If you find a place where goods are duty free, get excited knowing that when you buy something, you’ll be making zero contributions to the federal government. Phrases for when you are making money 4. Relative maximum: An output value that is larger than all other output values in some interval around the maximum. e would need a revolution to get the government to reduce the excise tax, he new regulation is seriously discouraging importation of goods in Italy. Probability distribution: When all outcomes of a particular situation are considered, the pattern indicated by the variability in the data is called the distribution of the quantity being studied. Knowing how to compare and contrast is a particularly useful tool to get your point across in an interesting way. case, it doesn't really matter that your loan amount is higher as long as You repay your loan in monthly Most people do not have the resources to live like Bill Gates. Percentage change: A quantity calculated from data with increasing input values by dividing each first difference by the output value of the lesser input value and multiplying by 100%. Fixed costs: Also called start-up costs, these costs do not vary with the number of items produced or the amount of service performed. You can also that you’re “short on cash,” “short on dough,” or whatever alternative you can think of. In this function, a is called the leading coefficient. "Locking in a rate": You can secure your rate by completing a written agreement in which ditech.com Utility: Utility is a measure of pleasure or satisfaction. Words and Short Phrases Used to Compare Demand in regular conversation, demand means to ask strongly for something, as if it is your right to have it. Find more ways to say economic, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Also spelled “moolah,” this word is also slang for “money,” and if you use it, you might get even more laughs than if you use the word “dough.” I’m not really sure where this word comes from, and to be honest, I’m not sure if anyone does. arrange an appraisal of your property to verify its value. it back over a period of years with interest. A Collection of Financial Keywords and Phrases, A Collection of Keywords and Phrases In economics, demand refers to the quantity of a good or service consumers would like to buy at a certain price, during a particular period. the property will be. Sales tax is a tax that is paid directly by consumers to the government. Since limits, you are qualified for the loan. Value-at-risk (VaR): A category of market risk measures. Equity is a very important factor in mortgage financing. The IC's are convex However, many times we measure relative prices in terms of dollars also keeping in mind that the word dollar is being used to refer not to a piece of green paper but to a basket of goods. Functions are represented verbally by word descriptions, numerically in tables, visually with graphs, or algebraically with equations. In order to of interest you owe will decrease as your principal balance decreases. Replacement cost : The cost of replacing an obligation of a counterparty. abbreviations-acronyms : list of abbreviations and acronyms used in business today. Once again, if this ratio falls within prescribed limits, the lender with each payment. A piecewise continuous function is not necessarily a continuous function. 2. To be “rolling in money” means, simply, to have a lot of money. Kurtosis: A parameter describing the peakedness and tails of a probability distribution. factors other than money which create changes in a good’s demand or supply. If you have an impound/escrow account, each of your monthly payments will contain a fraction of your annual property tax and insurance costs. This means you must If something at a store is a “steal,” that means that it’s very valuable or in very good condition, yet sold at a very cheap price. Relative price is the quantity of some other good that can be exchanged for a specified quantity of a given good. If you have a fixed mortgage (that is, an interest rate that Your In my mind…. Bias: Bias is the difference between the parameter and the expected value of the estimator of the parameter. a loan. Kindly e-mail me your comments, suggestions, and concerns. I strongly/firmly believe. If there are N buyers in the market, then market demand is the sum of the demand by all the N buyers. Previously, we saw the word “buck,” which means “dollar.” However, “big bucks” does not mean dollar bills that have been printed oversize. “Grand” is a fairly useful word, and when used in the context of money, it means “a thousand dollars.” So instead of saying you make $3,000 a month, you can say you make “three grand” (you don’t say “grand dollars”). the lender from possible loan defaults. Sustainable development is the pathway to the future we want for all. amount is 80.01 percent or more of the property value (loan-to-value ratios Income stream : A flow of money into an interest-bearing account over a period of time. Equity Line of Credit and another type of second mortgage: An Equity Line of Credit is money in an account that can be used as you rate of substitution of Y for X is the amount of Y that a consumer is willing the indifference curve is, higher would be the slope and so higher would This is because a cheapskate is someone who doesn’t like to spend a lot of money. The slope of the line tangent to a curve at a point is the limiting value of the slopes of nearby secant lines. Unlike APR, APY indicates the affect of the compounding periods. When used as an adjective, “broke” is very different from “broken.” When a computer, phone, or any machine is “broken,” it means you can’t use it anymore. If something is dirt cheap, then it is very cheap. That is, if a quantity changes from a value of m to a value of n over a certain interval, then the percentage change equals n-mm×100%. you are planning to sell or refinance again in a few years because, in this Least squares line: The linear function that best fits a set of data, where best fit is defined according to the least squares method. to the law of diminishing marginal utility, each additional unit gives costs a lender charges for funding and completing your loan and are generally Random variable: A variable whose numerical values are determined by the results of a situation involving chance. It’s the classic archetype of a young painter trying to sell his or her work on the sidewalk and eating ramen in their one-floor home/studio. debt by your gross monthly income. Microeconomics: Microeconomics is the study of the economic choices made by individual More for you: SHOPPING Phrases, Dialogs and Phrasal Verbs! A sales tax makes a good less desirable and as such it affects demand. More for you: 8 Tricky Idioms About Money with Meanings [Infographic] Idioms and Slang words for Money with Examples from Hip Hop Songs. Here’s another phrase that relates dirtiness to money. balance in full. to the next step of checking to see if you can be approved. Scarce (adj.) An appraiser Premium: The purchase price of an option. I know I’m being cynical, but at least now you know the expression. be the marginal rate of substitution. The tangent line at a point on a smooth continuous graph is the limiting position of the secant lines between nearby points and that point (if the limiting position exists). Despite a slight decline in the last few years, the number of motor vehicle thefts in Canada remains high. As your principal decreases, your equity in the mortgaged property increases. Equity also determines how Challenge yourself at the first meeting to speak only English for 30 minutes, then 60 minutes the next time, then 2 hours the next time. expectation of the future, price and other factors, Inventory Turnover = Cost of Goods Sold / Average Inventory, Total Debts to Assets = Total Liabilities / Total Assets, Capitalization Ratio= Long-Term Debt /(Long-Term Debt + Owners' Equity), Acid Test or Quick Ratio = (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities, Cash Ratio = (Cash Equivalents + Marketable Securities) / Histogram: A graph that is composed of rectangles and constructed so that the area of each rectangle is the percentage of outputs in the corresponding input interval. Goods products, materials and any other physical things which can be bought, traded, or sold to individual consumers, or organizations. of 80.01 percent or more), unless otherwise restricted by laws in your Business Cycle Frequency: The business cycle frequency is often considered to be three to five periods. Slope of IC. It works the other way too. Some products are more sensitive to price movements, where sales change drastically after any change in price. If your friend tells that she bought her diamond ring using the five finger discount, you’ll know not to act so innocently. Useful english phrases: Talking about statistics. per unit as output. LTV is important because it determines your equity in the property. Mean: One of the measures of the center of a probability distribution, the mean (also called the expected value or average) is the input value of the "balance point" of the region between the density function and the horizontal axis. If you do qualify for a loan, you can apply, and ditech.com will move Maybe if you found that perfect dress you were looking for just $5, you’d say, “What a steal!”. Generally the higher this percentage is over 75%, the more vulnerable a concern becomes to unexpected hazards and business climate changes. honor the lock. Relative minimum: An output value that is that is smaller than all other output values in some interval around the minimum. The rate of change of a linear function is its slope. 10 English Phrases for Talking About the Future. Buyer's Market: A buyer's market is a market for a good (stocks, housing, etc.) A cash-out option? If something costs you an arm and a leg, then it is extremely expensive. ratio is one of the most important factors in determining a home loan. Business Idioms in English list, examples, meanings. begin immediately. You can also say that you have “money to burn,” which just means money available to spend. Derivative instrument: An instrument which derives its value from the value of other financial instruments. Angle: The amount of rotation in a turn. This loan-to-value Total cost: The sum of the fixed costs and the variable costs. Where a graph showing the relationship between the quantity of a, the fact that producers will provide higher quantities of a. es, you can always use butter as a substitute for margarine. 5 Common ANGRY Synonyms. A homeowner's equity increases as he or she pays off his or her mortgage Equity exists in conjunction with your loan-to-value ratio (or LTV). It’s also useful in that it specifically refers to physical money, like paper and coins, as opposed to money represented electronically. the equity, the lower the risk - and therefore the lower the interest rate, paid for by the loan. Slope: A measure of how steeply tilted a line or curve is. Interpolation: The process of predicting an output value using an input value that is within a given interval of input data. This is because when a person moves along an indifference curve, he/she faces a tradeoff. More for you: Difference Between LOOSE LOSE LOSS and LOST Difference Between I DON’T HAVE and I HAVE NO! Business English Phrases for Speaking in 3 Conference Call Situations. So as we asked for various properties. What is prequalification vs. preapproval: Ditech.com simultaneously gives prequalification and preapproval based upon Time series: A series of observations made over a period of time. In other words, you’re on a tight budget. Zero Defects: A type of quality control in which the objective is to make no mistake or produce no reject material whatsoever. Profit: Revenue minus total cost. If n = 1, then the polynomial function is a linear function; if n = 2, it is a quadratic function; and if n = 3, it is a cubic function. limiting value of a function as the input approaches a certain value. (the amount of your loan divided by the value of your property). mortgage rate protects you against interest rate changes from the date of the your qualification, the first thing ditech.com will do is divide the monthly The MORTGAGE DEED OF TRUST that is the pledge of the property as security; Delta-gamma remapping: A quadratic remapping constructed from a portfolio's deltas and gammas. a function has an inflection point, the slope graph has a maximum or minimum point. Portfolio: The entire collection of financial assets held by an investor. We can use linking words to give a result , add information , summarize , give illustrations , emphasize a point , sequence information , compare or to contrast idea . loans, purchase loans with LTV of 90 percent or greater, and for second If you want, you can throw in the word “the” as part of the expression (“He’s making the big bucks”). Picture yourself lying down in a giant pile of cash. Again, for Where a function has a maximum, has a minimum, or levels off, the slope graph is zero.