LANDOMINIUM
A housing community in which the residents have both the housing units and the land where these units are built. A landominium is surrounded with amenities like golf course, gardens, parks, tennis court, club houses, man-made lakes, walking trails, and recreation activities. The homeowners’ association of a landominium community provides the following: maintenance, landscaping, and other services.
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Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
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Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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