Price Elasticity Of Demand
Sure, here is a definition of price elasticity of demand: Price elasticity of demand: The price elasticity of demand measures the responsiveness of quantity demanded to changes in the price of a good. It is calculated by the percentage change in quantity demanded divided by the percentage change in the price. The price elasticity of […]
Provisional Notice Of Cancellation (Pnoc)
Provisional Notice of Cancellation (PNO) Purpose: A provisional notice of cancellation (PNO) is a notice given by a landlord to a tenant informing them that the landlord intends to cancel the lease and terminate occupancy. The PNO serves as a formal notification of the landlord’s intent and outlines the grounds for cancellation. Form: The PNO […]
Duty
Definition: Duty is a legal or moral obligation to perform a certain action or to fulfill a certain role. It is a binding commitment or responsibility to act in a particular manner or to provide a specific service. Examples: Legal duty: Paying taxes, obeying traffic laws, serving on a jury. Moral duty: Helping those in […]
Authorised Share Capital
Authorised Share Capital Authorised share capital is the maximum amount of share capital that a company is legally authorized to issue. It is a key element of a company’s constitution and is used to determine the company’s maximum borrowing capacity and the number of shares that can be issued. Key Points: Authorised share capital: Maximum […]
Rebalancing
Rebalancing Rebalancing is a process of adjusting an investment portfolio to maintain its target asset allocation. It involves selling assets that have exceeded their target allocation and purchasing assets that have underperformed, in order to bring the portfolio back into alignment with its stated objectives. Purpose of Rebalancing: Maintain target asset allocation: Rebalancing helps to […]
Fourth World
The concept of the “Fourth World” is a complex and controversial one. It generally refers to a hypothetical social order that exists beyond the boundaries of the three current “worlds”: the First World (the West), the Second World (formerly the Soviet Union), and the Third World (developing nations). Here are some key features of the […]
Alternative Minimum Tax (Amt)
The alternative minimum tax (AMT) is a US tax calculation method used to ensure that certain taxpayers pay a minimum amount of tax, regardless of their income level or deductions. It’s designed to prevent complex tax avoidance strategies and ensure fairness. Key features: Separate tax rate: The AMT applies a separate tax rate, usually 22%, […]
Disinflation
Disinflation Disinflation is a decrease in inflation. It occurs when the general price level of goods and services is falling. In other words, prices are decreasing. Causes of Disinflation: Demand-pull disinflation: Occurs when consumer demand decreases, leading to a decline in prices. Cost-push disinflation: Occurs when production costs decline, such as raw material prices or […]
Venture Capital Fund
Venture Capital Fund A venture capital fund is a private equity fund that invests in high-growth, early-stage companies (startups) with the potential for significant returns. Key Characteristics: High-risk, high-reward: Venture capital investments carry a high risk of failure, but also have the potential for very high returns. Early-stage focus: Investments typically focus on companies in […]
Tenancy By The Entirety
Tenancy by the entirety Tenancy by the entirety is a form of ownership in which two or more people own a single parcel of property jointly, as a single entity. Unlike joint tenancy, which allows each owner to dispose of their own interest separately, in a tenancy by the entirety, all owners have an undivided […]
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