BELOW FULL EMPLOYMENT EQUILIBRIUM
A term in macroeconomic used to characterize a status where an economy's real GDP or gross domestic product in a short-run is at present lower compared to the similar economy's long-run potential real GDP. In this situation, there is a recessionary gap between the two levels of GDP (computed by the difference between current GDP and potential GDP) that would have been produced had the economy been in long-run equilibrium.
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Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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