A down payment is a type of payment made in cash during the onset of the purchase of an expensive good or service. The payment represents a percentage of the full purchase price; in some cases, it is not refundable if the deal falls through because
A W-shaped recovery refers to an economic cycle of recession and recovery that resembles the letter W in charting. A W-shaped recovery represents the shape of the chart of certain economic measures such as employment, gross domestic product (GDP),
Decreasing term insurance is renewable term life insurance with coverage decreasing over the life of the policy at a predetermined rate. Premiums are usually constant throughout the contract, and reductions in coverage typically occur monthly or
Hyperledger Burrow is one of the Hyperledger projects which operates as a permissioned Ethereum smart contract blockchain node. Its primary function is to execute the Ethereum smart contract programming code on a permissioned virtual machine.
Corporate citizenship involves the social responsibility of businesses and the extent to which they meet legal, ethical, and economic responsibilities, as established by shareholders. Corporate citizenship is growing increasingly important as both
A supplemental executive retirement plan (SERP) is a set of benefits that may be made available to top-level employees in addition to those covered in the company’s standard retirement savings plan.
A quote-driven market is an electronic stock exchange system in which prices are determined from bid and ask quotations made by market makers, dealers, or specialists. In a quote-driven market, also known as a price-driven market, dealers fill orders
Hypothesis testing is an act in statistics whereby an analyst tests an assumption regarding a population parameter. The methodology employed by the analyst depends on the nature of the data used and the reason for the analysis.
Options backdating is the process of granting an option that is dated before the actual issuances of the option. In this way, the exercise price of the granted option can be set at a lower price than that of the company’s stock at the granting
A vacation home is secondary dwelling, other than the owner’s principal residence, and is used primarily for recreational purposes including vacations or holidays. Also known as a recreational or secondary property or residence, a vacation home