What Is a Term Sheet? A term sheet is a nonbinding agreement that shows the basic terms and conditions of an investment. The term sheet serves as a template and basis for more detailed, legally binding documents. Once the parties involved reach an agreement on the details laid out in the term sheet, a binding
What Are Terms of Trade (TOT)? Terms of trade (TOT) represent the ratio between a country’s export prices and its import prices. TOT indexes are defined as the value of a country’s total exports minus total imports. The ratio is calculated by dividing the price of the exports by the price of the imports and multiplying the result by
What Is Term to Maturity? A bond’s term to maturity is the length of time during which the owner will receive interest payments on the investment. When the bond reaches maturity the principal is repaid. Key Takeaways A bond’s term to maturity is the period during which its owner will receive interest payments on the
What Is Terotechnology? Terotechnology is a practice that leverages management, engineering, and financial expertise to optimize installation, operations, and upkeep of equipment. Terotechnology is derived from the Greek root word “tero” or “I care,” which is used with the term “technology” to refer to the study of the costs associated with an asset throughout its life cycle from acquisition to
What Is a Testamentary Trust? A testamentary trust is a trust that is established in accordance with the instructions contained in a last will and testament. A trust is a fiduciary relationship that allows a trustee, who is a third party, to manage assets on behalf of the beneficiaries of the trust. A person’s will
What Is Tether (USDT)? Tether (USDT) is a cryptocurrency stablecoin pegged to the U.S. dollar and backed “100% by Tether’s reserves,” according to its website. Tether is owned by iFinex, the Hong Kong-registered company that also owns the crypto exchange BitFinex. Tether was launched as RealCoin in July 2014 and was rebranded as Tether in
What Is Total Enterprise Value (TEV)? Total enterprise value (TEV) is a valuation measurement used to compare companies with varying levels of debt. It includes not only a company’s equity value but also the market value of its debt while subtracting out cash and cash equivalents. TEV is considered a more comprehensive alternative to market
What Is a Texas Ratio? The Texas ratio was developed to warn of credit problems at particular banks or banks in particular regions. The Texas ratio takes the amount of a bank’s non-performing assets and divides this number by the sum of the bank’s tangible common equity and its loan loss reserves. A ratio of
What Is the Texas Sharpshooter Fallacy The Texas Sharpshooter Fallacy is when outcomes are analyzed out of context, giving the illusion of causation rather than attributing the outcomes to chance. The Texas Sharpshooter Fallacy fails to take randomness into account when determining cause and effect, instead emphasizing how outcomes are similar rather than how they
What Is Tezos? Tezos is a blockchain network hosting the associated digital token Tez (XTZ), which is also known as tezzie. Like other cryptocurrency blockchains, Tezos facilitates user participation in decentralized finance (DeFi), decentralized applications and non-fungible token (NFT) projects. In contrast with other blockchains, Tezos precludes hard forks, or blockchain splits, with a blockchain-based
