What is 'Jingle Mail' A situation where a homeowner mails his or her house keys to a mortgage lender due to an inability to meet mortgage payment obligations and a lack of equity in the property. If...
DefinitionJerry Allen Hausman is the John and Jennie S. MacDonald Professor of Economics at the Massachusetts Institute of Technology and a notable econometrician. He has published numerous influential papers in microeconometrics. Hausman is the recipient of several prestigious awards...
DefinitionSir James Alexander Mirrlees is a Scottish economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in 1998. James A. Mirrlees What is 'James A. Mirrlees' An economist who won the...
What is 'Joint Bond' A bond that is guaranteed by a party other than the issuer. A joint bond is an issue which is essentially a liability to multiple parties. These parties may be both corporate entities...
What is 'Java'
Java is a programming language developed by Sun Microsystems. It is designed to have the ability to run across multiple operating systems and on various manufacturers’ architectures. The phrase “Write Once Run Anywhere” conveys the idea that...
What is joint ownership of property
Joint owned property refers to a situation in which two or more individuals own an asset together. There are several different types of joint ownership arrangements, each with its own advantages and disadvantages. The...
What is 'John R. Coomber' The CEO of U.K.-based Pension Corporation, a company that helps defined-benefit pension funds manage risk, and a former CEO of Zurich-based reinsurance company Swiss Re. Coomber has also been the owner, chairman...
What is 'Jim Cramer' Former hedge fund manager, columnist and author as well as host of CNBC's "Mad Money" and CBS radio's "Real Money". Cramer's claim to fame is his bombastic and 'in your face' behavior in...
Who is James Crosby?
James Crosby is a retired British banker who served as the chief executive of HBOS from 2000 to 2006. Born in Hampshire, Crosby attended Winchester College before studying economics at St John's College, Cambridge. After graduation,...
DefinitionJohn Stuart Mill, also known as J.S. Mill, was a British philosopher, political economist, and civil servant. One of the most influential thinkers in the history of liberalism, he contributed widely to social theory, political theory, and political economy....