Super Finance Glossary
Over 10,000 financial glossary terms...
Random Glossary Terms
Demand-pull inflation: A theory of inflation or price increases resulting from so-called excess demand. Related: Cost-push inflation.
Salary reduction plan: A plan allowing employees to contribute pre-tax income to a tax-deferred retirement plan.
Lender of last resort: Traditionally the Federal Reserve Bank in the US, which assists banks that face large withdrawals of funds and in so doing stabilizes the banking system.
Probability distribution: A function that describes all the values a random variable can take and the probability associated with each. Also called a probability function.
Overshooting: The tendency of a pool of MBS to reflect an especially high rate of prepayments the first time it crosses the threshold for refinancing, specially if two or more years have passed since the date of issue without the weighted average coupon of the pool crossing the refinancing threshold.
