AMORTIZED BOND
It is a type of financial certificate that was reduced in value for record purposes in accounting statements. An amortized bond if considered as an asset, with the amount of the discount being amortized to expense of interest over the bond’s life. If a bond is acquired at a discount—meaning offered below its face value—the discount will be taken as expense or it can be an asset that is amortized.
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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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