Tag: individuals

Health Insurance Portability And Accountability Act (HIPAA)

What is 'Health Insurance Portability And Accountability Act - HIPAA' An act created by the U.S Congress in 1996 that amends both...

Health Insurance

DefinitionHealth insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over...

Individual Retirement Account – IRA

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

Office Of Foreign Asset Control (OFAC)

What is 'Office Of Foreign Asset Control - OFAC' A department of the U.S. Treasury that enforces economic and trade sanctions against...

Accredited Investor

DefinitionAn accredited or sophisticated investor is an investor with a special status under financial regulation laws. The definition of an accredited investor, and the...

Rational Behavior

What is 'Rational Behavior' A rational behavior decision-making process is based on making choices that result in the most optimal level of...

Sample Selection Bias

DefinitionIn statistics, sampling bias is a bias in which a sample is collected in such a way that some members of the intended population...

Satisficing

DefinitionSatisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met. The term satisficing,...

Back Taxes

DefinitionBack taxes is a term for taxes that were not completely paid when due. Typically, these are taxes that are owed from a prior...
balance of payments

Balance Of Payments (BOP)

What is the Balance of Payments (BOP)? The balance of payments (BOP) is an accounting record of all monetary transactions between a country and the...

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