“Man overboard” is a situation where someone falls off a boat, and nearby vessels should proceed with caution and assist in a rescue attempt. There are various ways someone can fall overboard, and different methods to locate them, such as GPS and signal flags. A “pan-pan” call can also be made to alert other boats […]
The House of Representatives and Senate make up Congress in the US. The House Ways and Means Committee, responsible for taxes and spending, has existed for over 200 years and oversees important monetary matters. It has jurisdiction over taxes, trade, social programs, and finances. The committee is also responsible for oversight and influences federal and […]
Means tests assess finances to determine eligibility for financial assistance, such as food stamps or housing vouchers. Income and expenses are documented, and standards are set by the government. Passing one test does not guarantee passing others, and dishonesty can result in penalties. The process can be uncomfortable and humiliating for some. A means test […]
“Above Water” refers to a financial statement where assets are stable and not losing money, even in adverse economic conditions. It can be difficult to maintain, but being above water makes an individual a good credit risk and better equipped to withstand financial crises. “Above Water” is a term often used to describe a financial […]
Caveat Emptor means “buyer beware” and is used to warn tourists about deceptive businesses, counterfeit goods, and items that could cause problems at customs. It’s best to shop at company stores and research customs guidelines to avoid trouble. Caveat Emptor is a Latin term that translates to “buyer beware” in English. This term is often […]
The idiom “bet the farm” means risking everything on a single investment or opportunity. It can pay off well, but also means losing everything. Seeking professional advice or doing research is important before taking such risks. Some gambling games offer the opportunity to “bet the farm” on a promising hand. The idiom you bet the […]
