A sampling method in which allmembers of a group (population
or universe) have an equal and independent chance of being
selected. Source:
Business Dictionary
Return of a portion of a purchase price by a seller to a
buyer, susually on purchase of a specified qutntity, or
value, of goods within a specified period. Unlike
discount (which is deducted in advance
of payment), rebate is given after the payment of full
invoice amount. Source:
Business Dictionary
A period of general economic ecline; typically defined as a
decline in GDP for two or more consecutive quarters. A
recession is typically accompanied by a drop in the stock
market, an increase in unemployment, and a decline in the
housing market.. Source:
Investor Words
The practice where an insurance company (the insurer)
transfers a portion of its risks to another (the reinsurer).
Legal rights of the policyholder (insureds) are in no way
affected by reinsurance, and the insurer remains liable to
the insureds for insurance policy benefits and claims.
Retail is the sale of goods and services from individuals or
businesses to the end-user. Retailers are part of an
integrated system called the supply chain. A retailer
purchases goods or products in large quantities from
manufacturers or directly through a wholesaler, and then
sells smaller quantities to the consumer for a profit.
Retailing can be done in either fixed locations or online.
Source:
Wikipedia
This is a ratio of the amount money gained or lost relative
to the amount of money invested. It is measured as a
ratio of net profit. For example, if you invested $1
and you earned $1.10 then your ROI is $0.10 or 10%.
This is a loan granted by a bank
that allows the borrower to have access to a specific amount
of money which he/she can use and use and repay continually
over time. Borrowers make payment only on the amount
of money they withdraw plus interest. The borrorer can
repay the loan in full at any time or continue to make
monthly payments.
