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Greenhouse Effect

Definition of Greenhouse Effect

Steady increase in the Earth's average lower atmosphere (near surface) temperature due to heat retention caused by the accumulation of greenhouse gases (including water vapor, carbon dioxide, methane, nitrous oxides, and chlorofluorocarbons or CFCs). These gases form a blanket around the earth that lets the incoming sun rays (short wave radiation) to pass through but blocks the reflected heat rays (long wave radiation) from going out into the space. Heat-retention is a natural phenomenon (essential to all life on earth) replicated in greenhouses where the glass roof traps radiant heat within an enclosed space. This build up of heat has drastically increased since industrial revolution in mid 19th century by fossil fuel burning. And further accelerated by CFC-emissions in the 20th century, leading to global warming (the year 1998, for example, was the warmest year in the recorded history). Each CFC molecule (which causes ozone-depletion also) is estimated to have 10,000 times more heat reflecting effect than a molecule of carbon dioxide. The greenhouse effect was first studied in 1896 by the Swedish Nobel-laureate (1903) chemist Svante Arrhenius (1859-1927) who called it hothouse effect. But its mathematical bases preceded its discovery and were published in 1824 by the French mathematician Jean-Baptiste-Joseph Fourier (1768-1830).

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Financial Dictionary

What is Financial Dictionary?

Financial Dictionary is a dictionary or database that contains the meaning of all financial terms. Financial Dictionary has been created to help anyone, interested in understanding financial terms. It is extremely important to know what the financial terms mean when signing on terms and conditions. When availing financial products, you can be easily cheated if you don’t know what you have signed up for. To avoid this, you must be aware on what the terms really mean.

 

Who is this Financial Dictionary for?

We have developed this Financial Dictionary that could be used by anyone for free on our website. We have provided the meanings of almost all the financial terms along with the context in which they can be used. If you have lingering doubts on any financial term, then all you must do is log on to our website and check out the Financial Dictionary.

 

Why do you need to refer a Financial Dictionary?

If you wish to invest in the stock market, then it is extremely important to understand each and every term associated with it. A small misunderstanding can lead to huge losses in a matter of few seconds. It is only wise to know the meaning of all the terms before investing. The most comprehensive Financial dictionary covering all the financial terms. Brought to you by India's largest Free Financial Education company - IndianMoney.com.

 

What happens if I don’t refer a Financial Dictionary?

If you are planning to avail a Home Loan, then it is crucial for you to understand under what conditions your bank is sanctioning the loan. You must understand each and every term written on the loan agreement or else you will end up choosing a lender who charges high interest or with tough terms and conditions. To avoid this, just log on to our website and understand the meaning of financial terms with the Financial Dictionary.

 

Consequences of Misunderstanding a financial term

If you want to invest in a financial product, you must understand various financial terms. Not doing this could mean losses. Many financial intermediaries misguide you to make quick profits. You can avoid this by understanding financial terms and make smart investment decisions.

 

Uses of Financial Dictionary

If you are a Financial Advisor, then it is extremely important to stay updated on the latest financial terms. We at IndianMoney.com update all the new terms used in personal finance in the Financial Dictionary. You can refer and update yourself, to serve clients effectively. This is a double bonanza of increasing your efficiency and fetching clients more money.

 

How does our Financial Dictionary work?

Our Financial Dictionary has three main categories. First being ‘Most Searched Words’. These are the terms/words that are generally used in finance. You can just click on the words to know their meaning. Second category is ‘Recently Added Words’. These are the terms/words that are new to finance but have significance. Third being ‘You Recently Read’. If you have previously used our Financial Dictionary, then the words checked and their meaning would be displayed under this category.

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