Tag: principles

Commodity

DefinitionIn economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the...

David Ricardo

DefinitionDavid Ricardo was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James...

Underlying Profit

What is an 'Underlying Profit' An underlying profit describes an actual reflection of a company's profit. The underlying profit is not the...

Uberrimae Fidei Contract

What is 'Uberrimae Fidei Contract' A legal agreement requiring the highest standard good faith. "Uberrimae fidei" or "uberrima fides" is Latin for...

Values

What is 'Values' The worth of a nonforfeiture clause that specifies that an insured party would receive the equity from a life...

Fair Value

DefinitionIn accounting and in most Schools of economic thought, fair value is a rational and unbiased estimate of the potential market price of a...

Assets

Any resource which has an economic value is termed as an asset. An asset is controlled by either an individual or an organization in...

Valuation

What is a 'Valuation' Valuation is the process of determining the current worth of an asset or a company; there are many...

Uncle Sam

What is 'Uncle Sam' A nickname dating back to 1812 used to refer to the U.S. government. The term is said to...

Key Money

DefinitionKey money is one of several forms of payment made to a landlord. The term has various meanings in different parts of the world....

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