EMISSIONS REDUCTION PURCHASE AGREEMENT - ERPA
Transaction that occurs when carbon credits are transferred between two parties under the Kyoto Protocol. The purchaser will pay the seller a specific amount in return for carbon credits. Thus, the buyer is permitted to emit more carbon dioxide into the atmosphere. The International Emissions Trading Association outlines the standards.
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Multi-Level Marketing
A strategy used by certain direct sales companies in order to encourage their existing distributors to bring in new distributors by giving the exis ...
Reintermediation
Individuals withdrawing funds from non bank investments such as real estate and depositing into bank and depository financial-institution accounts. ...
Bellwether Stock
A stock that is perceived to be a popular sign of the direction of industry, sector or market as a whole. These stocks are usually used to know the ...
Voluntary Reserve
Voluntary Reserve is a monetary reserve voluntarily held by insurance companies.
Thomas C. Schelling
American economist and professor who received the 2005 Nobel Memorial Prize in Economics, along with American mathematician Robert J. Aumann. He di ...
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