What is ‘Unbundled Life Insurance Policy'
An unbundled life insurance policy is a type of insurance policy and planned financial protection that offers money to the insurance policy's beneficiaries when the policyholder dies, as the unbundled life insurance policy has...
What is 'Callable Certificate Of Deposit' An FDIC insured certificate of deposit (CD) that contains a call feature similar to other types of callable fixed-income securities. Callable CDs can be redeemed (called away) by the issuing bank...
DefinitionA jobless recovery or jobless growth is an economic phenomenon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment. The term was coined by the economist Nick Perna in the early 1990s. Jobless Recovery...
DefinitionJohn T. Dillon, is the retired chairman and chief executive officer of International Paper. John T. Dillon What is 'John T. Dillon' A former president, chairman and CEO of International Paper Co., a plywood, paper, pulp, packaging...
What is 'James Tobin' An American economist who won the Nobel Memorial Prize in Economics in 1981 for his analysis of financial markets and specifically for his development of portfolio-selection theory, which describes how investors mitigate risk...
What is 'James D. Slater' A renowned investment author in Britain, who wrote a Sunday column in London's The Sunday Telegraph under the pen name "The Capitalist". Slater was also a major figure in corporate takeovers, and...
DefinitionThe Jarrow–Turnbull credit risk model was published by Robert A. Jarrow of Kamakura Corporation and Cornell University and Stuart Turnbull, currently at the University of Houston. Many experts in financial theory label the Jarrow–Turnbull model as the first "reduced-form"...
A non-investment grade or high yield bond is referred to as a junk bond. As the name suggests, these bonds have a credit rating of BB or low, and are fixed income instruments. They may carry a rating even...
DefinitionWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be... Joint And Several Liability What is 'Joint And Several Liability ' Joint and...
What is 'John G. Drosdick' A former chairman, CEO and president of petroleum company Sunoco. Drosdick led Sunoco to acquire nearly 300 gas stations and purchase a chemical company and a refinery; the company also shut down...