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Finance

Binomial options pricing model

In finance, the binomial options pricing model (BOPM) provides a generalizable numerical method for the valuation of options. Essentially, the model uses a "discrete-time" (lattice based) model of the varying price over time of the underlying financial instrument, addressing cases where the closed-form Black–Scholes formula is wanting, which in general does not exist for the BOPM.

Assets

BitClout

BitClout was an open source blockchain-based social media platform. On the platform, users could post short-form writings and photos, award money to posts they particularly like by clicking a diamond icon, as well as buy and sell "creator coins" (personalized tokens whose value depends on people's reputations). BitClout ran on a custom proof of work blockchain, and was a prototype of wha

Trading basics

Bitcoin buried in Newport landfill

In 2013, Welsh computer engineer James Howells mistakenly disposed of a laptop hard drive containing the private key for 8,000 Bitcoin in the Docksway landfill in Newport, Wales. Howells subsequently assembled a team of specialists and secured funding to excavate the site, but Newport City Council refused permission, citing galvanic corrosion of the device and health concerns of city re

Trading basics

Bitcoin in El Salvador

El Salvador was the first country in the world to use bitcoin as legal tender, after it was adopted as such by the Legislative Assembly of El Salvador in 2021. It has been promoted by Nayib Bukele, the president of El Salvador, who claimed that it would improve the economy by making banking easier for Salvadorans, and that it would encourage foreign investment. In 2022, more Salvadorians

Assets

Bitdeer

Bitdeer Technologies Group, or simply Bitdeer, is a cryptocurrency mining and artificial intelligence (AI) cloud infrastructure company headquartered in Singapore and listed on the Nasdaq under the ticker BTDR. The company was spun off from bitcoin-mining chip producer Bitmain in January 2021 by founder Jihan Wu. Bitdeer is among the largest cryptocurrency miners by computing power and o

Trading basics

Black budget

A black budget or covert appropriation is a government budget that is allocated for classified or other secret operations of a state. The black budget is an account of expenses and spending related to military research and covert operations. The black budget is mostly classified because of security reasons.

Finance

Black model

The Black model (also known as the Black-76 model) is a variant of the Black–Scholes option pricing model. Its primary applications are for pricing options on future contracts, bond options, interest rate cap and floors, and swaptions. It was first presented in a paper written by Fischer Black in 1976.

Finance

Black–Derman–Toy model

In mathematical finance, the Black–Derman–Toy model (BDT) is a popular short-rate model used in the pricing of bond options, swaptions and other interest rate derivatives; see Lattice model (finance) § Interest rate derivatives. It is a one-factor model; that is, a single stochastic factor—the short rate—determines the future evolution of all interest rates. It was the first model to com

Trading basics

BlackRock

BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the largest asset manager worldwide, with $15.3 trillion in assets under management as of 2026. Headquartered in New York City, BlackRock has 70 offices in 30 countries and clients in 100 countries.

Trading basics

Blackstone Inc.

Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real

Trading basics

Block trade

A block trade is a high-volume transaction in a security that is privately negotiated and executed outside of the open market for that security. Major broker-dealers often provide "block trading" services—sometimes known as "upstairs trading desks"—to their institutional clients. In the United States and Canada a block trade is usually at least 10,000 shares of a stock or $100,000 of bo

Trading basics

Block, Inc.

Block, Inc. (formerly Square, Inc.) is an American technology company and financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block has 57 million users and 4 million sellers, processing $241 billion in payments annually.

Assets

Blockchain

A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves). Since each block contains information about the previous block, they e

Finance

Bloomberg L.P.

Bloomberg L.P. is an American privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Trading basics

Bloomingdale's

Bloomingdale's Inc. is an upmarket American department store chain founded in 1861 by Joseph Bloomingdale and Lyman Bloomingdale. It was acquired by Federated Department Stores in 1930. Federated purchased Macy's department store chain in 1994 and was renamed Macy's, Inc. in 2007.

Trading basics

Blue Dot Network

The Blue Dot Network (BDN) is a multilateral organisation that promotes a certification framework for quality infrastructure projects. The initiative is a joint project of the governments of Australia, the Czech Republic, Japan, Spain, Switzerland, United Kingdom, and the United States that supports investment in high-quality infrastructure projects around the world, especially by the pr

Securities & exchanges

Boaz Weinstein

Boaz Ronald Weinstein (born 1973) is an American hedge fund manager and founder of Saba Capital Management. He rose to prominence at Deutsche Bank in the early and mid 2000s with his credit default swap and capital structure arbitrage trading strategies. He then formed a proprietary trading group within Deutsche Bank. After leaving the bank in 2009, Weinstein started Saba Capital Managem

Securities & exchanges

Boiler room (business)

In business, a boiler room is an outbound call center selling questionable investments by telephone. It usually refers to a room where salespeople work using unfair, dishonest sales tactics, sometimes selling penny stocks or private placements or committing outright stock fraud. A common boiler room tactic is the use of falsified and bolstered information in combination with verified com

Trading basics

Bond market

The bond market (also debt market or credit market) is a financial market in which participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market. This is usually in the form of bonds, but it may include notes, bills, and so on for public and private expenditures. The bond market has largely been dominated by the United States

Finance

Bond option

In finance, a bond option is an option to buy or sell a bond at a certain price on or before the option expiry date. These instruments are typically traded OTC.

Trading basics

Bond valuation

Bond valuation is the process of estimating the fair value of a bond. In the prevalent present-value approach, the value equals the sum of expected cash flows discounted at appropriate rates.

Finance

Bonifacio Global City

Bonifacio Global City (BGC), also known as Global City or The Fort, is a 240-hectare mixed-use estate and central business district located in Fort Bonifacio, Taguig, Philippines. It is now the home of the Philippine Stock Exchange, the national stock exchange as well as several multinational corporations in the country. Some of the tallest buildings in the country are located in BGC suc

Trading basics

Bonmarché

Bonmarché ( bon-mar-SHAY) is a British clothing retailer founded by Singh Chima in 1982. Since April 2019, the retailer has been owned by The Edinburgh Woollen Mill.

Trading basics

Bono

Paul David Hewson (born 10 May 1960), known by the nickname Bono ( BON-oh), is an Irish singer-songwriter and activist. He is a founding member, the lead vocalist, and primary lyricist of the rock band U2. Bono is known for his impassioned vocal style as well as his grandiose songwriting and performance style. His lyrics frequently include social and political themes, and religious image

Trading basics

Boomi, LP

Boomi is a software company that specializes in integration platform as a service (iPaaS), data integration, API management, master data management, data preparation, and AI-powered automation. The company's platform enables organizations to connect applications, manage APIs, integrate data, and automate business processes through a unified cloud-native solution. Boomi was founded in Ber

Fiat currencies

Boris Vujčić

Boris Vujčić (pronounced [bǒris ʋûːjtʃitɕ]; born 2 June 1964) is a Croatian economist, university professor, serving as Vice-President of the European Central Bank since June 2026. He previously served as Governor of the Croatian National Bank.

Finance

Borsa Italiana

Borsa Italiana (lit. 'Italian Stock Exchange') or Borsa di Milano (lit. 'Milan Stock Exchange') is the Italian stock exchange based in Milan at Palazzo Mezzanotte. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.

Finance

Borussia Dortmund team bus bombing

On 11 April 2017, the tour bus of the German football team Borussia Dortmund was attacked with roadside bombs in Dortmund, Germany. Three bombs exploded as the bus ferried the team to the Westfalenstadion for the first leg of their quarter-final against Monaco in the UEFA Champions League. One of the team's players, Marc Bartra, and a policeman were wounded, but the strengthened windows

Trading basics

Bosnia and Herzegovina convertible mark

The convertible mark (Bosnian; sign: KM; code: BAM) is the currency of Bosnia and Herzegovina. It is divided into 100 pfenig or fening and locally abbreviated KM. While the currency and its subunits are uniform for both constituent polities of Bosnia and Herzegovina, namely the Federation of Bosnia and Herzegovina (FBiH) and Republika Srpska (RS), the designs of the KM 10, KM 20, KM 50,

Securities & exchanges

Bourse Palace

The Bourse Palace (French: Palais de la Bourse; Dutch: Beurspaleis), often simply called the Bourse (French: la Bourse; Dutch: de Beurs), is a former stock exchange building in Brussels, Belgium. It was previously the seat of the Brussels Stock Exchange (BSE). Since 2023, its upper floors have housed the Belgian Beer World museum.

Securities & exchanges

Box spread

In options trading, a box spread is a combination of positions that has a certain (i.e., riskless) payoff, considered to be simply "delta neutral interest rate position". For example, a bull spread constructed from calls (e.g., long a 50 call, short a 60 call) combined with a bear spread constructed from puts (e.g., long a 60 put, short a 50 put) has a constant payoff of the difference

Trading basics

Boycott

A boycott is an act of nonviolent, voluntary abstention from a product, person, organization, or country as an expression of protest. It is usually for moral, social, political, or environmental reasons. The purpose of a boycott is to inflict some economic loss on the target, or to indicate a moral outrage, usually to try to compel the target to alter an objectionable behavior.

Securities & exchanges

Børsen

Børsen (Danish for "the bourse" or "the stock exchange") is a 17th-century commodity bourse and later stock exchange in the centre of Copenhagen, Denmark. The historic building is situated next to Christiansborg Palace, the seat of the Danish Parliament, on the island of Slotsholmen.

Payments & settlement

BPAY

BPAY (BPAY Group Holding Pty Ltd) is an Australian electronic bill payment SaaS company which facilitates payments made through a financial institution's online, mobile or telephone banking facility to organisations which are registered BPAY billers.

Trading basics

Bradford & Bingley

Bradford & Bingley plc was a British bank with headquarters in the West Yorkshire town of Bingley.

Trading basics

Brand

A brand is a name, term, design, symbol or any other feature that distinguishes one seller's goods or service from those of other sellers. Brands are studied in business, marketing, and advertising and used for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand's customers, its owners and shareholders. Brand name

Trading basics

Brand ambassador

A brand ambassador (sometimes also called a corporate ambassador) is a person paid by an organization or company to represent its brand in a positive light, helping to increase brand awareness and sales. The brand ambassador is meant to embody the corporate identity in appearance, demeanor, values and ethics. The key element of brand ambassadors is their ability to use promotional strate

Trading basics

Brand blunder

A brand blunder is an error associated with the branding of a product, especially a new product in a new market. Reasons for such slips include the lack of understanding of the language, culture and consumer attitudes in the new market.

Trading basics

Brand equity

Brand equity, in marketing, is the worth of a brand in and of itself – i.e., the social value of a well-known brand name. The owner of a well-known brand name can generate more revenue simply from brand recognition, as consumers perceive the products of well-known brands as better than those of lesser-known brands.

Fiat currencies

Bretton Woods system

The Bretton Woods system of monetary management established the rules for commercial relations among 44 countries, including the United Kingdom, United States, Canada, European countries, and Australia, after the 1944 Bretton Woods Agreement until the Jamaica Accords in 1976. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary r

Trading basics

Brick and mortar

Brick and mortar (sometimes B&M; commonly bricks and mortar in British English) is an organization or business with a physical presence in a building or other structure. The term brick-and-mortar business is often used to refer to a company that possesses or leases retail shops, factory production facilities, or warehouses for its operations. More specifically, in the jargon of e-commerc

Finance

BRICS Contingent Reserve Arrangement

The BRICS Contingent Reserve Arrangement (CRA) is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures. It was established in 2015 by the BRICS countries: Brazil, Russia, India, China and South Africa. The legal basis is formed by the Treaty for the Establishment of a BRICS Con

Finance

British Business Bank

British Business Bank plc is the United Kingdom government’s economic development bank. It supports smaller businesses’ access to debt and equity finance by working through accredited lenders and fund managers rather than lending directly to most firms. It is wholly owned by HM Government and is headquartered in Sheffield, England.

Trading basics

Broadcast Data Systems

Broadcast Data Systems (also known as Nielsen BDS, BDS or Luminate BDS) was a service that tracks radio, television and internet airplay of songs. The service, which is a unit of MRC Data, is a contributing factor to North American charts published by co-owned magazine Billboard, including the Billboard Hot 100 and Canadian Hot 100, when combined with sales and streaming data from Sounds

Trading basics

Broederlijk Delen

Broederlijk Delen is a Flemish aid and development agency, which specializes in trying to improve the living conditions of rural communities in Africa and Latin America.

Finance

Broker

A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal.

Trading basics

Broker-dealer

In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and derivatives trading process.

Trading basics

Brookstone

Brookstone is a chain of retail stores in the United States and China. It was founded as a mail-order business in 1965, when it started selling items, such as dental clamps and other specialty tools. Its first physical location opened in 1973 in Peterborough, New Hampshire. The company's headquarters are currently located in Merrimack, New Hampshire.

Trading basics

Bruno's

Bruno's Supermarkets, LLC was an American chain of grocery stores with its headquarters in Birmingham, Alabama.

Payments & settlement

BTCPay Server

BTCPay Server is a free and open-source, self-hosted Bitcoin payment processor created in 2017 by Nicolas Dorier. The software allows merchants to accept bitcoin payments directly to their own wallets rather than through a centralized processor, and supports both on-chain Bitcoin and Lightning Network payments.

Securities & exchanges

Buddy Fletcher

Alphonse "Buddy" Fletcher Jr. (born December 19, 1965) is an American former hedge fund manager and founder of the Fletcher Foundation. He began his career as a quantitative equity trader at Bear Stearns and later worked at Kidder, Peabody & Co. Fletcher, who is African American, sued Kidder Peabody for racial discrimination. Although his racial discrimination claims were dismissed, he e

Trading basics

Budget

A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows. Companies, governments, families, and other organiz

Finance

Buenos Aires Stock Exchange

The Buenos Aires Stock Exchange (Spanish: Bolsa de Comercio de Buenos Aires, BCBA) is the organization responsible for the operation of Argentina's primary stock exchange located at Buenos Aires Central Business District. Founded in 1854, it is the successor to the Banco Mercantil, which was created in 1822 by Bernardino Rivadavia.

Trading basics

Buffer stock scheme

A buffer stock scheme (commonly implemented as intervention storage, the "ever-normal granary") is a price stabilization scheme in which surplus commodities are bought and stored for later sale during shortages, usually for an individual commodity market or an entire economy.

Finance

Buffett indicator

The Buffett indicator (or the Buffett metric, or the Market capitalization-to-GDP ratio) is a valuation multiple used to assess how expensive or cheap the aggregate stock market is at a given point in time. It was proposed as a metric by investor Warren Buffett in 2001, who called it "probably the best single measure of where valuations stand at any given moment", and its modern form co

Finance

Build–operate–transfer

Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract. The private entity will have th

Securities & exchanges

Bull spread

In options trading, a bull spread is a vertical spread options strategy that is designed to profit from a moderate rise in the price of the underlying security.

Trading basics

Bullet money

Bullet money or bullet coins, known in Thai as phot duang (also spelled pod duang; Thai: พดด้วง, pronounced [pʰót.dûaŋ]), were a type of coinage historically used in Siam (now Thailand) and its predecessor kingdoms. They were almost exclusively made of silver, in the form of a bar bent into a roundish shape, and stamped with certain marks. Phot duang were issued according to the baht sys

Trading basics

Bullwhip effect

The bullwhip effect is a supply chain phenomenon where orders to suppliers tend to have a larger variability than sales to buyers, which results in an amplified demand variability upstream. In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. The concept first appeared in Jay Forrester's Industrial Dyna

Trading basics

Bumble Bee Foods

Bumble Bee Foods, LLC, is an American company that produces canned tuna, salmon, other seafoods, and chicken under the brand names "Bumble Bee," "Wild Selections," "Beach Cliff," "Brunswick," and "Snow's." The brand is marketed as "Clover Leaf" in Canada. The company is headquartered in San Diego, California, United States. It is owned by FCF Co, Ltd. of Taiwan.

Trading basics

Burton v. United States

Burton v. United States is the name of two appeals to the Supreme Court of the United States by Senator Joseph R. Burton (R-KS) following his conviction for compensated representation of a party in a proceeding in which the United States was interested: Burton v. United States, 196 U.S. 283 (1905) and Burton v. United States, 202 U.S. 344 (1906). Burton was convicted of acting as counsel

Trading basics

Business Growth Fund

BGF, established in 2011 as the Business Growth Fund, is a leading European mid-market private equity and investment firm that provides scaleup support for small and mid-sized businesses. The firm is recognised as The United Kingdom and Ireland's most active growth equity investor.

Trading basics

Business model

A business model describes how a business organization creates, delivers, and captures value, in economic, social, cultural or other contexts. The model describes the specific way in which the business conducts itself, spends, and earns money in a way that generates profit. The process of business model construction and modification is also called business model innovation and forms a pa

Finance

Business valuation

Business valuation is a process and a set of procedures used to estimate the economic value of an owner's interest in a business. Here various valuation techniques are used by the interested counterparties to determine the price they are willing to pay or receive to effect a sale of the business. In addition to estimating the selling price of a business, the same valuation tools are ofte

Trading basics

Business-to-business

Business-to-business (B2B, BtoB or B4B) refers to trade and commercial activity where a business sees other businesses as its customer base. This typically occurs when:

Finance

Butterfly (options)

In finance, a butterfly (or simply fly) is a limited risk, non-directional options strategy that is designed to have a high probability of earning a limited profit when the future volatility of the underlying asset is expected to be lower (when long the butterfly) or higher (when short the butterfly) than that asset's current implied volatility.

Trading basics

Buy and hold

Buy and hold, also called position trading, is an investment strategy whereby an investor buys financial assets or non-financial assets such as real estate, to hold them long term, with the goal of realizing price appreciation, despite volatility.

Securities & exchanges

C. B. Bhave

Chandrasekhar Bhaskar Bhave (born 28 August 1950) was an Indian bureaucrat and financial regulator. He was appointed as the Chairman of the Securities and Exchange Board of India (SEBI) in 2008 for a period of three years.

Banking

C. Hoare & Co

C. Hoare & Co., also known as Hoares, is a British private bank, founded in 1672 by Sir Richard Hoare. A twelfth-generation family business, it is owned by eight of Sir Richard's direct descendants. It is the oldest privately owned bank in the United Kingdom and reputedly the fourth-oldest in continuous operation globally. It is also the second oldest family owned bank in the world after

Banking

Cahorsins

The Cahorsins were merchants and financiers from the French city of Cahors and the surrounding region of Quercy during the High Middle Ages. During their 13th-century heyday, they were among the most prominent communities of Christian long-distance traders outside of Italy, and were particularly prominent in commerce between England and its continental lands of the Duchy of Aquitaine. Th

Trading basics

Calendar effect

A calendar effect (or calendar anomaly) is the difference in behavior of a system that is related to the calendar such as the day of the week, time of the month, time of the year, time within the U.S. presidential cycle, or decade within the century. It is most often used in a financial context to describe a market anomaly; traders may use market timing to profit from moves in stock pric

Securities & exchanges

Calendar spread

In finance, a calendar spread (also called a time spread or horizontal spread) is a spread trade involving the simultaneous purchase of futures or options expiring on a particular date and the sale of the same instrument expiring on another date. These individual purchases, known as the legs of the spread, vary only in expiration date; they are based on the same underlying market and str

Finance

California Municipal Treasurers Association

California Municipal Treasurers Association (CMTA) is the professional society of active public treasurers of California counties, cities, and special districts. It sets ethical standards for the treasury profession in state and local government in California.

Trading basics

California Pizza Kitchen

California Pizza Kitchen, Inc. (CPK) is an American casual dining restaurant chain that specializes in California-style pizza. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, United States. California Pizza Kitchen introduced and popularized BBQ Chicken Pizza.

Finance

California Society of Municipal Finance Officers

The California Society of Municipal Finance Officers (or CSMFO) is a professional association of state, county, and local government finance officers in California. The California Society of Municipal Finance Officers is the statewide organization serving all California municipal finance professionals, an affiliate of the nationwide Government Finance Officers Association (GFOA). Membe

Finance

Call option

In finance, a call option (often simply a "call") is an option contract that gives its buyer the right, but not the obligation, to buy an agreed quantity of a particular commodity, security, or other financial instrument from the seller at a specified price. The asset or instrument to which the option relates is known as the underlying, and the specified purchase price is known as the st

Trading basics

Call to action (marketing)

Call to action (CTA) is a marketing term for any text designed to prompt an immediate response or encourage an immediate sale. A CTA most often refers to the use of words or phrases that can be incorporated into sales scripts, advertising messages, or web pages, which compel an audience to act in a specific way.

Securities & exchanges

Callable bull/bear contract

A callable bull/bear contract, or CBBC in short form, is a derivative financial instrument that provides investors with a leveraged investment in underlying assets, which can be a single stock, or an index. CBBC is usually issued by third parties, mostly investment banks, but neither by stock exchanges nor by asset owners. It was first introduced in Europe and Australia in 2001, and it i

Trading basics

Cambridge capital controversy

The Cambridge capital controversy, sometimes called "the capital controversy" or "the two Cambridges debate", was a dispute between proponents of two differing theoretical and mathematical positions in economics that started in the 1950s and lasted well into the 1960s. The debate concerned the nature and role of capital goods and a critique of the neoclassical vision of aggregate product

Trading basics

Campus cooperative

A campus cooperative (also university cooperative or student cooperative) is a cooperative enterprise that operates within or in affiliation with a university or college, owned and democratically governed by its members, who are typically students, faculty, and staff. Campus cooperatives can take various forms, including consumer cooperatives (bookstores, food stores), housing cooperativ

Securities & exchanges

Canadian Securities Administrators

The Canadian Securities Administrators (CSA; French: Autorités canadiennes en valeurs mobilières, ACVM) is an umbrella organization of Canada's provincial and territorial securities regulators whose objective is to improve, coordinate, and harmonize regulation of the Canadian capital markets.

Securities & exchanges

Canadian Securities Exchange

Canadian Securities Exchange (CSE; French: La Bourse des valeurs canadiennes), operated by CNSX Inc., is a stock exchange domiciled in Canada. When recognized by the Ontario Securities Commission in 2004, CSE was the first exchange approved in Ontario in 70 years.

Securities & exchanges

Canadian securities regulation

Canadian securities regulation is managed through the laws and agencies established by Canada's 10 provincial and 3 territorial governments. Each province and territory has a securities commission or equivalent authority with its own provincial or territorial legislation.

Trading basics

Canal Digitaal

CanalDigitaal is a provider of digital television via satellite for the Dutch market, using the Astra satellites at 23.5° east.

Trading basics

Cannibalization (marketing)

In marketing strategy, cannibalization is a reduction in sales volume, sales revenue, or market share of one product when the same company introduces a new product.

Trading basics

Cantaloupe, Inc.

Cantaloupe, Inc., previously known as USA Technologies Inc., is an American company known for its work with ePort cashless acceptance technology running on its patented ePort Connect service, a PCI compliant services. ePort Connect wirelessly facilitates electronic payment options to consumers with credit, debit, or NFC enabled electronic wallets like Apple Pay and Google Pay while provi

Trading basics

Capital (economics)

In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." Capital is a broad economic concept re

Trading basics

Capital accumulation

Capital accumulation is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains. The goal of accumulation of capital is to create new fixed capital and working capital, broad

Trading basics

Capital allocation line

Capital allocation line (CAL) is a graph created by investors to measure the risk of risky and risk-free assets. The graph displays the return to be made by taking on a certain level of risk. Its slope is known as the "reward-to-variability ratio".

Trading basics

Capital asset pricing model

In finance, the capital asset pricing model (CAPM) is a model used to determine a theoretically appropriate required rate of return of an asset, to make decisions about adding assets to a well-diversified portfolio. The model takes into account the asset's sensitivity to non-diversifiable risk (also known as systematic risk or market risk), often represented by the quantity beta (β) in t

Trading basics

Capital gain

Capital gain is an economic concept defined as the profit earned on the sale of an asset that has increased in value over the holding period. An asset may be tangible property, a car, a business, or intangible property such as shares.

Trading basics

Capital market

A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. Financial regulators like the B

Trading basics

Capital market line

Capital market line (CML) is the tangent line drawn from the point of the risk-free asset to the feasible region for risky assets. The tangency point M represents the market portfolio, so named since all rational investors (minimum variance criterion) should hold their risky assets in the same proportions as their weights in the market portfolio.

Trading basics

Capitalism

Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in several stages and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on inn

Trading basics

Capitalism and Islam

Islamic capitalism was active during the Islamic Golden Age and Arab Agricultural Revolution, where an early market economy and form of merchant capitalism took root between the 8th and 12th centuries. A vigorous monetary economy was based on a widely-circulated currency (the dinar) and the integration of monetary areas that were previously independent. Business techniques and forms of b

Finance

Capitalization rate

Capitalization rate (or "cap rate") is a real estate valuation measure used to compare different real estate investments. Although there are many variations, the cap rate is generally calculated as the ratio between the annual rental income produced by a real estate asset to its current market value. Most variations depend on the definition of the annual rental income and whether it is

Fiat currencies

Carbon quantitative easing

Carbon quantitative easing (CQE) is an unconventional monetary policy or monetary program that is featured in a proposed international climate policy, called a global carbon reward or simply, the carbon reward. The main goal of CQE is to guarantee the price floor of a carbon reward market so that this market can scale to decarbonise the world economy. The market instrument is also called

Trading basics

Cardinal Health

Cardinal Health Technologies, LLC doing business as Cardinal Health, is an American multinational health care services company, and the 15th highest revenue generating company in the United States. Headquartered in Dublin, Ohio, the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations. The company also manufactures medical a

Finance

Caribbean Financial Action Task Force

The Caribbean Financial Action Task Force (CFATF) is an organization of states and territories of the Caribbean Basin that have agreed to implement common counter-measures against money laundering. CFATF has associate status within the Financial Action Task Force on Money Laundering (FATF).

Trading basics

Caribbean guilder

The Caribbean guilder (code: XCG; abbreviation: Cg; Dutch: Caribische gulden; Papiamento: florin karibense) is the currency of Curaçao and Sint Maarten, two constituent countries of the Kingdom of the Netherlands. It is divided into 100 cents (Papiamento: sèn). Introduced on 31 March 2025, it replaced the Netherlands Antillean guilder (ANG), which ceased to be legal tender on 1 July 2025