Halo Effect What is the 'Halo Effect' The halo effect is a term used in marketing to explain the bias shown by customers toward certain products because of a favorable experience with othe

Intrinsic Value In the market of finance, the term intrinsic value can have two distinct meanings: Intrinsic value, is the difference between the strike price of the option and the underlyi

DefinitionIn economics, an implicit cost, also called an imputed cost, implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use a factor of p

DefinitionIn the Money is a comedy film starring The Bowery Boys. The film was released on February 16, 1958 by Allied Artists Pictures and is the forty-eighth and final film in the series.

DefinitionAn offering memorandum or offering circular is a type of prospectus for a bond or other security. Sometimes, this is also referred to as a prospectus, offering memorandum, or short

DefinitionIn international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such

Main Home What is 'Main Home' A term used by the Internal Revenue Service (IRS) to define the home a taxpayer has lived in most of the time during a given taxation year, or the only home a

Make-Or-Buy Decision What is a 'Make-Or-Buy Decision' A make-or-buy decision is the act of choosing between manufacturing a product in-house or purchasing it from an external supplier. In

DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amo

Rational Behavior What is 'Rational Behavior' A rational behavior decision-making process is based on making choices that result in the most optimal level of benefit or utility for the ind