Lagging Indicator
What is a 'Lagging Indicator' A lagging indicator is a measurable economic factor that changes only after the economy has begun to follow a particular pattern or trend. It is often a technical indicator that trails the price action of an underlying asset, and traders use it to generate transaction signals or confirm the strength of a...
Short Position
DefinitionIn finance, a short sale is the sale of an asset that the seller does not own. The seller effects such a sale by borrowing the asset in order to deliver it to the buyer. Subsequently, the resulting short position is "covered" when the seller repurchases the asset in a market transaction and delivers the purchased asset to the...
Tangible Cost
What is ‘Tangible Cost' A quantitative expense that can be traced back to a specific source or item. Tangible costs are expenditures incurred as a result of activities such as acquiring materials, paying staff, and renting equipment. Explaining ‘Tangible Cost' A lot of the time, tangible costs are connected with products that also have accompanying intangible costs. An intangible cost is a...
Dealer
What is a 'Dealer' A dealer is a person or firm in the business of buying and selling securities for their own account, whether through a broker or otherwise. A dealer is defined by the fact that it acts as principal in trading for its own account, as opposed to a broker who acts as an agent...
Underinsured Motorist Coverage Limits Trigger
What is 'Underinsured Motorist Coverage Limits Trigger' One of the two triggers that can be specified by an insured party to protect against losses caused by an accident with a driver who has insufficient insurance. The underinsured motorist coverage limits trigger ensures that in the event of an accident caused by a driver with inadequate insurance, the...
Kazakhstan National Fund
DefinitionThe government of Kazakhstan created the National Fund of the Republic of Kazakhstan in 2000 in order to manage oil revenue more effectively. Tax revenues from certain oil and gas companies accumulate this fund. The list of oil and gas companies updated by the government of Kazakhstan. Kazakhstan National Fund What is 'Kazakhstan National Fund' The Kazakhstan...
Vendor Take-Back Mortgage
Home Ownership by Country Vendor Take-Back Mortgage What is a 'Vendor Take-Back Mortgage' A vendor take-back mortgage is a type of mortgage in which the seller offers to lend funds to the buyer to help facilitate the purchase of the property. The take-back mortgage often represents a secondary lien on the property, as most buyers will have...
Last Mile
DefinitionThe last mile or last kilometer is a colloquial phrase widely used in the telecommunications, cable television and internet industries to refer to the final leg of the telecommunications networks that deliver telecommunication services to retail end-users. More specifically, the last mile refers to the portion of the telecommunications network chain that physically reaches the end-user's premises. Examples are...
Leakage
What is a 'Leakage' Leakage is a situation in which capital, or income, exits an economy or system rather than remaining within it. In economics, leakage refers to outflow from a circular flow of income model. In a two-sector model exhibiting a circular flow, all individual income is sent back to employers when goods and services are...
Lawful Money
What is 'Lawful Money' Gold coins, silver coins, Treasury notes, and Treasury bonds are all examples of currency that is not issued by the Federal Reserve System but rather by the Treasury Department of the United States. Lawful money differs from fiat money, which is money that has been assigned value by the government despite the fact that it has...