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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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Phantom Stock Plan

Phantom Stock Plan - When a company wishes to encourage productivity in its employees, on effective way to accomplish it is to offer the employees a benefit plan that is similar in structure to share in the company without the company having to actually sell the shares. The arrangements and payouts would be similar to a deferred compensation plan, in that the employees would receive benefits if the stock performed well over a certain period of time. The incentive is thereby placed on the employees to do everything they can to help the company profit. The advantage to the employee is they won't lose their money and the advantage to the company is that it retains control of its stocks.

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Definition of the Day Convertible Auction Rate Preferred Stock

Convertible Auction Rate Preferred Stock - a convertible auction rate preferred stock is a certain type of an auction related preferred stock that can be converted into shares of the underlying security an underlying security is a commodity or security, which is subject to delivery when an option is exercised...

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