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Fat Cat
What is 'Fat Cat' A slang word used to describe executives who earn what many believe to be unreasonably high salaries and...
Target-Benefit Plan
DefinitionA target benefit plan is a type of pension plan that is similar to a defined contribution plan in that it involves fixed contributions,...
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JMD (Jamaican Dollar)
What is 'JMD' The currency abbreviation or the currency symbol for the Jamacian dollar (JMD), the currency for Jamaica. The currency is...
Lorenz Curve
What is the Lorenz Curve
The Lorenz curve is a graphical representation of the distribution of wealth or income. It was developed by American economist...
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Real Property and Personal Properties: Understanding the Differences
When it comes to the world of property law, it's essential to know the nuances between real property and personal properties. Both of these...
EBITDA – Earnings Before Interest, Taxes, Depreciation and Amortization
In the increasingly complex economy of the modern day, a measure of growth and production has become necessary for all aspects of market activities....
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How to Fast Track a Retirement Plan in Your Middle-Age
You’ve made one of the worst, but most common, financial mistake possible. You’ve been so busy working and raising a family for the past...
Make Whole Call (Provision)
What is a 'Make Whole Call (Provision)'
A make whole call provision is a sort of call provision on a bond that allows the bond...
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Takeout Value
What is 'Takeout Value' The estimated value of a company if it were to be taken private or acquired. A firm's takeout...
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