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The dismal science is a derogatory term for the discipline of economics. [1] Thomas Carlyle used the phrase in his 1849 essay " Occasional Discourse on the Negro Question " in contrast with the then-familiar phrase "gay science" used to refer to the art of troubadours .
Money disorders refer to problematic financial beliefs and behaviors that can cause significant distress and hinder one's social or occupational well-being. These issues often stem from financial stress or an inability to effectively utilize one's financial resources, leading to clinically significant challenges.
Malaise is a non-specific symptom and can be present in the slightest ailment, such as an emotion (causing fainting, a vasovagal response) or hunger (light hypoglycemia [2]), to the most serious conditions (cancer, stroke, heart attack, internal bleeding, etc.).
Ranald Mitchell, director of Charwin Mortgages, says: “Financial health isn’t about wealth, it’s about balance, resilience, and creating the security needed to thrive in the present while ...
It is related to, or also known as, financial abuse, which is the illegal or unauthorized use of a person's property, money, pension book or other valuables (including changing the person's will to name the abuser as heir), often fraudulently obtaining power of attorney, followed by deprivation of money or other property, or by eviction from ...
Financial institutions or other transaction counterparties may hedge or take out credit insurance or, particularly in the context of derivatives, require the posting of collateral. Offsetting counterparty risk is not always possible, e.g. because of temporary liquidity issues or longer-term systemic reasons. [ 16 ]
Financial distress is a term in corporate finance used to indicate a condition when promises to creditors of a company are broken or honored with difficulty. If financial distress cannot be relieved, it can lead to bankruptcy. Financial distress is usually associated with some costs to the company; these are known as costs of financial distress.
The term "toxic asset" is generally associated with financial instruments like CDOs ("collateralized debt obligations", assets generated from the resale of portions of a bank's mortgages), CDS ("credit default swaps"), and the subprime mortgage market—particularly the lower tranches—but the term does not have a precise definition.