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angel

Overview page. Subjects: Financial Institutions and Services — Computing.

An investor in a high-risk enterprise. Traditionally, the term was applied to the financial backers of stage productions but it is now used increasingly for investors in e-business.

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Common Agricultural Policy

Overview page. Subjects: Science and Mathematics — Financial Institutions and Services.

(CAP)

A policy set up by the European Economic Community to support free trade within the Common Market and to protect farmers in the member states. The European Commission fixes a...

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enterprise zone

Overview page. Subjects: Earth Sciences and Geography — Financial Institutions and Services.

An area, designated as such by the government, in which its aim is to restore private-sector activity by removing certain tax burdens and by relaxing certain statutory controls. Benefits,...

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environmental audit

Overview page. Subjects: Environmental Science — Financial Institutions and Services.

An audit of the impact of the activities of an organization on the environment. Its purpose is usually to ensure that the organization has clear environmental policies, that its operations...

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heteroscedastic

Overview page. Subjects: Mathematics — Financial Institutions and Services.

In statistics, describing the errors in a regression analysis that are not constant for different values of the independent variable. Compare homoscedastic. See general autoregressive...

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Lotus 1-2-3

Overview page. Subjects: Financial Institutions and Services — Computing.

Trademark A spreadsheet program for personal computers originated by Lotus Development Corp. (now part of IBM). It provides statistical, database, and graph-drawing facilities.

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mean deviation

Overview page. Subjects: Science and Mathematics — Financial Institutions and Services.

In statistics, the arithmetic mean of the deviations (all taken as positive numbers) of all the numbers in a set of numbers from their arithmetic mean. For example, the arithmetic mean of...

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Ponzi scheme

Overview page. Subjects: Computing — Financial Institutions and Services.

A type of banking fraud named after Charles Ponzi, who operated such a scheme in the USA in 1920. Depositors are offered unsustainably high rates of interest (e.g. 50% p.a.) and are...

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prospect theory

Overview page. Subjects: Psychology — Financial Institutions and Services.

A theory, developed by the economists Daniel Kahneman and Amos Tversky, that seeks to explain how individuals make decisions when faced with uncertainty. It is central to the growing new...

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proximate cause

Overview page. Subjects: Financial Institutions and Services — Environmental Science.

The special or effective cause of a particular change, such as the combustion of fossil fuel, which causes increased levels of carbon dioxide in the atmosphere, which in turn causes global...

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