ABSOLUTE AUCTION
A kind of auction wherein the highest bidder is awarded with the sale. Reserve price, which sets a minimum required bid for the item to be sold, do not exist on absolute auctions. Foreclosed properties maybe related as a type of absolute auction., wherein the foreclosed property is acquired by the winning bid. This is in contrast to a lender confirmation auction, wherein the bid must be approved by the lender first before the transaction will be completed.
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Tag-Along Rights
Investment agreement provision protecting a minority stakeholder, normally in a venture capital deal. If a majority shareholder sells his or her st ...
Fiduciary
An individual who is legally appointed to hold assets in trust for another person. He or she manages the assets for the other person’s benefi ...
Coincident Indicator
Metric showing the current status of economic activity within a certain area. Indicators include employment, average weekly hours worked in manufac ...
Jumbo Loan
A mortgage with a loan amount that exceeds the conforming loan limits fixed by the Office of Federal Housing Enterprise Oversight (OFHEO). The agen ...
Form 4
A document that needs to be filed with the SEC when there is a material change in the company insiders’ holdings. Directors and officers of t ...
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SEE FOREX TUTORIAL
Retirement Planning: The Significance of Retirement
Previously, we went through the overview of retirement. In this article, we will now explore its significance, before discussing how to map out a s ...
Buying a Home: Choosing the Best Location
The first consideration when buying a new house is choosing the place where you want to live, regardless if this will serve as an investment or upg ...
Getting to Know The Federal Reserve
The world’s largest economy in the world is the economy of the United States and running it, keeping it in check, and making sure that it doe ...
Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | Mid-Year Economic and Fiscal Outlook | ||
| 02:01 | Rightmove House Prices | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference | ||
| 06:30 | Tertiary Industry Index | Oct | |
| 09:00 | Wholesale Price Index | Nov |
