JUSTIFIED WAGE
A wage level set for a job based on market dynamics and justified by the requisites according to the worker’s experience, skills, and education. Justified wage, higher than minimum wage, is a wage level enough to attract workers but low enough to offer employment to workers. The difference between a justified wage and minimum wage varies depending on several factors such as the economic condition and unemployment level.
POPULAR TERMS
Heath-Jarrow-Morton Model - HJM Model
HJM Model applies forward rates to an existing term structure of interest rates to determine appropriate prices for securities that are sensitive t ...
Countermove
Movement of a security’s price opposite to the current trend. It occurs following the original trend moves in the opposite direction but by a ...
Confusion of Goods
Mixture of similar products or properties of two or more parties, to the extent where identifying each party’s respective items is not possib ...
529 Plan
Plan designed to help parents in financing education expenses. It allows settling qualified higher education expenses at eligible educational insti ...
Debt Assignment
A transfer of debt, and all the rights and obligations associated with it, from a creditor to a third party. Debt assignment may occur with both in ...
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