ZOMBIE BANK
Zombie Bank refers to a bank or any financial institution that has a net worth below zero. It usually has a lot of non-performing assets on its balance sheet, thus making future earnings difficult to gauge. However, despite having a negative net worth, a zombie bank still manages to operate due to government backings. These backings or bailouts allow such bank to escape bankruptcy and continue to meet debt obligations.
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Liquidated Damages
The provision in a written agreement or legal contract that allows paying the total amount of compensation in the event a party breaches some part( ...
Uptrend
Uptrend is the general upward direction of a financial assets’ price movement. If the successive peak and trough is higher than the previous ...
Dogecoin
Decentralized, peer-to-peer open source virtual currency under the category of altcoins. Introduced in 2013, the cryptocurrency’s logo is a S ...
Debt Relief
The reorganization of debt in any shape or form, so as to provide the indebted party with a measure of relief, either fully or partially, from a hu ...
International Currency Exchange Rate
Rate at which two currencies can be converted to another. It reflects the amount of one unit of a currency that can be exchanged for another curren ...
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| 07:00 | Consumer Confidence | Sep | |
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