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Annuit cœptis (/ ˈ æ n u ɪ t ˈ s ɛ p t ɪ s /, Classical Latin: [ˈannʊ.ɪt ˈkoe̯ptiːs]) is one of two mottos on the reverse side of the Great Seal of the United States. The literal translation is "[He] favors (or "has favored") [our] undertakings", from Latin annuo ("I approve, I favor"), and coeptum ("commencement, undertaking").
Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other regular interval of time.
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institution—or a decentralized network protocol manages and invests, typically on behalf of its clients. [1]
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Valuing real estate with a capitalization rate or cap rate (the convention used in real estate finance) is a more current example. Using a cap rate, the value of a particular real estate asset is either the net income or the net cash flow of the property, divided by the cap rate. Effectively, the use of a cap rate to value a piece of real ...
Financial assets of sectors of US economy, 1945-2017, based on flow of funds statistics of the Federal Reserve System. An asset in economic theory is a durable good which can only be partially consumed (like a portable music player ) or input as a factor of production (like a cement mixer ) which can only be partially used up in production.
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
However, the adjective "secularis," meaning "worldly," is not equivalent to the genitive plural "seclorum," meaning "of the ages." [ 6 ] The motto Novus ordo seclorum was translated and added to the seal by Charles Thomson , a Latin expert who was involved in the design of the Great Seal, as "A new order of the ages."