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birthday paradox
Birthday paradox
The birthday paradox, also known as the birthday problem, is a probability phenomenon which states that in a group of randomly chosen individuals, the probability of two or more of them having the same birthday is actually quite high. The chance is more than 50% when the number of......
07/07/2023 
1055 
Emma
Joint account joint guarantee loan
Jointly insured loans are an attractive option for many individuals as they tend to carry a lower interest rate and can offer more flexible repayment terms than many traditional loans. Jointly insured loans, also known as joint and several liability loans, are loans that are guaranteed by two appl......
duty free
Tax relief is a term used to describe how a country encourages people or organisations to invest money in certain areas. It can take the form of tax exemptions, tax credits or lower taxes on certain activities. Governments may use tax relief to encourage investment in industries or sectors, to pro......
credit link note
A promissory note, also referred to as a demand note or an installment note, is a written legal document through which one party agrees to pay another party a specific amount of money on demand or at a predetermined date. Promissory notes are legally binding documents and can serve as important ev......
Demand Forecast
The Perils of Making Predictions
Aristotle, the ancient Greek philosopher, famously said, “It is the mark of an educated mind to be able to entertain a thought without accepting it.” As modern society attempts to better predict the future, this quote has taken on a new relevance. Making predict......
credit funds
Credit Loans
A credit loan is a type of loan offered by financial institutions to individuals or companies with an amount of money that must be paid back with interest on an agreed payment schedule. Credit loans are also known as personal loans or unsecured loans.
Unlike traditional forms of loa......
Trust Fund
Trust fund
A trust fund is an arrangement to hold and manage assets for the benefit of a person or entity. Trust funds commonly hold investments such as stocks, bonds, and other securities, but can include bank accounts, land, and other assets.
Trust funds are usually formed to carry out some ki......
specified purpose trust
A special purpose trust is a legal arrangement partly owned by the settlor (creator) and the beneficiary, with one or more trustees responsible for investing and managing the trust assets and safeguarding their interests. The purpose of such trusts is to provide financial support or some form of b......
Jorgensen model
Jorgenson Model
The Jorgenson Model was developed by Stanley Jorgensen and is a popular macroeconomic model used to measure the economic well-being of individuals, businesses and the world economy. The model is based on the concept of gross domestic product (GDP), which is the total output of goo......
marginal analysis method
In current business, many managers make decisions based on the estimated marginal revenue and estimated marginal cost. However, they are likely to make effective and efficient decisions if they use marginal analysis method. Therefore, this paper will introduce the concept of marginal analysis and i......
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