A wet loan is a mortgage in which the funds realize at—or with the completion of—a loan application. Submission of other required documentation for closing the property, such as surveys and title searches, happens after the dispersion of funds.
An offtake agreement is an arrangement between a producer and a buyer to purchase or sell portions of the producer’s upcoming goods. An offtake agreement is normally negotiated prior to the construction of a production facility—such as a mine
A long straddle is an options strategy where the trader purchases both a long call and a long put on the same underlying asset with the same expiration date and strike price. The strike price is at-the-money or as close to it as possible. Since calls
Next of kin refers to a person’s closest living blood relative. The next-of-kin relationship is important in determining inheritance rights if a person dies without a will and has no spouse and/or children. The next of kin may also have responsibilities
The transfer on death designation lets beneficiaries receive assets at the time of the person’s death without going through probate. This designation also lets the account holder or security owner specify the percentage of assets each designated
Baby boomer is a term used to describe a person who was born between 1946 and 1964. The baby boomer generation makes up a substantial portion of the world’s population, especially in developed nations. It represents nearly 20% of the American
The World Economic Forum (WEF) is an international organization headquartered in Geneva, Switzerland that brings together its membership on a yearly basis to discuss major issues concerning the world political economy. These include but are not limited
Serial correlation is the relationship between a variable and a lagged version of itself over various time intervals. Repeating patterns often show serial correlation when the level of a variable affects its future level. In finance, this correlation
Branch accounting is a bookkeeping system in which separate accounts are maintained for each branch or operating location of an organization. Typically found in geographically dispersed corporations, multinationals and chain operators, it allows for
HODL is a term derived from a misspelling of hold that refers to buy-and-hold strategies in the context of bitcoin and other cryptocurrencies.