ACTUARIAL SCIENCE
A type of discipline that evaluates financial risk in the finance and insurance fields with the use of statistical and mathematical methods. Actuarial science applies the mathematics of statistics and probability for the definition, analysis and solution of financial implications related to uncertain future events. The traditional actuarial science mostly revolves around around the analysis of the production and mortality of life tables, and the compound interest application.
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Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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