LESSEE
An individual who leases a land or property from a lessor. Also called tenant, the person should uphold certain obligations as stated in the lease agreement and by law. The lease is a legally binding document; in the event of a breach of contract, he or she could be evicted from the asset. The lessee has the following rights: privacy; basic standards of habitability such as water, electricity, and heat; and live in a space, which complies with local building codes.
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GMD
ISO 4217 abbreviation for Gambian dalasi, official currency of Gambia. Introduced in 1971, it replaced the former national currency, the Gambian po ...
Breakeven Tax Rate
Tax rate that is neither profitable nor unprofitable for an individual, company, or institution to engage in a certain transaction. It refers to a ...
Beating The Gun
An informal and casual phrase used when an investor buys or sells a security at an advantageous amount by conducting a trade ahead of the market&rs ...
Consumer Debt
Debt incurred for purchasing consumable goods or products that do not appreciate. Normally, an individual gain no benefit from possessing high leve ...
American Recovery and Reinvestment Act
It is an act that was signed in February 2009 by US President Barack Obama. This act was initiated to respond to the country’s weak economic ...
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