ANNUAL CLEAN-UP
A practice in banking which obligates the borrower to dole out all the balances of any renewable lines of credit and maintain it at zero within 30 to 60 days or so. Even if the annual clean up is already a long-time tradition, it is starting to dwindle nowadays. The clean ups are not usually a requirement on secured credit lines.
Also referred to as the clean-up requirement.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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