Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance Dictionary

WHENISSUED TREASURY (WIT)

Treasury bills that are announced but not yet priced. Upon settling they will sell as any treasury bill would. Refer to to be announced and when issued security.

Z SCORE

The probability of bankruptcy. It is based on five financial ratios.

INFLATION SWAP

A swap of actual and fixed inflation rates. They mature in 10 or more years and are structured as annual inflation or a zero coupon inflation swap. Also called a consumer price

JUST CAUSE

A reason that is legally acceptable or sufficient. A request’s just cause is essential to get certain court action. Also known as good cause.

KEIRETSU

A group of companies who have a shared interest but are not organized into a central company. Refer to Chaebol.

KEY PERSON

Individual whose loss may cripple an organization. Knowledge, creativity, inspiration, reputation, and/or skills are essential assets for organizational viability and growth.

KICKER PATTERN

Trend reversal candlestick pattern. Rather reliable predictor that a change in the direction of a trend is occurring. The fundamentals of a company being researched begin to show change along side this

KNOCKED DOWN (KD)

An article taken apart, folded, or telescoped to reduce its shipping size by at least one third (33 1/3 percent) of its assembled bulk or size. Such articles, be they bicycles, fans,

KONDRATIEFF CYCLE

Russian economist Nikolai Dmitrijewitsch Kondratieff (1892-1938) propose this cycle. The usual boom-bust cycles characteristic of a capitalist economy plays out over a period of about 60 years of major capital goods expansion

LAGGING INDICATORS

Financial market, economic indicators that only change following economic change to a new trend or pattern. Usually six months precedes a shift in these indicators, trailing behind the overall economic cycle versus

LAPSE RATIO

Time-bound tally of expired insurance policies versus the tally of the same-period’s new policies written. An insurer’s measurement. Also known as expiration ratio.

LAST TRADING DAY

Trading for a particular delivery month ends on this final day under the rules of a futures exchange. At the end of this last trading day, making or taking delivery of the

LAUNDERING

Converting illegal funds into legal by absorbing it into legal commercial cash flow.

LAWFUL ENTRY

Going onto a piece of land or a premises under a claim or court order by a non-owner or non-occupant,

LEAD PIPE

Refers to an easy business operation or a virtually guaranteed success. A sale or trade is almost 100% certain to take place. A plumbing metaphor of a lead pipe attached to another

LEAN PRODUCTION

Employing ‘lean thinking’, doing more with less, continues efforts to eliminate or reduce ‘muda’, Japanese for waste or any activity that consumes resources without adding value to design, manufacturing, distribution, or customer

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