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Keynesian Economics

DefinitionKeynesian economics are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate d

Kiosk

Kiosk What is 'Kiosk' A kiosk is a small, temporary, stand-alone booth used in high-traffic areas for marketing purposes. A kiosk is usually manned by one or two individuals who help attra

Health Maintenance Organization (HMO)

DefinitionIn the United States, a health maintenance organization is a medical insurance group that provides health services for a fixed annual fee. It is an organization that provides or ar

Years Certain Annuity

Years Certain Annuity What is 'Years Certain Annuity' An insurance product that pays the holder a monthly income for a specified number of years. A years certain annuity is similar to othe

Incentive Trust

DefinitionIn American estate planning parlance, an incentive trust is a trust designed to encourage or discourage certain behaviors by using distributions of trust income or principal as an

In Sight

In Sight What is 'In Sight' A term describing deliverable grades of commodities underlying futures contracts that are held in approved delivery facilities near terminals, centralized locat

National Foundation For Consumer Credit (NFCC)

National Foundation For Consumer Credit (NFCC) What is 'National Foundation For Consumer Credit - NFCC' A non-profit organization that seeks to educate consumers about credit and borrowing

Offer In Compromise

DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax debt to negotiate a settle

Natural Capital

DefinitionNatural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free

Over the Counter Trading

DefinitionOver-the-counter or off-exchange trading is done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exch
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