Growth Rate
Categories: Accounting, Business and Management, Economics,
A growth rate measures the percentage increase in the value of a variety of markets, companies, or operations. For example, a stock research firm typically tracks the rate at which a company's sales and earnings have grown as one of the factors in evaluating whether to recommend that investors purchase, hold, or sell its shares. Similarly, the rate at which the gross domestic product grows is a measure of the strength of the US economy.If you want to compare the vigor of entities or elements of different sizes, it's more accurate to look at growth rate than it is to look at the actual numerical change in value. For example, an emerging market might be growing at a much faster rate than a developed one even though the size of those economies is vastly different.
Featured term of the day
Definition / Meaning of
Preapproval
Categories: Finance,
When you're preapproved for a mortgage, the lender guarantees in advance the maximum you can borrow, provided your financial situation doesn't change before you find a home. You'll need to fill out a mortgage application with the lender to be preapproved, as well as provide verification of a regular source of income and authorize a credit check. Then the lender provides a letter confirming how much you'll be able to borrow. The preapproval process usually takes a week or two, but it may take only a few minutes if you apply for a mortgage online. Some, but not all, lenders charge a fee for preapproval.Preapproval is not a binding commitment for either the buyer or lender, but it can give you a competitive advantage. You know in advance how much you can afford, and sellers are confident your mortgage application won't be turned down. Plus, it can speed the process of closing the sale. If you're a first-time homebuyer or you're self-employed, it may be a good idea to consider getting preapproved.
Most popular terms
1. Subprime Loans2. Homeowners Policy Special Form 3 (HO 3)
3. Section 15 Declaration Of Incontestability
4. Retired Directors Liability Policies
5. Management Liability Insurance
6. Circuit Breaker
7. Standard & Poor's Depositary Receipt (SPDR)
8. Rating Bureau
9. Health Insurance
10. Mortgage Impairment Insurance
Search a term
Browse by alphabet
| A | B | C | D | E | F | G |
| H | I | J | K | L | M | N |
| O | P | Q | R | S | T | U |
| V | W | X | Y | Z | # |
Browse by category
AccountingBanking
Bankruptcy Assistance
Bonds and Treasuries
Brokerages
Business and Management
Compliance and Governance
Credit and Debt
E-commerce
Economics
Estate Planning
Forex
Fraud
Fundamental Analysis
Futures
Global
Insurance
International Trade
Investing and Trading
Ipos
Legal
Loan and Mortgage
Mergers and Acquisitions
Mutual Funds
Operation and Production
Options
Patent
Personnel Management
Real Estate
Retirement and Pension
Statistics and Risk Management
Stocks
Strategies
Tax
Technical Analysis
Venture Capital