A Trustee's Sale is a foreclosure sale conducted by a trustee under the stipulations of a deed of trust, where the trustee is authorized to foreclose the mortgage and sell the property upon the borrower's default.
A trustor, also known as a settlor, is an individual or entity that creates a trust by transferring assets to a trustee for the benefit of specified beneficiaries.
The Truth in Lending Act (TILA) is a federal law designed to ensure that consumers are provided with accurate and transparent information regarding the cost of credit, allowing them to compare credit offers more effectively. It mandates commercial lenders to disclose the annual interest rate and total interest charges, and provides borrowers a three-day rescission period for certain secured loans.
Tuition refers to the amounts paid to an educational organization that maintains a regular faculty and curriculum and has a regularly enrolled body of students.
A tuition reduction is a benefit often provided to employees of educational institutions and their dependents, allowing for a reduction in tuition fees that is excludable from gross income.
A Tuition Tax Credit is a non-refundable credit offered by the federal government that can be used to offset the cost of college education by reducing the amount of tax owed.
Tulipomania refers to the speculative bubble in Holland during the early 1620s, characterized by incredibly high prices paid for tulip bulbs. It is frequently used to describe investment price rises that are unjustified by the underlying fundamentals.
The term 'Turkey' in finance refers to a disappointing investment. It may be used in reference to a business deal that went awry, to the purchase of a stock or bond that dropped in value sharply, or to a new securities issue that did not sell well or had to be sold at a loss.
A significant shift or turning point in a course of events, often indicating the commencement of positive change or improvement.
A favorable reversal in the fortunes of a company, a market, or the economy at large. Stock market investors speculating that a poorly performing company is about to show a marked improvement in earnings might profit handsomely from its turnaround.
Turnaround time refers to the period required to complete a task or fulfill an order once it has been initiated.
A foundational report providing directors of UK listed companies with guidance on risk management, internal controls, and their obligations under the Corporate Governance Code.
A turnkey project refers to a type of project that is constructed or manufactured by a company and completed in its entirety before being handed over to the client, who can then immediately use it.
Turnover, also known as sales revenue, represents the total income generated by an organization from selling goods and services, excluding discounts and taxes, within a specified period.
The turnover ratio is a financial metric that evaluates the efficiency with which a company utilizes its assets to generate revenue. It is an important indicator of operational performance.
A turnover tax is a tax assessed on a good at an intermediate stage of production rather than on the finished good, commonly referred to in comparisons with Value-Added Tax (VAT).
Twin Plants, or maquiladoras, refer to manufacturing facilities in Mexico often employed by U.S. companies for their cost-effective labor and proximity to the U.S. market.
Twitter is a popular microblogging site where users can share and interact with messages, called tweets, limited to a character limit, inspiring concise and timely communication.
Two and Twenty is a typical formula for compensation of hedge fund managers, where 2% of total asset value is charged as a management fee, and an additional 20% of profits is taken as a performance fee.
A two-column cash book that records receipts and payments made but does not record discounts allowed or discounts received.
A two-tailed test, also known as a two-sided or nondirectional test, is a method in hypothesis testing that examines whether two estimates of parameters are equal without considering which one is smaller or larger. This type of test rejects the null hypothesis if the test statistic is significantly small or large.
A governance structure utilized by some large organizations, involving both a board of management and a supervisory board, designed to enhance corporate governance.
Two-Tier Wage Plans involve union wage concessions that allow new employees to be paid a lower rate than veteran employees, aiming to enable companies to compete more effectively.
Two-Way ANOVA is a statistical test procedure that assesses the effect of two independent variables on a dependent variable by examining the interaction between these variables.
A tycoon is a leader in business who has achieved great wealth, power, and influence, often synonymous with terms such as industrialist, magnate, or corporate captain.
Tying contracts are contractual agreements where sellers grant buyers access to a product only if the buyers also agree to purchase additional products. These agreements are forbidden under Section 3 of the Clayton Antitrust Act.
In statistical testing, a Type 2 Error occurs when the null hypothesis is not rejected even though it is false. This error, also known as a false negative, has significant implications in hypothesis testing as it can lead to incorrect conclusions.
In statistical hypothesis testing, a Type I Error occurs when the null hypothesis is rejected when it is actually true. This incorrect rejection leads to a false positive result.
A typeface is a particular design of lettering that includes an entire set of characters in a consistent style, including letters, numbers, punctuation marks, and special symbols. It is characterized by its specific weight, style, and overall aesthetic. The term is often used interchangeably with 'font,' although technically, a font refers to a specific size and style (e.g., 12-point bold) of a typeface.
A typewriter is a mechanical or electromechanical device used to produce printed characters on paper by striking a ribbon with a type element, typically used for writing compositions and documents.
An underdeveloped country, also known as a Third World country, is a nation characterized by a low level of economic development, widespread poverty, low per capita income, and scarce social infrastructure. These countries often face challenges such as political instability, inadequate healthcare, and limited educational opportunities.
