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NMCI quickly suffered some widely publicized setbacks, including rollout delays that caused HP financial losses. Today, NMCI is described in documents from the Navy's chief information officer as "the core enterprise network for Navy and Marine Corps forces in the United States and Japan, providing secure access to integrated voice, video and ...
Financial law is the law and regulation of the commercial banking, capital markets, insurance, derivatives and investment management sectors. [1] Understanding financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.
Right now, those offering one-time financial advice aren't considered fiduciaries, nor does the law require a fiduciary standard for those providing advice to workplace plan sponsors about 401(k ...
Original Issue Discount ( OID) is a type of interest that is not payable as it accrues. OID is normally created when a debt, usually a bond, is issued at a discount. In effect, selling a bond at a discount converts stated principal into a return on investment, or interest. The accurate determination of principal and interest is necessary in ...
The financing of electoral campaigns in the United States happens at the federal, state, and local levels by contributions from individuals, corporations, political action committees, and sometimes the government. Campaign spending has risen steadily at least since 1990. For example, a candidate who won an election to the House of ...
Bills of credit are documents similar to banknotes issued by a government that represent a government's indebtedness to the holder. They are typically designed to circulate as currency or currency substitutes. [1] Bills of credit are mentioned in Article One, Section 10, Clause One (also known as the Contract Clause) of the United States ...
Just before passage of that law, 1 in 3 single-family homes that were produced in the U.S. were manufactured, meaning they were built completely in a factory and delivered to customers on a ...
Dematerialization (securities) In finance and financial law, dematerialization refers to the substitution of paper-form securities by book-entry securities. This is a form of indirect holding system in which an intermediary, such as a broker or central securities depository, or the issuer (e.g., French system) holds a record of the ownership of ...