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Tip of the Day Pay Your Bills On Time

Pay Your Bills On Time - We all get behind on our bills every once in a while, but when it becomes a constant practice it starts to cost us...

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In the Red

In the Red – “In the Red” is the opposite of “In the Black”.  This term refers to any business venture that is considered to be a loss or not profitable.  A company often states that they are in the red when their revenue is exceeded by their costs, thereby showing that they are losing money.  In the accounting profession, any amount that is negative or any debt or liability listed on the accounting balance sheet used to be denoted in red ink, hence the origin of this now mainstream phrase.

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Definition of the Day Australian Securities Exchange

Australian Securities Exchange - The Australian Securities Exchange is the largest stock exchange in all of Australia, and is also known as the ASE, which opened for operation in 1987. Although its operations and functions have change with the times, it was transformed in 2006 after becoming the product in...

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