- model
- model mod‧el [ˈmɒdl ǁ ˈmɑːdl] noun1. [countable] a particular type or design of a vehicle or machine:
• the cheapest model in the Volkswagen range
2. [countable] a simple description or structure that is used to help people understand similar systems or structures:• a theoretical model
• a computer model of the main factors determining a company's market share
Black-Scholes option pricing model [ˌblæk skəʊlz ˈɒpʆn ˌpraɪsɪŋ ˌmɒdl ǁ -skoʊlz ˈɑːpʆn ˌpraɪsɪŋ ˌmɑːdl] [singular] FINANCEa mathematical way of finding out if an option (= the right to buy shares in the future at a particular price) has a fair price, taking into account the price of the related shares, the amount that this price has changed over time, interest rates, the risk of the agreement failing etcˌcapital ˌasset ˈpricing ˌmodel [singular]FINANCE the idea that the risk related to a share, bond etc is related to the payments it produces:• The key insight of the capital asset pricing model is that investors can expect a reward for an investment's contribution to the risk of a portfolio.
US /ˈmɒdəl/ noun [C]► a particular type of machine, which is slightly different from machines of the same type: »When renewing insurance, please tell us the make and model of your car.
basic/popular/standard model »In the US the basic model sells for $499 before tax.
cheaper/luxury model »A luxury model has a mahogany frame and is upholstered in calfskin.
the current/latest/new model »Speed and reliability of its latest model of high-speed train have improved.
discontinued/old/previous model »Once a new phone hits the shelves, interest in the old model will drop sharply.
design/develop/make a model »We designed a new model that uses less electricity.
produce/release a model »This model was produced to meet a rising demand for the new features.
► something such as an object, plan, or set of rules that is used to show what something else is like or how it works: a scale/working model »Retailers expect to have a working model and retail pricing information by summer.
economic/financial/mathematical model »No economic model can forecast growth in jobs in industries that are just being created.
statistical/strategic model »The charts shows a predicted oil price that is calculated using a statistical model.
► a way of doing something that can be used as an example or can be copied: »He prefers the American approach to wealth creation over the European model.
a model for/of sth »The company continues to be a growth leader and a model of operating efficiency.
»The software company's strategy has served as a model for many small startups.
→ See also THE BLACK-SCHOLES MODEL(Cf. ↑the Black-Scholes model), BUSINESS MODEL(Cf. ↑business model), CAPITAL ASSET PRICING MODEL(Cf. ↑capital asset pricing model), COMPUTER MODEL(Cf. ↑computer model), DEMONSTRATION MODEL(Cf. ↑demonstration model), OPTION PRICING MODEL(Cf. ↑option pricing model), PRICING MODEL(Cf. ↑pricing model)Ⅱ.model UK US /ˈmɒdəl/ verb [T often passive] (UK -ll-, US -l-)► to copy or create something based on something else: model sth on sth »The American effort is modeled on a successful Dutch system.
► to create something such as an object or plan that shows what something else is like or how it works: »The new process has to be modelled and tested.
Financial and business terms. 2012.
