Point of diminishing returns: An inflection point on the graph of a function beyond which the function output increases at a decreasing rate. A graph increases to the relative maximum and decreases after it. Unit of measure: A word or short phrase telling how a quantity is measured, not an entire description telling what the variable represents. mortgages with LTVs of 80.01 percent or greater). 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%. The average rate of change is the slope of the secant line. payment of your proposed loan by your gross monthly income. as much equity as possible. Portfolio: The entire collection of financial assets held by an investor. Everyday English Speaking Course #1 – It will/could happen any minute/day now. factors other than money which create changes in a good’s demand or supply. the equity, the lower the risk - and therefore the lower the interest rate, An appraiser Functions are represented verbally by word descriptions, numerically in tables, visually with graphs, or algebraically with equations. Legal Incidence vs. Economic Incidence of a Tax Legal incidence refers to the division of a tax burden according to who is required by law to pay the tax, while economic incidence refers to the division of a tax burden according to who actually pays the tax after all price adjustments are taken into account. Income-to-debt ratio: Your income, debt, and mortgage payments make up your income-to-debt ratio. rising. Cash instrument: An instrument whose value, unlike that of a derivative instrument, is determined directly by the markets. for the loan, you pledge real property (land and/or a building) as security Or WebEx. This is due to the law of diminishing Again, if the ratio falls within prescribed 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 Premium: The purchase price of an option. Kurtosis: A parameter describing the peakedness and tails of a probability distribution. uying this building is a big asset to your business. The rate of change of a linear function is its slope. value of your property. Four-Step Method: An algebraic method of finding the derivative of a function using the definition of the derivative. amount is 80.01 percent or more of the property value (loan-to-value ratios (TBH full form) on Facebook, Instagram, Texting, Subject and Predicate. If the model has been written in such a way that its parameters can be consistently estimated from the observables, then the parameters are identified. English English American ... phrases. much a lender will allow you to refinance your property for and how much The elasticity of supply how much any change in the price of a good or service affects the amounts producers supply. The higher the elasticity, the greater the change in supply per dollar increase or decrease in price. A “starving artist” is basically a newly emerging artist who doesn’t make a lot of money and spends more on art supplies than basic things like food, shelter, etc. is based on information provided to ditech.com verbally and as set forth on If something is “on the house,” it’s free and paid for by the restaurant. I’m guessing that’s where the expression came from.eval(ez_write_tag([[250,250],'myenglishteacher_eu-large-mobile-banner-1','ezslot_16',678,'0','0'])); If somebody is “loaded,” it might mean that they have guns filled with bullets and ready to fire. a homeowner's unencumbered interest on real estate. A List or collection of the words or phrases of a language, technical field, etc., usually arranged in alphabetical order and defined 3. Usage: provide reasons for what has been stated or has occurred. Maybe even a steal. an individual or organization that makes or provides goods and services to fulfill consumers’ needs and desires. 5 Common ANGRY Synonyms. Rates, terms, and APR: All mortgages have an interest rate, a term, and an annual percentage rate You can google “moola etymology” and see what comes up. less and less marginal utility compared to the previous ones. I strongly/firmly believe. So, $50,000 becomes “50K,” $200,000 becomes “200K,” etc. If x is the input symbol and f is the rule, then f(x) symbolizes the output. Quick Ratio – This ratio, also called "acid test" or "liquid" ratio, considers only cash, marketable securities (cash equivalents) and accounts receivable because they are considered to be the most liquid forms of current assets. are satisfied, the loan will receive final approval. Unlike APR, APY indicates the affect of the compounding periods. Locking in a One of the methods for computing probabilities is to find areas under probability density functions. 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. It’s the thermodynamic law of money… right? Law of Demand The concept that people are normally willing to buy less of a product if the price is high and more of a product if the price is low. “College loans are gonna cost me an arm and a leg. This schedule will show how much of each payment will go toward interest an area of social studies which studies and measures how people make choices to satisfy unlimited wants and needs with the limited resources available to them. you enjoy savings right now. Most people do not have the resources to live like Bill Gates. paid for by the loan. The slope of the secant line through two points is the average rate of change of the quantity between the input values of those two points. Calculus: The branch of mathematics involving derivatives and integrals. The NOTE that is a personal obligation to repay the loan on a timely People's voting habits are influenced by political, social, and economic factors. The marginal rate of ensuring that your insurance and tax payments are made on time. In this function, a is called the leading coefficient. Why People Trade? Sustainable development is the pathway to the future we want for all. You can think of equity as the part of your property This provides your housing-to-income ratio. 2) A blessing in disguise - Something good that isn’t recognized by first But we can also use more descriptive words that mean the same thing as “rise” and “fall.”. I’ve also heard people say that money is burning a hole in their wallet. In general, we measure absolute prices in terms of dollars and relative prices in terms of units of some other good. an additional 7.625 percent of the current loan balance every year. Everytime you go there, your friend might give you some drinks on the house. Generally the higher this percentage is over 75%, the more vulnerable a concern becomes to unexpected hazards and business climate changes. The slope of a curve (graph) at a point is the slope of the line tangent to the curve at that point (provided the slope exists). I tried to include mostly expressions that I find common as an English speaker. You often find duty-free stores in airports or the entire state of Delaware. Approximate change in a function: The rate of change of the function times a small change in the input of the function. Use this phrase to say that an event is definitely going to happen VERY soon, but it is not known exactly when. Angle: The amount of rotation in a turn. the information you provide in the online application. arrange an appraisal of your property to verify its value. ratio. For instance, the information on price and quantity demanded presented in a table/demand schedule is collectively referred . Examples: Nike produces shoes, Apple produces consumer electronics. Business English Vocabulary These pages list some of the most common words and phrases, with definitions and sample sentences, in 22 different areas of business, together with British and American equivalents for common financial terms. As a result, your monthly payment will pay the principal Black-Scholes Theory: Another name for option pricing theory. Knowing how to compare and contrast is a particularly useful tool to get your point across in an interesting way. for the lender's service of lending you the money. For example, a mortgage might be defined as a 30-year fixed-rate guarantees a specified interest rate for a specified period of time. Words about money 3. An impound/escrow account can be a convenient and trouble-free manner point is interpreted as the point of most rapid change or least rapid change in an area near the This means you must Other Ways to Say “Once bitten twice shy.”, A BIG List of Prefixes and Suffixes and Their Meanings, 199 Phrases for Saying Thank You in Any Situation ✅. It’s the main tenet of the American Dream and a narrative driven to fame (and cliché) by Horatio Alger in the Gilded Age. Even the richest man in the world’s resources are limited to a certain degree. Business Cycle Frequency: The business cycle frequency is often considered to be three to five periods. Beta: A measure of systematic risk. The market demand curve is With a fixed-interest rate, the amount Separation of variables : A technique for solving certain differential equations in which all terms containing one variable are put on one side of the equation, all terms involving the other variable are put on to the other side of the equation, and then antiderivatives of both sides are taken. That is, the gradient of the gradient of a function. All files are available at http://home.ubalt.edu/ntsbarsh/Business-stat for mirroring. Option: A type of derivative instrument. many out there. At the time of closing your loan, a lender will often require It might be a bit uncomfortable… but quite a privilege right? A Collection of Financial Keywords and Phrases Common wisdom holds that the more equity a borrower has in a property, SHOPPING Phrases, Dialogs and Phrasal Verbs! Refinancing: Rolling in your loan costs is especially attractive when refinancing. Hedging: The taking of offsetting risks. This ratio is calculated using the following formula. Explanation of the English phrase "economic environment": The "economic environment" means the situation that the economy is in. This figure refers to the sales in China only. derivative or rate of change) at a point on a curve is the slope of the curve at that point (provided The balance of the principal (what you still owe at any given time) is reduced Usually, the first thing we learn in Economics 101 is supply and demand. taxes and insurance can be paid on time) and to pay the interest for the You can also say that you’re “just getting by” or “barely getting by.” You can even say that you’re “just scraping by”—picture yourself scraping the bottom of your wallet for those last pennies you have. Differential equations approach is an informal name for derivatives pricing models based upon the original Black-Scholes methodology. “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”). asked for various properties. Average rates of change have labels of output units per input unit. you actually own. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance. the value of the property, and the ratio between the two (known as the loan-to-value There are a lot of words that mean the same thing as “money,” but “cash” is a pretty common one. as a yearly rate. to refinance, you'd have a payback period of 12 months before you'd actually This Trade can help people specialize in different activities and helps them enjoy a variety of goods and services. The horizontal axis illustrates the amount consumers will buy, and the vertical axis shows the different possible prices of the good or service. For example, we can say that the price of gas is “soaring” or “skyrocketing,” which just means that it’s really rising. In order to two defining ratios: the housing-to-income ratio and the debt-to-income APY will be larger than APR any time interest is compounded more frequently than once a year. By using our services, you agree to our use of cookies. your new lower payments and your old ones. PITI: PITI is the acronym for Principal, Interest, Taxes and Insurance. Now picture yourself rolling in it. get more of Y, it becomes less valuable for us and we are willing to give Please note that impound/escrow own money, and cover the remaining $80,000 with a mortgage - 80,000 divided Learn an extensive list of 120+ transition words and phrases in English with example sentences. That is, if a quantity changes from a value of m to a value of n over a certain interval, the average rate of change equals n - m length of interval. If you do qualify for a loan, you can apply, and ditech.com will move to the next step of checking to see if For instance the marginal You can create an amortization schedule for fixed loans when they are originated. On the other hand, prices can also “drop,” “plummet,” or “plunge,” which mean the same thing as “fall” but more extreme. Thus, Private Mortgage These are said to have high elasticity. Utility the amount of satisfaction one gets from a good or service, Substitute a competing product that consumers can use in place of another, Excise tax a tax on the production or sale of a good, Regulation government intervention in a market that affect the production of a good, Equilibrium when supply and demand are equal, Assets resources and capital that positively impact your business model, Liabilities resources and capital that negatively impact your business model, More for you: Rule vs Law List of Most Common Political Terms with Their Meanings [Infographic]. I’m guessing that’s where the expression came from. If your friend tells that she bought her diamond ring using the five finger discount, you’ll know not to act so innocently. Annual percentage yield (APY): A percentage by which an investment grows over one year. If you are short on money, then you do not have a lot of money to spend. of 80.01 percent or more), unless otherwise restricted by laws in your area. cost, and fees associated with doing the loan. Income, debt, and mortgage payments: These are the primary factors that effect whether you qualify for a loan. The debt-to-income When it comes to money, however, it doesn’t hurt to throw a few expressions into your toolbox, just because there are so many out there. 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. That is, in addition to paying back the loan, you will pay your lender and part toward the repayment of the money you've borrowed (the principal). They often include discount I know I’m being cynical, but at least now you know the expression. Demand curve slopes downward because of the negative relationship between price and quantity demanded. Provided the slope exists, the slope of the tangent line at a point is a measure of the slope of the graph at that point and gives the instantaneous rate of change of the graph at that point. Making Complaints in English: in a restaurant, on the phone, by letter …, Difference between Silly – Absurd – Ridiculous, Animals List A-Z with Pictures [Infographic] – English Vocabulary for Kids, What are some good sayings for regretting something? Average rate of change: The amount that a quantity changes over an interval divided by the length of the interval. Linking words and phrases are used to show relationships between ideas. luctuations of input prices impact producers ability to supply goods and services. We can use linking words to give a result , add information , summarize , give illustrations , emphasize a point , sequence information , compare or to contrast idea . Business English Vocabulary. The interest rate is usually variable and is tied to the prime rate. Because this preapproval will qualify you for the loan. The interest rate in this example is 7.625 percent. An absolute minimum point is a local minimum point and occurs at an endpoint of the given input interval. A percentage rate of change at a point is found by dividing the rate of change at the point by the function value at that same point and multiplying the result by 100%. 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%. In other words, he or she is making bank—the big bucks. Just as something “on the house” is paid for by the management, something “on you” is paid by… you. The amount of time you have to pay back the loan is the note's term. In order to determine if you qualify for a loan, your lender will calculate Ask if you can volunteer. If you sold your property (for its appraised value), This loan-to-value ratio is one of the most important factors Y , therefore we can say that the marginal rate of substitution of X for This site may be mirrored intact (including these notices), on any server with public access. Sine and cosine functions have two inflection points in each cycle and an infinite number of inflection points over all real number inputs. There are three levels of economics, namely: When it comes to money, however, it doesn’t hurt to throw a few expressions into your toolbox, just because there are. If you say that you have money “burning a hole in your pocket,” then that means you really want to spend that money. Phrases for when you don’t have money 5. Piecewise continuous function: A function formed by combining two or more pieces of continuous functions. mortgage rate protects you against interest rate changes from the date of the a school of economics; See full entry ... Word Origin late 16th cent. Ito Process: An Ito process is a stochastic process: a generalized Wiener process with normally distributed jumps. be the marginal rate of substitution. A good way to do this is to simply call you the money. Work Simplification: Analysis of any aspects of work with the objective of removing any unnecessary obstacles to its effective achievement, such as motion and time study. and how much will go toward principal over the life of the loan. You might not want to be called that on a first date. Integration: The process of evaluating a definite integral to determine the accumulation of change or the process of recovering a quantity function from a rate-of-change function. of interest you owe will decrease as your principal balance decreases. When you borrow money against property, you commit to two financial documents: You are pledged to repay the mortgage loan, along with an additional charge In microeconomics, the word prices always refer to relative prices. It causes the demand curve to shift towards It includes: How many people have jobs How much money businesses are making How well the stock market is doing The "economic environment" is very similar to the "economic climate", although "economic environment" sounds a little more positive. Often, you might hear a cashier ask you if you’re using “cash or card” to pay for something. Variation: the spread of a set of observations or of a random variable, usually measured by the variance, the standard deviation, the range or the inter-quartile range. To determine Utility. Ban Ki-moon. For example, you buy a $100,000 home with a $20,000 down payment of your Housing-to-income ratio: Your income, debt, and mortgage payments are the primary factors that affect whether you qualify for a loan. Again, for In return While “filthy rich” means very rich, “dirt poor” means very poor. In fact, any situation that involves a inspirational climb from poverty to wealth can be described as “rags-to-riches.” For example. Despite a slight decline in the last few years, the number of motor vehicle thefts in Canada remains high. pay interest on the money you've borrowed at a rate of 7.625 percent per where prices are falling and there are more parties interested in selling than in buying. Function: A function is a rule that assigns exactly one output to each input. I am convinced that…. We use the words “rise” and “fall” to talk about how prices change. What is prequalification vs. preapproval: Ditech.com simultaneously gives prequalification and preapproval based upon with a mortgage. If you want, you can throw in the word “the” as part of the expression (“He’s making the big bucks”). The phrase allocation rule is sometimes used to mean the same thing as decision rule. Transitional words and transitional phrases can be used at the start of new paragraphs in your essays. Goods products, materials and any other physical things which can be bought, traded, or sold to individual consumers, or organizations. Examples include: getting a haircut, an accountant doing taxes, English lessons with a tutor. Percentage rates of change have labels of percent per input unit. The change in relative prices is not the same thing as changes in absolute prices. Enough to fill a bathtub, maybe. Pretty simple. At a point of inflection on a graph, the second derivative is zero or does not exist. primarily by the size of the loan, the value of the property, and the ratio Hessian Matrix: The Hessian matrix is the matrix of second derivatives of a multivariate function. Skype. Trend : As associated with limits, a trend is a value to which a quantity becomes closer and closer as the input becomes infinitely large or infinitely small. (the amount of your loan divided by the value of your property). Shutdown price: The price below which producers are not willing or able to supply any quantity of particular goods or services to consumers. Ratings transition matrix: A matrix indicating probabilities of upgrades or downgrades in bonds' credit ratings. the slope of the IC is simply the marginal rate of substitution of X for might be considered a rags-to-riches story. your qualification, the first thing ditech.com will do is divide the monthly Inflation: An ongoing rise in the average level of absolute prices. Total social gain: The benefit to society whenever consumers and/or producers have surplus funds. Example: It’s my understanding that adopting the Euro will benefit Europe’s economies in numerous ways. Economics - related words and phrases | Cambridge SMART Vocabulary The size of an angle is the measure of this rotation, and a negative sign in front of the size indicates clockwise rotation. Operational risk: Risk to financial or other institutions from inadequate or failed internal processes, people and systems or from external events. When a mortgage and all other debts It’s also useful in that it specifically refers to physical money, like paper and coins, as opposed to money represented electronically. You might hear somebody ask you, “How do you make a living?” or “What do you do to make a living?”. Degree: One of 360 equal parts into which a complete revolution is divided. By rolling in the cost of your refinance, your actual savings Indifference curves do not intersect each other. 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. Even the richest man in … Derivative instrument: An instrument which derives its value from the value of other financial instruments. PMI: Private Mortgage Insurance (PMI) is usually mandatory for loans when the Gamma: The Greek letter for the factor sensitivities measuring a portfolio's second order (quadratic) sensitivity to the value of an underlie. So it is important to not only be able to describe what the situation is with the economy, but also be sure that you both understand and use the economic terms and phrases correctly. Examples include: getting a haircut, an accountant doing taxes, English lessons with a tutor. you are planning to sell or refinance again in a few years because, in this LTV is a ratio expressing the value of your property to the amount of your the committed rate. in case you fail to live up to your obligation. Producers' willingness and ability to receive: The minimum amount of money that producers are willing and able to receive for supplying a certain quantity of goods or services. The performance of the economy is a common topic of conversation. Value-at-risk (VaR): A category of market risk measures. having more and more units of Y (measured on horizontal axis) and according We've found 24 phrases and idioms matching economic growth. subtracting the total of the unpaid mortgage balance and any outstanding By A Collection of Financial Keywords and Phrases, A Collection of Keywords and Phrases A graph decreases to the relative minimum and increases after it. Vertical Line Test: A method of visually determining whether a graph with inputs located along the horizontal axis and outputs located along the vertical axis is a function. A homeowner's equity increases as he or she pays off his or her mortgage Teval(ez_write_tag([[300,250],'myenglishteacher_eu-large-leaderboard-2','ezslot_18',672,'0','0']));he fact that when a good or service’s price increases, it causes a decrease in the quantity demanded by consumers. However, it might be even more common to be asked, “What do you do for a living?” which is just another way of asking what your job or occupation is. Posted on by in Conversation. you sell the property and pay back the remaining loan balance. Be careful, though, not to say “filthy poor” or “dirt rich.” It only works one way. Microeconomics a study focusing on individual consumers and organizations, their needs and wants, and the choices they make in regards to fulfilling these needs and wants with the scarce resources available to them. can also get cash for other purposes using the property as equity. This expression is very casual, though. 5 positive answers. A fall in demand shifts the demand curve to the left and a rise in demand shifts the curve to the right. X-bar chart: A quality control chart for the mean of a process. Despite what “filthy” usually means, being “filthy rich” isn’t a bad thing. 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) /