ACC Financial Glossary

What is it? Associate Candidate Countries

Finance Term Definition Added By: Makayla

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Other Similar Finance Terms:

Financial Term Consumer Price Index (CPI) is An economic gauge that tracks changes in consumer prices for a fixed number of goods and services, including housing costs, food, transportation and electricity. The CPI is generally used to measure inflation at the retail level.

Financial Term VA Mortgage is A mortgage, of which only Veterans are eligible, where the lender receives a guarantee to reduce loss from the Veterans Administration (VA). The major advantage of a VA mortgage is that the required down payment is very low, and maximum allowable loan amounts are higher than on FHA loans.

Financial Term Moral Hazard is Refers to human natures increased incentive to take risk when insured.

Financial Term Cooperative research project (for SMEs) is Projects enabling at least three mutually independent SMEs from at least two Member States or one Member State and an Associated State to jointly Commission research carried out by a third party. Also known as CRAFT.

Financial Term Liquidity is The flexibility of being able to obtain the cash value of investments without incurring significant loss.