TIME-PREFERENCE THEORY OF INTEREST
Theory evaluating the nature of consumerism and the factors pressing consumers to defer current consumption or expenses, expecting greater future returns. It can be quantified as the amount of money needed to compensate the consumer in foregoing current consumption. It also endeavors to link interest rates into the equation by comparing the expected value of future returns and the interest rate paid on present savings.
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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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An Introduction to Insurance
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