Legal Articles

What is a Credit Freeze?



Are you concerned about freezing your credit or even identity theft? Some consumers have chosen to make that decision for their safety because many people have fallen victim to identity theft due to data breaches. So, in this article, we will answer the question what is a credit freeze, as well as discuss the benefits […]

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What is the Security Exchange Commission?



The market structure is constantly changing, and new challenges have to be dealt with. There are dishonest individuals out there, and the marketplace creates those rules to protect everybody and create fairness. Therefore, in this article, we will be discussing the security and exchange commission.  What is the Security Exchange Commission? The government created the […]

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What To Expect With An IRA: Traditional, Roth, SEP, & SIMPLE



An IRA is an Individual Retirement Account. It’s similar to a 401K, except that you can get one even if your employer doesn’t offer it. This is particularly great if you’re self-employed or a small business owner! But, even if you have a 401(K), you can still get an IRA. And we’ll discuss later whether […]

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401(K) Types, Loans, Contribution Limits, & Benefits



401(K)s can seem unnecessarily complex when you’re first looking into them. But the gist is that a 401(K) is a saving account you can’t touch until you retire. And – the biggest perk – is that any money you put in comes out before taxes come out. But, like all money, it’s going to get […]

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Economic Recession VS Depression: Similarities & Differences



Recession and depression are often used interchangeably to describe the economy. Though they can also describe the job, housing, or manufacturing markets. Among other things. But are a recession and a depression the same thing? Spoiler: no, they’re not. The National Bureau of Economic Research (NBER) officially declares when we’re in a recession or depression. […]

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Legalities Of Bitcoin And Other Cryptocurrency



Bitcoin and other cryptocurrencies are often lauded as innovative technology with a promising future. Decentralized and offering full transparency per transaction, some have welcomed cryptocurrency as a method of exchange, while others have openly criticized the fanfare that sometimes surrounds it. Regardless of personal opinions about the use of Bitcoin and other cryptocurrency, what are […]

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Six Ways to Protect Yourself on Online Auction Sites



Internet auction sites, such as eBay, are great ways to get deals on just about anything. Often you can find rare items on these sites that would be almost impossible to find at a typical department store or shopping mall. However, while there are big advantages of online auction sites, there are also drawbacks, not […]

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Nine Debt Collector Tactics That Violate The Federal Debt Collections Practices Act



The loss of a job, an unexpected illness or injury, or other common situation that people face in their lives everyday can put a strain on your finances. Anyone who has ever fallen behind in paying their bills has probably received a demand letter or threatening telephone call from their creditors. Creditors are entitled to […]

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UNCITRAL: Why This Little Known Commission Really Matters



If you asked most people to name a major organization that deals with international trade issues, then the most common answer you are likely to receive is the World Trade Organization (WTO). However, the WTO is not the only major organization when it comes to international trade regulation. The United Nations Commission on International Trade […]

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Four Curious Facts About Blue Sky Laws



Blue sky laws are state laws and regulations that are meant to protect potential investors from investing in securities–like bonds and stocks–that may be highly risky or even fraudulent. These blue sky laws have a colorful history dating back more than a century and today they are an important element in helping states crack down […]

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Three Key Things To Know To Answer The Question: “What Is a Fob?”



An agreement between a manufacturer to sell and ship goods to a merchant located across the country or around the world can involve many issues, such as price, quantity and terms of payment. Their agreement would include the method of transportation to be used to ship the goods and might mention that the goods are […]

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Three Surprising Things About Palimony Most People Don’t Know



Palimony is a term that many people have likely heard before, but few people – aside from those who work in a legal profession- would be able to define it. While essentially a form of alimony, palimony differs from alimony in many important ways, both in terms of legal definition and in how palimony and […]

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Understanding the 4 Types of Notes Payable To Banks



The amount of paperwork associated with borrowing money from a bank can be truly daunting. Whether you are taking out a loan to get money to buy a car or borrowing to purchase a new home, one of the most important documents the lender will ask you to sign is a promissory note. Notes payable […]

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Five Steps To Take To Protect Yourself From Financial Identity Theft



Financial identity theft is a serious and growing problem in this country. Unlike other theft crimes in which you know that money or valuables have been taken from you, it could be days or weeks before you become aware that you have been the victim of a crime. The Bureau of Justice Statistics of the […]

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What Your Credit Report Says About You



Whenever you apply for a credit card, submit a loan application to a bank, apply for a mortgage to buy a house, or finance the purchase of a car, the lender uses the information contained in your credit report as a determining factor in making the decision to extend credit or approve a loan. If […]

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UNFAIR ADVERTISING

Advertising causing harm to consumers and can be restricted by unfair advertising laws. See unfair consumer practice.

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UNFUNDED LIABILITY

Liability not covered by an asset of greater or equal value.

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UNIFORM GIFTS TO MINORS ACT

Regulation allowing the adult right to contribute funds to a minor’s account that doesn’t need setting up a trust fund. Adult will manage the account until the holder reaches 18 years of age.

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UNINSURED PLAN

Term referring to a plan that is not an insurance product.

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UNIT COST

Expense used to produce one unit of a service or good often an average cost.

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