A hockey stick chart is a line chart in which a sharp increase occurs suddenly after a short period of quiescence. The line connecting the data points resembles a hockey stick. Hockey stick charts have been used in the world of business and as a visual to show dramatic shifts, such as global temperatures and poverty statistics.
The interbank rate is the rate of interest charged on short-term loans made between U.S. banks. Banks may borrow money from other banks to ensure that they have enough liquidity for their immediate needs, or lend money when they have excess cash on hand. The interbank lending system is short-term, typically overnight and rarely more than a week.
Advance payment is a type of payment made ahead of its normal schedule such as paying for a good or service before you actually receive it.
The present value interest factor of an annuity is a factor that can be used to calculate the present value of a series of annuities. The initial deposit earns interest at the periodic rate (r), which perfectly finances a series of (n) consecutive dollar withdrawals and may be written as the following formula:
In economics, a multiplier broadly refers to an economic factor that, when increased or changed, causes increases or changes in many other related economic variables. In terms of gross domestic product, the multiplier effect causes gains in total output to be greater than the change in spending that caused it.
The present value interest factor of an annuity is a factor that can be used to calculate the present value of a series of annuities. The initial deposit earns interest at the periodic rate (r), which perfectly finances a series of (n) consecutive dollar withdrawals and may be written as the following formula:
In economics, a multiplier broadly refers to an economic factor that, when increased or changed, causes increases or changes in many other related economic variables. In terms of gross domestic product, the multiplier effect causes gains in total output to be greater than the change in spending that caused it.
Neoliberalism is a policy model—bridging politics, social studies, and economics—that seeks to transfer control of economic factors to the private sector from the public sector. It tends towards free-market capitalism and away from government spending, regulation, and public ownership.
A highly leveraged transaction (HLT) is a bank loan to a company which has a large amount of debt. Highly leveraged transactions were popularized in the 1980s as a way to finance buyouts, acquisitions or recapitalizations. Highly leveraged transactions are risky in that they add to a company’s debt load and often result in an unattractive debt-to-equity ratio, but the interest income generated from these transactions is significant enough to make them attractive to investors and financial institutions.
Judicial foreclosure refers to foreclosure proceedings on a property in which a mortgage lacks the power of sale clause and so proceeds through the courts. Power of sale is a clause written into a mortgage authorizing the mortgagee to sell the property in the event of default in order to repay the mortgage debt. Power of sale is permitted in many states as part of a lender’s rights to seek a foreclosure.