LICENSING AGREEMENT
A written agreement entered by the contractual owner of a property or activity, that allows the licensee to use or engage in an activity in relation to the said property. The property can be real, intellectual, or personal. There are some considerations, laid out in the contract, between the licensor and the licensee. Also, it specifies the scope of the licensee and whether it is exclusive or nonexclusive. It may be intangible, but the agreement is of significant importance in industries like technology, publishing, and biotechnology.
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Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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Students, How Much Can You Afford to Borrow?
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