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Digital assets and currencies

Understand assets, networks and trading mechanics with sources you can check.

Trading basics

Red Dot Payment

Red Dot Payment (RDP) is an online payment service provider headquartered in Singapore. The fintech company provides online payment gateway systems, payment consulting and merchant acquisition services for businesses that require the processing of online credit card transactions.

Finance

Refinancing

Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit wort

Securities & exchanges

Refinitiv Identification Code

A Refinitiv Instrument Code, previously Reuters Instrument Code (RIC), is a ticker-like code used by Refinitiv to identify financial instruments and indices. The codes are used for looking up information on various Refinitiv financial information networks (such as Refinitiv Real Time) and appear to have developed from the Quotron service purchased in the 1980s.

Finance

Regulatory capitalism

Regulatory capitalism suggests that the operation maintenance and development of the international political economy increasingly depends on administrative rules outside the legislatures and the courts. In other words, it tells us that capitalism is a regulatory institution – one that is being constituted, shaped, constrained and expanded as a historically woven patchwork of regulatory i

Trading basics

Rejsekort

Rejsekort (Official translation: Travel card) is an electronic ticket system for public transport in Denmark. The system is a collaborative work between DSB, HUR, Ørestadsselskabet, and various regional bus companies, and work on it started on August 18, 2003. In June 2005, Thales Group and Accenture were chosen as suppliers.

Trading basics

Remgro

Remgro Limited is a South African investment holding company, based in Stellenbosch.

Trading basics

Remitly

Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September 2021.

Trading basics

Remittance

A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland.

Trading basics

Remittances from the United States

International money transfers made by migrant workers and immigrants sending a portion of their earnings to their families in their country of origin are known as remittances. Remittances are an important aspect of the global economy, totaling an estimated $601 billion (USD) for the year 2015. The United States is currently the largest source of international remittances in the world, se

Trading basics

Remittances to India

Remittances to India are money transfers from non-resident Indians (NRIs) employed outside the country to family, friends, or relatives residing in India. India is the world's top receiver of remittances, claiming more than 12% of the world's remittances in 2015. Remittances to India stood at US$125 billion in 2023, up from US$69 billion in 2017. Remittances from India to other countries

Trading basics

Remittances to Nepal

Remittances to Nepal are money transfers from Nepalese workers employed outside the country to friends or relatives in Nepal and form part of the wider global remittance transfers by migrant workers back to their home countries. Remittances constitute a substantial economic pillar for Nepal. In 2023, these inward transfers were valued at an estimated US$11 billion, contributing a signifi

Finance

Remortgage

A remortgage (known as refinancing in the United States) is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. The term is mainly used commercially in the United Kingdom, though what it describes is not unique to any one country. Often the purpose of switching is to secure a more favorable interest rate from a different lende

Trading basics

Rent strike

A rent strike, sometimes known as a tenants strike or a renters strike, is a method of protest commonly employed against large landlords. In a rent strike, a group of tenants agree to collectively withhold paying some or all of their rent to their landlords en masse until demands are met. This can be a useful tactic of final resort for use against intransigent landlords, but can carry ri

Trading basics

Rent-to-own

Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during the agreement.

Trading basics

Rental agreement

A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. As a minimum, the agreement identifies the parties, the property, the term of the rental, and the amount of rent for the term. The owner of the prope

Trading basics

Rental value

Rental value is the fair market value of property while rented out in a lease. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor (landlord) under a license to real property. In the science and art of appraisal, it is the amount that would be paid for rental of similar real property in the same condi

Finance

Repossession

Repossession, commonly referred to as repo, is a "self-help" type of action in which the party having the right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.

Finance

Republic (fintech)

Republic is a global financial firm operating an enterprise-focused digital merchant bank and a network of retail-focused investment platforms. Backed by Morgan Stanley, Valor Equity Partners, Galaxy Interactive, Hashed, AngelList and other leading institutions, Republic boasts a portfolio of over 2,500 companies and a community of 3 million members from over 150 countries. More than $2.

Banking

Reserve requirement

Reserve requirements are central bank regulations that set the minimum amount that a commercial bank must hold in liquid assets. This minimum amount, commonly referred to as the commercial bank's reserve, is generally determined by the central bank on the basis of a specified proportion of deposit liabilities of the bank. This rate is commonly referred to as the cash reserve ratio or sh

Trading basics

Residual income valuation

Residual income valuation (RIV), also called the residual income model or residual income method (RIM), is an approach to equity valuation that formally accounts for the cost of equity capital. Here, "residual" means in excess of any opportunity costs measured relative to the book value of shareholders' equity; residual income (RI), or economic profit, is then the income generated by a f

Finance

Resource allocation

In economics, resource allocation is the assignment of available resources to various uses. In the context of an entire economy, resources can be allocated by various means, such as markets, or planning.

Banking

Retail banking

Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking).

Trading basics

Retail marketing

Once the strategic plan is in place, retail managers turn to the more managerial aspects of planning. A retail mix is devised for the purpose of coordinating day-to-day tactical decisions. The retail marketing mix typically consists of six broad decision layers including product decisions, place decisions, promotion, price, personnel and presentation (also known as physical evidence). Th

Trading basics

Retalix

Retalix Ltd. is a former Israeli software company that developed, licensed, implemented and supported software applications for retailers, wholesalers and distributors of fast-moving consumer goods, mainly in the grocery, convenience store, and foodservice industries.

Trading basics

Retirement spend-down

At retirement, individuals stop working and no longer get employment earnings, and enter a phase of their lives, where they rely on the assets they have accumulated, to supply money for their spending needs for the rest of their lives. Retirement spend-down, or withdrawal rate, is the strategy a retiree follows to spend, decumulate or withdraw assets during retirement.

Finance

Return on investment

Return on investment (ROI) or return on costs (ROC) is the ratio between net income or profit to investment (costs resulting from an investment of some resources). A high ROI means the investment's gains compare favorably to its cost. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments. In econo

Finance

Reuters 3000 Xtra

Reuters 3000 Xtra was an electronic trading platform which was released by Reuters in 1999 and supported until the end of 2013. It was typically used by professional traders and financial analysts in trading rooms. It was superseded by the Eikon platform, first released in 2010.

Trading basics

Revel Systems

Revel Systems is an iPad-based point of sale system co-founded by Lisa Falzone and Christopher Ciabarra. In June 2024, it was announced that the company was acquired by Shift4.

Securities & exchanges

Reverse stock split

In finance, a reverse stock split or reverse split is a process by which shares of corporate stock are effectively merged to form a smaller number of proportionally more valuable shares.

Trading basics

Revolut

Revolut Group Holdings Ltd, known as Revolut, is a British multinational neobank and financial technology company headquartered in London, England. It was founded in July 2015 by Nik Storonsky and Vlad Yatsenko. The company offers free and subscription‑based digital banking services, primarily through a mobile app.

Finance

Revolving credit

Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations. They were first introduced by the Strawbridge and Clothier Department Store.

Payments & settlement

Rewire (company)

Rewire by Remitly is a digital financial platform operated by the fintech company Remitly in Israel that provides online financial services tailored to migrant workers. The platform provides remittance services for workers to transfer funds back home. The Rewire by Remitly platform was originally built by the Israeli startup Rewire which was founded by Guy Kashtan, Saar Yahalom, Adi Ben

Banking

Ria Money Transfer

Ria Money Transfer (Ria) is an American financial services company which specializes in customer-to-customer international money transfers. It is a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT) and operates as part of its Cross-Border payments segment.

Finance

Ricardo J. Caballero

Ricardo Jorge Caballero (born 20 October 1959) is a Chilean macroeconomist who is the Ford International Professor of Economics at the Massachusetts Institute of Technology. He also served as the Chairman of MIT's Economics Department from 2008 to 2011. He is a director of the World Economic Laboratory at MIT and an NBER Research Associate. Caballero received his PhD from MIT in 1988, a

Payments & settlement

RioCard

The RioCard (Bilhete Único) is a smartcard system used in the transport system of Rio de Janeiro state, Brazil. The card is contactless and uses MIFARE technology. It is a form of electronic payment produced and distributed by the Fetranspor company, in cooperation with Itaú bank. Its installation was seen as strengthening Brazil's connection with the Open Standard for Public Transport

Finance

Robert B. Anderson

Robert Bernard Anderson (June 4, 1910 – August 14, 1989) was an American administrator, politician, and businessman. He served as the Secretary of the Navy between February 1953 and March 1954. He also served as the Secretary of the Treasury from 1957 until 1961, and was one of President Dwight Eisenhower's closest confidants.

Fiat currencies

Robert Mundell

Robert Alexander Mundell (October 24, 1932 – April 4, 2021) was a Canadian economist who was a professor of economics at Columbia University, McGill University, and the Chinese University of Hong Kong. He received the Nobel Memorial Prize in Economic Sciences in 1999 for his pioneering work in monetary dynamics and optimum currency areas.

Finance

Robert Mundheim

Robert Harry Mundheim BVO (born February 24, 1933) is an American legal scholar. He is the former Dean of the University of Pennsylvania Law School, General Counsel of the U.S. Treasury Department, Co-Chairman of the law firm Fried, Frank, Harris, Shriver & Jacobson, General Counsel of Salomon, Inc., and Fred Carr Professor of Law and Financial Institutions at the University of Pennsylva

Fiat currencies

Robert W. Clower

Robert Wayne Clower (February 13, 1926 – May 2, 2011) was an American economist. He is credited with having largely created the field of stock-flow analysis in economics and with seminal works on the microfoundations of monetary theory and macroeconomics.

Trading basics

Rollup

A rollup (also "roll-up" or "roll up") is a process used by investors (commonly private equity firms) where multiple small companies in the same market are acquired and merged.

Finance

Roman finance

The practices of ancient Roman finance, while originally rooted in Greek models, evolved in the second century BC with the expansion of Roman monetization. Roman elites engaged in private lending for various purposes, and various banking models arose to serve different lending needs.

Trading basics

Rosario Board of Trade

The Rosario Board of Trade (Spanish: Bolsa de Comercio de Rosario, BCR) is a non-profit making association based in Rosario, in the Province of Santa Fe, Argentina. Founded on August 18, 1884, it serves as a forum for the conduct of trade negotiations in several markets including grain, oilseed, agricultural products and their by-products, as well as securities and other assets.

Finance

Ross Levine

Ross Levine (born April 16, 1960) is an American economist who currently holds the Willis H. Booth Chair in Banking and Finance at the University of California at Berkeley. He is also a senior fellow at the Milken Institute, a member of the Council on Foreign Relations, and an advisor to the World Economic Forum. As of 2018, he is the 12th most cited economist in the world.

Finance

Rotating savings and credit association

A rotating savings and credit association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together, a form of combined peer-to-peer banking and peer-to-peer lending. Members all chip in regularly and take turns withdrawing accumulated sums.

Banking

Rothschild family

The Rothschild family (Hebrew: משפחת רוטשילד) is a wealthy Ashkenazi Jewish noble banking family originally from Frankfurt, Germany. The family's documented history starts in 16th-century Frankfurt; its name is derived from the family house, Rothschild, built by Isaak Elchanan Bacharach in Frankfurt in 1567. The family rose to prominence with Mayer Amschel Rothschild (1744–1812), a court

Trading basics

Rothschild loans to the Holy See

Rothschild loans to the Holy See refers to a series of major financial loans arranged between the Rothschild family and the Holy See of the Catholic Church. The first loan, which occurred in 1832, took place in the aftermath of the Napoleonic Wars during the pontificate of Pope Gregory XVI (involving James Mayer de Rothschild and Carl Mayer von Rothschild). This loan agreed on was for a

Banking

Routing transit number

In the United States, an ABA routing transit number (ABA RTN) is a nine-digit code printed on the bottom of checks to identify the financial institution on which it was drawn. The American Bankers Association (ABA) developed the system in 1910 to facilitate the sorting, bundling, and delivering of paper checks to the drawer's (check writer's) bank for debit to the drawer's account.

Assets

Royal Mint Gold

Royal Mint Gold was a digital gold currency and a cryptocurrency backed by gold reserves in the UK Royal Mint. The Royal Mint launched a digitized token called RMG, representing one gram of physical gold per token, in 2016. It began testing blockchain transactions in April 2017. The first test transaction was in August 2017. The rollout was originally scheduled to occur by the end of 20

Payments & settlement

RuPay

RuPay (portmanteau of Rupee and Payment) is an Indian multinational financial services and payment service system, conceived and owned by the National Payments Corporation of India (NPCI). It was launched in 2012, to fulfil the Reserve Bank of India's (RBI) vision of establishing a domestic, open and multilateral system of payments. RuPay facilitates electronic payments at almost all Ind

Payments & settlement

Russian National Card Payment System

The National Payment Card System (Russian: Национальная система платёжных карт; known its acronym NSPK) is an operational and payment clearing house for processing bank card transactions within Russia and the operator of the Mir card payment system. It is the operational and payment clearing house of the Faster Payment System (FPS) and wholly owned by the Central Bank of Russia (CBR).

Securities & exchanges

Russian Trading System

The Russian Trading System (RTS; Russian: Фондовая биржа РТС) was a stock market that operated in Moscow from 1995 to 2011. It was established in September 1995 to consolidate various regional trading floors into one exchange. In December 2011 it merged with Moscow Interbank Currency Exchange (MICEX), creating Moscow Exchange. Originally RTS was modeled on NASDAQ's trading and settlement

Finance

S&P Sri Lanka 20 Index

The S&P SL20, or the Standard & Poor's Sri Lanka 20, is a stock market index, based on market capitalization, that follows the performance of 20 leading publicly traded companies listed in the Colombo Stock Exchange. The 20 companies that make up the index is determined by Standard & Poor's global index methodology, according to which the index's listing is reviewed each year. All S&P SL

Payments & settlement

SADAD

The SADAD payment system was established by the Saudi Central Bank (SAMA) to be the national electronic bill presentment and payment (EBPP) service provider for the Kingdom of Saudi Arabia (KSA). The core mandate for SADAD is to facilitate and streamline bill payment transactions of end consumers through all channels of the KSA (Kingdom of Saudi Arabia) Banks. SADAD was launched on June

Payments & settlement

SafeCharge

SafeCharge, was a Canadian payment service provider that provided payment services, fraud prevention solutions and connection to payment methods. In August 2019 SafeCharge was acquired by Nuvei, a privately owned electronic payment processing company, for the amount of US$889 million and was merged into Nuvei.

Assets

SafeMoon

SafeMoon LLC was an American cryptocurrency and blockchain company created in March 2021. The company created the SafeMoon token (SFM) which traded on the BNB Chain blockchain. The token charged a 10% fee on transactions, with 5% redistributed (or reflected) to token holders and 5% directed to wallets in a different currency, Binance Coin (BNB), controlled by the coin's authors. The toke

Payments & settlement

Sage Group

The Sage Group plc, commonly known as Sage, is a British multinational enterprise software company headquartered in Newcastle upon Tyne, England. It develops accounting, financial management, payroll and human-resources software, mainly for small and medium-sized businesses. Its products include Sage 50, Sage Intacct and Sage X3.

Payments & settlement

Sage Pay

Sage Pay was a payment processing service operated by Sage Group between 2006 and 2020. Originally founded as Protx, the company provided online, telephone, and point-of-sale payment solutions to small and medium-sized businesses across the United Kingdom, Ireland, Germany, Spain, South Africa, and the United States.

Trading basics

Saint Helena pound

The Saint Helena pound (symbol: £; currency code: SHP) is the currency of the Atlantic islands of Saint Helena and Ascension, which are constituent parts of the British Overseas Territory of Saint Helena, Ascension and Tristan da Cunha. It is fixed at parity with sterling, and so both currencies are commonly accepted and circulated within Saint Helena. Its base unit is the pound, which i

Banking

Sales and trading

Sales and trading is one of the primary front-office divisions of major investment banks. The term is typically reserved for the trading activities done by sell-side investment banks who are primarily engaged in making markets for institutional clients in various forms of securities. The trading floor of these banks will contain dedicated desks who generally focus exclusively on trading

Trading basics

Salvadoran colón

The colón is the currency of El Salvador, used de jure since 1892. In 2001 it was replaced de facto by the U.S. dollar during the presidency of Francisco Flores. The colón was subdivided into 100 centavos and its ISO 4217 code is SVC, which didn't deprecate as a historical code. The plural is "colones" in Spanish and the currency was named after Christopher Columbus, known as Cristóbal C

Payments & settlement

Samsung Wallet

Samsung Wallet (Korean: 삼성 월렛, or simply Wallet) is a digital wallet platform developed by Samsung. It is available for the Samsung Galaxy-exclusive One UI operating system, and was announced on February 9, 2022, at the February 2022 Galaxy Unpacked event. It combines both Samsung Pay and Samsung Pass.

Finance

San Isidro District, Lima

San Isidro (Spanish: [ˌsan iˈsidɾo]; lit. 'Saint Isidore') is a district of Lima, Peru. Created in 1931, it is an upscale part of the city's west central area, with about 600 meters of coastline. In recent years, it has become a major financial quarter, as many banks and businesses left downtown Lima to set up their headquarters in modern office blocks. It is inhabited by mostly upper mi

Finance

Sandton

Sandton is a financial, commercial and residential city, located in the northern part of the City of Johannesburg Metropolitan Municipality. Formerly an independent municipality, Sandton's name came from the combination of two of its suburbs, Sandown and Bryanston.

Finance

Sarvatra Technologies

Sarvatra Technologies Private Limited is an Indian fintech company, headquartered in Pune, Maharashtra, that provides banking software and cloud-based services to cooperative banks and smaller financial institutions. As of 2024, the company had a 55% market share in providing banking software to banks in India, with its PaaS model operating in 600 banks across India.

Finance

SAS Institute

SAS Institute Inc. (dba SAS ) is an American multinational developer of analytics and artificial intelligence software based in Cary, North Carolina. SAS develops and markets a suite of analytics software (also called SAS), which helps access, manage, analyze and report on data to aid in decision-making.

Banking

Saudi Payments Network

The Saudi Payments Network (Arabic: الشبكة السعودية للمدفوعات), commonly known as Mada (Arabic: مدى, literally "range" or "extent"; formerly SPAN), is the primary payment system in Saudi Arabia. Established by the Saudi Central Bank (SAMA), the network connects all automated teller machines (ATMs) and point-of-sale (POS) terminals across the Kingdom to a central payment switch that rout

Finance

Saving

Saving is income not spent, or deferred consumption. In economics, a broader definition is any income not used for immediate consumption. Saving also involves reducing expenditures, such as recurring costs.

Banking

Savings account

A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of checks and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook savings accounts, and bank statements were not pr

Banking

Savings and loan association

A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. While the terms "S&L" and "thrift" are mainly used in the United States, similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They ar

Trading basics

Saxo Bank

Saxo Bank is a Danish investment bank specialising in online trading and investment. It provides access to financial instruments, including Forex, stocks, CFDs, futures, funds, bonds and futures spreads through its SaxoInvestor and SaxoTrader platforms.

Assets

Scam center

A scam center, fraud factory, fraud park, scam factory, scam compound, scam hub, scam park, fraud center, fraud compound, or fraud hub is a collection of large fraudulent organizations usually involved in human trafficking operations, generally found in Southeast Asia and usually operated by a criminal gang. Scam center operators lure foreign nationals to scam hubs, where they are forced

Finance

Science policy

Science policy is concerned with the allocation of resources for the conduct of science towards the goal of best serving the public interest. Topics include the funding of science, the careers of scientists, and the translation of scientific discoveries into technological innovation to promote commercial product development, competitiveness, economic growth and economic development. Scie

Finance

SCO Interbank Consortium

The Shanghai Cooperation Organisation Interbank Consortium (abbreviated as SCO IBC) is a platform for joint financing of development projects by members and other participants of the Shanghai Cooperation Organisation (SCO).

Trading basics

Scottish Catholic International Aid Fund

The Scottish Catholic International Aid Fund, better known by its acronym SCIAF, is the official aid and development agency of the Catholic Church in Scotland. Established in 1965, SCIAF now works in eight countries across Asia, Africa and Latin America and providing assistance to vulnerable people. SCIAF works with partner organisations and has responded to humanitarian disasters with e

Securities & exchanges

Scripophily

Scripophily is the study and collection of stock and bond certificates. A specialized field of numismatics, scripophily has developed as an area of collecting because of the inherent beauty of certain historical certificates, and because of interest in the historical context of many of the documents. In addition, some stock certificates serve as excellent examples of engraving. Occasiona

Securities & exchanges

Seasoned equity offering

A seasoned equity offering (SEO) or capital increase is a new equity issued by an already publicly traded company. Seasoned offerings may involve shares sold by existing shareholders (non-dilutive), new shares (dilutive), or both. If the seasoned equity offering is made by an issuer that meets certain regulatory criteria, it may be a shelf offering.

Trading basics

Second lien loan

The vast majority of all second lien loans are senior secured obligations of the borrower. Second lien loans differ from both unsecured debt and subordinated debt.

Finance

Secondary market

The secondary market, also called the aftermarket, is the financial market in which previously issued financial instruments such as shares, bonds, options, and futures are bought and sold. The initial sale of the security by the issuer to a purchaser, who pays proceeds to the issuer, is the primary market. All sales after the initial sale of the security are sales in the secondary market

Securities & exchanges

Secondary market offering

A secondary market offering, according to the U.S. Financial Industry Regulatory Authority (FINRA), is a registered offering of a large block of a security that has been previously issued to the public. The blocks being offered may have been held by large investors or institutions, and proceeds of the sale go to those holders, not the issuing company. It is also called a secondary distri

Trading basics

Secular stagnation

In economics, secular stagnation is a condition when there is negligible or no economic growth in a market-based economy. In this context, the term secular means long-term (from Latin "saeculum"—century or lifetime), and is used in contrast to cyclical or short-term. It suggests a change of fundamental dynamics which would play out only in its own time. The concept was originally put for

Finance

Secured loan

A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to regain some or all of the amount ori

Securities & exchanges

Securities and Exchange Commission of Pakistan

The Securities and Exchange Commission of Pakistan (SECP; Urdu: سیکیورٹیز اینڈ ایکسچینج کمیشن آف پاکستان), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objective is to develop a modern and efficient corporate sector and a capital market based on sound authority

Securities & exchanges

Securities fraud

Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information. The setups are generally made to result in monetary gain for the deceivers, and generally result in unfair monetary losses for the investors. They are generally violating

Trading basics

Securities Transaction Tax

Securities Transaction Tax (STT) is a tax payable in India on the value of securities (excluding commodities and currency) transacted through a recognised stock exchange. As of 2016, it is 0.1% for delivery based equity trading.

Securities & exchanges

Securitization

Securitization is the financial practice of pooling contractual debt obligations (such as residential mortgages, commercial mortgages, auto loans, or credit card debt) and selling their associated cash flows to investors. The financial instruments sold in such transactions are known as securities, types of which include bonds, pass-through securities, and collateralized debt obligations

Finance

Security interest

In law and finance, a security interest is a legal right that a secured party has over secured assets. Security interests most often arise where a debtor grants an interest over collateral to a creditor to secure the loan, such that the creditor will have enforceable rights in the event of the debtor's default or non-performance.

Banking

Security question

A security question is a form of shared secret used as an authenticator. It is commonly used by banks, cable companies and wireless providers as an extra security layer.

Trading basics

Seed money

Seed money is the earliest financial support a new project receives, often arriving at a point when an idea exists but nothing concrete has been built yet. This first backing helps a venture take its initial steps and gives people working on it enough stability to continue developing their work. An investor puts capital in a startup company in exchange for an equity stake or convertible

Trading basics

Segmenting-targeting-positioning

In marketing, segmenting, targeting and positioning (STP) is a framework that implements market segmentation. Market segmentation is a process, in which groups of buyers within a market are divided and profiled according to a range of variables, which determine the market characteristics and tendencies. The S-T-P framework implements market segmentation in three steps:

Payments & settlement

Self-checkout

Self-checkouts (SCOs), also known as assisted checkouts (ACOs) or self-service checkouts, are machines that allow customers to complete their own transaction with a retailer without using a staffed checkout. When using SCOs, customers scan item barcodes before paying for their purchases without needing one-to-one staff assistance. Self-checkouts are used mainly in supermarkets, although

Securities & exchanges

Sell side

Sell side is a term used in the financial services industry to mean providing services to sell securities. Firms or institutions on this side include investment banks, brokerages and market makers, who facilitate offering securities to investors, conducting research and creating financial products.

Trading basics

Senior debt

In finance, senior debt is debt that takes priority over other unsecured or otherwise more "junior" debt owed by an issuer. Senior debt is frequently issued in the form of senior notes or referred to as senior loans. Senior debt has greater seniority in the issuer's capital structure than subordinated debt. In the event the issuer goes bankrupt, senior debt theoretically must be repaid b

Finance

Serbia and the International Monetary Fund

Serbia has been a member of the International Monetary Fund (IMF) since December 14, 2022 with a quota of Special Drawing Rights (SDR) 654.8 million ($615.21 million) and 8,000 votes (0.16% of the total vote share). Serbia is currently represented on the Executive Board by Piotr Trabinski in a constituency with Azerbaijan, Kazakhstan, the Kyrgyz Republic, Poland, Serbia, Switzerland, Taj

Trading basics

Sex differences in social capital

Sex differences in social capital are debated differences between men and women's ability to achieve their aims through social constructs such as trust, norms and networks. Social capital is often seen as the missing link in development. Social networks facilitate access to resources and protect the commons, whilst co-operation makes markets work more efficiently. Social capital has been

Fiat currencies

Shadow Open Market Committee

The Shadow Open Market Committee (SOMC) is an independent group of economists, first organized in 1973 by Professors Karl Brunner, from the University of Rochester, and Allan Meltzer, from Carnegie Mellon University, to provide a monetarist alternative to the views on monetary policy and its inflation effects then prevailing at the Federal Reserve and within the economics profession.

Trading basics

Shadow rate

The shadow rate is an interest rate in some financial models. It is used to measure the economy when nominal interest rates come close to the zero lower bound. It was created by Fischer Black in his final paper, "Interest Rates as Options".

Securities & exchanges

Share repurchase

Share repurchase, also known as share buyback or stock buyback, is the reacquisition by a company of its own shares. It is an alternative way of returning money to shareholders than dividends. After a repurchase event, the company's stock price is now proportionally higher because of the smaller number of shares outstanding. Repurchases allow stockholders to potentially reduce taxes, by

Trading basics

Sherman Silver Purchase Act

The Sherman Silver Purchase Act was a United States federal law enacted on July 14, 1890, which increased the amount of silver the government was required to purchase on a recurrent monthly basis to 4.5 million ounces, roughly the entirety of the American output.

Banking

Shetab Banking System

Shetab (Persian: شتاب, lit. 'Acceleration'), officially the Interbank Information Transfer Network (Persian: شبکه تبادل اطلاعات بین بانکی), is an electronic banking clearance and automated payments system used in Iran. The system was introduced in 2002 with the intention of creating a uniform backbone for the Iranian banking system to handle ATM, EFTPOS and other card-based transactions.

Payments & settlement

Shift4

Shift4 Payments, Inc. is an American payment processing company based in Allentown, Pennsylvania. The company, founded in 1999 by the then 16-year-old Jared Isaacman, processes payments for over 200,000 businesses in the retail, hospitality, leisure, and restaurant industries. Shift4 specializes in commerce technology such as mobile payment software and hardware. The company was publicly