LEGATEE
A person who received all or a part of a deceased person’s estate or entity. It is more commonly known as a recipient or heir in the last will and testament. Legatee comes from the word "legacy", which means inheritance. The assets will automatically go to the state in the event an individual dies without a will and has no living relatives.
In case a legatee does not want to accept the inheritance, he or she can formally disown the assets within nine months of the testator’s (deceased person) death; unless the legatee is underage, which means he or she cannot disclaim until the age of majority.
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A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
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| 02:30 | PMI Manufacturing | Nov | |
| 02:30 | Company Operating Profits | 3 quarter | |
| 02:30 | ANZ Jobs Advertisements | Nov | |
| 03:45 | Markit Final Manufacturing PMI | Nov | |
| 07:30 | Commodity Prices | Nov | |
| 09:30 | Retail Sales | Oct | |
| 10:15 | PMI Manufacturing | Nov | |
| 10:45 | PMI Manufacturing | Nov | |
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