What Is the Marginal Rate of Substitution (MRS)? The Marginal Rate of Substitution is the rate at which a consumer is willing to exchange units of good X for one more unit of good Y assuming both have the same utility. In economics, the MRS is the amount of a […]
Business
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What Is FF&E – Furniture, Fixtures, and Equipment? FF&E is an acronym for furniture, fixtures, and equipment. It refers to movable furniture, fixtures, or other equipment that have no permanent connection to the structure of a building. These items include desks, chairs, computers, electronic equipment, tables, bookcases, and partitions. FF&E […]
What Are Golden Handcuffs Golden handcuffs refer to any combination of rewards and penalties given to key employees encouraging them to remain with a particular firm. Golden handcuffs are a collection of financial incentives. They are intended to encourage employees to remain with a company for a stipulated period of […]
What is an Account Summary Statement? An account summary is a periodic statement of account activity. It usually includes a beginning date and an ending date. The most common type is a checking account summary statement, usually provided monthly. Monthly credit card bills are also considered to be account statements. […]
What is an NSF Fee for Non-Sufficient Funds? An NSF fee describes the fee charged when a check is presented but cannot be covered by the balance in the account. The term NSF stands for non-sufficient funds or insufficient funds. It refers to the status of a checking account that […]
What Is Market Risk Premium? The market risk premium is the difference between the expected return on an investment and the risk-free rate. The market risk premium is part of the Capital Asset Pricing Model (CAPM). Analysts and investors use it to calculate the acceptable rate of return for an investment. […]