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Absolute Advantage

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

Call Provision

Call Provision What is a 'Call Provision' A call provision is a provision on a bond or other fixed-income instrument that allows...

Credit Cards

Credit Cards By definition, credit cards are released by financial companies that allow the customer or holder with the choice of borrowing funds, at...

Qualified Opinion

Qualified Opinion What is a 'Qualified Opinion' A qualified opinion is a statement issued after an audit is done by a professional...

Variable Overhead

Variable Overhead What is a 'Variable Overhead' Variable overhead is the indirect cost of operating a business, which fluctuates with manufacturing activity....

Failure To Deliver

DefinitionIn finance, a failure to deliver is the inability of a party to deliver a tradable asset, or meet a contractual obligation. A typical...

General Partnership

DefinitionIn most countries, a general partnership is an association of persons or an unincorporated company with the following major features... General Partnership What...

Credit Card

DefinitionA credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on...

Back Of The Napkin Business Model

Back Of The Napkin Business Model What is 'Back Of The Napkin Business Model' A slang term that refers to the representation...

Law Of Supply

DefinitionThe law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in...

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