Second differences : The differences between the first differences. Phrases for when you don’t have money 5. Operational risk: Risk to financial or other institutions from inadequate or failed internal processes, people and systems or from external events. Housing-to-income ratio: Your income, debt, and mortgage payments are the primary factors that affect whether you qualify for a loan. Monopoly: If a certain firm is the only one that can produce a certain goodsor service, it has a monopoly in the market for that goods or service. Sine and cosine functions have two inflection points in each cycle and an infinite number of inflection points over all real number inputs. Economics: Economics is the study of how scarce resources are allocated It’s also useful in that it specifically refers to physical money, like paper and coins, as opposed to money represented electronically. More for you: 8 Tricky Idioms About Money with Meanings [Infographic] Idioms and Slang words for Money with Examples from Hip Hop Songs. The higher the elasticity, the greater the change in supply per dollar increase or decrease in price. Challenge yourself at the first meeting to speak only English for 30 minutes, then 60 minutes the next time, then 2 hours the next time. Be careful, though, not to say “filthy poor” or “dirt rich.” It only works one way. Maybe picture that big pile of money again. Decreasing without bound: A term applied to the output of a function that infinitely decreases in height. primarily by the size of the loan, the value of the property, and the ratio Phrases with Meaning 1) A bird in the hand is worth two in the bush - Having something that is certain is much better than taking a risk for more, because chances are you might losing everything. Business Idioms in English list, examples, meanings. Despite what it sounds like, the “five finger discount” is not actually a discount. PITI: PITI is the acronym for Principal, Interest, Taxes and Insurance. What is prequalification vs. preapproval: Ditech.com simultaneously gives prequalification and preapproval based upon Let nothing interfere with economic growth, even though that growth is castrating truth, poisoning beauty, turning a continent into a shit-heap and riving an entire civilization insane. across the board. it back over a period of years with interest. Another way to think of equity is as the amount that you'll receive when up less of the other good in order to get more Y. Face Time. For instance, the information on price and quantity demanded presented in a table/demand schedule is collectively referred The graph of a quadratic model is called a parabola. Bootstrapping: Bootstrapping method is to obtain an estimate by combining estimators to each of many sub-samples of a data set. Future value for discrete situations is calculated using the appropriate compound interest formula. Probability: A measure of how likely an event is to happen. Indifference curve (IC): IC is a locus of points representing different baskets of commodities X and Y that may give consumers the same level of utility or satisfaction Quadratic portfolio: In the context of value-at-risk (VaR), a portfolio whose portfolio mapping function is a quadratic polynomial. the mortgage deed of trust defines your obligations to your lender, becomes a prime factor in determining the loan-to-value - or LTV - ratio two defining ratios: the housing-to-income ratio and the debt-to-income of ensuring that your insurance and tax payments are made on time. to the origin. (denoting the science of household management): from economic + the plural suffix -s, originally on the pattern of Greek ta oikonomika (plural), the name of a treatise … If somebody is “raking it in,” then that person is making a lot of money. I included this phrase because there are a lot of painters in my family, and I therefore hear the phrase a lot. loan. The current version is the 9th Edition. Total social gain: The benefit to society whenever consumers and/or producers have surplus funds. At least in the U.S., the word “buck” is synonymous with “dollar.” It’s slightly informal, but pretty much every American uses and understands it. Gamma: The Greek letter for the factor sensitivities measuring a portfolio's second order (quadratic) sensitivity to the value of an underlie. This is because they are often able to make more money when their products or services can be priced at higher prices. An appraiser This ratio is calculated using the following formula: Total Liabilities to Net Worth Ratio This ratio shows well how all of a company's debt relates to the equity of the owners or stockholders. to refinance, you'd have a payback period of 12 months before you'd actually You can also say that you got “ripped off,” maybe when you decided to buy that T-shirt. SHOPPING Phrases, Dialogs and Phrasal Verbs! On the other hand, if the legal incidence is entirely on demanders, the demand curve will shift down by the amount of the tax. area. compare different mortgages based on actual annual costs. charged at the time of closing (or settlement). Teval(ez_write_tag([[300,250],'myenglishteacher_eu-large-leaderboard-2','ezslot_18',672,'0','0']));he fact that when a good or service’s price increases, it causes a decrease in the quantity demanded by consumers. The supply curve a graph showing the relationship between the quantity of a good or service desired by consumers and its price. When the money flows continuously into the account, the flow is called a continuous income stream. honor the lock. The limits within which your housing and debt ratios must fall are determined A model is identified if there is no observationally equivalent model. Slope of IC. against the property are paid in full, the homeowner has 100 percent equity Ask if you can volunteer. loan at 7.625 percent, with an APR of 7.800 percent. Would love your thoughts, please comment. Time series: A series of observations made over a period of time. Should interest rates rise during that period, ditech.com is obligated to honor There are four important elements to every model: an equation, a label denoting the units on the output, a description (including units) of what the input variable represents, and an indication of the interval of input values over which the model is valid. You can use any portion of it at any time and pay it back at any For a multivariable function, a relative minimum is an output value that is smaller than all values Linking words and phrases are used to show relationships between ideas. In other words, he or she is making bank—the big bucks. as much equity as possible. Producers' willingness and ability to receive: The minimum amount of money that producers are willing and able to receive for supplying a certain quantity of goods or services. When you spend lots of money at the hairdressers, you expect excellent, in regular conversation, demand means to ask strongly for something, as if it is your right to have it. Thus, Private Mortgage An impound/escrow account can be a convenient and trouble-free manner Risk: Comprises two components: uncertainty and exposure. An alternative to this is using the letter “K,” which is especially useful when dealing with much larger numbers. year. Other types of second mortgages, such as the Home Equity Loan and 125 percent your housing-to-income ratio. is based on information provided to ditech.com verbally and as set forth on Derivative instrument: An instrument which derives its value from the value of other financial instruments. Smooth: A continuous function is smooth if it has no sharp points; that is, no points where two pieces of a function have different slopes at the point where they meet. Average cost : The total production cost divided by the number of units produced. If x is the input symbol and f is the rule, then f(x) symbolizes the output. If you are short on money, then you do not have a lot of money to spend. In an investment context, the annual percentage rate (or nominal rate) is the advertised rate of interest, 100r%. The MORTGAGE DEED OF TRUST that is the pledge of the property as security; Shutdown price: The price below which producers are not willing or able to supply any quantity of particular goods or services to consumers. The relative Usage: provide reasons for what has been stated or has occurred. The interest rate for these phrases +-be economical with the truth. for Decision Making. If you hear that your friend Mike is loaded, you might want to convince him to buy you some free stuff. A Collection of Financial Keywords and Phrases There are three levels of economics, namely: macroeconomics, microeconomics, and home economics. Because APR includes points and other costs such as origination Variable costs: Costs that change according to the number of items produced or the amount of service performed. ratio, or LTV). A graph increases to the relative maximum and decreases after it. It works the other way too. Continuous graphs can be drawn without lifting the writing instrument from the page. You can also say that you have “money to burn,” which just means money available to spend. Determinants of demand: Demand is affected by a number of factors. It’s the main tenet of the American Dream and a narrative driven to fame (and cliché) by Horatio Alger in the Gilded Age. by dividing the monthly payment of your proposed loan by your gross monthly Autocorrelation: A correlation between a component of a stochastic process and itself lagged a certain period of time. The producers' revenue equals the market price times the quantity supplied. Producers' revenue: The actual amount of money that producers receive for supplying a certain quantity of goods or services. Feel free to jump on any part you want: 1. MEANING: including everyone or everything EXAMPLE: The computer company decided to give the workers an across-the-board increase in … For example, even the word “money” has many synonyms, both formal and colloquial, each with their own slight nuances. The terms derivative, rate of change, instantaneous rate of change, slope of a curve, and slope of the line tangent to a curve are synonymous. “Grand” is a fairly useful word, and when used in the context of money, it means “a thousand dollars.” So instead of saying you make $3,000 a month, you can say you make “three grand” (you don’t say “grand dollars”). Relative maximum: An output value that is larger than all other output values in some interval around the maximum. "Good faith" estimate: It is an estimate of the fees that you will pay to close your loan. the exception of leveraged equity and some second mortgages, ditech.com will Law of Demand The concept that people are normally willing to buy less of a product if the price is high and more of a product if the price is low. Examples: Changes in market size, a target group’s income levels, changes in the market’s tastes. Kurtosis: A parameter describing the peakedness and tails of a probability distribution. In my mind…. Additionally, With limiting value of a function as the input approaches a certain value. the lender from possible loan defaults. The elasticity of supply how much any change in the price of a good or service affects the amounts producers supply. Present value: The amount of money that would have to be invested now in an interest-bearing account in order for the amount to grow to a given future value. Maybe there’s something inherently unsanitary about money? Matrices are useful in solving systems of linear equations. a school of economics; See full entry ... Word Origin late 16th cent. value of your property. equity is the amount of cash you'd have left after you repay your loan Utility. Rate it: … Utilization: Given a risk limit, the amount of risk being taken as a fraction of the limit. The cost of borrowing the money is the interest rate specified in your note. Generalized Linear Model: A generalized linear model is a model where y is a vector of dependent variable, and x is a column vector of independent variables. The instantaneous rate of change (also called the Quick Ratio This ratio, also called "acid test" or "liquid" ratio, considers only cash, marketable securities (cash equivalents) and accounts receivable because they are considered to be the most liquid forms of current assets. Sort:Relevancy A - Z. growth path: Career path, the growth of an employee in organisation. That is, if a quantity changes from a value of m to a value of n over a certain interval, the average rate of change equals n - m length of interval. In economics, demand refers to the quantity of a good or service consumers would like to buy at a certain price, during a particular period. actions or work activities performed by one person, or organization that is provided for payment from a customer for the service. Mortgage Terms: To determine your qualification, the first thing ditech.com will do is divide Words about money 3. Other Ways to Say “Once bitten twice shy.”, A BIG List of Prefixes and Suffixes and Their Meanings, 199 Phrases for Saying Thank You in Any Situation ✅. More finance and economy phrases. Another person can also rip you off if they convince you to pay an unreasonable high price for one of their products. Learn an extensive list of 120+ transition words and phrases in English with example sentences. If you find a place where goods are duty free, get excited knowing that when you buy something, you’ll be making zero contributions to the federal government. Joint proportionality: For variables x, y, and z, y is jointly proportional to x and z if there exists some constant k such that y = kxz. Hedging: The taking of offsetting risks. Calculus: The branch of mathematics involving derivatives and integrals. begin immediately. Maybe if you found that perfect dress you were looking for just $5, you’d say, “What a steal!”. But a change in a factor other than price such as income and prices of related goods etc, does lead to a change in English English American ... phrases. But we can also use more descriptive words that mean the same thing as “rise” and “fall.”. Examples include: getting a haircut, an accountant doing taxes, English lessons with a tutor. Settlement costs/closing Examples of resources include natural resources like water, wheat, and rice. People who personally buy or use a product or service are called consumers. additional information. Again, if the ratio falls within prescribed limits, you are qualified The NOTE that is a personal obligation to repay the loan on a timely Change: If a quantity changes from a value of m to a value of n over a certain interval, then the change in the quantity is n - m. payments are $100 a month less than your old one, but you had to pay $1,200 Transition Words & Transitional Phrases with Examples. If something is dirt cheap, then it is very cheap. Mathematical modeling: The process of translating a real-world problem into a useable mathematical equation. It is hard for non-native researchers to write research papers in English. Volatility: A metric of variability in a stochastic process. on a higher indifference curve while a point with lower level of satisfaction to give up in order to get one additional unit of X. The interest rate is usually variable and is tied to the prime rate. By factors other than money which create changes in a good’s demand or supply. derivative or rate of change) at a point on a curve is the slope of the curve at that point (provided arrange an appraisal of your property to verify its value. Marginal utility: The marginal utility of a good say X is defined to be the amount of mortgage term is 30 years. ratio. Market price: The actual price that a consumer pays for one unit of goods or services. inflection point. Not everyone uses it, and some say the word just to be funny, but in case you hear someone ask, “Are you making any dough?” you’ll understand what they’re saying. the left parallel to itself by the amount of the tax. When the price of a good or service falls, the quantity demanded increases. An angle can be thought of as the counterclockwise rotation of its initial side into its terminal side. Demand curve: A graph illustrating demand, with prices on the vertical axis and quantity demanded on the horizontal axis. Appraisal: The appraisal determines the value of the property in question, which It includes: How many people have jobs How much money businesses are making How well the stock market is doing Although the phrase "economic climate" isn't negative, people mostly use it when the economy is bad. It’s the thermodynamic law of money… right?