Tooltip Categories: Economics & Finance

accident rate

Accident rate = number of accidents x 100,000 / number of employees in a period time

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default

Occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or

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AAA (UK)

AAA is the highest issuer credit-rating assigned by a credit-rating agency (CRA)

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ability to act

Capacity of a natural person or business entities to carry out legally enforceable transactions.

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ability to pay

Borrower’s ability to service a loan from his or her disposable income or cashflow, or the taxpayer’s ability to pay the tax. Called ‘capacity’ in

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absolute poverty

People are absolutely impoverished if the minimum amounts of food, clothing and shelter necessary for survival absorb all of their income, and they live a

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access to credit

Access to credit refers to the possibility that individuals or enterprises can access to credit services.

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zero-coupon

Zero-coupon bonds are bonds which do not pay interest payments (also known as coupon payments). The bonds are purchased at a discount from what they

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web 2.0

Web sites that use technology beyond the static pages of earlier web sites. may allow users to interact and collaborate with each other in a

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trillion [tn]

In British English a trillion is now equivalent to a million million (1,000,000,000,000) – 12 zeroes-, as it is in American English. Billion: British English

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