What is the Securities and Exchange Commission (SEC)?
The Securities and Exchange Commission (SEC) is a federal organization that governs and enforces the laws of the security industry to protect investors.
SoFi Stock News – SoFi Partners with Pagaya
The company has partnerned with Pagaya (a fintech company) and plans to integrate Pagaya’s tech into SoFi’s product offerings.
What is Salvage Value?
Salvage value is the estimated book value of a depreciable asset at the end of its expected useful life that helps calculate depreciation.
What is Straight-Line Depreciation?
Straight-line depreciation is calculated by subtracting the salvage value from the asset’s cost and dividing it by the years estimated for its useful life.
What is a Recession?
A recession is a period of decline in economic activity and often defined by a continuous decline in gross domestic product for two consecutive quarters.
What is a Prospectus?
A prospectus is a legal document provided to investors who are interested in a financial security and need to make an informed decision.
What is a Registered Investment Advisor (RIA)?
A registered investment advisor (RIA) is an individual who has undergone financial investment training and completed certification.
What is Return on Assets (ROA)?
Return on Assets (ROA) is the way to measure how much profit a given company generates with the current assets on its books.