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Laboratory experiments give the researcher greater control over the experiment but less internal validity than do field experiments.
Implied Annual Cost
The total cost associated with financing or an investment, expressed on a yearly basis, often calculated through the analysis of implied rates or costs.
Forgoing
The act of giving up or going without something, often in the context of making financial or investment decisions.
Discount
A reduction from the usual cost of something, or in finance, the process of determining the present value of future cash flows by applying a discount rate.
Minimum Compensating Balance
The lowest balance that a business must maintain in its bank account as a requirement for banking services or loans.
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