What is 'Pass-Through Security' A pass-through security is a pool of fixed-income securities backed by a package of assets. A servicing intermediary...
What is imperfect competition and why does it exist
Imperfect competition is a type of market structure where there are not enough buyers or sellers...
DefinitionA with-profits policy or participating policy is an insurance contract that participates in the profits of a life insurance company. The company is often...
DefinitionThe paradox of thrift is a paradox of economics. The paradox states that an increase in autonomous saving leads to a decrease in aggregate...
DefinitionThe Paris Club is a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment...
DefinitionPenny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share....