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Wiki	Wiki Summary
Anthropogenic hazard	Anthropogenic hazards are hazards caused by human action or inaction. They are contrasted with natural hazards.
Terrorist and Disruptive Activities (Prevention) Act	Terrorist and Disruptive Activities (Prevention) Act, commonly known as TADA, was an Indian anti-terrorism law which was in force between 1985 and 1995 (modified in 1987) under the background of the Punjab insurgency and was applied to whole of India. It was originally assented to by the President on 23 May 1985 and came into effect on 24 May 1985.
List of global issues	A global issue is a matter of public concern worldwide. This list of global issues presents problems or phenomena affecting people around the world, including but not limited to widespread social issues, economic issues, and environmental issues.
Adverse	Adverse or adverse interest, in law, is anything that functions contrary to a party's interest. This word should not be confused with averse.
Adverse effect	An adverse effect is an undesired harmful effect resulting from a medication or other intervention, such as surgery. An adverse effect may be termed a "side effect", when judged to be secondary to a main or therapeutic effect.
Adverse possession	Adverse possession, sometimes colloquially described as "squatter's rights", is a legal principle in the Anglo-American common law under which a person who does not have legal title to a piece of property—usually land (real property)—may acquire legal ownership based on continuous possession or occupation of the property without the permission (licence) of its legal owner. The possession by a person is not adverse if they are in possession as a tenant or licensee of the legal owner.
Adverse (film)	Adverse is a 2020 American crime thriller film written and directed by Brian Metcalf and starring Thomas Nicholas, Lou Diamond Phillips, Sean Astin, Kelly Arjen, Penelope Ann Miller, and Mickey Rourke. It premiered at the Fantasporto Film Festival, Portugal's largest film festival, on February 28, 2020.
Hostile witness	A hostile witness, also known as an adverse witness or an unfavorable witness, is a witness at trial whose testimony on direct examination is either openly antagonistic or appears to be contrary to the legal position of the party who called the witness. This concept is used in the legal proceedings in the United States, and analogues of it exist in other legal systems in Western countries.
Lease	A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (the lessor) for use of an asset. Property, buildings and vehicles are common assets that are leased.
Leaseback	Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done for fixed assets, notably real estate, as well as for durable and capital goods such as airplanes and trains.
Financial accounting	Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use.
Net income	In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.It is computed as the residual of all revenues and gains less all expenses and losses for the period, and has also been defined as the net increase in shareholders' equity that results from a company's operations. It is different from gross income, which only deducts the cost of goods sold from revenue.
Financial ratio	A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization.
East India Company	The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia.
Company	A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
The Walt Disney Company	The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.\nDisney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986.
The Pokémon Company	The Pokémon Company (株式会社ポケモン, Kabushiki gaisha Pokémon) is a Japanese company responsible for brand management, production, publishing, marketing and licensing of the Pokémon franchise, which consists of video game software, a trading card game, anime television series, films, manga, home entertainment products, merchandise, and other ventures. It was established through a joint investment by the three businesses holding the copyright of Pokémon: Nintendo, Game Freak, and Creatures.
The Weather Company	The Weather Company is a weather forecasting and information technology company that owns and operates weather.com and Weather Underground. The Weather Company has been a subsidiary of the Watson & Cloud Platform business unit of IBM since 2016.
The Longaberger Company	The Longaberger Company is an American manufacturer and distributor of handcrafted maple wood baskets and other home and lifestyle products. The company opened in 1973, was acquired in 2013 by CVSL, Inc., and closed in 2018.
Financial condition report	In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in an FCR involves dynamic solvency testing, a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters.
Balance sheet	In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
Financial statement	Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.\nRelevant financial information is presented in a structured manner and in a form which is easy to understand.
Financial law	Financial law is the law and regulation of the insurance, derivatives, commercial banking, capital markets and investment management sectors. Understanding Financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.
Trustmark (bank)	Trustmark is a commercial bank and financial services company headquartered in Jackson, Mississippi, United States, with subsidiaries Trustmark National Bank, Trustmark Investment Advisors, and Fisher Brown Bottrell Insurance. The bank's initial predecessor, The Jackson Bank, was chartered by the State of Mississippi in 1889.
Financial analysis	Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports.
Federal takeover of Fannie Mae and Freddie Mac	In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis.
Arithmetic	Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today.
Operation Mincemeat	Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin.
Operation (mathematics)	In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation.
Bitwise operation	In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor.
Risk management	Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.\nRisks can come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
Emergency management	Emergency management, also called emergency response or disaster management, is the organization and management of the resources and responsibilities for dealing with all humanitarian aspects of emergencies (prevention, preparedness, response, mitigation, and recovery). The aim is to prevent and reduce the harmful effects of all hazards, including disasters.
Management accounting	In management accounting or managerial accounting, managers use accounting information in decision-making and to assist in the management and performance of their control functions.\n\n\n== Definition ==\n\nOne simple definition of management accounting is the provision of financial and non-financial decision-making information to managers.

Risk Factors
CALIFORNIA FIRST NATIONAL BANCORP Item 1A Risk Factors 11-14 ITEM 1A RISK FACTORS There are a number of factors, including those specified below, that may adversely affect the Companyapstas business, financial results or stock price
Additional risks that the Company currently does not know about or currently views as immaterial may also affect the Companyapstas business or adversely impact its financial results or stock price
Industry Risk Factors The Companyapstas business and financial results are subject to general business and economic conditions
The Companyapstas business activities and earnings are affected by general business conditions in the United States
An economic downturn could result in a deterioration of credit quality of lessees, a change in the allowance for lease losses, or reduced demand for leasing capital assets
Changes in the financial performance and condition of lessees could negatively affect the repayment of receivables
In addition, changes in securities markets and monetary fluctuations could adversely affect the availability and terms of funding necessary to meet the Companyapstas liquidity needs
11 _________________________________________________________________ California First National Bancorp and Subsidiaries Changes in the domestic interest rate environment could reduce the Companyapstas net direct finance and interest income
The Companyapstas net direct finance and interest income, which is the difference between income earned on leases and investments and interest expense paid on deposits, is affected by market rates of interest, which in turn are affected by prevailing economic conditions, by the fiscal and monetary policies of the federal government and by the policies of various regulatory agencies
Changes in the laws, regulations and policies governing financial services companies could alter the Companyapstas business environment and adversely affect operations
The Board of Governors of the Federal Reserve System regulates the supply of money and credit in the United States
Its fiscal and monetary policies determine in a large part the Companyapstas cost of funds and the return that can be earned on leases and investments, both of which affect the Companyapstas net direct finance and interest income
The Company and the Bank are regulated by governmental entities
This regulation is to protect depositors, federal deposit insurance funds and the banking system as a whole
Changes in statutes, regulations or policies could affect the Company in substantial and unpredictable ways
The Company cannot predict whether any potential legislation will be enacted, and if enacted, the effect that it or any regulations would have on the Companyapstas financial condition or results of operations
The financial services industry is highly competitive, and competitive pressures could intensify and adversely affect the Companyapstas financial results
The Company operates in a highly competitive industry that could become even more competitive as a result of legislative, regulatory and technological changes
The Company competes with other commercial banks, savings and lease associations, mutual savings banks, finance companies, credit unions and investment companies, many of which have greater resources that the Company
Acts or threats of terrorism and political or military actions taken by the United States or other governments could adversely affect general economic or industry conditions
Company Risk Factors The Companyapstas allowance for lease losses may not be adequate to cover actual losses
The Company maintains an allowance for lease losses to provide for probable and estimatable losses in the portfolio
The Companyapstas allowance for lease losses is based on its historical experience as well as an evaluation of the risks associated with its lease portfolio, including the size and composition of the lease portfolio, current economic conditions and concentrations within the portfolio
The Companyapstas allowance for lease losses may not be adequate to cover actual lease losses, and future provisions for lease losses could materially and adversely affect its financial results
The Company may suffer losses in its lease portfolio despite its underwriting practices
The Company seeks to mitigate the risks inherent in its lease portfolio by adhering to specific credit practices
Although the Company believes that its criteria are appropriate for the various kinds of leases it makes, the Company may incur losses on leases that meet these criteria
The change in residual value of leased assets may have an adverse impact on the Companyapstas financial results
A large part of the Companyapstas leases are subject to the risk that the residual value of the property under lease will be less than the Companyapstas recorded value
Adverse changes in the residual value of leased assets can have a negative impact on the Companyapstas financial results
The risk of changes in the realized value of the leased assets compared to recorded residual values depends on many factors outside of the Companyapstas control
The financial services business involves significant operational risks
Operational risk is the risk of loss resulting from the Companyapstas operations, including, but not limited to, the risk of fraud by employees or persons outside of the Company, the execution of unauthorized transactions by employees, errors relating to transaction processing and technology, breaches of the internal control system and compliance requirements and business continuation and disaster recovery
This risk of loss also includes the potential legal actions that could arise as a result of an operational deficiency or as a result of noncompliance with applicable regulatory standards, adverse business decisions or their implementation, and customer attrition due to potential negative publicity
In the event of a breakdown in the internal control system, improper operation of systems or improper employee actions, the Compan y could suffer financial loss, face regulatory action and suffer damage to its reputation
12 _________________________________________________________________ California First National Bancorp and Subsidiaries Quarterly operating results may fluctuate significantly
Operating results may differ from quarter to quarter due to a variety of factors, including the volume and profitability of leased property being remarketed, the size and credit quality of the lease portfolio, the interest rate environment, the volume of new lease originations, including variations in the mix and funding of such originations and economic conditions in general
The results of any quarter may not be indicative of results in the future
Negative publicity could damage the Companyapstas reputation and adversely impact its business and financial results
Reputation risk, or the risk to the Companyapstas business from negative publicity, is inherent in the Companyapstas business
Negative publicity can result from the Companyapstas actual or alleged conduct in any number of activities, including leasing practices, corporate governance, and actions taken by government regulators in response to those activities
Negative publicity can adversely affect the Companyapstas ability to keep and attract customers and can expose the Company to litigation and regulatory action
The Companyapstas reported financial results are subject to certain assumptions and estimates and managementapstas selection of accounting method
The Companyapstas management must exercise judgment in selecting and applying many accounting policies and methods so they comply with generally accepted accounting principles and reflect managementapstas judgment of the most appropriate manner to report the Companyapstas financial condition and results
In some cases, management may select an accounting policy which might be reasonable under the circumstances yet might result in the Companyapstas reporting different results than would have been reported under a different alternative
Certain accounting policies are critical to presenting the Companyapstas financial condition and results
They require management to make difficult, subjective or complex judgments about matters that are uncertain
Materially different amounts could be reported under different conditions or using different assumptions or estimates
These critical accounting policies include the estimate of residual values, the allowance for lease losses, and income taxes
Changes in accounting standards could materially impact the Companyapstas financial statements
The Financial Accounting Standards Board (FASB) may change the financial accounting and reporting standards that govern the preparation of the Companyapstas financial statements
These changes can be hard to predict and can materially impact how the Company records and reports its financial condition and results of operations
In some cases, the Company could be required to apply a new or revised standard retroactively, resulting in the Companyapstas restating prior period financial statements
Loss of certain of certain key officers would adversely affect the Companyapstas business
The Companyapstas business and operating results are substantially dependent on the certain key employees, including the Chief Executive Officer, Chief Operating Officer, Senior Vice President of Credit, Chief Financial Officer, the President and Chief Credit Officer of the Bank and certain key sales managers
The loss of the services of these individuals, particularly the Chief Executive Officer, would have a negative impact on the business because of their expertise and years of industry experience
The Companyapstas business could suffer if the Company fails to attract and retain qualified people
The Companyapstas success depends, in large part, on its ability to attract and retain key people
Competition for personnel in most activities the Company engages in can be intense
The Company may not be able to hire the best people or to keep them
The Company relies on other companies to provide components of the Companyapstas business infrastructure
Third party vendors provide certain components of the Companyapstas business infrastructure such as the Bankapstas core processing and electronic banking systems, item processing, and Internet connections
While the Company has selected these third party vendors carefully, it does not control their actions
Any problems caused by these third parties not providing the Company their services for any reason or their performing their services poorly, could adversely affect the Companyapstas ability to deliver products and services to the Companyapstas customers and otherwise to conduct its business
Replacing these third p arty vendors could also entail significant delay and expense
A natural disaster could harm the Companyapstas business
Natural disasters could harm the Companyapstas operations directly through interference with communications, including the interruption or loss of the Companyapstas websites, which would prevent the Company from gathering deposits, originating leases and processing and controlling its flow of business, as well as through the destruction of facilities and the Companyapstas operational, financial and management information systems
The computer systems and network infrastructure the Company and others use could be vulnerable to unforeseen problems
These problems may arise in both our internally developed systems and the systems of our third-party service providers
Our operations are dependent upon our ability to protect computer equipment against damage from fire, power loss or telecommunication failure
Any damage or failure that causes an interruption in our operations could adversely affect our business and financial results
In addition, our computer systems and network infrastructure present security risks, and could be susceptible to hacking or identity theft
The Company relies on dividends from its subsidiaries for its liquidity needs
The Company is a separate and distinct legal entity from the Leasing Companies and the Bank
The Company receives substantially all of its cash from dividends paid by the Leasing Companies
These dividends are the principal source of funds to pay dividends on the Companyapstas stock
Various regulations limit the amount of dividends that the Bank may pay to the Company
The Companyapstas stock price can fluctuate widely in response to a variety of factors, including: actual or anticipated variations in the Companyapstas quarterly operating results; operating and stock price performance of other companies that investors deem comparable to the Company; news reports relating to trends, concerns and other issues in the financial services industry, and changes in government regulations
General market fluctuations, industry factors and general economic and political conditions and events, including terrorist attacks, economic slowdowns or recessions, interest rate changes, credit loss trends or currency fluctuations, could also cause the Companyapstas stock price to decrease regardless of the Compa nyapstas operating results
In addition, the volume of trading in the Companyapstas stock is very limited and can result in fluctuations in prices between trades
The Company is a &quote controlled company &quote as defined by NASDAQ, with over 50prca of the stock held by the Chief Executive Officer, over 65prca held by two senior executives and fewer than 100 shareholders of record
As a result, senior management has the ability to exercise significant influence over the Companyapstas policies and business, and determine the outcome of corporate actions requiring stockholder approval
These actions may include, for example, the election of directors, the adoption of amendments to corporate documents, the approval of mergers, sales of assets and the continuation of the Company as a registered company with obligations to file periodic reports and other filings with the SEC