BEACON SCORE
A unit count produced by the Equifax Credit Bureau to classify an individual's credit-capacity. Figure out through a complex algorithm are the credit scores or also called as beacon scores. These scores tell the lender the possibility of the borrower to repay the loan. The Beacon score was changed with the Pinnacle score, when NextGen FICO scores begun its used.
Numerical criteria associated in computing a Beacon score can contain latest account of debts, duration of an account, late payments and kinds of credit and new applications for credit.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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