If an item is considered affordable, it implies that its price is reasonable, inexpensive, and within the financial reach of the majority of individuals. Thus, an affordable product or service is characterized by its suitability for inclusion within most people’s monetary capacities. Within this context, the term “budget” pertains to […]
Author: financial Terms
What is a tip or to tip? Definition and examples
A tip can be a valuable piece of information, particularly concerning instructions or recommendations on financial investments. In the context of horse racing, it denotes advice on which horse to wager. In dining establishments, leaving a tip for the waiter signifies offering a small sum of money. It is customary […]
What is a viability study? Definition and examples
A viability study is a comprehensive examination aiming to assess the profitability of a business idea. Additionally, it seeks to ascertain the feasibility of transforming the idea into a functioning business entity. In the field of medicine, a viability study concerning the heart, for instance, endeavors to determine the vitality […]
What is a wearable computer? Definition and examples
A wearable computer is a diminutive computing device designed for accessory-like placement on a user’s body, notably the wrist. Wearable computers can serve specific purposes, like fitness trackers, or encompass a broad range of capabilities, similar to smartphones, as exemplified by smartwatches employing numerous “smart” functionalities. More sophisticated wearable computing […]