Tag: flashcards

Hardening

What is 'Hardening' 1. A term used to describe a price of commodity or futures contracts that is gradually stabilizing. ...

Implied Warranty

DefinitionIn common law jurisdictions, an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale...

Absolute Interest

What is 'Absolute Interest' Total and complete ownership of an asset or property. An individual with an absolute interest has both a...

Absolute Advantage

DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or...

Safekeeping

What is 'Safekeeping' Safekeeping is the storage of assets or other items of value in a protected area. Individuals may...

Saturday Night Special

What is 'Saturday Night Special' An obsolete takeover strategy where one company attempted a takeover of another company by making a sudden...

Scarcity Principle

The Scarcity Principle, like other principles of economics, comes from the principles of psychology and behavioral sciences. As per the simplest definition, it states...

Call Provision

What is a 'Call Provision' A call provision is a provision on a bond or other fixed-income instrument that allows the original...

Callable Common Stock

What is 'Callable Common Stock' A security that represents ownership in a corporation that has voting rights, whose owners are last to...

Credit Cards

By definition, credit cards are released by financial companies that allow the customer or holder with the choice of borrowing funds, at the point...

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