Richard Stone was a Keynesian economist and pioneer in the development of systems of national accounting, for which he received the 1984 Nobel Prize in economics. Stone is the author of Input-Output and National Accounts, and Mathematical Models of the Economy and Other Essays. Richard Stone died on Dec. 6, 1991. Key Takeaways Richard Stone was
What Is the Richmond Manufacturing Index? The Richmond Manufacturing Index is a gauge of manufacturing activity in the Fifth Federal Reserve District published by the Federal Reserve Bank of Richmond. Key Takeaways The Richmond Manufacturing Index is an index of manufacturing activity in the Fifth Federal Reserve District, which covers Maryland, North Carolina, the District
What Is the RICS House Price Balance? The term RICS House Price Balance refers to a housing survey published by the Royal Institute of Chartered Surveyors (RICS) in the United Kingdom. The RICS House Price Balance is conducted monthly and is based on opinions about housing price trends from a sample of property surveyors based
What Is Riding the Yield Curve? Riding the yield curve is a trading strategy that involves buying a long-term bond and selling it before it matures so as to profit from the declining yield that occurs over the life of a bond. Investors hope to achieve capital gains by employing this strategy. As a trading
What Is the Right of Rescission? The right of rescission is a right, set forth by the Truth in Lending Act (TILA) under U.S. federal law, of a borrower to cancel a home equity loan or home equity line of credit (HELOC) with a new lender, or to cancel a refinance transaction done with another lender
What Is Right Hand Side (RHS)? The right hand side (RHS) refers to the offer price in a currency pair and indicates the lowest price someone is willing to sell the base currency. A foreign exchange quote reflects how much of the quote currency, which is listed second in the pair, it takes to buy
What Is a Right Of First Refusal? Right of first refusal (ROFR), also known as first right of refusal, is a contractual right to enter into a business transaction with a person or company before anyone else can. If the party with this right declines to enter into a transaction, the obligor is free to
What Is the Right of Foreclosure? The right of foreclosure describes a lender’s ability to take possession of a property through a legal process called foreclosure when a homeowner defaults on mortgage payments. The mortgage’s terms will outline the conditions under which the lender has the right to foreclose. State and national laws also regulate
What Is Right-Shoring? Right-shoring is the placement of a business’s components and processes in localities and countries that provide the best combination of cost and efficiency. It is a strategy in which a business analyzes the complexity and importance of required tasks and entrusts their completion with the most suitable workforce, regardless of location. Right-shoring
What Is a Rights Offering (Issue)? A rights offering (rights issue) is a group of rights offered to existing shareholders to purchase additional stock shares, known as subscription warrants, in proportion to their existing holdings. These are considered to be a type of option since it gives a company’s stockholders the right, but not the obligation
