Term of the day
Interdistrict Settlement Account
Clearing account maintained by the Federal Reserve to facilitate fund transfers between 12 Federal Reserve Banks located across the country. This account is situated in Washington, D.C. and reserved only for the use of 12 membe ...
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Cash-Value Life Insurance
Life insurance policy which pays out upon the holder’s death and accumulates cash value over his lifespan. The policyholder may use the cash ...
An industry that has surpassed both the emerging and rapid growth industry phases. Market shares, earnings, and profits have slowed down in m ...
A hypothetical individual who acts and thinks rationally, and also has complete knowledge but has no self-interest to maximize personal utility. It ...
A practice that involves restructuring the terms of an existing loan in order to extend the repayment period. Debt rescheduling may mean a delay in ...
Financial instrument fabricated artificially by mimicking another instrument with the combined attributes of a pooled assets.
Finance for Individuals
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