JUNIOR COMPANY
A small firm that is developing or looking at refining a natural resource deposit or field at present. First, a junior company will conduct a resource study and give the results either to stakeholders or to the public at large to prove there are available assets. Oftentimes, developing natural resources is a capital-intensive step. If the outcome is positive, the firm will either increase capital or aim to be acquired by a bigger entity. Junior companies are mostly seen in commodity exploration.
POPULAR TERMS
Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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