In this article, we’re answering “What is a bridge loan?” But, instead of keeping you waiting, a bridge loan is a form of short-term financing. We will break down the different types of bridge loans, who can benefit from them,…
In this article, we’re answering “Is accounts receivable an asset?” The short answer is “yes” but there are important nuances that you should understand. We’ll break down these nuances for you below and we’ll also be answering common questions that…
In this article, we’re going to answer “How do CDs work?” Not surprisingly, this is an important question for anyone getting started with saving, investing, or banking in the United States. This article is part of our series on banking…
In this article, we’re answering “What is an underwriter?” Importantly, while we will be talking about underwriters broadly, we will also be focusing on what an underwriter is in the world of banking. This article is part of our free…
In this article, we’re answering “What is a basis point?” In short, it’s a unit of measure that is used in finance and banking to reflect changes in financial instruments. In this article, we’re going to share everything you need…
Probate, meaning the distribution of estate assets following a person’s death, is a public, drawn-out, and administrative legal process. In this article, we’re going to share the meaning of probate, describe the probate process, and share a few options on…
In this article, we’re exploring the difference between revocable vs irrevocable trust structures. This is an important question that many of our members face when exploring the world of estate planning and wealth management. With this in mind, we will…
The substantial presence test is one of the two ways that the Internal Revenue Service determines whether an individual is considered a resident in the United States for tax purposes. In the vast majority of cases, if you are a…
In this article, we’re explaining the meaning of voided in the world of banking and finance. Including why, how, and when “voided” is important. Plus, we will also be answering common questions that we receive from our members on the…
An ITIN application is a straightforward process with outsized financial benefits such as a US bank account for non-residents as well as lucrative credit offers. However, it can take up to 11 weeks if your application is submitted during “peak…
What is an LP? An LP is a Limited Partnership, which is a type of business structure that requires at least two partners, which are a general partner and a limited partner. In this article, we’re going to explain everything…
APY vs APR is a common point of confusion in banking. If you’re new to banking in America you may find this helpful when navigating products tied to your new US bank account for non-residents. On the other hand, if…
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