Economic And Social Stabilization Fund (Chile)
What is 'Economic And Social Stabilization Fund - Chile' The Economic and Social Stabilization Fund is a government-owned investment organization that manages a sovereign wealth fund for the government of Chile. The funds deposited in the ESSF were sourced from surplus revenues from Chile's copper exports. According to the Chilean Ministry of Finance, the ESSF has approximately...
Absentee Landlord
DefinitionIn economics, an absentee landlord is a person who owns and rents out a profit-earning property, but does not live within the property's local economic region. The term "absentee ownership" was popularised by economist Thorstein Veblen's 1923 book of the same name, Absentee ownership. Absentee Landlord What is 'Absentee Landlord' An individual or entity that rents or...
Stock
A stock is a security that proves ownership of an individual or a company in another corporation and it also represents a claim its earnings as well as assets. There are basically two main types of security namely preferred and common. The latter allows the owner to place his/her vote during a shareholder’s meeting and is eligible to receive...
Backorder Costs
What is 'Backorder Costs' A cost incurred by a business when it is unable to fill an order and must complete it later. A backorder cost can be discrete, as in the cost to replace a specific piece of inventory, or intangible, such as the effects of poor customer service. Backorder costs are usually computed and displayed...
Call Deposit Account
What is a 'Call Deposit Account' A call deposit account is a bank account for investment funds that offers the advantages of both a savings and a checking account. Like a checking account, a call deposit account has no fixed deposit period, provides instant access to funds and allows unlimited withdrawals and deposits. The call deposit also provides the benefits...
National Association Of Certified Valuation Analysts (NACVA)
What is 'National Association Of Certified Valuation Analysts - NACVA' A group of business professionals that provide valuation and litigation services for various types of business transactions. National Association of Certified Valuation Analysts (NAVCA) members receive training, education and certification in asset valuation disciplines that they put to use in their respective professions. The organization also enforces...
Heavy
What is 'Heavy' A market that is demonstrating difficulty in advancing and is displaying a tendency to decline. A heavy market may be a manifestation of investor uncertainty about near-term direction, and a sign that the market is topping out. It may also be characterized by a shortage of buyers (many of whom may prefer to stay...
Taiwan Stock Exhange Corporation (TSEC) Weighted Index
What is 'Taiwan Stock Exhange Corporation (TSEC) Weighted Index' A stock market index comprised of companies traded on the Taiwan Stock Exchange (TWSE). The TSEC weighted index is made up of all the stocks in the Taiwan Stock Exchange and each is given a weight based on its market capitalization. Preferred shares, "full delivery" shares, and shares...
Okun Gap
DefinitionIn economics, Okun's law is an empirically observed relationship between unemployment and losses in a country's production. The "gap version" states that for every 1% increase in the unemployment rate, a country's GDP will be roughly an additional 2% lower than its potential GDP. The "difference version" describes the relationship between quarterly changes in unemployment and quarterly changes in...
National Registration Database (NRD)
What is 'National Registration Database - NRD' A Canadian database, launched in 2003 to replace the old paper form system, that allows security dealers and investment advisors to file registration forms electronically. Explaining 'National Registration Database - NRD' The NRD is simply a system used to increase the efficiency of the filing and sharing...