Tag: trade
Absentee Landlord
DefinitionIn economics, an absentee landlord is a person who owns and rents out a profit-earning property, but does not live within the property's local...
Investment
Investment refers to buying financial assets with the expectation of earning profit in the future. The underlying asset is purchased not for immediate consumption,...
Import
What is an 'Import' An import is a good or service brought into one country from another. The word "import" is derived...
Heavy
What is 'Heavy' A market that is demonstrating difficulty in advancing and is displaying a tendency to decline. A heavy market may...
Backorder Costs
What is 'Backorder Costs' A cost incurred by a business when it is unable to fill an order and must complete it...
John G. Drosdick
What is 'John G. Drosdick' A former chairman, CEO and president of petroleum company Sunoco. Drosdick led Sunoco to acquire nearly 300...
Japan Inc.
What is 'Japan Inc.' A nickname for the corporate world of Japan that came about during the 1980s boom, when Western business...
James E. Meade
DefinitionJames Edward Meade CB, FBA was a British economist and winner of the 1977 Nobel Memorial Prize in Economic Sciences jointly with the Swedish...
Jingle Mail
What is 'Jingle Mail' A situation where a homeowner mails his or her house keys to a mortgage lender due to an...
U.S. Treasury
What is the U.S. Treasury
The United States Department of the Treasury is the national treasury of the United States federal government. It was established...