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Path dependent |
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Path dependentThe property that where you get to depends on how you got there. That is, if the equilibrium that will ultimately be reached by a system depends on the values of variables taken on away from equilibrium, then the equilibrium is path dependent.Similar MatchesIndependent variableIndependent variableTerm used in regression analysis to represent the element or condition that is expected to influence another (so-called dependent) variable. Independent investmentsIndependent investmentsInvestments available to a firm that may be selected individually or in groups because each investment is different in its nature and purpose. Dependent variableDependent variableTerm used in regression analysis to represent the element or condition that is dependent on values of one or more other variables. Path dependent optionPath dependent optionAn option whose value depends on the sequence of prices of the underlying asset rather than just the final price of the asset. Independent financial adviserIndependent financial adviserA person qualified to give financial advice to clients on life assurance, pensions, funds, and other financial products, who is not tied to any one financial institution.A financial adviser may charge his clients a fee for his advice, and, depending on his contract with product providers, may also receive a commission on the products which the client buys.In theory, an IFA's recommendations should be based on which company and products best suit the needs of the client, not on the level of commission he receives.In contrast, a company representative or tied agent is a financial adviser who is authorised to recommend only the products of the company he represents, so his advice is partial.Financial advisers have to make it clear to their clients whether they are independent or tied. Further SuggestionsIndependent brokerDependent Independent surveyors report Independent project |
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