Debasement refers to lowering the value of a currency, particularly of one based on a precious metal, by adding metal of inferior value.

Passbook Loan

A passbook loan is a personal loan made to a savings account holder by the custodial bank, which uses the balance of the savings account as collateral.

Asset-Conversion Loan

An asset-conversion loan is a short-term loan that is typically repaid by liquidating an asset, usually inventory or receivables.


Heteroskedastic refers to a condition in which the variance of the residual term, or error term, in a regression model varies widely.

Small And Mid-size Enterprise (SME)

A small and mid-size enterprise (SME) are businesses that maintain revenues or a number of employees below a certain threshold.


Rump is the name given to a minority group of investors who refuse to tender their shares in a corporate action, such as a rights issue. 

White Squire

A white squire, like a white knight, is an investor or friendly company which buys a stake in a target company to prevent a hostile takeover.
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