Category: Finance Dictionary

Money given to a contractee from a contractor for the purpose of making payments like advance, interim, performance payments, advancement payments, or/and other similar payments

Binding contract which defines the duties and privileges enjoyed by a vessel

Settlement of a deal related affair or dispute.

Legal document creating a contractual agreement.

A currency that can be freely exchanged into another currency for any purpose, without regulatory restrictions. Convertible currencies are generally associated with open and stable economies, and their prices are typically determined

A measure of CORRELATION, typically computed as: where Cov (A,B) is the covariance between ASSETS A and B, A is the STANDARD DEVIATION of asset A and B is the standard deviation

The seller of a COVERED OPTION that either owns the UNDERLYING ASSET (deliverable under a CALL OPTION) or has sufficient cash on hand to acquire the asset (under a PUT OPTION) should

A SPREAD in the GRAINS market reflecting the price differential between soybeans (as feedstock) and soybean oil or soybean meal (the two main byproducts); the spread can be traded through a single

When competition prices in a predatory manner or promotes heavily to get rid of their rivals.

A corporation in the United States that, for Federal income tax purposes, is taxed under and Subchapter C ( et seq.) of Chapter 1 of the Internal Revenue Code.A C corporation may

The amount that you pay to providers before insurance starts to pay, each calendar year (January 1 to December 31).

A library classification is a system of coding and organizing library materials (books, serials, audiovisual materials, computer files, maps, manuscripts, realia) according to their subject and allocating a call number to that

An OPTION position created by buying and selling CALL OPTIONS with the same expiry date but different STRIKE PRICES (i.e., the purchaser of a call spread buys a closertothemoney call option and

The currency for Canada. Example: USD is the currency for the USA.

In zoology, cannibalism is the act of one individual of a species consuming all or part of another individual of the same species as food. Cannibalism is a common ecological interaction in

The process by which management plans, evaluates and controls long term capital investments involving property, plant and equipment.

A table showing the capitalization of a firm, which typically includes the amount of capital obtained from each source – long-term debt and common equity – and the respective capitalization ratios.

A marketing term and a strategy for an automobile part or entire vehicle that is foreign-built vehicle and sold under the name of an importer or by a domestic automaker through its

Steel in which the main alloying element is carbon, and whose properties are chiefly dependent on the percentage of carbon present. Steel whose characteristics are determined by the amount of carbon it