ABSOLUTE AUCTION
A kind of auction wherein the highest bidder is awarded with the sale. Reserve price, which sets a minimum required bid for the item to be sold, do not exist on absolute auctions. Foreclosed properties maybe related as a type of absolute auction., wherein the foreclosed property is acquired by the winning bid. This is in contrast to a lender confirmation auction, wherein the bid must be approved by the lender first before the transaction will be completed.
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Foam The Runway
A term indicating the last-minute infusion of cash into a company about to go bankrupt. Airports foam runways prior to an imminent crash landing to ...
Soft Commodity
Soft commodities are commodities that are, in general, grown and not mined. Examples of soft commodity include fruit, cocoa, sugar, and coffee. ...
Blanket Insurance
Liability insurance which covers more than one property within the same location, same property at different locations, or multiple properties at m ...
American Taxpayer Relief Act of 2012
Act averting the tax aspect of the fiscal cliff by preventing several tax breaks from maturing as scheduled. It also ...
Present Value Of An Annuity
It refers to the discount amount of a dividend payment over the stock or bond’s term.
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Featured Investment: Annuity
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Investments are what trading is all about. And knowing about the various a ...
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