SIB
Social impact bond (SIB) is more of a contract rather than a bond made with the governing authority or the public sector. It essentially pays to achieve better social outcomes. The reason why it is not strictly a bond is because if the desired social outcome is not achieved the return on investment or repayment will not go back to the investors. The reason for the name is that it aims for social impact and not only to the financial return on their investment.
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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
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
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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