Tag: definition

What is an implied contract An implied contract is a legally binding agreement between two parties that is not written or spoken, but is simply...

What is 'Implicit Rental Rate' The opportunity costs that a firm incurs as a result of using their own assets for ongoing...

What is 'Impound' An account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, private mortgage insurance and...

What is 'In-House' In-house refers to conducting an activity or operation within a company, instead of relying on outsourcing. A firm uses...

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

DefinitionAn individual retirement account is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in...

What is 'Illiquid Option' An option contract that cannot be sold for cash quickly at the prevailing market price. Illiquid options have...

What is implied authority and how can it help your business Implied authority is a legal concept that applies to businesses and other organizations. It...

What is 'Impaired Capital' 1. When a bank's actual assets are worth less than their stated value. When a bank has impaired...

What is 'Idiosyncratic Risk' Idiosyncratic risk, also referred to as unsystematic risk, is the risk that is endemic to a particular asset such as a...