COMPOUND INTEREST
Interest generated on the initial principal plus accumulated interest earned previously from a deposit or loan. Can be seemed as interest on interest, it will make a deposit or loan grow at a faster rate than simple ones. The rate of this interest depends on the frequency of compounding. The greater the frequency of compounding periods, the higher the compounding interest.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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