Tag: unit

Yearly Price Of Protection Method

What is 'Yearly Price Of Protection Method' A method used in actuarial analysis, which is often used in the insurance industry. The...

Immediate Credit

What is 'Immediate Credit' The Federal Reserve practice of "clearing" checks deposited by member banks on the same day they're deposited. This...

Identity Theft

DefinitionIdentity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other...

Identity Fraud Reimbursement Program

What is 'Identity Fraud Reimbursement Program' A financial product that offers reimbursment for the costs associated with having been a victim of...
National Income Accounting

National Income Accounting

What is National Income Accounting National income accounting is used to track a country's economic activity and growth. It measures the total value of all...
Oligopsony

Oligopsony

What is an oligopsony and what are the effects on sellers An oligopsony is a market structure in which there are only a few buyers....

Make-Or-Buy Decision

What is a 'Make-Or-Buy Decision' A make-or-buy decision is the act of choosing between manufacturing a product in-house or purchasing it from...

Abatement Costs

What is 'Abatement Cost' A cost borne by many businesses for the removal and/or reduction of an undesirable item that they have...

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...

Abnormal Spoilage

What is 'Abnormal Spoilage' The waste or wrecking of inventory beyond what is expected in normal business processes. Abnormal spoilage can be...

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