- Browse Related Terms: Annual I-O accounts, Annual input-output accounts, Benchmark I-O accounts, Benchmark input-output accounts, Final demand, Government consumption expenditures and gross investment, Gross domestic product (GDP)-by-industry accounts, I-O accounts, I-O output multipliers, Input-output accounts, Input-output output multipliers, Intermediate inputs, Intermediate purchases, Margin, or margin costs, National income and product accounts (NIPAs), Producers' prices, Redefinition, RIMS II multipliers
- Browse Related Terms: Annual I-O accounts, Annual input-output accounts, Benchmark I-O accounts, Benchmark input-output accounts, Final demand, Government consumption expenditures and gross investment, Gross domestic product (GDP)-by-industry accounts, I-O accounts, I-O output multipliers, Input-output accounts, Input-output output multipliers, Intermediate inputs, Intermediate purchases, Margin, or margin costs, National income and product accounts (NIPAs), Producers' prices, Redefinition, RIMS II multipliers
All > Business > Finance > Personal Finance
Identity theft is the unauthorized use of your personal information, such as your name, address, Social Security number, or credit account information.
People usually steal your identity to make purchases or obtain credit, though they may also use the data to apply for a driver's license or other form of official identification.
- Browse Related Terms: CAC Digital Signature, Common Access Card (CAC), Electronic Signature (or eSignature), Identity Theft, Personal Identification Number (PIN), Phishing, Smishing
All > Business > Finance > Personal Finance > Consumer Credit
The theft of personal and/or financial information that identifies the consumer, and which is often used to apply for credit in their name. For instance, a thief may obtain your name and social security number and open accounts in your name. Consumers who are victims of identity theft have several protections available. See Identity Theft
State of Maine, Department of Professional and Financial Regulation - Cite This Source - This Definition- Browse Related Terms: Collateral, Consumer, Cosigner, Identity Theft, Investor, mortgage, Refinance, security, Security Interest, Telemarketing Fraud
See International investment position (IIP) of the United States
- Browse Related Terms: Direct investment income, Direct investment position, Direct investment position at current cost, Direct investment position at historical cost, Direct investment position at market value, Financial assets, IIP of the United States, International Investment position, International investment position (IIP) of the United States, International Investment position of the United States, Margin, Margin costs
All > Business > Finance > Insurance > Auto Insurance
A plan for people who can't obtain insurance through the voluntary market.
- Browse Related Terms: Actual cash value, Actual cash value (ACV), Aftermarket Crash Part, Arbitration, Assigned risk plan, Auto Replacement Coverage, Betterment, Exclusion, Full Tort, Illinois Automobile Insurance Plan (assigned risk plan), Liability, Liability Coverage, Property damage (PD), Total Loss
All > Business > Finance > Insurance > Auto Insurance
A fund that pays an insurer’s claims when the company is insolvent. All Illinois-licensed insurance companies belong to the Illinois Guaranty Fund.
- Browse Related Terms: agent, Broker, Conditions, Illinois Insurance Guaranty Fund, North Dakota Insurance Guaranty Fund, Producer (agent)
All > Business > Finance > Personal Finance
You buy an immediate annuity contract with a lump-sum purchase. You begin receiving income from the annuity either right away or within 13 months.
A fixed immediate annuity guarantees the amount of income you'll receive in each payment, based on the claims paying ability of the insurance company selling the contract.
A variable immediate annuity pays income based on the performance of the annuity funds, or subaccounts, you select from those available through the contract.
Immediate annuities appeal to people who want to convert a sum of money to a source of regular income, either for themselves or for another person. One way they're frequently used is as a source of retirement income.
- Browse Related Terms: Account balance, Accumulation period, Accumulation unit, Annuitant, Annuitization, Annuitize, Annuity, Annuity principal, Deferred annuity, Fixed annuity, Hybrid annuity, Immediate annuity, Income annuity, Life expectancy, Lump-Sum Distribution, Minimum required distribution (MRD), Nonqualified annuity, Split-funded annuity, Systematic withdrawal, Variable annuity, Withdrawal
INA means the Immigration and Nationality Act, as amended, 8 U.S.C. 1101 et seq.
- Browse Related Terms: Americans with Disabilities Act (ADA), Early cessation penalty, Fringe benefits, Immigration and Nationality Act (INA), Liquidated damage (LD), Procedural failure, Retaliation, state, Technical failures, United States worker
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The ratio of the current-dollar value of a series, such as gross domestic product (GDP), to its corresponding chained-dollar value, multiplied by 100.
- Browse Related Terms: Balance on goods and services, GDI, GDP, GDP by state, GDP price index, GDP-by-industry accounts, Gross domestic income, Gross domestic income (GDI), Gross domestic product, Gross domestic product (GDP) by state, Gross domestic product price index, Gross domestic product-by-industry accounts, Gross national product (GNP), Gross state product, Implicit price deflator (IPD), NDP, Net domestic product, Net domestic product (NDP), Net gross receipts, NGR, Statistical discrepancy, Value added
All > Business > Finance > Personal Finance > Mortgage
The assumption, prevalent in the financial markets, that the federal government will cover GSE debt obligations.
- Browse Related Terms: Conventional Conforming Mortgage Loans, Emergency Home Finance Act of 1970, Federal Housing Enterprises Financial Safety and Soundness Act of 1992, Federal National Mortgage Association Charter Act of 1954 (Charter Act), Government National Mortgage Association (Ginnie Mae), Government-Sponsored Enterprise (GSE), Housing and Urban Development Act, Implied Guarantee, Loan Type, Private-Label Mortgage-Backed Securities (Private-label MBS), Private-Label Mortgages, Senior Preferred Stock Purchase Agreement (PSPA)
Calculated based on the under-collateralization of a security, or any shortfall between a security's collateral pool balance and the aggregate unpaid balance of all pari passu obligations and senior securities backed by the same collateral pool.
- Browse Related Terms: Default, Foreclosure, Implied Writedown, Legacy Assets, liquidation, Market price, Mortgage-Backed Security (MBS), Asset-Backed Security (ABS), Collateral, Put Option, Foreclosure
Goods and services purchased by U.S. residents from foreign residents.
- Browse Related Terms: Capital transfers to the rest of the world (net), Dividends, Exports of goods and services, Foreign resident, Foreign residents, Imports of goods and services, Inward investment, Outward investment, U.S. resident, U.S. residents
All > Business > Real Estate
Same or similar to "escrow account." See also "escrow account."
- Browse Related Terms: Co-Signed Account, Escrow Account, Escrow Analysis, Impound account, Lease Purchase (Lease Option), Limited partnership, money-market account, PITI, PITIO, Principal, Interest, Taxes and Insurance (PITI), Principal, interest, taxes, and insurance payment (PITI), Rollover, Servicer, Servicing, Trust Account, Vested
All > Business > Real Estate
Any building, structure, place, work of art, or other object constituting a physical betterment of real property, or any part of such betterment.
- Browse Related Terms: Cast Iron, Entrance recess, Façade, Fenestration, Gutter, Historic windows, Improvement, Individual retirement account (IRA), Master plan, Materials, Pounds per square inch (PSI), Quoin, Residential Awning, restoration, Retractable Awning, Semi-detached, Setback, Shutter Dogs
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See Imputations
- Browse Related Terms: Compensation of employees, dividend, Factor income, Factor incomes, Imputation, Interest payments, Net gross receipts (NGR), person, Personal current taxes, Personal dividend income, Personal income receipts on assets, Personal interest income, Personal interest payments, Proprietors' income, Rental income of persons with capital consumption adjustment, Undistributed profits
Estimates of the value of certain income and product flows that do not take measurable monetary form. In the national income and product accounts (NIPAs) for example, BEA imputes a rental value to owner-occupied housing and a value to services that banks and other depository institutions provide without charge.
- Browse Related Terms: GNP, Gross domestic product (GDP), Gross investment, Gross national product, Imputations, National income, National income and product accounts, Net national product, Net national product (NNP), NI, NIPAs, NNP, Recession
All > Business > Finance > Personal Finance
Imputed interest is interest you are assumed to have collected even if that interest was not paid.
For example, you pay income tax on the imputed interest of a zero-coupon bond you hold in a taxable account even though the interest is not paid until the bond matures.
Similarly, you may be required to pay income tax on imputed interest if you make an interest-free loan, even if that loan is to your children or another member of your family. The government's position, in this case, is that you should have charged interest even though you didn't do so.
- Browse Related Terms: Budget, Consumer price index (CPI), Cost-of-living adjustment (COLA), Emergency fund, Holding period, Imputed interest, Savings bonds, Spending plan, US savings bond
All > Business > Finance > Personal Finance
An option is in-the-money at any point up to expiration if the exercise price is below the market price of a call option or above the market price of a put option. That means an in-the-money option has value.
For example, if you hold an equity call option with a strike price of $50, and the current market price of the stock is $52, the option is in-the-money.
As the option holder, you could buy the stock at $50 and either sell it at $52 or add it to your portfolio. Or, if you preferred, you could sell the option, potentially at a profit.
In-the-money options are generally among the most actively traded, especially as the expiration date approaches.
- Browse Related Terms: assignment, At-the-money, Automatic exercise, Call, Call option, Covered option, Exercise, Go short, Green shoe clause, In-the-money, Incentive stock option (ISO), Long position, Naked option, offset, Option, Option premium, Put option, Short position, Stock option, Strike price, Uncovered option, Writer
An account that has little or no activity; neither deposits nor withdrawals having been posted to the account for a significant period of time.
An account that has little or no activity; neither deposits nor withdrawals having been posted to the account for a significant period of time.
Office of the Comptroller of the Currency, U.S. Department of the Treasury - Cite This Source - This Definition- Browse Related Terms: Account History, Bank Statement, Billing Cycle, Cut-off time, Demand deposit, Escheat, Escrow Analysis, Exception Hold, Hold, Inactive Account, Individual retirement account (IRA), Overdraft, Preauthorized electronic fund transfers, Residual interest, Time deposit
All > Business > Finance > Personal Finance
An account that has no activity; neither deposits nor withdrawals posted to the account, for a significant period of time.
- Browse Related Terms: Availability date, Availability policy, Cut-off time, Deposit slip, Derogatory Information, Disclosures (Deposit), Escrow Analysis, Exception Hold, Float, Inactive Account, Uncollected funds