Obligation Bond
What is 'Obligation Bond' A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated....
Nakahara Prize
DefinitionThe Nakahara Prize is an annual award given by the Japanese Economic Association to Japanese economists under the age of 45 whose work has...
PL Statement
Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for Accessibility Further Reading Financial ratios as a means of forecasting bankruptcy - www.jstor.org Testing...
Macaulay Duration
What is The 'Macaulay Duration' The Macaulay duration is the weighted average term to maturity of the cash flows from a bond....
Paired Shares
What is 'Paired Shares' The stock of two separate companies that are under the management or supervision of a single corporation. Paired...
Radner Equilibrium
What is 'Radner Equilibrium' A theory suggesting that if economic decision makers have unlimited computational capacity for choice among strategies, then even...
Year-End Bonus
What is 'Year-End Bonus' A reward paid to an employee at the end of the year. Many year-end bonuses are tied to...
