Tag: 2013

Home Ownership by Country Underwater Mortgage Underwater mortgage is a mortgage loan whose balance is higher than the fair market value of the home....

What does 'Illiquid' mean Illiquid refers to the state of a security or other asset that cannot easily be sold or exchanged for cash without...

DefinitionJames McGill Buchanan Jr. was an American economist known for his work on public choice theory, for which he received the Nobel Memorial Prize...

What is 'Japan Inc.' A nickname for the corporate world of Japan that came about during the 1980s boom, when Western business...

DefinitionJames Edward Meade CB, FBA was a British economist and winner of the 1977 Nobel Memorial Prize in Economic Sciences jointly with the Swedish...

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...

DefinitionThe National Bank Surveillance System is a computerized, off-site monitoring system developed by the U.S. Office of the Comptroller of the Currency "to assist...

Simply put: Equity = Assets – Liabilities However, since there are a number of different types of assets, this definition cannot encompass them all...

DefinitionEconomic efficiency is, roughly speaking, a situation in which nothing can be improved without something else being hurt. Depending on the context, it is...

What is 'B-Note' The secondary tranche in a commercial mortgage-backed security. B notes are a component of A/B financing or A/B/C financing. They have a...