What is the Unit of Production Method of Depreciation?  The Unit of Production Method is a depreciation method that measures the depreciation of an asset based on its usage and not just passage of time. When the unit of production method is used to gauge depreciation of an asset, the useful life of the asset is related to its usage over time, in ter...

What is a Short Sale (Real Estate)? In real estate, a short sale refers to the sale of a property at a value less than the amount owed on it. When a financial distressed owner sells his property at an amount less than what is needed to settle a mortgage debt, it is a short sale. When a lender secures a lies on a property due to the inability of a bo...

What is the Ashridge Mission Model?  The Ashridge Mission Model, proposed by Andrew Campbell, is a method that can be used to create or analyze a Mission, Sense of Mission, and Mission Statement.  What are the Elements of the Ashridge Mission Model?  It contains the following four elements which should be linked tightly together, resonating and rein...

What is a Chartered Portfolio Manager? A Chartered portfolio manager is a professional designation for individuals who are specialists in portfolio management. The American Academy of Financial Management (AAFM) is the authorized institution that confers the CPM designation on qualified individuals. AAFM was later changed to the Global Academy of Fi...

What is a Stepwise Regression? Stepwise regression is a statistical method of building a model in which an automatic selection of independent variables occur. This form of regression uses repetitive steps, in each step, there is a forward or backward selection of variables which is otherwise known as addition or removal of independent variables. The...

What are Anti-Stacking Provisions? An Anti-Stacking Provision is used in insurance policy to prevent multiple applications of deductibles or limits to a single loss or insured event. Insurance companies use stacking provisions or anti-stacking provisions for policies that last for a long period of time and are exposed to many insured risks. Anti-sta...

What is a Bailment? A bailment is a situation where the owner of personal property gives the property to another person to hold or to use in a specific manner. The owner of the property is called the bailor and the person receiving the property is called the bailee. A bailment can be express (pursuant to agreement by the bailor and bailee) or implie...

What is the Clean Hands Doctrine? The clean-hands doctrine gives the defendant in a civil chance a chance to argue against the claims of the plaintiff in cases where the plaintiff acts in bad faith or has acted unethically during the presentation of evidence. It is an equitable defense or assertion.  In such a case, the defendant would show, without...

What is a Tobin Tax?  The Tobin tax is a duty proposed on spot currency trades to penalize short-term currency trading in order to stabilize markets and disincentive speculation. The Tobin tax can be used to generate revenue streams for countries that see a great deal of short-term currency movement....

What is the Labor Force Participation Rate? The labor force participation rate (LFPR) measures the proportion of a countrys population that is active in the labor market. The rate examines the number of the working-age population that forms the active workforce of an economy. The section of a countrys working population that is measured by the labor...