Implied Rate
The implied rate is the return (expressed as an interest rate) that is embedded in the relationship between an asset’s current spot price and…
Jones Act
The “Jones Act” commonly refers to Section 27 of the Merchant Marine Act of 1920. It requires that merchandise transported by water between U.S.…
Implied Authority
Key Takeaways – Implied authority is the unstated power an agent has to do what is reasonably necessary to carry out the duties the…
Job Openings And Labor Turnover Survey Jolts
• JOLTS (Job Openings and Labor Turnover Survey) is a monthly BLS survey that measures job openings, hires, and separations (quits, layoffs/discharges, and other…
Implicit Cost
Key takeaways – Implicit costs are opportunity costs: the value of benefits a firm forgoes when it uses owned resources internally instead of renting,…
Imperfect Competition
Key takeaways – Imperfect competition describes any market that deviates from the assumptions of neoclassical perfect competition (identical products, many buyers and sellers, perfect…
Joint Credit
Joint credit is any loan or credit account that two or more people obtain and share. Each named borrower’s income, assets, and credit history…
Joint Stock Company
A joint‑stock company is a business organized so that ownership is divided into transferable shares. Each shareholder’s claim to the company’s profits (and losses)…
Joint Owned Property
Joint‑owned property is any asset titled in the names of two or more people or entities. It commonly arises between spouses, family members, business…
Impaired Asset
An impaired asset is an asset (tangible or intangible) whose carrying amount on the balance sheet exceeds its recoverable amount. In plain terms, the…