Tandie A classified loan is a loan that is considered to be at risk of default by the lending institution. Classified loans are usually those that are more than 90 days past due or those with payment schedules that have been modified. What are the terms of a loan? The terms of a loan are the … Read more
A barrier option is an exotic type of option that gives the holder the right, but not the obligation, to either buy or sell an underlying asset at a predetermined price or strike price. The asset can be anything from a stock or commodity to a currency or interest rate. Barrier options are also known … Read more
Multinomial distribution is a probability distribution that describes the outcomes of a multinomial experiment. A multinomial experiment is an experiment that has multiple outcomes, each of which can be classified into one of several mutually exclusive categories. For example, consider an experiment that consists of flipping a coin three times. The possible outcomes of this … Read more
