State brands increase social prestige within a community or subculture, regardless of cost. Luxury brands are defined by cost and association with a well-known manufacturer or designer. State brand ownership signals recognition of community values and leadership, and can raise an individual’s status. A state brand is a brand of consumer goods that can increase […]
BSB is a six-digit code used in Australia and New Zealand to identify bank branches for electronic funds transfers and check clearing. The code includes the parent company’s identification, state, and specific branch location. Credit unions and building societies may not use BSBs, and overseas transfers may take several days and incur additional fees. State […]
Employers pay state unemployment tax to fund unemployment compensation funds, which provide a living allowance to eligible unemployed workers. The state unemployment tax is based on a percentage of the company’s gross payroll, with varying fees and thresholds by state and company. Unemployment compensation is not indefinite and recipients must actively seek work. Employers pay […]
The IRS can seize assets in exchange for unpaid state taxes, including property and wages. A state tax lien can be detrimental to a taxpayer’s financial situation and can result in wage garnishment or property seizure. Taxpayers have options to avoid a state tax lien, including appealing the fee, setting up a payment plan, or […]
State certificates authenticate an individual’s qualifications for various situations, including legal and business matters. They may be required for licenses, loan settlements, and admission to professional organizations or education institutions. Properly prepared and notarized certificates may be sufficient for acquiring necessary documents, but there may be a waiting period for government approval. Generic paper and […]
An estate is an individual’s assets, including intellectual property, distributed through a will or local laws. In bankruptcy, it covers assets sold to cover debt. Estate tax is levied on taxable assets. Without a will, local laws determine heirs. Conflict may arise without a valid will. In law, an estate is the term for an […]
Steady state is a phase in the mortgage industry where borrowers overpay their mortgages to prepare for refinancing, making the yield on mortgage-backed securities more predictable. MBS pools are purchased by banks and bundled into securities for investors, but economic changes and risky subprime mortgages can make them pernicious. A steady-state economy is an economic […]
State procurement offices handle the process of obtaining supplies, equipment, and personnel for state agencies. They can also establish policies, such as prioritizing environmentally safe options. The procurement process involves opening RFQs and reviewing bids from companies. Offices are typically located in the state capital with branch offices in other regions. Government procurement is a […]
The terms “state”, “nation” and “country” are often used interchangeably, but they have discernable differences. An independent state is the same as an independent country, while a nation is a group of people who share a language, culture, institutions, history and religion. A nation-state is when a nation of people has its own distinct country. […]
