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Meaning / Definition of
Economic Derivative
Categories: Options, Economics,
A type of derivative contract this is based upon the future value of a specified national economic indicator. This indicator can be retail sales levels, domestic product, or non-farm payrolls. These types of derivatives are generally in the form of digital or binary options.
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Definition / Meaning of
Home Equity
Categories: Credit and Debt, Real Estate, Legal, ,
The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.
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