Micheline The hazard rate is the instantaneous rate of failure of a particular unit. In other words, it is the conditional probability that a unit will fail at a given time, given that it has not failed up to that time. The hazard rate is usually expressed as a function of time. The hazard rate definition … Read more
An impairment definition is a set of guidelines used to determine whether an asset is impaired and, if so, how to measure the impairment. There are two types of impairment definitions: 1. those that focus on the asset itself (e.g. physical damage, obsolescence), and 2. those that focus on the entity’s ability to generate cash … Read more
The Fair Market Value Purchase Option is a provision in some small business contracts that allows the buyer to purchase the business at fair market value at the end of the contract period. This option is typically used when the buyer is interested in acquiring the business, but does not want to commit to a … Read more
Mesokurtosis is a statistical measure of the degree of peakedness of a distribution. It is calculated as the difference between the kurtosis of a distribution and the kurtosis of the normal distribution. The kurtosis of a distribution is a measure of the degree of peakedness of the distribution. The kurtosis of the normal distribution is … Read more
