CREDIT CYCLE
Cycle encompassing a borrower’s accessibility to credit. First, the cycle goes through periods when borrowers can easily obtain loans, characterized by lower interest rates and lending requirements, and higher available credit. Second, it is followed by contraction period where interest rates escalate and creditors impose tighter lending requirements, hence a decrease in the number of entities that can borrow. And lastly, risks are cut down for lenders that marks the beginning of this cycle.
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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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