MYRON S. SCHOLES
A Canadian-born American Economist and recipient of the 1997 Nobel Prize in Economics together with fellow economist Robert Merton for developing a new method to know the value of derivatives. Along with American Economist Fischer Black, they created the Black-Scholes equation, a model of determining fair prices of options. His research also focused on taxation and incentives.
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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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Featured Investment: The American Depository Receipt
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