Tag: economics
Keogh Plan
DefinitionKeogh plans are a type of retirement plan for self-employed people and small businesses in the United States. Keogh Plan What is the...
Target Firm
What is a 'Target Firm' A target firm is a company which is the subject of a merger or acquisition attempt. A...
War Chest
DefinitionThe Community Chests in the United States and Canada were fund-raising organizations that collected money from local businesses and workers and distributed it to...
Takeover
What is a 'Takeover' A takeover occurs when an acquiring company makes a bid in an effort to assume control of a...
Half-Life
What is 'Half-Life' Half-life represents a date in the future when half of the total principal of a mortgage-backed security (MBS) will...
Nakahara Prize
DefinitionThe Nakahara Prize is an annual award given by the Japanese Economic Association to Japanese economists under the age of 45 whose work has...
PPP
Quick Facts The PPP is Purchasing Power Parity Purchasing power parity is used by macro-economic analysts to compare different countries' currencies through a...
GDP Gap
DefinitionThe GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP. The calculation for the output...
X-Efficiency
What is 'X-Efficiency' X-efficiency is the degree of efficiency maintained by individuals and firms under conditions of imperfect competition. According to the...
Obligation Bond
What is 'Obligation Bond' A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated....