Tag: understanding

DefinitionDate certain is a legal term for the date on or by which the actions of a contract can be reasonably completed, and is...

What is 'U' A Nasdaq stock symbol specifying that the issue is in units. Explaining 'U' Nasdaq-listed securities have...

What is underinsurance and why do people buy it Underinsurance is insurance that does not cover the full value of an insured asset. For example,...

DefinitionCommon stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently...

DefinitionThe business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product around its...

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

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

DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...

What is 'Unannualized' A rate of return on an investment for a period other than one year. An unannualized return may be used to report...

What is 'Underlying Mortality Assumption' Projections of expected death rates used by actuaries to estimate insurance premiums and pension obligations. Underlying mortality...