Serial Correlation Definition.

Serial correlation is the degree of relationship between a given value and the previous value in a time series. A time series is a sequence of data points, typically consisting of measurements made at successive points in time. The degree of relationship can be positive (the two values move in the same direction), negative (the … Read more

What Is an Unsecured Note?

An unsecured note is a type of debt instrument that is not backed by any collateral. This means that the issuer is relying solely on the creditworthiness of the borrower to make payments. Unsecured notes are often issued by corporations and are typically used to raise capital for expansion or other purposes. Because they are … Read more

Proof of Funds (POF).

When an individual or organization applies for a loan, the lender will often request proof of funds. Proof of funds is a document or set of documents that provides evidence that the applicant has the financial resources necessary to repay the loan. This may include bank statements, investment account statements, or other documentation. The purpose … Read more