DEGREES OF FREEDOM
It is the number of values in a study that are free to vary. Degrees of freedom are commonly discussed in relation to chi-square and other forms of hypothesis testing statistics. For example, if you have to take ten different courses to graduate, and only ten different courses are offered, then you have nine degrees of freedom. There are two types of chi square tests: the goodness-of-fit test and the test of independence.
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Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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