GARN-ST. GERMAIN DEPOSITORY INSTITUTIONS ACT
Law strengthening the financial stability of banks and other savings institutions to become more ready to compete in the money market, as well as ensuring the availability of home mortgage loans. Enacted in 1982, it scrapped the interest rate ceiling they used to abide, authorized them to make commercial loans, and enabled federal agencies to approve bank acquisitions.
POPULAR TERMS
Housing Bubble
A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
A call option for investors that has a price of 1 cent with an agreement to buy 1000 shares. This cannot be executed until its expiry. It works lik ...
Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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Digesting Financial Statements: Working Capital
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The Concepts of Economics: Scarcity
To fully grasp the essence of what economics is, we must first understand the concept of scarcity along with the branches of study under economics ...
Starting Your Own Small Business: Choosing What You Want to Sell
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Retirement Planning: Last-Minute Preparation
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