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Tip of the Day Find Out About Homeowner Taxes

Find Out About Homeowner Taxes - Before purchasing a home find out what the property taxes are going to be on that home. In some cases, the mortgage that you...

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Variable Committed Expense

Variable Committed Expense - Variable committed expenses can happen from time to time, more than the usual or standard costs, even recurring occasionally. They can be temporary and/or periodic, for a short term, ever-so-often, higher, lower, fluctuating, but ever-present. Allowances for this flexibility and incidence is important in budgeting to off-set these occurrences. Necessary expense, higher and lower at times, can not be avoided, but their impacts minimized effectively. Anticipation, cutting cost, avoiding waste are countermeasures to off-set these impacts.  Downtime, maintenance are part of the budgeted costs of running/operating a business, projected cost in budgets. Parts and labor for example, how often equipment (will), break-downs occur, can be budgeted for, but not precisely predicted.  Having reserves and contingencies built-in holds the key to successfully dealing with these realities and challenges. Actions taken will center around minimizing escalation and upswings of these committed expenses, to ensure business continuity and functioning at all times. Planning, budgeting and resource management can go along way to address these challenges.

 

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Daily Definition

Definition of the Day Call Price

Call Price - A call price is a specific price which is specified at issuance to which a bond or a preferred stock can be redeemed by the issuer. Another name for this is redemption price. The redemption value is a price that an issuing company may choose to repurchase...

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