Tag: loan
Obligation
What is an 'Obligation' An obligation in finance is the responsibility to meet the terms of a contract. If an obligation is...
Haircut
What is a 'Haircut' A haircut is the difference between prices at which a market maker can buy and sell a security....
Kaizen
Definition
Kaizen, is the Japanese word for "improvement". In business, kaizen refers to activities that continuously improve all functions and involve all employees from the...
AAA
What is 'AAA' AAA is the highest possible rating assigned to an issuer's bonds by credit rating agencies. An AAA-rated bond has...