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.
Interest is another Latin verb hiding in plain sight. In Latin, it means âit is important,â literally âto be between,â which might help explain its early application in English for legal and business transactions. Its general association of attention and curiosity doesnât emerge until the 1770s.