Keiretsu
Keiretsu Explained Keiretsu, pronounced “keh-reh-tsu,” is a Japanese term that refers to a loosely knit association of businesses and industrial enterprises that often cooperate in a variety of ways. These associations are typically dominant in specific industries and play an important role in the Japanese economy. Key Features: Loosely knit: Keiretsu members are not necessarily […]
Liquidity Trap
Liquidity Trap A liquidity trap is a situation in which a market is so illiquid that it is difficult to trade a security at a particular price. This is typically caused by a lack of market participants willing to buy or sell the security at that price. Causes of Liquidity Traps: Low market volume: When […]
Finance
Definition: Finance is the management of money and other assets to meet specific goals and objectives. It encompasses a wide range of activities, including financial planning, investment, banking, and risk management. Key Concepts: Financial Planning: Developing a strategy to manage financial resources effectively. Investment: Putting money into assets such as stocks, bonds, or real estate […]
Actuarial Science
Actuarial Science Actuarial science is a specialized field of mathematics that involves the use of statistical techniques and mathematical modeling to predict future financial outcomes. Actuaries play a crucial role in various industries, including insurance, pensions, and financial services. Key Concepts: Probability: Probability is a fundamental concept in actuarial science, as it allows actuaries to […]
Obligation
Definition: An obligation is a legal duty or commitment that a person or group is legally bound to perform. It is a legal relationship between two parties, where one party has a duty to act in a certain way or provide something of value to the other party. Types of Obligations: Legal obligations: Obligations arising […]
Reconciliation
Reconciliation Reconciliation is the process of reconciling differences between two or more parties, groups, or individuals. It is a collaborative effort to resolve conflicts, build bridges, and create understanding and harmony. Key Principles of Reconciliation: Respect: Recognizing and valuing the perspectives and experiences of others. Empathy: Understanding the motivations and feelings of those involved. Non-violence: […]
Risk Analysis
Risk Analysis Risk analysis is a systematic process of identifying, assessing, and mitigating potential risks. It involves understanding the likelihood and impact of various events or factors that could negatively impact an organization, system, or individual. Key Steps in Risk Analysis: 1. Identify Risks:– Brainstorm potential risks and threats.- Consider historical incidents, industry trends, and […]
Affiliate
An affiliate is someone who promotes another company’s products or services in exchange for a commission on sales or traffic generated through their recommendations. Key components of affiliate marketing: Affiliate: The person who promotes the products or services. Merchant: The company whose products or services are being promoted. Commission: The payment made to the affiliate […]
Emolument
Emolument is a term used in UK employment law to describe wages. It is sometimes also used to describe salaries in other countries, though the term is less common in the US. Here are some examples of how the word “emolument” can be used: “The employee’s emolument is ยฃ20 per hour.” “The employer agreed to […]
Demand Deposit,What Is Demand Deposit
Sure, here is a definition of demand deposit: A demand deposit is a type of deposit account that allows the depositor to withdraw funds on demand, without notice, at any time. It is also sometimes referred to as a checking account because it is commonly used for day-to-day transactions, such as paying bills or making […]
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