Unsecured Loan.

An unsecured loan is a type of loan that is not backed by any collateral. This means that the lender does not have any claim on the borrower’s assets if they default on the loan. Unsecured loans are also known as personal loans or signature loans. The main advantage of an unsecured loan is that … Read more

What Is an Equity Derivative?

An equity derivative is a financial derivative whose value is based on one or more underlying equity securities. Common types of equity derivatives include stock options, stock futures, and equity swaps. Equity derivatives can be used for a variety of purposes, including hedging, speculation, and arbitrage. For example, a stock option allows the holder to … Read more

What Is Cost of Capital?

The cost of capital is the price that a company must pay for funds, either through equity or debt financing. The cost of equity is the return that shareholders expect to earn on their investment, while the cost of debt is the interest rate that a company must pay on its borrowings. The cost of … Read more


Usance is a term used in international finance to refer to the time between the date of a bill of exchange or promissory note and the date it is due for payment. The usance period is the time allowed by the drawee for payment of the bill or note, and is determined by the market … Read more


A duopoly is a market structure in which two firms dominate the market. The two firms may be identical or they may produce different products. The duopoly may be protected by government regulation or it may arise spontaneously due to the industry structure. There are several types of duopoly. The first type is known as … Read more

Qualified Professional Asset Manager (QPAM).

A QPAM is a professional asset manager that is qualified to manage assets in accordance with the provisions of the Investment Advisers Act of 1940. In order to be classified as a QPAM, the asset manager must meet certain criteria, including: -Being registered with the SEC as an investment adviser -Having at least $100 million … Read more

What Is a Black Swan in the Stock Market?

Examples and History. What Is a Black Swan in the Stock Market? Is the black swan event? A black swan event is a highly improbable or unpredictable event that has catastrophic consequences. Black swan events are often characterized by their extreme rarity, their massive impact, and their seemingly inexplicable nature. Is the Black Swan real? … Read more

What Is an Accessory Dwelling Unit (ADU)?

An accessory dwelling unit (ADU) is a self-contained living unit that is attached to, or located within, a single-family home. ADUs can take many forms, including in-law apartments, granny flats, garage conversions, and basement apartments. ADUs are often used as rental units, providing income for the homeowners and increasing the density of a neighborhood. They … Read more

What Is a Trust Indenture?

A trust indenture is a contract between a bond issuer and a bondholder that governs the terms of the bond issue. The indenture sets forth the rights and obligations of the issuer and the bondholders, and the procedures for enforcing those rights and obligations. Is a trust deed legally binding? A trust deed is a … Read more

What Is a Subprime Credit Card?

A subprime credit card is a credit card that is offered to individuals with less than perfect credit. These cards typically have higher interest rates and fees than traditional credit cards. Subprime credit cards can help people rebuild their credit history and improve their credit score. What are subprime loans called now? Subprime loans are … Read more