FUTUROLOGY
Using several methodologies, like computer modeling and Delphi method, in an intensive study of historical and current trends as a systematic attempt to predict future developments. Contingency, long range, and strategic planning
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Using several methodologies, like computer modeling and Delphi method, in an intensive study of historical and current trends as a systematic attempt to predict future developments. Contingency, long range, and strategic planning
Betting; wagering. Results in either a gain or total loss of wager, the money or asset put up. Neither risk-taking nor investing, nor like insurance. Risk taking or speculation takes on substantial
Foreign exchange’s European call option value estimating formula. Risk-free interest rate paid on foreign currency is a continuous dividend yield in this formula. Borrowing and lending takes place at the same interest
Measurement accuracy determination. Confirming a test result by several measurements taken by the same person are identical in value, setting its repeatability, and several measurements taken by different persons are identical in
Accounting for expenditures not directly associated with goods or services production. Money spent in operating a business for typical things, such as rent, salaries, telephone charges, and the like.
Personal property depreciation calculation method. Declining balance method exposes the non-depreciated balance to a depreciation rate.
Seeking to extract concessions, this type of labor stoppage tries to paralyze a country or regional economy. Far-reaching labor stoppage in most or all industries. Rare in developed countries. The last one
Once exclusive, unique brand names that now identify a category for all brands under this respective category of products. Fridge (refrigerator), PC (desktop computer), Thermos (vacuum flask) are some examples. Generic names
A lognormal, continuoustime STOCHASTIC PROCESS where the movement of a variable, such as a financial ASSET price, is random in continuous time; the instantaneous return (defined as the change in the price
One billion bytes. Exponential: 2^30; As a number:1,073,741,824.
The next stage or level of advancement barred by some invisible barrier. Although illegal, such practices exist in most countries. Age, ethnicity, political or religious affiliation, and/or sex are typical barriers. A
To reach international markets and their community, an entity engages a process of conceptualizing and conveying a final product or service worldwide. It is especially important to companies that provide products or
Electronic trading platform for futures and option contracts that is the Chicago Mercantile Exchange. It is a virtually continuous worldwide market. It opens for trading Sunday evening, staying open roughly 23 hours
Just before an order hits the exchange floor, stock placement is expected as well as a trader’s position ability to handle it.
A severance or an incentive to leave the firm with no fuss or controversy. Generous bonus offered to a director, employee, or partner at termination. Also refer to golden boot.
Record at the point of receipt of goods received. Often compared to a purchase order before issuing payment, this record confirms receipt of all goods.
Slope angle, be it an incline or a decline. Three typical ways to measure it: (1) The difference between the ground or horizontal, the ‘grade line’ and the incline or decline stated
Conveys the perception of great or greater detail. Typically used when discussing a model or decision making process. More granularity means greater detail. An example is the level of detail, or granularity,
RISK measures for DERIVATIVES that are used to determine the price sensitivity of contracts to changes in the UNDERLYING ASSET (DELTA, GAMMA), VOLATILITY (VEGA), passage of time (THETA), and INTEREST RATES (RHO).
Asset’s original, historical purchase price, depreciation deductions excluded.