Tag: islamic

Joint and Several Liability in Business In most common law legal systems, two or more people can be jointly liable for a single liability. Joint...

DefinitionThe National Bank Surveillance System is a computerized, off-site monitoring system developed by the U.S. Office of the Comptroller of the Currency "to assist...

DefinitionThe time value of money is the greater benefit of receiving money now rather than later. It is founded on time preference. Time Value...

What is Lead Bank and how does it work A lead bank is a financial institution that acts as the coordinator for a syndicated loan....

What is 'Late Majority' The last sizable segment of a population to adopt an innovative technology. The late majority accounts for roughly...

What is 'Layered Fees' Two sets of management fees that are paid by an investor for the same group of assets. This...

What is 'Law Of 29' A belief held by some marketers that on average a prospective customer will not purchase a good...

The current state of the economy The current state of the economy is a mixed bag. On the one hand, unemployment rates are at historic...

What is 'X-Efficiency' X-efficiency is the degree of efficiency maintained by individuals and firms under conditions of imperfect competition. According to the...

What is 'Y-Share' A class of mutual fund shares that often has a high minimum investment, such as $500,000 per lot, and...