CMS puts Tenet hospital on notice after patient dies

The CMS is scrutinizing a Tenet Healthcare Corp. hospital in Alabama after its staffers used inappropriate restraint methods, leaving one patient dead and others at risk.In surveillance footage reviewed by the CMS, a patient in Brookwood Baptist Medical Center's...

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No-Appraisal Loan

What is 'No-Appraisal Loan 'A no-appraisal loan is a mortgage that does not require an appraisal of the property’s current market value. A no-appraisal loan may use alternative methods of determining a home’s value for the purpose of defining how much money to lend,...

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What is 'Stripper'Stripper as a real estate term refers either to an individual homeowner who strips the equity out of their home through mortgage refinancing, or to an investor who buys a property in foreclosure and then rents it back to the defaulting homeowner,...

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Multiplier Effect

Loading the player... What is the 'Multiplier Effect' The multiplier effect is the expansion of a country's money supply that results from banks being able to lend. The size of the multiplier effect depends on the percentage of deposits that banks are required to hold...

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DEFINITION of 'Escrow'Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction. The funds or assets are held by the escrow agent until it receives...

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Benjamin Graham: The intelligent investor

Serious physicists read about Sir Isaac Newton to learn his teachings about gravity and motion. Serious investors read Benjamin Graham's work to learn about finance and investments. Known as "the father of value investing" and the "dean of Wall Street," Graham...

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Private jet that departed from Texas crashes in Honduras

Emergency responders and bystanders are covered in foam after a Gulfstrea jet crashed near the airport in Tegucigalpa, Honduras Tuesday.  (Twitter/Policía Nacional) A private jet that crashed off the end of the runway at the international airport in Honduras' capital...

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