FINANCE & ECON Flashcards
ACTUARIAL
Relating to calculations of risk for insurance companies and pension funds especially calculations of the age to which people are expected to live
The companies and funds use the results to make certain that they always have enough money to make payments to the people who have a right to them
COLLATERAL
Valuable property owned by someone who wants to borrow money, that they agree will become the property of the company or person who lends the money if the debt is not paid back
LEVERAGE
(Fin & Econ) The relationship between the amount of money that a company owes to banks and the value of the company
(Fin & Econ) The act of using borrowed money to buy an investment or a company
LIQUIDATION SALE
Process of selling off a company’s inventory at big discount to generate cash
OUTSIZED BUSINESS
Things that happen to be bigger than expected
PRICE GOUGING
The practice of increasing the prices of goods, services, commodities to a level much higher than is considered reasonable or fair
PRICE HIKE
A sudden increase in prices
REPO
A repurchase agreement - a form of short-term borrowing for dealers in government securities
‘SURPLUS
ˈsɝː.pləs
The amount of money you have left when you sell more than you buy, or spend less than you own
STIPEND
Fixed regular income that is usually not based on an amount of work done
An amount of money that is paid regularly to someone, especially for work or training that is usually unpaid
STRINGENT
Involving not enough money being available for borrowing as a result of firm controls on the amount of money in an economy
ARREARS
Any amount that is overdue after the payment due date for accounts such as loans and mortgages
FORECLOSE
To take back property that was bought with borrowed money because the money was not being paid back as formally agreed
