ABILITY-TO-PAY TAXATION
A taxation in a form of a progressive tax. The principle of ability-to-pay in taxation states that taxes should be levied in accordance to the taxpayer's capability to pay. This progressive taxation approach puts additional tax burden on corporations, companies,trust and certain estates, partnerships, and individuals with higher incomes. The theory that relies within this concept is that individuals who earn more money have the capability to pay more in taxes.
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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 ...
Mature Industry
An industry that has surpassed both the emerging and rapid growth industry phases. Market shares, earnings, and profits have slowed down in m ...
Economic Man
A hypothetical individual who acts and thinks rationally, and also has complete knowledge but has no self-interest to maximize personal utility. It ...
Debt Rescheduling
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 ...
Synthetic
Financial instrument fabricated artificially by mimicking another instrument with the combined attributes of a pooled assets.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Apr | |
| 08:30 | Producer & Import Prices | May | |
| 11:00 | Industrial Production | Apr | |
| 14:30 | Manufacturing Shipments | Apr | |
| 15:30 | Leading Indicators | Apr | |
| 00:45 | Food Price | May | |
| 03:30 | Monetary Policy Meeting Minutes | ||
| 03:30 | House Price Index | 1 quarter | |
| 06:30 | Tertiary Industry Index | Apr |
