The hazard rate refers to the rate of death for an item of a given age (x). It is part of a larger equation called the hazard function, which analyzes the likelihood that an item will survive to a certain point in time based on its survival to an earlier time (t). In other words, it is the likelihood that if something survives to one moment, it will also survive to the next.
The house maintenance requirement is the minimum margin account equity required by a brokerage firm based on Regulation T and the firm’s discretion. The house maintenance requirement will often be higher than the maintenance margin set out by the Federal Reserve’s Regulation T, which stipulates that an equity level of at least 25% must be maintained. A brokerage may also set different maintenance requirements for different account holders at the firm. A 30% house maintenance requirement is typical and 40% is not unusual. While stocks are the security most commonly purchased in a margin account, many other securities such as mutual funds Treasuries, corporate bonds and options may be purchased on margin subject to varying purchase and maintenance requirements.
Overhead refers to the ongoing business expenses not directly attributed to creating a product or service. It is important for budgeting purposes but also for determining how much a company must charge for its products or services to make a profit. In short, overhead is any expense incurred to support the business while not being directly related to a specific product or service.
Reaganomics is a popular term referring to the economic policies of Ronald Reagan, the 40th U.S. president (1981–1989). His policies called for widespread tax cuts, decreased social spending, increased military spending, and the deregulation of domestic markets. These economic policies were introduced in response to a prolonged period of economic stagflation that began under President Gerald Ford in 1976.
Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset’s value has been used up. Depreciating assets helps companies earn revenue from an asset while expensing a portion of its cost each year the asset is in use. If not taken into account, it can greatly affect profits.
A wealth psychologist is a mental health professional who specializes in issues relating specifically to wealthy individuals. Wealth psychologists are also called money psychologists or wealth counselors. Wealth psychologists help their ultra-rich clients deal with issues such as the guilt they feel about being wealthy, or advise on inheritance issues and counsel parents on how to raise children who are not spoiled by money.
A whisper number refers to the purported, unofficial and unpublished earnings per share (EPS) forecasts that are believed to circulate among professionals on Wall Street. In this context, whisper numbers were believed to generally reserved for the favored (wealthy) clients of a brokerage.
A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. However, the National Bureau of Economic Research (NBER), which officially declares recessions, says the two consecutive quarters of decline in real GDP are not how it is defined anymore. The NBER defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
A wealth psychologist is a mental health professional who specializes in issues relating specifically to wealthy individuals. Wealth psychologists are also called money psychologists or wealth counselors. Wealth psychologists help their ultra-rich clients deal with issues such as the guilt they feel about being wealthy, or advise on inheritance issues and counsel parents on how to raise children who are not spoiled by money.
A whisper number refers to the purported, unofficial and unpublished earnings per share (EPS) forecasts that are believed to circulate among professionals on Wall Street. In this context, whisper numbers were believed to generally reserved for the favored (wealthy) clients of a brokerage.