An unfinished trust, missing instructions for the trustor. Known also as imperfect trust or incompletely constituted trust. Refer to executed trust.

Price of an option allowing call or put. The buyer must pay this price to the option writer in a call option. The writer of the option must pay this price to

A blank, noticeable space between price bars on a stock-price chart. A sudden price spike from panic buying or selling when a trend approaches a reversal point can cause this gap. Refer

National Association of Realtors issues this monthly report tracking sales of existing homes. It is released around the 25th of each month. The comparisons can be month-to-month, or for a particular month

An expense or penalty a consumer pays to a vendor for terminating an existing agreement. Typically done to gain some advantage by engaging another vendor or supplier. An example is the switching

A manager’s opportunity to obtain frank, perhaps biased, commentary of the good, bad, and ugly reasons on why a terminating employee is leaving this employment. Planned as a formal meeting.

The right to terminate. Triggered by documented conditions. Usually a documented event based on specific criteria. An example is the termination of a project before completion because technology being used has become

Airplane seat(s) next to an emergency exit doors. Requires the seating of one or more able persons who can handle the doors. Usually positioned over the wings.

Planned, condition-triggered timing for an investor to divest the assets and investment involved in the strategy, and this exit. It can be a planned buyout arrangement or cashing out of a startup

A document showing the authorization and permission given to the holder by the appropriate authorities for entering .

External factors in a model, organism, organization, or system cause this type of condition. Contrast to endogenous.

LIQUIDITY and LIQUIDITY RISK that relate to an entire industry or national system, and are not confined to, or significantly influenced by, a single firm and its actions. See also ASSET LIQUIDITY

An external, independent variable having affect on a model, but not affected by the model. The model builder specified the variable but set no qualitative characteristics or value generation method. An exogenous

To lift, remove the stain of being called out for blame, liability, or punishment. It is more that just freeing an accused person of the responsibility for a criminal or otherwise illegal

A statement of self-identification and intent by the grantor in the opening clause of a will. The grantor introduces him/herself as the person whose will this is, identifies his/her residence at the

A currency that is not widely used in international trade and financial transactions and is thinly traded in the FOREIGN EXCHANGE markets; the general lack of LIQUIDITY can result in increased price

Synonymous to scaling. Computer system characteristic that is the ability to increase capability while retaining or increasing response time and throughput performance. Such a system can accommodate additions to its capacity and

Allows a more detail view of owner equity in a company. One calculates by subtracting liabilities and asset value remove from the company by this owner from total revenue to-date since ownership

Computer bus that either has additional slot to plug in more devices, or is a bus that plug into a bus to provide additional slots. that adds more expansion slots to its

Latter-staged portion of a business cycle expansion experiencing a short run equilibrium real production being greater than the fullemployment real production. The equilibrium real production occurs in the shortrun aggregate market. Fullemployment