LOAN CONSTANT
An interest factor used to compute the debt service of a loan. To get the loan constant, divide the monthly loan payment (sum of the interest and principal) by the remaining principal in the loan. It can be used to compare the real cost of borrowing. Given the two loans options, generally, the borrower will opt for the loan with lower loan constant, since it will have lower debt service requirement.
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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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