A management philosophy: strategies develop over various small decisions evaluated periodically, and not by a one-time decision. Logical results through experimentation and learning lead to these small decisions, not random determination.

Statistical estimation technique for straight-line, linear relationships between two or more variables. A dependent variable is influenced by one or more independent variables in this case. The data values, converted to their

Equipment, facilities, spares, technical information, and trained personnel procurement and distribution for a campaign, plan, or project as essential actions for their proper operation.

Made while logging activities in a log book, this is the specific calendar date and/or time that the entry was posted.

Banking related service allowing a company to drop its deposit in a postal box where the bank will obtain the deposit and post it to the company’s bank account(s). Typically this service

The bidding half of an exchange in the london interloan bank.

Major creditor banks informally associated who discuss debt rescheduling when requested by borrower governments, as well as other banking matters. The group convenes as needed for these discussions. Also refer to Group

Futures exchange for non-ferrous metal and plastics based in London, England. 1571 saw the establishment of the Royal Exchange, London’s first stock exchange, which evolved into the LME.

In 1982, London International Financial Futures Exchange was established. In 1992 it merged with the London Traded Options Market (LTOM), changed its name, yet retained the same acronym. It is Europe’s leading

If the forward rate is lower than the futures rate of a security the market decides to lower the price. Refer to short arbitrage.

A position that loses profit due to a decline in prices.

For loans on a collateralized security, this is the interest rate charged by the central bank of Germany.

On a bond, a longer period is covered by this specific interest payment than other coupons. The first interest installment is typically associated with a long coupon.

An advantage or protection is secured by this type of transaction against a possible price increase of a traded item, like a commodity, financial instrument, security, and the like. These will be

B/L with the terms and conditions of carriage printed on its back. Either the older Hague rules or the more recent HagueVisby rules govern these terms. Conditions of carriage are defined as

Metal products typically sold by length, such as angles, bars, rods, and the like.

With the intention of holding purchase securities in anticipation of a price increase, an investor purchases or contracts to purchase commodities, financial instruments, and shares. An investor with a long position is

Two or more central offices are typically involved in this type of telephone call.

Consumer identifier, recognizable and distinctive. Solely for identifying an organization, not a product, it is a graphic design, stylized name, unique symbol, or other device. Also known as logotype. Appearing on all

The time when a company sell of a portfolio or asset to compensate for risk. Refer to holding period.