Super Finance Glossary


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Glossary term Recession: A temporary downturn in economic activity, usually indicated by two consecutive quarters of a falling GDP.
Glossary term Contingent claim: A claim that can be made only if one or more specified outcomes occur.
Glossary term General partner: A participant who has unlimited liability for the obligations of a partnership.
Glossary term Multiple-issuer pools: Under the GNMA-II program, pools formed through the aggregation of individual issuers' loan packages.
Glossary term Tax haven: A nation with a moderate level of taxation and/or liberal tax incentives for undertaking specific activities such as exporting or investing.