Leasehold is a form of property ownership where you buy the right to occupy a property for a fixed period,…
Laissez-faire is an economic philosophy advocating minimal government intervention. It emphasizes free markets, private property, and individual economic freedom, believing…
Keynesian economics, developed by John Maynard Keynes, advocates for government intervention to stabilize economies, particularly during recessions, by managing aggregate…
A joint account is a bank account held by two or more individuals. All account holders have equal access and…
A term describing excessive investor optimism and inflated asset prices detached from fundamental value. It signifies a market bubble driven…
The 'invisible hand' is a metaphor for the self-regulating nature of the marketplace. It suggests that individuals pursuing their own…
An investment trust is a type of closed-end investment company that pools money from shareholders to invest in a diversified…
An interim solution is a temporary measure put in place to address an issue until a permanent solution can be…
An interest-only mortgage allows borrowers to pay only the interest for a set period. After this period, payments increase to…