To chill, relax, or calm.
Invented by world renown scholar Ria on the train ride to a simple match of football
Invented by world renown scholar Ria on the train ride to a simple match of football
by El Cappu December 24, 2021
Get the Preat mug.A gorgeous girl who often wants to go India in search of a giant monster. She is the kindest girl ever and is so adorable
by Hilo6969696 August 21, 2021
Get the Preeta mug.*noun*; the tendency for the public to want to hold income in cash relative to its willingness to hold it as interest-bearing savings (bonds).
The liquidity preference is analogous to a supply curve for lendable funds. If the price for lendable funds--that is to say, the interest rate--is high, then the amount be be large. If the interest rate is low, then the public will be more inclined to hoard income as cash.
Income held as cash is not spent on goods and services, so if the amount increases abruptly then there will be a recession. If it is held in some interest-bearing form, then it can be spent on fixed capital, thereby increasing output and employment.
During a recession, if the liquidity preference is high, a lot of money is going to be held as cash. One could free up some cash for job-creating investment by raising interest rates, but that would eradicate a lot of business opportunities. So monetary authorities monetize debt instead, creating a new supply of credit to replace the savings lost by falling interest rates.
The liquidity preference is analogous to a supply curve for lendable funds. If the price for lendable funds--that is to say, the interest rate--is high, then the amount be be large. If the interest rate is low, then the public will be more inclined to hoard income as cash.
Income held as cash is not spent on goods and services, so if the amount increases abruptly then there will be a recession. If it is held in some interest-bearing form, then it can be spent on fixed capital, thereby increasing output and employment.
During a recession, if the liquidity preference is high, a lot of money is going to be held as cash. One could free up some cash for job-creating investment by raising interest rates, but that would eradicate a lot of business opportunities. So monetary authorities monetize debt instead, creating a new supply of credit to replace the savings lost by falling interest rates.
...An individual’s liquidity preference is given by a schedule of the amounts of his resources, valued in terms of money or of wage-units, which he will wish to retain in the form of money....
John M. Keynes, *General Theory of Employment, Interest, and Money* (1936), Ch.13
John M. Keynes, *General Theory of Employment, Interest, and Money* (1936), Ch.13
by Abu Yahya March 3, 2009
Get the liquidity preference mug.To put something on preetham, it’s like putting it on god. It means you are not lying if you put something on preetham.
by Addd fs 3 October 27, 2019
Get the On Preetham mug.Heavy drinker and funny person. Sometimes called "Bucket" for the large amounts of alcohol consumed at one time. Also known to take 4 or 5 shots in a row. Not many can be called a Preetom.
by Kaos8 February 6, 2010
Get the Preetom mug.One's preference for a particular type of sexual partner, regardless whether that preference is rigidly or casually held, and regardless how morally repugnant others may find that preference.
heterosexual, homosexual, bisexual, and pedosexual are all sexual preferences. Pedosexual propaganda uses pedophile as a euphemism in place of pedosexual to make it seem like it isn't all that bad.
by Downstrike May 30, 2004
Get the sexual preference mug.In construction, a prefabricated house is produced in a factory, shipped out to building sites, and assembled by folks unequipped to design anything better. The prefab conservative, or prefab-con, brings the same attitude to political discourse: rather than using reason and critical thinking to craft arguments that fit the real world, he trots out prefabricated memes, arguments and conclusions that are passably functional at best. All too often, they are even worse: the typical prefabcon lives in an intellectual house of ugly, wobbly walls that collapse on themselves in slight gusts. Undaunted, he throws up another structure on the same spot, though that wolf named reality is standing right there, ready to huff and puff again.
Our generation has witnessed several prefab-cons, including, but not limited to, Sarah Palin and John McCain.
by John Schwenkler July 1, 2009
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