JOINT AND SEVERAL LIABILITY
An obligation of multiple parties to be liable for the same act or event and be responsible for all the restitution required. In joint and several liability, an individual who was harmed or wronged by many parties could be rendered damages and collect from anyone, several, or all of the responsible parties. The liable parties are obligated to settle the entire damage award, which could be divided among multiple parties or come from one party. Each party would be liable for part or all of the damages.
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Russian Ruble
The abbreviation for the currency of Russia, the Russian ruble.
Interest Rate
The amount charged by a lender to a borrower for using assets. Expressed as a percentage of principal, these are usually noted on an annual basis, ...
Swingline Loan
Loan giving businesses which provides a huge amount of money to shoulder shortfalls from other debt obligations.
Kellogg School of Management
This is Northwestern University’s business school which offers undergraduate program, doctoral program, executive education program, executiv ...
Distribution Waterfall
Ranking of distributing a private equity fund. The hierarchy sets the order the funds will be given, which may ensure several types of investors ha ...
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Digesting Financial Statements: Long-Lasting Liabilities
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Buying a Home: Choosing the Best Location
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Buying a Home: Obtaining a Homeowners Insurance
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
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| 09:00 | GDP | 3 quarter | |
| 09:00 | Current Account | 3 quarter | |
| 09:00 | Business Investment | 3 quarter | |
| 09:00 | Import Price Index | Nov | |
| 10:00 | GDP | 3 quarter | |
| 15:30 | Gross Domestic Product | Oct | |
| 15:30 | Industrial Product Price Index | Nov | |
| 15:30 | Raw Materials Price Index | Nov | |
| 15:30 | Durable Goods Orders | Nov |
