What Is the Temporary Liquidity Guarantee Program (TLGP)? The Temporary Liquidity Guarantee Program (TLGP) was a direct bailout of the banking sector instituted in 2008 by the Federal Deposit Insurance Corporation (FDIC) during the worldwide banking crisis. The TLGP was one of many government interventions that resulted from the determination by the U.S. Treasury and
What Is the Greatest Generation? The Greatest Generation is a term used to describe those Americans who grew up during the Great Depression and fought in World War II, or whose labor helped win it. The term “the Greatest Generation” is thought to have been coined by former NBC Nightly News anchor and author Tom
What Is the National Association of College and University Business Officers (NACUBO)? The National Association of College and University Business Officers (NACUBO) is a membership organization of universities and other institutions involved in American higher education. The organization represents more than 1,900 educational institutions in the United States. It does this through public outreach and
What Is Temasek Holdings? Temasek Holdings is a sovereign wealth fund (SWF)—a state-owned company—that manages an investment fund on behalf of the Government of Singapore. Using federal reserves, it focuses on investments located in Singapore, China, and North America, as well as Europe and some emerging economies. Temasek Holdings has a portfolio of approximately SGD
What Is the Temporal Method? The temporal method (also known as the historical method) converts the currency of a foreign subsidiary into the currency of the parent company. This technique of foreign currency translation is used when the local currency of the subsidiary is not the same as the currency of the parent company. Differing exchange rates are
What Is a Temporary New Account? A temporary new account is a holding place set up within a fund to hold a balance as a result of a significant cash inflow or outflow to the fund. The account is set up to temporarily hold these funds until they can be distributed to unitholders, used to acquire additional
What Is Tenancy in Common (TIC)? Tenancy in Common (TIC) is a legal arrangement in which two or more parties share ownership rights in a real estate property or parcel of land. Each independent owner may control an equal or different percentage of the total property, whether commercial or residential. The parties are known as
What Is Tenancy at Sufferance? Tenancy at sufferance is an agreement in which a property renter is legally permitted to live on a property after a lease term has expired but before the landlord demands the tenant vacate the property. If a tenancy at sufferance occurs, the original lease conditions must be met including the
What Is a Tenancy-at-Will? A tenancy-at-will is a property tenure that can be terminated at any time by either the tenant or the owner/landlord. It exists without a contract or lease and usually does not specify the duration of a tenant’s rental or the exchange of payment. The agreement is governed by state law and the
What Is a Tender? The term tender refers to an invitation to bid for a project. Tendering usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline. The word tender can also refer to the acceptance of a formal offer, such as
