Joint Life With Last Survivor Annuity
What is 'Joint Life With Last Survivor Annuity' An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and his/her spouse, or the annuitant and another beneficial party until both the annuitant and his/her spouse have passed away. These annuities are not term certain, so they continue paying out to the annuitant, and whoever...
James J. Heckman
DefinitionJames Joseph Heckman is an American economist who is currently at the University of Chicago, where he is The Henry Schultz Distinguished Service Professor in Economics and the College; Harris Graduate School of Public Policy Studies; Director of the Center for the Economics of Human Development.; Director of the Center for Social Program Evaluation; Co-Director, Human Capital and Economic...
Joint Endorsement
What is a joint endorsement A joint endorsement is an agreement between two or more individuals to endorse a financial instrument, such as a check or note, on behalf of another individual. The endorsements guarantee payment of the instrument if the primary endorser defaults on their obligations. Joint endorsements are commonly used when an endorser does not have adequate credit...
Jeffrey Sachs
DefinitionJeffrey David Sachs is an American economist and director of the Earth Institute at Columbia University, where he holds the title of University Professor, the highest rank Columbia bestows on its faculty. He is known as one of the world's leading experts on economic development and the fight against poverty. Jeffrey Sachs What is 'Jeffrey Sachs' An...
John Harsanyi
DefinitionJohn Charles Harsanyi was a Hungarian-American economist. John Harsanyi What is 'John Harsanyi' An economist who won the Nobel Memorial Prize in 1994 along with John Nash and Reinhard Selten for his research on game theory, a mathematical system for predicting the outcomes of competitions and conflicts. Harsanyi is also noted for his contributions to moral philosophy....
John F. Nash Jr.
DefinitionJohn Forbes Nash Jr. was an American mathematician who made fundamental contributions to game theory, differential geometry, and the study of partial differential equations. Nash's work has provided insight into the factors that govern chance and decision-making inside complex systems found in everyday life. John F. Nash Jr. What is 'John F. Nash Jr.' An American mathematician...
John W. Conway
What is 'John W. Conway' The chairman, president and CEO of Philadelphia-based Crown Holdings, a company that produces metal packaging such as soft drink cans, candy tins and aerosol containers for beauty products and industrial products. When Conway became CEO in 2001, the company had a large market share but a recession was hurting its business. Conway...
Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for Accessibility Further Reading Event studies in economics and financewww.jstor.org ECONOMISTS are frequently asked to measure the effects of an economic event on the value of firms. On the surface this seems like a difficult task, but a measure can be constructed easily using an event study. Using financial market...
John B. Taylor
John B. Taylor's life and career John B. Taylor is a senior fellow at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He served as senior economist on President Ronald Reagan's Council of Economic Advisers from 1981 to 1982 and as under secretary of treasury for international affairs from 1989 to 1991. He...
Joint Account
DefinitionA joint account is a bank account shared by two or more individuals. Any individual who is a member of the joint account can withdraw from the account and deposit to it. Usually, joint accounts are shared between close relatives or business partners. Joint Account What is a 'Joint Account' A joint account is a bank or...