Heath-Jarrow-Morton Model (HJM Model) What is 'Heath-Jarrow-Morton Model - HJM Model' A model that applies forward rates to an existing term structure of interest rates to determine appropr

Yearly Probability Of Dying What is 'Yearly Probability Of Dying' A numerical figure that depicts the likelihood of someone dying per year. The yearly probability of dying is determined by

Yearly Probability Of Living What is 'Yearly Probability Of Living ' A numerical figure that depicts the likelihood of someone living per year. The yearly probability of living is determi

DefinitionImplied Authority of Contract is a legal term. In contract law, it is the implied ability of an individual to make a legally binding contract on behalf of an organization, by way o

DefinitionNational treatment is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment, if a sta

Modern Economic Derivatives Modern economies often utilize a set of complex system of measurements. This is certainly true when it comes to the stock market and international trading. One of

Random Factor Analysis What is 'Random Factor Analysis' A statistical analysis performed to determine the origin of random data figures collected. Random factor analysis is used to deciphe

Random Variable What is a 'Random Variable' A random variable is a variable whose value is unknown or a function that assigns values to each of an experiment's outcomes. Random variables a

Quantitative Analysis What is 'Quantitative Analysis' Quantitative analysis refers to economic, business or financial analysis that aims to understand or predict behavior or events through

Qualitative Analysis What is 'Qualitative Analysis' Qualitative analysis is a securities analysis that uses subjective judgment based on unquantifiable information, such as management expe