MERTON MILLER
An American economist who was awarded the Nobel Memorial Prize in Economics in 1990, along with fellow American economists Harry Markowitz and William Sharpe, for their pioneering work on the Modigliani-Miller theorem. The theory states the connection between the firm’s worth and its debt-equity framework. Born in 1923, his research dealt on corporate finance and the economic and regulatory dilemma of the financial services industry.
POPULAR TERMS
Tag-Along Rights
Investment agreement provision protecting a minority stakeholder, normally in a venture capital deal. If a majority shareholder sells his or her st ...
Fiduciary
An individual who is legally appointed to hold assets in trust for another person. He or she manages the assets for the other person’s benefi ...
Coincident Indicator
Metric showing the current status of economic activity within a certain area. Indicators include employment, average weekly hours worked in manufac ...
Jumbo Loan
A mortgage with a loan amount that exceeds the conforming loan limits fixed by the Office of Federal Housing Enterprise Oversight (OFHEO). The agen ...
Form 4
A document that needs to be filed with the SEC when there is a material change in the company insiders’ holdings. Directors and officers of t ...
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