A monoline is a company that focuses on a single line of business. For example, a monoline insurance company focuses on providing insurance products and does not offer other financial services. The term is also used to describe a financial product that is backed by a single asset, such as a mortgage-backed security. What is … Read more

Cash Bonus Definition.

A cash bonus is a monetary reward given to an employee for performing their job well, or for achieving a specific goal. The amount of the cash bonus is typically determined by the employer, and is usually based on the employee’s salary or level of responsibility. Cash bonuses are often given out during an employee’s … Read more