8 Results for Tag: agents

Real Estate Agent

DefinitionA real estate broker or real estate salesperson is a person who acts as an intermediary between sellers & buyers of real estate/real property. Their mission is to complete a transa

Rational Expectations Theory

DefinitionIn economics, "rational expectations" are model-consistent expectations, in that agents inside the model are assumed to "know the model" and on average take the model's predictions

Real Estate Short Sale

Real Estate Short Sale What is a 'Real Estate Short Sale' A real estate short sale is any sale of real estate that generates proceeds that are less than the amount owed on the property. A

Bail Bond

Bail Bond What is 'Bail Bond' A written promise signed by a defendant and surety to ensure that a criminal defendant will appear in court at the scheduled time and date, as ordered by the

Calculation Agent

Calculation Agent What is 'Calculation Agent' An entity that determines the price of an investment product such as a swap. A calculation agent calculates the value of a derivative or the a

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 telecommunic

Economic Equilibrium

DefinitionIn economics, economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variable

Radner Equilibrium

Radner Equilibrium What is 'Radner Equilibrium' A theory suggesting that if economic decision makers have unlimited computational capacity for choice among strategies, then even in the fac