Tag: individual
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...
Realization Multiple
What is a 'Realization Multiple' A realization multiple is a private equity measurement that values the return paid to an investor. The...
Rational Choice Theory
DefinitionRational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic...
Roth IRA
Roth IRA can be defined as a tax advantage retirement account. It is offered by the U.S. government. This account includes stocks, bonds, Certificate...
Salary Reduction Simplified Employee Pension Plan (SARSEP)
What is 'Salary Reduction Simplified Employee Pension Plan - SARSEP' A plan offered by small companies - typically those with fewer than...
Savings Incentive Match Plan For Employees Of Small Employers (SIMPLE)
What is 'Savings Incentive Match Plan For Employees Of Small Employers - SIMPLE' A retirement plan that may be established by employers,...
Bad Check
What is 'Bad Check' A check drawn on a nonexistent account or on an account with insufficient funds to honor the check...
Bailment
What is 'Bailment' The contractual transfer of possession of assets or property for a specific objective. In bailment, the deliverer of the...
Bad Debt
What is bad debt and how does it affect your credit score
Most people are familiar with the term "bad debt." Generally, bad debt is...
Paradox Of Thrift
DefinitionThe paradox of thrift is a paradox of economics. The paradox states that an increase in autonomous saving leads to a decrease in aggregate...