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Related to 'Sunk Cost'

  1. What's a Sunk Cost?

    A sunk cost was incurred in the past, is independent of future events and cannot be recouped. Economists teach that sunk ...
  2. What is the difference between capital investment decision and current asset decision?

    Learn how capital investment decisions are long-term funding decisions, while current asset decisions are short-term funding ...
  3. Understanding The Income Statement

    Learn how to use revenue and expenses, among other factors, to break down and analyze a company.
  4. Your Car: Fixer-Upper Or Scrap Metal?

    Sometimes buying a new car can be cheaper than shelling out for repairs.
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  1. Endowment Effect

    The endowment effect describes a circumstance in which an individual values something which they already own more than something which they do not yet own.
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    The self-enhancing bias is the tendency for individuals take all the credit for their successes while giving little or no credit to other individuals or external factors.
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  7. Base Rate Fallacy

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  8. Gentrification

    Gentrification refers to when a neighborhood or city undergoes urban renewal that often leads to the displacement of its previous occupants
  9. Home (legal definition)

    A home is the place where a person has their permanent primary residence to which they return, or intend to return.
  10. SENTRI

    This U.S. program grants pre-approved travelers access to a faster Customs and Border Protection process at land border crossings from Mexico into the U.S.
  11. Commercial Package Policy (CPP)

    An insurance policy that combines coverage for multiple perils, such as liability and property risk.
  12. Buffer Layer

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Hot Definitions
  1. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  2. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  3. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  4. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  5. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  6. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
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