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.
Open Interest-A confirming indicator. An increase in open interest along with an increase in price is said to confirm an upward trend. Similarly, an increase in open interest along with a decrease in price confirms a downward trend.enefits of monitoring open interest. By monitoring the changes in the open interest figures at the end of each trading day, some conclusions about the day s activity can be drawn. Increasing open interest means that new money is flowing into the marketplace.