regular repeating pattern of economic activitya regular pattern of fluctuation in national income, moving from upturn to downturn in about five years
Recommended Further Reading (Term count)
Borrowing Costs and Capitalization The costs of borrowing are primarily made up of interest and issuance expenses. The interest rate assigned to a particular debt instrument is based on the level of default risk assumed by the investor. Several rating agencies assess the default risk of public debt issuances and provide a rating that is indicative of credit quality. The credit quality is greater for secured/collateralized senior debt than for unsecured subordinated debt issued by...
Warren Buffett The sage of Omaha Warren Buffett is a multibillionaire investor, businessman and philanthropist, and one of the most influential people in the financial world. As a child, he quickly started making business deals, before studying at Columbia Business School under investment guru, Benjamin Graham, the first proponent of value investing. He formed the investment firm, Buffett-Falk & Co., and worked as an investment salesman, before Graham offered him a job at the...
How to Use Receivables as Collateral This checklist explains how to use receivables as collateral when dealing with a bank or other financial institution.
Joseph Schumpeter Economist, and political scientist Joseph Schumpeter was an influential economist, classical liberalist, and political scientist, whose research on economic analysis, capitalism, business cycles, and entrepreneurship were central to the development of economic theory in the first half of the 20th century. He was Austrian minister of finance during a period of hyperinflation–which caused his dismissal–before turning to banking. As president of Biederman Bank, he made and lost a...