Tag: person

DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or...

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

What is bail bond and why do people need it Bail bonds are a type of surety bond that is posted on behalf of a...

What is 'Bag Man' Any person in charge of organizing, collecting and transporting money, generally in connection with illegal or illicit activities....

What is 'Bailment' The contractual transfer of possession of assets or property for a specific objective. In bailment, the deliverer of the...

What is Pareto Improvement Pareto Improvement is defined as a change to a situation which results in one person becoming better off without anyone else...

What is 'Paper Millionaire' An individual who has achieved a high net worth as a result of the large total market value...

What is 'Qualified Eligible Participant - QEP' An individual who meets requirements to trade in different investment funds, such as futures and...

What is a 'Quasi Contract' A quasi contract is an agreement between two parties without previous obligations to one another that has been created and...

What is 'Qualifying Relative' A federal income tax designation that allows a taxpayer to claim as a dependent someone for whom he or she provided...