Category: Economics
Online banking, also referred to as internet banking or web banking, has revolutionized the way consumers interact with financial institutions. By allowing users to perform a wide range of transactio...
Category: Economics
## What is a Variable Interest Entity (VIE)? A Variable Interest Entity (VIE) is a distinct legal business arrangement where an investor holds a controlling interest despite lacking the majority of ...
Category: Economics
## What is Walras's Law? Walras's law is a fundamental concept in economics that forms the backbone of general equilibrium theory. It posits that in any economy, the existence of excess supply in on...
Category: Economics
Cyclical unemployment is a significant component of overall unemployment influenced directly by the economic business cycle. Defined as the unemployment resulting from economic upturns and downturns,...
Category: Economics
Net realizable value (NRV) is a crucial concept in inventory accounting that provides valuable insight into the potential realizable returns on assets. By understanding NRV, businesses can obtain a d...
Category: Economics
Owners’ equivalent rent (OER) is a critical economic measure that helps homeowners and potential buyers understand the dynamics of the real estate market. It quantifies the hypothetical rent a homeow...
Category: Economics
## What Is Yield to Call? Yield to call (YTC) is an essential concept for investors dealing with callable bonds. It represents the return a bondholder will receive if the bond is held until the spec...
Category: Economics
In the banking and financial services industry, a Loan Production Office (LPO) serves a vital function. As defined by the Federal Reserve, an LPO is essentially an administrative division dedicated t...
Category: Economics
## Understanding the Concept A **price taker** is defined as an individual or company that must accept prevailing prices in a market because they lack the market share necessary to influence these p...
Category: Economics
Realized yield is a crucial concept in the realm of investments, particularly for fixed-income securities like bonds and certificates of deposit (CDs). It reflects the actual return an investor earns...