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Hot Definitions
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Happiness Economics
The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth. -
Affluenza
A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements. -
Icarus Factor
The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure. -
Angelina Jolie Stock Index
An index made up of a selection of stocks from companies associated with actress Angela Jolie. -
Consequential Loss
The amount of loss incurred as a result of being unable to use business property or equipment. -
Lease To Own
An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time.
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