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.
Loading the player... Unearned revenue is money received by an individual or company for a service or product that has yet to be fulfilled. Unearned revenue can be thought of as a prepayment for goods or services that a person or company is expected to produce for the purchaser.