Tag: finance
Macaulay Duration
What is The 'Macaulay Duration' The Macaulay duration is the weighted average term to maturity of the cash flows from a bond....
PL Statement
Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for Accessibility Further Reading Financial ratios as a means of forecasting bankruptcy - www.jstor.org Testing...
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...
Tail Risk
DefinitionTail risk is the additional risk of an asset or portfolio of assets moving more than 3 standard deviations from its current price, above...
Zero Balance Account (ZBA)
What is a 'Zero Balance Account - ZBA' A zero balance account (ZBA) is a checking account in which a balance of...
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....