Likewise fragility is defined as a concave sensitivity to stressors, leading to a negative sensitivity to increase in volatility. The relation between fragility, convexity, and sensitivity to disorder is mathematical, obtained by theorem, not derived from empirical data mining or some historical narrative. It is a priori.
unearned interest. Amount deducted as advance interest from a loaned sum. This amount is recorded as a liability in the books of the lending institution, and is gradually decreased as it is recognized as earned income over the life of the loan. Also called unearned discount.
Admission Against Interest. Definition. An out-of-court statement by a party that, when uttered, is against the party's pecuniary, proprietary, or penal interest and that is admissible under both an exclusion (admission by a party-opponent) and an exception (statement against interest) to the rule against hearsay.