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
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
