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Lapping Scheme

What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...

Economic Derivative

What is an 'Economic Derivative' An economic derivative is a relatively new form of derivative contract (the first ones were traded in...
obligor

Obligor

What is an obligor An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term...

FICO Score

FICO score is one to the measures that are used by the lenders to assess the credit risk of an applicant, and then decide...

GBP

What does 'GBP' mean GBP is the abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories of...

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