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General Obligation Bond (GO)
What is a 'General Obligation Bond - GO' A general obligation bond (GO) is a municipal bond backed by the credit and...
Gamma Pricing Model
What is 'Gamma Pricing Model' An equation for determining the fair market value of a European-style option when the price movement on...
Qualifying Ratios
What is 'Qualifying Ratios' A set of ratios that are used by lenders to approve borrowers for a mortgage. The borrower's front-end...
Leadership
What is 'Leadership' Leadership is the ability of a company's management to set and achieve challenging goals, take swift and decisive action,...
Wage-Price Spiral
What is 'Wage-Price Spiral' The wage-price spiral is a macroeconomic theory used to explain the cause-and-effect relationship between rising wages and rising...
Wal-Mart Effect
What is 'Wal-Mart Effect' The economic impact felt by local businesses when a large firm such as Wal-Mart opens a location in...
Wealth Tax
DefinitionA wealth tax is a levy on the total value of personal assets, including: bank deposits, real estate, assets in insurance and pension plans,...
Warehouse Receipt
DefinitionA warehouse receipt is a document that provides proof of ownership of commodities that are stored in a warehouse, vault, or depository for safekeeping....
Weak Dollar
What is a weak dollar and what are the effects
A weak dollar is when the value of the U.S. dollar decreases compared to other...
Great Recession
Definition
The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s. The scale and...