MISSION STATEMENT
A declaration used by a company to explain its purpose, written in simple and concise terms. This remains unchanged over time and serve a dual purpose by assisting employees to stay focused on the tasks at hand and encourage them to look for innovative ways of moving towards an escalating productive achievement of the firm’s goals. It is not uncommon for huge companies to spend many years and huge amounts enhancing and refining their mission statement, with many of these mission statements eventually become household phrases.
Also known as company mission, corporate mission, or corporate purpose.
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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
Voting Trust Certificate is a document issued by the limited-life trust of a corporation, which is created to limit the control of a corporation to ...
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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