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In some cases, stocks open at the same price they closed at during the previous day’s trading session. In other cases, a stock’s opening price can differ from the previous day’s closing price. In some cases, this difference can be accounted for by extended-hours trading, but in other cases, ...

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What Is Commercial Paper?Commercial paper is a type of debt issued by a company that can serve as a source of funding for its operations. Money raised from commercial paper can be used to meet short-term needs, such as payroll, inventory finance, or payment for raw materials. Companies often prefer ...

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What Is Discretionary Income? A person’s discretionary income is what they have left over from their disposable income (i.e., income after taxes) after all necessities have been paid for. Common necessities include food, shelter, medicine, and clothing. In other words, discretionary income is what ...

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