2010 Stimulus check & Economic Stimulus Package News & Update

Stimulus Check

2010 Stimulus check

The 2010 stimulus check is set to help over 90% of Americans, but how will this affect you? The changes... 


Economic, Insurance, Legal, Loan & Tax

What is the Troubled Asset Relief Program (TARP)

Troubled Asset Relief Program (TARP) is a formulation of relief for lending institutions who are suffering due to the mortgage crisis because of the economic meltdown. Originally when this program was formulated in 2008 it was meant to enable banks and lending institutions to submit a price for bidding, so that they could sell to TARP in reverse bidding, assets which were mortgage-based and facing foreclosure with no means of recovering the lent amount. TARP would take the lowest bid in each asset class ensuring that the government did not overpay for these problematic assets. However this auction was taking very long to develop and so the Treasury is proposing to purchase or insure the troubled assets up to $700 billion, by purchasing certain stock in the form of equity warrants from banks. Troubled assets can be classified as assets... 

Calculable Loss

In Insurance a risk is transferred to another party, by paying a certain amount called a premium. Insurance is a form of risk management, to cover for a probable loss. An insurance policy is a contract between two parties. One is the insurer, who sells the policy and is willing to underwrite the risk of loss, and the other is the person buying the insurance coverage. The insurer has to arrive at a reasonable premium amount to charge for the risk he is willing to take. For this several factors have to be considered and there are specific formulas to arrive at a figure. Most of the risks which are insurable share certain common features or characteristics. Based on these factors the insurer is able to gauge the extent of risk he is taking and also the viability of getting more such customers, thus increasing the premium base. Among characteristics... 

Civil Law Notary

Civil law notaries are special lawyers who act as public officers in a particular jurisdiction. The main duty of civil law notaries is to provide legal advice and suggestion and also to prepare instruments which have legal effect. All civil law notaries receive the same education as advocates who study civil law. Civil law notaries have their limitations to work with only private laws which deals with the relationships among individuals with which the state is not directly concerned. Some of the important jobs carried on by civil-law notaries are residential, commercial, drafting, business agreements and transactions, succession plans and other estate planning. Notaries are law degree holders and are experts in civil law and for dealing with civil law cases, there is a requirement of knowledge in private law which includes family law,... 


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