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.
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Swiss National Bank
Independent central bank responsible for Switzerland’s monetary policy and issuing Swiss franc banknotes. Cantons (states) and state-owned ba ...
Emigration
Relocating people within a country to live elsewhere. People emigrate for several reasons such as improving the quality of life and escalating a pe ...
Forward Forward
An agreement between 2 parties to engage in a loan transaction in the future. The lender will lend the borrower funds on a specified future date, a ...
Bond Yield
Amount of return generated from a bond. It is computed by dividing the interest paid by its current market price. Nominal yield is the most common ...
Stuffing
Act of selling undesirable securities from the broker-dealer’s account to their clients. Brokers-dealers seek to avoid taking losses from sec ...
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