Tag: consumer

DefinitionThe Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into United States federal law by US President Barack Obama on July 21,...

DefinitionA police raid is a visit by police or other law enforcement officers often in the early morning or late at night, with the...

Deflation is the opposite of the term inflation; deflation is a well-known economic term that is used to describe a period in which the...

DefinitionIn economics, the excess burden of taxation, also known as the deadweight cost or deadweight loss of taxation, is one of the economic losses...

DefinitionDebt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a...

What is 'Day Loan' A temporary transfer of funds from a bank to an individual broker or a brokerage firm that is...

DefinitionA deadweight loss, also known as excess burden or allocative inefficiency, is a loss of economic efficiency that can occur when equilibrium for a...

DefinitionIn underconsumption theory in economics, recessions and stagnation arise due to inadequate consumer demand relative to the amount produced. It means that there is...

DefinitionThe underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by...

DefinitionA credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on...