Category: Finance Dictionary

Technology using less resources, generating less waste, and causing less environmental damage than any alternatives, and is economically competitive and productive .

Electronic funds moving system. Handles over 95 percent of all international dollar payments. Located in New York City, CHIPS settles transactions in special account balances as adjustments at the Federal Reserves Bank

Speed of a computer to traverse a number of evenly-spaced pulses generated by a computer’s clock to regulate the switching task of the circuits. Measured in megahertz (MHz) or gigahertz (GHz), clock

A investment transaction with both an executed buy and executed sell order, posting either a profit or a loss. This is in contrast to an open position.

(1). A firm whose shares are owned by a small group of investors or family. (2). A firm with a number of its shares owned by non-employees or the public that is

The highest and lowest prices transacted for trades occurring at market close.

Concept that the best economic efficiency occurs with unfettered allocation and open trade in property rights. It proposes that the essential point is ownership of everything by someone and that who owns

1. In Mathematics, it is a number or other known factor, typically a constant, by which another number or factor, typically a variable, is multiplied. For example, in the equation ax2 +

Same meaning as coherent market hypothesis.

1.In General, this is a cooperative agreement of two or more parties to work jointly towards a common goal. The involved parties may or may not have had any previous relationship. 2.

Asset backed security (ABS), structured like a collateralized bond obligation (CBO). Instead of being based on its bonds, it is based on a bank’s or a governmental agency’s portfolio of mortgage loans.

A group of individuals that guarantees a financial commitment, such as repayment of a loan. Each person is jointly and equally liable for honoring the commitment in full. Known also as coguarantor.

Business laws that apply to the making of financial contracts. It is a Uniform Commercial Code that the U.S. uses commonly. It has 9 articles that deal with a different issue of

A committee of banks from the G10 countries that monitor payments and build a stronger market structure. It was started in 1990 and its headquarters are hosted in the Bank for Internation

When parties with a similar interest die at the same time with no way to see who died first making it hard to decide estate matters.

The way a message is sent to the audience in print or broadcast.

A business’s mission statement that states its philosophy.

Comparing item by item with the alternates. Reefr to comparability analysis.

An aspect of a job that offsets a negative one.

When a company gets the upper hand because is of similar value and a lower price than its competition.