A psychological phenomenon in which people do something mainly because others are doing it, regardless of their personal beliefs, which they may override or ignore. The bandwagon effect has broad implications, but is often visible in consumer behavior and politics. The phenomenon may also be visible during the growth of asset bubbles and bull markets.
This effect may also be referred as "herd mentality."
A mortgage contract provision that permits the seller of a home to transfer the responsibility to the buyer of the home for its existing mortgage. ...
Odd date is a type of due date for foreign-exchange contracts. Odd dates are neither fixed nor spot dates. They are normally unrelated and random d ...
Generally speaking, it is an incorrect or unsuitably match. In banking, it pertains to a situation in managing assets and liabilities. It happens w ...
Organic Reserve Replacement
It is the measure of reserves of a company by their own exploration and production, not by their purchase of reserves. When an oil company has a hi ...
Community Reinvestment Act - CRA
Act encouraging depository institutions to help meet credit needs of the community, specifically low and moderate income neighborhoods. Enacted in ...
Warning Signals of A Bad Advisor
Although naturally, a financial advisor's main role is to offer you the best strategies and options in handling your investments and funds, the ...
Retirement Without Savings – Is It Possible?
Retirement signals the end of earning a steady income. That is why financial advisers urge people to create their emergency fund. Unfortunately, a ...
Glossary. The Major Forex Market Terms.
Forex Foreign Exchange – a term meaning conversion operations – deals of currency market agents of exchanging the specified amounts of ...
Stress-Free Retirement Minus the Burden of Healthcare Expenses
Stress-Free Retirement Minus the Burden of Healthcare Expenses Among the conflicts faced by many retirees is the remarka ...
Real Estate Investing Minus the Heavy Price
Investing in a property can certainly be expensive, but undeniably advantageous as well. However, for those who do not have the ample amount of cap ...
SEE FOREX TUTORIAL
Ethical Investing: Knowing Human Rights and Workers` Rights
Ethical investors want to know how corporations treat people, specifically their workers. They depend on the UN Universal Declaration of Human Righ ...
The Concepts of Economics: Scarcity
To fully grasp the essence of what economics is, we must first understand the concept of scarcity along with the branches of study under economics ...
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
Principles of Trading: Record Keeping and Taxation
It is imperative for every trader to maintain a precise, organized, and latest trading-related records. Hence, traders should keep both hard and di ...
A Guide to Your Personal Income Tax: Basics
For many filing your personal income tax is one of the most frustrating things to do. However, by planning ahead and pacing yourself, doing your ta ...
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