MOBILE PAYMENT
Payment made for purchasing a product or service done via a portable electronic device such as a cellular phone. It can also be used to send money to family or friends.
It first became popular in Asia and Europe, before becoming more well-know in the United States and Canada. They can be sent mostly by text message, by passing a smartphone screen showing a special barcode under a store's barcode scanner or by using a cellular phone to take a photo of a check and then sending it. The cost may be added to the client’s phone bill or paid by either credit or debit card.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
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Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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