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Data Mining Financial Glossary

What is it? Obtaining information about customers or groups of customers from a data warehouse for marketing or other purposes.

Finance Term Definition Added By: Gabriel

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Other Similar Finance Terms:

Financial Term Tenancy by the Entirety is Joint ownership of a property by husband and wife. Ownership is passed to the surviving spouse, known as the right of survivorship.

Financial Term Band D Equivalent is The weighted number of domestic properties subject to Council Tax in a local authoritys area. It is expressed as a proportion to Band D which is the middle property band (e.g. 1 Band H = 2 Band D; 1 1/2 Band A = 1 Band D).

Financial Term Pensions Credit is To be introduced in October 2003, this replaces the Minimum Income guarantee. This will provide a minimum guaranteed level of income, but also rewards people with modest sums set aside for retirement and private pensions.

Financial Term Vesting Period is The period of time before shares are owned unconditionally by an employee in an employee stock option plan. If his/her employment terminates before this period ends, the company can buy back the shares at their original price.

Financial Term Statute of Limitations is A federal law that determines the time frame that a debt is collectable. Once a statute expires, the debt is legally unenforceable. However, it can still remain on your credit reports until the governing period of time, usually 7 years. Most statute of limitations to collect a debt is between 4-7 years.