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Tellus (app)
Tellus App, Inc. ( d.b.a. Tellus, previously known as Zilly, Inc.) is an American real estate technology and financial technology company. The company's primary product, an eponymous app, provides a property management and payment system for use in housing rentals, and offers non-FDIC-insured cash accounts targeted at general consumers. Tellus was founded in 2016 by cofounders Rocky Lee and Tiancheng Zhu, who previously had worked as a corporate lawyer and a businessman respectively. Prior to the firm's creation, Lee had business connections in both China and the United States, while Zhu had mostly worked in Silicon Valley. The company's business model has drawn scrutiny from the United States Senate Committee on Banking, Housing, and Urban Affairs, whose chair, Sherrod Brown, wrote letters to Tellus and to the FDIC that requested information from Tellus on its operations, expressed concerns about the business's customer deposit and mortgage lending operations, and called for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telus Communications
Telus Communications Inc. (TCI) is the wholly owned principal subsidiary of Telus Corporation, a Canadian national telecommunications company that provides a wide range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, smart home automation and IPTV television. The company is based in the Vancouver, British Columbia, area; it was originally based in Edmonton, Alberta, before its merger with BC Tel in 1999. Telus' wireless division, Telus Mobility, offers UMTS- and LTE-based mobile phone networks. Telus is the incumbent local exchange carrier in British Columbia and Alberta. Its primary competitors are Rogers Communications and Bell Canada. Telus is a member of the British Columbia Technology Industry Association. History Telus Corporation was formed in 1990 by the government of Alberta as a holding company to facilitate the privatization of Alberta Government Telephones (AGT), a crown corporation that p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sherrod Brown
Sherrod Campbell Brown ( ; born November 9, 1952) is an American politician who served from 2007 to 2025 as a United States senator from Ohio. A member of the Democratic Party, he was the U.S. representative for from 1993 to 2007 and the 47th secretary of state of Ohio from 1983 to 1991. He started his political career in 1975 as a state representative. Brown is widely regarded within the Democratic Party as a progressive and populist figure. A native of Mansfield, Ohio, Brown graduated from Yale University and Ohio State University. He was elected to the U.S. Senate in 2006, defeating two-term Republican incumbent Mike DeWine. He was reelected in 2012 and 2018. Throughout his tenure, Brown chaired the Senate Committee on Banking, Housing, and Urban Affairs and served on the Committees on Finance, Veterans' Affairs, and Ethics. He ran for reelection in 2024, but was defeated by Republican nominee and businessman Bernie Moreno. He is the most recent Democrat to hold elec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Super Jumbo Mortgage
In the United States, a super jumbo mortgage is a jumbo mortgage that far exceeds the conforming loan limits. These are typically 4 times the maximum loan amount set by Fannie Mae or Freddie Mac which was $766,551. A super jumbo mortgage would be a mortgage greater than $3 million, although lenders differ on just what constitutes a super jumbo mortgage subject to their own internal investment criteria. Unlike Jumbo loan limits, the super jumbo mortgage category is not directly defined, controlled, or regulated by any of these aforementioned agencies. Instead, mortgage lenders internally and independently define their own parameters and criteria for what defines a Super Jumbo mortgage. This can depend on the location with the United States the type of home and are usually for luxury homes. Risks for the lender Super Jumbo Mortgages present an increased risk to the lender in direct correlation with the size of the loan, substantially more than conforming mortgages. The increased r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roosevelt Institute
The Roosevelt Institute is a liberal American think tank headquartered in New York City. History and overview The Roosevelt Institute was created in 1987 through the merger of the Eleanor Roosevelt Institute and the Franklin D. Roosevelt Four Freedoms Foundation. In 2007, the Roosevelt Institute merged with the Roosevelt Institution, now known as the Roosevelt Institute Campus Network. It remains the non-profit partner to the government-run Franklin D. Roosevelt Presidential Library and Museum, the nation's first presidential library. In 2009, it expanded its mission with the launch of the Four Freedoms Center, a progressive policy think tank, and an economic policy blog. Felicia Wong, formerly of the Democracy Alliance, became the organization's president and CEO in March 2012. In 2015, the Roosevelt Institute was added to the Democracy Alliance's list of recommended funding targets. Other donors to the Roosevelt Institute include the Ford Foundation, the Hewlett Foundati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest Payment
In finance and economics, interest is payment from a debtor or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay to the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Interest dif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash Account
In business practice, cash account refers to a business-to-business or business-to-consumer account which is conducted on an immediate payment basis i.e. no credit is offered. It may also refer to an account held with a financial firm, in which a client deposits cash to buy stocks, bonds and other securities. In accounting practice, "cash account" or "cash book" refers to a daybook (Main entry book) used to record all transactions related to cash, especially cash receipts and payments. Cash account is considered as a special daybook because of its dual accounting impact. Cash account acts as a main entry book as well as a ledger in accounting. The dual impact of cash book occurs due to the presence of two sides (entities): Debit and credit. Cash account is the combination of cash receipts journal and cash payment journal and hence called as "cash receipts and payment journal". Receipt and payment voucher are the source document A source document is a document in which data coll ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deposits
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer (depositor) relationship is one of debtor-creditor. Some banks charge fees for transactions on a customer's account. Additionally, some banks pay customers interest on their account balances. Types of accounts * How banking works In banking, the verbs "deposit" and "withdraw" mean a customer paying money into, and taking money out of, an account, respectively. From a legal and financial accounting standpoint, the noun "deposit" is used by the banking industry in financial statements to describe the liability owed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash Out Refinancing
Cash out refinancing (in the case of real property) occurs when a loan is taken out on property already owned in an amount above the cost of transaction, payoff of existing liens, and related expenses. Strictly speaking, all refinancing of debt is "cash-out," when funds retrieved are utilized for anything other than repaying an existing loan. In the common usage of the term, cash out refinancing occurs when equity is liquidated from a property above and beyond sum of the payoff of existing loans held in lien on the property. This is often done when the value of the property has increased allowing the mortgagor to increase their mortgage taking cash out to spend on other things. Etymology The compound noun "refinancing" is composed of the Latin prefix "re" (''back'', ''again'' but also ''against'', ''against'') and the word stem "financing" (Latin ''financia'', "''payment''") and is a deverbal derivative. Money creation by commercial banks When granting loans or purchasing assets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accredited Investor
An accredited or sophisticated investor is an investor with a special status under financial regulation laws. The definition of an accredited investor (if any), and the consequences of being classified as such, vary between countries. Generally, accredited investors include high-net-worth individuals, banks, financial institutions, and other large corporations, who have access to complex and higher-risk investments such as venture capital, hedge funds, and angel investments. Laws may require that some types of financial offerings may only be made to accredited investors. Criteria for accreditation Australia s 708(8) of the Corporations Act 2001 is found in Chapter 6D (Fundraising). It defines "sophisticated investor" so as to exclude them from certain disclosure requirements. That section provides for an accountant to issue a certificate stating that an individual meets the criteria prescribed in the ''Corporations Regulations 2001'', namely net assets of at least $2.5 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amazon S3
Amazon Simple Storage Service (S3) is a service offered by Amazon Web Services (AWS) that provides object storage through a web service interface. Amazon S3 uses the same scalable storage infrastructure that Amazon.com uses to run its e-commerce network. Amazon S3 can store any type of object, which allows uses like storage for Internet applications, backups, disaster recovery, data archives, data lakes for analytics, and hybrid cloud storage. AWS launched Amazon S3 in the United States on March 14, 2006, then in Europe in November 2007. Technical details Design Amazon S3 manages data with an object storage architecture which aims to provide scalability, high availability, and low latency with high durability. The basic storage units of Amazon S3 are objects which are organized into buckets. Each object is identified by a unique, user-assigned key. Buckets can be managed using the console provided by Amazon S3, programmatically with the AWS SDK, or the REST application ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stanford Graduate School Of Business
The Stanford Graduate School of Business is the Postgraduate education, graduate business school of Stanford University, a Private university, private research university in Stanford, California. For several years it has been the most selective business school in the United States, admitting only about 6% of applicants. Stanford GSB offers a general management Master of Business Administration (MBA) degree, the Sloan Fellows, MSx Program (Master of Science, MS in Management for mid-career executives), Stanford LEAD Online Business Program and a Doctorate of Science, PhD program, along with joint degrees with other schools at Stanford, including Stanford University School of Earth, Energy & Environmental Sciences, Earth Sciences, Stanford University Graduate School of Education, Education, Stanford University School of Engineering, Engineering, Stanford Law School, Law, and Stanford University School of Medicine, Medicine. History The school was founded in 1925 when trustee Herb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Master Of Business Administration
A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular area but an MBA is normally intended to be a general program. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management. MBA programs in the United States typically require completing about forty to sixty semester credit hours, much higher than the thirty semester credit hours typically required for other US master's degrees that cover some of the same material. The UK-based Association of MBAs accreditation requires "the equivalent of at least 1,800 hours of learning effort", equivalent to 45 US semester credit hours or 90 European ECTS credits, the same as a standard UK master's degree. Accreditation bodies for business schools and MBA programs ensure cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
