Welcome to the 1520 Perfect Dictionary
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| Financial crisis | |
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| FINANCIAL CRISIS Definition: (informal) A situation in which the resources, especially the monetary assets of a person, organization or country, are unable to help meet its commercial obligations. ______________________________________________________________________ * All six elements would be in. 1. Usually not forecast or foreseen. And where impending 'doom' is predicted, disclosure will be too late for situation to be avoided. 2. Source(s) or cause(s) will be known or can be discovered - lack of supervision, absence of safety nets, lax regulations, failed policy, ineffective reform, if any, incompetent management, etc. 3. Measures to escape difficulty will be taken at a substantial cost. That is, restructuring, bailouts, austerity, etc. will take its toll. 4. Lasts for a period that will be considered as tolerable. 5. Lessons would be learned from hardship. (To emphasize.) 6. Losses that would be suffered to be enormous. ______________________________________ See perfect CORPORATE GREED. See perfect WEALTH MANAGEMENT. See perfect EMBEZZLEMENT. See perfect CORRUPTION (1). See perfect FLIGHT OF CAPITAL. See perfect BUSINESS SCHOOL. See perfect HEDGE FUND. | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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