A theory stating that financial markets reflect all publicly available information, suggesting that all investors have an equal opportunity to earn a given minimum return, and that it is not possible to

A portfolio with a certain level of risk yielding its highest return possible. Known also as an optimal portfolio.

Liquid waste discharged into a sewer system or water or anywhere. Emissions is waste discharged into air. Typical culprits are a factory, farm, commercial establishment, but, can even be a household

Environment-related government agency restriction on quantities of waste water discharges, rates of discharge, and concentrations of waste material.

Having equal rights, regardless of social, economic, or other distinctions such as income, race, or religious or political beliefs.

Weekly report. Concerns US natural gas reserves stored underground. Energy Information Administration (EAI) issues the report. Used to predict natural gas price shifts.

Weekly report. Concerns US crude reserves produced or held domestically and abroad. Energy Information Administration (EAI) issues the report. Used to predict oil price shifts.

A customer can borrow money or Eurodollars from the bank’s head office or from a foreign branch. Agreement-based.

Measurement of time spent completing an activity, job, or task. Calculated as total of calendar days excluding holiday and other non-working days used.

Ability of an object to bend, contract, or stretch without permanent deformation. Capability of withstanding pressure or stress. Know also as elasticity and elastic limit.

Point beyond which deformity will permanently occur. Condition of maximum pressure or stress put on a piece of material.

Ratio calculated as the pressure or stress on a substance versus the ability to resist or strain to maintain integrity. Longitudinal stress to strain, is Young’s modulus. Fractional decrease in the volume

Supply capable of increases or decreases as demand and price of a good or service increases or decreases. See also elasticity of supply.

1. In Economics, this is the measure of responsiveness to an increase or decrease in its price or capability of a good or service to demand and supply of a good or

The amount of change in demand for a good or service when its price changes. An example is a sales increase coinciding with a drop in prices and sales decrease coinciding with

How buyers of a good or service to a substitute’s price changes. To what degree can two similar goods or services substitute for each other, based on price changes. Measured as a

Producer response to price change for their goods or services. Typically, a prices increase means an increase in supply.

Company response to a price change for an input substitute. To what degree can two inputs substitute for each other, based on price changes. Measured as a ratio; scale of change in

Synthetic rubber-like material. Bends, stretches, twists, or deforms easily, but easily returns to original dimensions and shape at room temperature.

An area of the YIELD CURVE that is deemed to be financially attractive (i.e., CHEAP) and where profits can be generated by simply ROLLING DOWN THE CURVE.