LEGAL TENDER
Denomination of a country’s currency, recognized by law, that can be accepted as a financial obligation payment or a medium for commercial exchange. Usually, all denominations of the circulating paper money is a legal tender in every country. A creditor is mandated to accept legal tender as a debt payment. This can only be released by an authorized national body such as the US Treasury in the United States of America, and Royal Canadian Mint in Canada.
Also refers to as lawful money.
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Specific-Shares Method
Specific-shares method is a personal financial accounting whose purpose is to cut down realized capital gains for multiple stock or mutual fund pur ...
Voting Trust Certificate
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Sample Selection Bias
Sample Selection Bias is a type of bias resulting from the selection of non-random data meant for statistical analysis.
Combined Loan to Value Ratio - CLTV Ratio
Ratio determining the default risk of a potential homebuyer if he would purchase a home using multiple mortgages. In general, creditors are willing ...
Contagion
Possibility a significant economic changes in a country will spread to other nations. It pertains to the spread of either an economic boom or econo ...
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