in economics, the net income from assets that are owned by foreigners. The citizens of a country will own assets that are physically located overseas (for example, real estate in another country, shares of foreign stock, or even labor performed while an expatriate), and those assets earn income. At the same time, foreigners likewise earn income on assets located in ones' own country.
If domestically-owned assets located abroad earn more income than domestic assets owned by foreigners, then there will be a net flow of income from overseas. This is a collateral benefit to running a trade surplus, especially over several years.
An example might be the United Kingdom (UK) during the 19th century. Prior to the 1880's, the UK exported far more than it imported. With the foreign money, it bought assets in the economies of other countries, such as the USA, Continental Europe, and the future Commonwealth of Nations. These assets naturally earned a lot of income, as they accumulated over many decades. The income from these assets was so large that, after the 1880's, the UK ran a trade deficit but still had a current account surplus.
In the case of the UK, the current account surplus from the NFFI was still large enough that the UK could continue to buy foreign assets that earned income, even as its trade deficit grew during the early 20th century.
If domestically-owned assets located abroad earn more income than domestic assets owned by foreigners, then there will be a net flow of income from overseas. This is a collateral benefit to running a trade surplus, especially over several years.
An example might be the United Kingdom (UK) during the 19th century. Prior to the 1880's, the UK exported far more than it imported. With the foreign money, it bought assets in the economies of other countries, such as the USA, Continental Europe, and the future Commonwealth of Nations. These assets naturally earned a lot of income, as they accumulated over many decades. The income from these assets was so large that, after the 1880's, the UK ran a trade deficit but still had a current account surplus.
In the case of the UK, the current account surplus from the NFFI was still large enough that the UK could continue to buy foreign assets that earned income, even as its trade deficit grew during the early 20th century.
by Abu Yahya February 14, 2009
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The level of stunning a person is when dressed up, usually based on positive contrast to daily appearance. A very good looking woman who dresses very nicely every day can have a low wow factor as there is no great contrast between how she looks for a special occasion and on a daily basis. A girl who normally dresses in a boyish or sloppy manner however will, when groomed, usually have a high wow factor because of the contrast to how she usually looks
The wow factor is often at play in teen movies where makeovers are involved.
The wow factor is often at play in teen movies where makeovers are involved.
"Did you see Miranda? They got her out of her baggy pants and combat boots and made her wear makeup, hot damn that's really the wow factor at work."
by Thepeacockangel February 5, 2009
Get the The Wow Factor mug.1. Science - Variables that have no basis in the (heuristic model of the) model, used to fit the model's behaviour to whatever it is supposed to model.
Example: If you want to model the fall time of a stone in the atmosphere, you start with the law of gravity and find it does not give the right fall time, so you first add air friction as a variable.
So far so good, but as you will soon find out that for a particular stone, the friction factor does not only depend on dimensions of the stone. It may also depend on surface roughness, air pressure at the time, water content in the air, iron content of the stone etc.
Despairing to model all these, you add an unexplained variable that you can use to adjust the outcome of the modelling to (aka "calibrating" or "fine-tuning" the model) the observed behaviour.
2. Business - The same as the above, but then applied to economic models and scorecards. Also known in the latter case as 'Management Adjustment'.
Example: If you want to model the fall time of a stone in the atmosphere, you start with the law of gravity and find it does not give the right fall time, so you first add air friction as a variable.
So far so good, but as you will soon find out that for a particular stone, the friction factor does not only depend on dimensions of the stone. It may also depend on surface roughness, air pressure at the time, water content in the air, iron content of the stone etc.
Despairing to model all these, you add an unexplained variable that you can use to adjust the outcome of the modelling to (aka "calibrating" or "fine-tuning" the model) the observed behaviour.
2. Business - The same as the above, but then applied to economic models and scorecards. Also known in the latter case as 'Management Adjustment'.
1. I don't like experimental physics: too many fudge factors. Where is the predictive value in that?
2. We were pretty much on target last year until the wankers upstairs decided to apply a management adjustment.
2. We were pretty much on target last year until the wankers upstairs decided to apply a management adjustment.
by Solitary Dolphin July 26, 2006
Get the fudge factors mug.The act of making a seemingly easy or standard task much harder than it actually should be by means of choosing the most unknown or abstract method to complete the task.
by Paul_Kemp July 14, 2009
Get the Olivier Factor mug.Lizz:"Did you see the Chamber of Secrets?"
White girl:"Yeah...it sucked."
Lizz:"Yeah....well Tom Felton was HOT"
White girl from above, only this time pretending to be black:"TRU DAT!!!"
White girl:"Yeah...it sucked."
Lizz:"Yeah....well Tom Felton was HOT"
White girl from above, only this time pretending to be black:"TRU DAT!!!"
by Tayam November 14, 2006
Get the Tom Felton mug.There are de facto countries around the world, such as Transnistria, Northern Cyprus, and Somaliland, which the world community refuses to recognize as real countries, despite having their own governments, flags, military, and so forth.
Ashley and Tim are in a de facto relationship. Even though they claim to be single, they're always together and have been for over a year. Duh...
Ashley and Tim are in a de facto relationship. Even though they claim to be single, they're always together and have been for over a year. Duh...
by BGMan August 14, 2008
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