INDIRECT LOAN
Any loan transferred from a dealer that involves a third party. A buyer of indirect loans, called holder, is entitled to take principal and interest payments in due course. For instance, an indirect loan is an automobile loan extended to a customer at a dealership which is then bought by the third party at a discount. The third party in this example never met the borrower but is given the privilege to get payments from the loan.
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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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