DefinitionThe term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Aus

DefinitionIn statistics, observable variable or observable quantity, as opposed to latent variable, is a variable that can be observed and directly measured. Manifest Variable What is 'Mani

DefinitionTotal absorption costing is a method of Accounting cost which entails the full cost of manufacturing or providing a service. TAC includes not just the costs of materials and labour

Above-The-Line Costs What is 'Above-The-Line Costs' Costs incurred during the production of an advertising commercial that are associated with the creative side of it. These costs include

Absorbed Cost What is 'Absorbed Cost' The indirect costs that are associated with manufacturing. Absorbed costs include such expenses as insurance, or property taxes for the building in wh

Random Variable What is a 'Random Variable' A random variable is a variable whose value is unknown or a function that assigns values to each of an experiment's outcomes. Random variables a

Rate Anticipation Swap What is 'Rate Anticipation Swap' A type of swap in which bonds are exchanged according to their current duration and predicted interest rate movements. A rate antici

DefinitionIn statistics, a sampling distribution or finite-sample distribution is the probability distribution of a given random-sample-based statistic. If an arbitrarily large number of sam

Qualifying Annuity What is 'Qualifying Annuity' This type of annuity is similar to any other, except that it has been approved by the IRS for use within a Qualfied Retirement Plan or IRA.