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
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
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...