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.
conflict of interest. n. a situation in which a person has a duty to more than one person or organization, but cannot do justice to the actual or potentially adverse interests of both parties.ncompatibility of professional duties and personal interests has led Congress and many state legislatures to enact statutes defining conduct that constitutes a conflict of interest and specifying the sanctions for violations.