EVENT OF DEFAULT
Action or circumstance pressing the lender to demand the entire repayment of an outstanding balance sooner than its original due payment. In many cases, the lender will entail a contract provision encompassing events of default to guard itself in the event the borrower fails or refuses to continue the loan payment the loan in the future. It enables the lender to seize any collateral and sell it to recover the loan.
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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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