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Latest Definitions

due diligence
Due Diligence
Due diligence is a comprehensive investigation and analysis process conducted to assess risks, verify information, and evaluate the viability and potential value of a transaction or decision.
Eminent Domain
Eminent Domain
Eminent domain is the legal power of a government to expropriate private property for public use, accompanied by the requirement to provide just compensation to the property owner.
confidence interval
Confidence Interval
A confidence interval is a range of values that provides an estimated range of plausible values for a population parameter, such as a population mean or proportion, based on a sample from that population.
earnest money
Earnest Money
Table of Contents What is Earnest Money? Purpose of Earnest Money How Much Earnest Money is Required? Is Earnest Money Refundable? The Earnest Money Deposit Process What Happens to Earnest Money at Closing? Potential Risks and Protections in Earnest Money Examples of Earnest Money Transactions FAQs Earnest Money: Definition, Purpose & Examples Written by Paul


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Daily Definition

Social Capital /səʊʃəl kæpɪtl/

Social capital refers to the links and bonds people form through friendships and acquaintances. These links can form through friendship groups, i.e. knowing a friend of a friend. Or, they can occur through daily social interactions.

Full Definition
Budget Deficit /‘bʌdʒɪt ‘dɛfɪsɪt/

A budget deficit occurs when the government spends more than it receives through taxation. For example, if it receives $2 trillion in tax receipts, but spends $2.5 trillion on public services – it has a budget deficit of $500 billion

Full Definition
Net Present Value /nɛt ‘prɛznt ‘væljuː/

Net Present Value (NPV) is the total value of future revenues, subtracted against any cash outflows during the same period. In other words, it calculates future streams of income and brings it in line to its present value. At the same time, it also factors in outflows.

Full Definition