TULIPMANIA
First major financial bubble in history. Investors started purchasing tulips, which pushed their prices to unprecedented highs. The average price of this flower outmatched the skilled worker’s annual income. Tulips sold for more than 4000 florins, the former official currency of the Netherlands. Many tulip holders became instantly bankrupt after prices suddenly collapsed.
POPULAR TERMS
Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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