Category: Finance

Any loan that is considered to be an asset by a financial organization.

When a third party realizes a benefit, gained with no direct involvement and primarily through the transactions of another party, it is known as positive externality.

An agreement formed between a married couple, generally to provide specification regarding the division of assets in case the couple get separated or divorced.

Coming at a conclusion, or taking action after careful pondering.

Metals such as gold, iridium, platinum, rhodium, ruthenium, osium, silver, etc. Usually available in forms of bars, leaves, powders, wires, etc.

Any structure, or article that is created before being brought to the site where it is properly assembled, or installed thereafter.

An injunction granted before the trial has started, which states that the plaintiff will suffer extensive damage in case the injunction is not granted. Security must be posted with the court in

A clause included in certain policies, which grants the beneficiary a refund on the face amount of their policy, including all of the premiums that they have paid so far.

Usage of real estate or personal possessions in order to get creative financing by putting up the possessions as collateral is known as a package mortgage.

The amount that is paid to the health care providers is known as a paid claim. Usually, a health plan is required.

A set of different banks which make contributions to the EURIBOR, which constitutes the largest parties that contribute to the European Money market, regardless of the fact that most of the banks

A significant alteration of an individual’s, or a society’s view of how things behave in this world. For instance, a paradigm shift occurred when it was found that the sun is the

Regarded as one of the seven different tools used for primary quality control purposes, the Pareto chart is basically a bar graph that depicts different variances by the number of times that

Completion of an act that forms a portion of a contract. A generally accepted rule suggests that partial performance can be accepted, though the contract is not considered completed until full performance

A contract that becomes enforcable without the signing of any party. For instance, a contract to uphold the copyrights of a book are set in place as soon as the customer buys

The time period in which a person was employed and has provided his services, usually before his pension plan became active. Might result in the exclusion of employee benefits that were with

A decision that was given by the Supreme Court back in 1869, which excluded insurance from regulation by the federal government, since it was was not classified as commerce. However, the ruling

A ratio written as weeks of inventory purchases that are unpaid. Dependent upon the terms of credit provided by the suppliers, as well as the payment policies that have been set up

Payment usually made once the bill of exchange has matured, or after it. Usually done in good faith.

The unit of volume used traditionally for dry commodities. One peck is equal to 2 gallons.