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Community ownership
Community ownership is a broad term that refers to shared ownership and decision making over local assets, resources, or services, typically for the purpose of ensuring economic, cultural, and social benefits for its users. The forms of community ownership and concepts about what constitutes “ownership” are diverse and depend greatly on context. However, generally in cases of community o
Trading basicsCompetitive heterogeneity
Competitive heterogeneity is a concept from strategic management that examines why industries do not converge on one best way of doing things. In the view of strategic management scholars, the microeconomics of production and competition combine to predict that industries will be composed of identical firms offering identical products at identical prices.
Trading basicsCompetitive intelligence
Competitive intelligence (CI) is the process of obtaining knowledge about an organization's competitive environment to improve organizational performance. Competitive intelligence involves collecting and analyzing information from multiple sources as part of a coordinated competitive intelligence program. It is the action of defining, gathering, analyzing, and distributing intelligence a
Trading basicsCompetitiveness Policy Council
The Competitiveness Policy Council was an independent federal advisory committee chartered in 1988 to advise the president and the Congress on more effective policies to promote U.S. competitiveness. The council had a unique quadrapartite membership composed of representatives from business, labor, government, and the public.
Trading basicsCompetitor analysis
Competitive analysis in marketing and strategic management is the assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context to identify opportunities and threats. Profiling combines all of the relevant sources of competitor analysis into one framework in the support of efficient and effective
FinanceConsolidated Tape Association
The Consolidated Tape Association (CTA) oversees the Securities Information Processor that disseminates real-time trade and quote information (market data) in New York Stock Exchange (NYSE) and American Stock Exchange (AMEX) listed securities (stocks and bonds). It is currently chaired by Emily Kasparov of the Chicago Stock Exchange, the first woman and the youngest chair elected to the
Securities & exchangesConstant elasticity of variance model
In mathematical finance, the constant elasticity of variance model (CEV) is a stochastic volatility model, although technically it would be classed more precisely as a local volatility model, that attempts to capture stochastic volatility and the leverage effect. The model is widely used by practitioners in the financial industry, especially for modelling equities and commodities. It was
FinanceContingent convertible bond
A contingent convertible bond (CoCo), also known as an enhanced capital note (ECN), is a fixed-income instrument that is convertible into equity if a pre-specified trigger event occurs. The concept of CoCo has been particularly discussed in the context of crisis management in the banking industry. It has been also emerging as an alternative way for keeping solvency in the insurance indus
Trading basicsContrarian investing
Contrarian investing is an investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time.
Trading basicsConversational commerce
Conversational commerce is e-commerce done via various means of conversation (live support on e-commerce Web sites, online chat using messaging apps, chatbots on messaging apps or websites, voice assistants) and using technology such as: speech recognition, speaker recognition (voice biometrics), natural language processing and artificial intelligence. Conversational commerce often relie
FinanceCoreCard Corporation
CoreCard Corporation is an American financial technology company based in Norcross, Georgia. Before 2021, it was named Intelligent Systems Corporation and once sold portable computers, video terminals, expansion cards, and other peripherals through a variety of manufacturing subsidiaries.
Trading basicsCorner Bakery Cafe
Best Cafe Enterprises, LLC, doing business as Corner Bakery Cafe is an American chain of cafes that specialize in pastries, breads, breakfast dishes, gourmet sandwiches, homemade soups, salads, and pasta. Corner Bakery Cafe is considered to be a part of the fast casual market segment of the food service industry, offering a higher quality of food and atmosphere than a typical fast food
FinanceCorporate action
A corporate action is an event initiated by a public company that brings or could bring an actual change to the debt securities—equity or debt—issued by the company. Corporate actions are typically agreed upon by a company's board of directors and authorized by the shareholders. For some events, shareholders or bondholders are permitted to vote on the event. Examples of corporate actions
Trading basicsCorporate architecture
Corporate architecture refers to the use of architectural design to construct physical spaces (buildings, workplaces, etc.) that can promote the image of a corporation. During the 20th century corporate architecture underwent a transformation from functional design philosophies to more creative endeavours, which are able to be an expression of the firm’s institutional identity and play a
Trading basicsCorporate farming
Corporate farming (also known as Big Agriculture or Big Ag in the United States and Canada) is the practice of large-scale industrial agriculture on farms owned or greatly influenced by large companies. This includes corporate ownership of farms and the sale of agricultural products, as well as the roles of these companies in influencing agricultural education, research, and public polic
Trading basicsCorporate venture capital
Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the "practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage." Examples o
Trading basicsCost-plus contract
A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus an additional payment to allow for risk and incentive sharing. Cost-reimbursement contracts contrast with fixed-price contracts, in which the contractor is paid a negotiated amount regardless of incurred expenses.
Trading basicsCountry of origin
Country of origin (CO) represents the country or countries of manufacture, production, design, or brand origin where an article or product comes from. For multinational brands, CO may include multiple countries within the value-creation process.
Trading basicsCrack spread
Crack spread is a term used in the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it. The spread approximates the profit margin that an oil refinery can expect to make by "cracking" the long-chain hydrocarbons of crude oil into useful shorter-chain petroleum products.
FinanceCredit Institute of Canada
The Credit Institute of Canada (CIC) (French: Institut de crédit du Canada) is a not-for-profit organization created by a special Act of Parliament on June 11, 1928. The CIC provides credit management resources, education and certification to its members and is the only organization that grants official designations to professionals in the Canadian credit management field.
Trading basicsCrown Estate
The Crown Estate is a collection of lands and holdings in the United Kingdom belonging to the British monarch as a corporation sole, making it "the sovereign's public estate", which is neither government property nor part of the monarch's private estate. The Crown Estate in England, Wales, and Northern Ireland is managed by the Crown Estate Commissioners, which trades as The Crown Estate
Fiat currenciesCurrency War of 2009–2011
The Currency War of 2009–2011 was an episode of competitive devaluation which became prominent in the financial press in September 2010. It involved states competing with each other in order to achieve a relatively low valuation for their own currency, so as to assist their domestic industry. Due to the Great Recession, the export sectors of many emerging economies experienced declining
Payments & settlementCurrent account (balance of payments)
In macroeconomics and international finance, a country's current account records the value of exports and imports of both goods and services and international transfers of capital. It is one of the two components of the balance of payments, the other being the capital account (also known as the financial account). Current account measures the nation's earnings and spendings abroad and it
FinanceCurrent yield
The current yield, interest yield, income yield, flat yield, market yield, mark to market yield or running yield is a financial term used in reference to bonds and other fixed-interest securities such as gilts. It is the ratio of the annual interest (coupon) payment and the bond's price:
Trading basicsCustomer
In sales, commerce, and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product, or an idea, obtained from a seller, vendor, or supplier via a financial transaction or an exchange for money or some other valuable consideration.
Trading basicsCustomer advisory council
A Customer Advisory Council (also referred to as a Customer Advisory Board or CAB) is a form of market research whereby a group of existing customers is convened on a regular basis to advise company management on industry trends, business priorities, and strategic direction. The CAB differs from traditional focus groups in the following ways:
FinanceCustoms, Excise and Service Tax Appellate Tribunal
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) is an India quasi-judicial body that hears appeals against orders and decisions passed under the Customs Act, 1962 and Central Excise Act, 1944 as amended from time to time. It was constituted as Customs, Excise and Gold (Control) Appellate Tribunal (CEGAT) under section 129 of Customs Act, 1962, as amended by section 50 and
FinanceCyclically adjusted price-to-earnings ratio
The cyclically adjusted price-to-earnings ratio (CAPE, Shiller P/E, or P/E 10 ratio) is a stock valuation measure usually applied to the US S&P 500 equity market. It is defined as price divided by the average of ten years of earnings (moving average), adjusted for inflation. As such, it is principally used to assess likely future returns from equities over timescales of 10 to 20 years, w
FinanceData Explorers
Data Explorers is a privately owned financial data and software company headquartered in London, UK, with offices in New York, US, Edinburgh and Hong Kong. The company provides financial benchmarking information to the Securities lending Industry and short-side intelligence to the Investment Management community. The company has a global dataset covering $12 trillion of securities in the
Trading basicsDauch Corporation
Dauch Corporation, formerly American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
Securities & exchangesDavid Dodd
David LeFevre Dodd (August 23, 1895 – September 18, 1988) was an American educator, financial analyst, author, economist, and investor. In his student years, Dodd was a protégé and colleague of Benjamin Graham at Columbia Business School.
BankingDebanking
Debanking (sometimes spelled de-banking, and also known within the banking industry as de-risking) is the closure of people's or organizations' bank accounts by banks that perceive the account holders to pose a financial, legal, regulatory, or reputational risk to the bank.
Fiat currenciesDebt intolerance
Debt intolerance is a term referring to the inability of emerging markets to manage levels of external debt that, under the same circumstances, would be manageable for developed countries, making a direct analogy to lactose-intolerant individuals. It was coined by Carmen Reinhart, Kenneth Rogoff and Miguel Savastano.
Trading basicsDebt Management Office (United Kingdom)
The Debt Management Office (DMO) of the United Kingdom is the executive agency responsible for debt and cash management for the UK Government, lending to local authorities and managing certain public sector funds.
FinanceDebt of Honor
Debt of Honor is a techno-thriller novel, written by Tom Clancy and released on August 17, 1994. A direct sequel to The Sum of All Fears (1991), Jack Ryan becomes the National Security Advisor when a secret cabal of Japanese industrialists seize control of their country's government and wage war on the United States. The book debuted at number one on The New York Times bestseller list. T
FinanceDebt-to-income ratio
In the consumer mortgage industry, debt-to-income ratio (DTI) is the percentage of a consumer's monthly gross income that goes toward paying debts. (Speaking precisely, DTIs often cover more than just debts; they can include principal, taxes, fees, and insurance premiums as well. Nevertheless, the term is a set phrase that serves as a convenient, well-understood shorthand.) There are two
Trading basicsDecartelization
Decartelization is the transition of a national economy from monopoly control by groups of large businesses, known as cartels, to a free market economy. This change rarely arises naturally, and is generally the result of regulation by a governing body with the authority to decide what structures are permissible.
Trading basicsDel Monte Foods
Del Monte Foods Inc. (trading as Del Monte Foods) is an American food production and distribution company and subsidiary of NutriAsia, headquartered in Walnut Creek, California. Del Monte Foods is one of the largest producers, distributors and marketers of branded processed food for the U.S. retail market, generating approximately $1.73 billion of annual sales. Its portfolio of brands in
Trading basicsDemand generation
Demand generation is the focus of targeted marketing programs to drive awareness and interest in a company's products and/or services. Commonly used in business-to-business, business-to-government, or longer business-to-consumer sales cycles, demand generation involves multiple areas of marketing and is really the marriage of marketing programs coupled with a structured sales process.
Trading basicsDemutualization
Demutualization is the process by which a customer-owned mutual organization (mutual) or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a "windfall" payout, in the form of shares in the successor company, a cash payment, or a mixture of both. Mutualizat
Trading basicsDenominación de origen
In Spain and Latin America, the denominación de origen (Spanish: [denominaˈθjon de oˈɾixen]; lit. 'designation of origin') is part of a regulatory geographical indication system used primarily for foodstuffs such as cheeses, condiments, honey, and meats, among others. In wines, it parallels the hierarchical systems of France (1935) and Italy (1963), although Rioja (1925) and Jerez (1933
Trading basicsDenomination effect
The denomination effect is a form of cognitive bias relating to currency, suggesting people may be less likely to spend larger currency denominations than their equivalent value in smaller denominations. It was proposed by Priya Raghubir, professor at the New York University Stern School of Business, and Joydeep Srivastava, professor at University of Maryland, in their 2009 paper "Denomi
FinanceDepartment of Budget and Management
The Department of Budget and Management (DBM; Filipino: Kagawaran ng Badyet at Pamamahala) is an executive body under the Office of the President of the Philippines. It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals.
FinanceDepartment of Finance (Australia)
The Department of Finance is a department of the Australian Government that is responsible for assisting the government across a wide range of policy areas to ensure its outcomes are met, particularly with regard to expenditure, fiscal management and operations of government.
FinanceDepartment of Finance (Philippines)
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all publ
FinanceDepartment of Treasury and Finance (Victoria)
The Department of Treasury and Finance (DTF), often informally referred to as the Treasury, is a government department in Victoria, Australia.
Trading basicsDeutsche Bank Liquid Commodity Index
The Deutsche Bank Liquid Commodity Index (DBLCI) is a commodity price index operated by German based Deutsche Bank. It was launched in February 2003 and tracks the performance of six commodities in the energy, precious metals, industrial metals and grain sectors. The DBLCI has constant weightings for each of the six commodities and the index is rebalanced annually in the first week of N
Trading basicsDeveloped market
In finance and economics, a developed market (also advanced economy) is a country or jurisdiction that possesses a highly advanced economy, sophisticated financial market infrastructure, and mature capital markets. The term is primarily used by international financial institutions, index providers, and investment professionals to categorize national economies for the purposes of investin
Trading basicsDhanendra Kumar
Dhanendra Kumar (1946-2026) was a civil servant who was the first chair of Competition Commission of India (CCI). Kumar formerly served as executive director at World Bank.
Trading basicsDigital economy
The digital economy is a portmanteau of digital computing and economy, and is an umbrella term that describes how traditional brick-and-mortar economic activities (production, distribution, trade) are being transformed by the Internet and World Wide Web technologies. It has also been defined more broadly as the way "digital technologies are transforming work, organizations, and the econo
BankingDigital ruble
The digital ruble (Russian: цифровой рубль, romanized: tsifrovoy rubl') is a central bank digital currency (CBDC) issued by the Central Bank of Russia (Bank of Russia). It represents the third official form of the Russian national currency alongside cash and commercial bank deposits, with all forms legally equivalent and exchangeable at par.
Payments & settlementDiners Club International
Diners Club International Ltd. (DCI), founded as Diners Club, is a payment network owned by Capital One. Diners Club and its franchises are accepted in over 200 countries and territories. Card issuers operating in approximately 45 countries have exclusive individual licenses to issue cards on the Diners Club network in a given country.
Trading basicsDirect-to-consumer
Direct-to-consumer (DTC or D2C) is a modern variation of the business-to-consumer (B2C) business model. The DTC is a business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, or intermediaries. Direct-to-consumer sales are usually transacted online, but direct-to-consumer brands may also operate physical retail spaces as a comp
Trading basicsDirty price
Dirty price is the total amount paid for a bond at settlement. It equals the quoted clean price plus the accrued interest that has built up since the previous coupon date. Many bond markets quote prices on a clean basis to aid comparison, while the cash exchanged at settlement uses the dirty price. Between coupon dates the dirty price rises as interest accrues and then drops on the coupo
Trading basicsDisinvestment
Disinvestment refers to the use of a concerted economic boycott to pressure a government, industry, or company towards a change in policy, or in the case of governments, even regime change. The term was first used in the 1980s, most commonly in the United States, to refer to the use of a concerted economic boycott designed to pressure the government of South Africa into abolishing its ap
Trading basicsDisruptive innovation
In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances. In theory, disruptive innovation makes it hard for leading firms to stay at the top of their industry. The term, "disruptive innovation" was popularized by the
FinanceDividend yield
The dividend yield of a share is the ratio of annualised cash dividends to the share's current market price. It is usually expressed as a percentage and is commonly calculated by dividing the annual dividend per share by the current share price.
Trading basicsDogs of the Dow
The Dogs of the Dow is an investment strategy popularized by Michael B. O'Higgins in a 1991 book and his Dogs of the Dow website. It is a form of dividend investing.
Trading basicsDollarama
Dollarama Inc. is a Canadian dollar store retail chain headquartered in Mount Royal, Quebec. The business was established in 1992 by Larry Rossy. Since 2009, Dollarama has been Canada's largest retailer of items for five dollars or less. It has over 1400 stores across all provinces of Canada and the Northwest Territories; Ontario has the most stores. The company also owns The Reject Shop
Trading basicsDouble marginalization
In industrial economics, double marginalization occurs when two firms at different levels of the supply chain possess market power and independently apply markups, resulting in a final price that is higher than it would be if the firms were integrated. Double marginalization is clearly negative from an economic welfare point of view, as the double markup leads to a final price is higher
FinanceDow Jones & Company
Dow Jones & Company, Inc. (also known simply as Dow Jones) is an American publishing firm owned by News Corp, and led by CEO Almar Latour. The company publishes The Wall Street Journal, Barron's, MarketWatch, Mansion Global, Financial News and Private Equity News.
Trading basicsDun & Bradstreet
The Dun & Bradstreet Holdings, Inc. (D&B) is an American company that provides commercial data, analytics, and insights for businesses. Headquartered in Jacksonville, Florida, the company offers a wide range of products and services for risk and financial analysis, operations and supply, and sales and marketing professionals, as well as research and insights on global business issues. It
FinanceDuPont analysis
Dupont analysis is a tool used in financial analysis, where return on equity (ROE) is separated into its component parts.
Trading basicsEarly history of private equity
The early history of private equity relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.
Trading basicsEast Asian model
The East Asian model (Japanese: 修正資本主義, romanized: shūsei shihonshugi, lit. 'modified capitalism'), pioneered by Japan, is a plan for economic growth whereby the government invests in certain sectors of the economy in order to stimulate the growth of specific industries in the private sector. It generally refers to the model of development pursued in East Asian economies such as Japan, S
FinanceEconomic capital
In finance, mainly for financial services firms, economic capital (ecap) is the amount of risk capital, assessed on a realistic basis, which a firm requires to cover the risks that it is running or collecting as a going concern, such as market risk, credit risk, legal risk, and operational risk. It is the amount of money that is needed to secure survival in a worst-case scenario. Firms a
FinanceEducation financing in Guyana
Guyana's record GDP growth positions it as one of the fastest-growing economies, due to the discovery of significant offshore-oil reserves. Such increases in government revenue have enabled opportunities for public investment. This has allowed for increased expenditure in education. The previous limitations of colonial legacies, and socio-economic inequality, inadequate infrastructure, a
Trading basicsElectricity pricing
Electricity pricing (also referred to as electricity tariffs or the price of electricity) can vary widely by country or by locality within a country. Electricity prices are dependent on many factors, such as the price of power generation, government taxes or subsidies, CO2 taxes, local weather patterns, transmission and distribution infrastructure, and multi-tiered industry regulation. T
Trading basicsElectronic Road Pricing
The Electronic Road Pricing (ERP) system is an electronic toll collection scheme adopted in Singapore to manage traffic by way of road pricing, and as a usage-based taxation mechanism to complement the purchase-based Certificate of Entitlement system. As of September 2026, only 33 ERP gantries are in operation, the currently operating and surviving gantries will be rebranded as "road cha
Trading basicsElliott wave principle
The Elliott wave principle, or Elliott wave theory, is a form of technical analysis that helps financial traders analyze market cycles and forecast market trends by identifying extremes in investor psychology and price levels, such as highs and lows, by looking for patterns in prices. Ralph Nelson Elliott (1871–1948), an American accountant, developed a model for the underlying social pr
FinanceEnforcement Directorate
The Enforcement Directorate (ED) is a law enforcement and economic intelligence agency of the Government of India. Established on 1 May 1956, it is responsible for enforcing economic laws and combating financial crimes. The ED operates under the Department of Revenue, Ministry of Finance, with its headquarters in New Delhi.
BankingEngwall family
The Engwall family (Swedish pronunciation: [ɛːŋːvˈǎll] ) is a prominent Swedish family descended from Jonas Engwall, an inventor and engineer. The Engwalls are noted as merchants, industrialists, scholars, bankers, politicians, activists, bureaucrats, military officials, philanthropists, economists, and diplomats.
Trading basicsEnvironmental impact of bitcoin
The environmental impact of bitcoin has been characterized in the literature as significant, particularly due to its energy use, greenhouse gas emissions, and electronic waste. Bitcoin mining, the process by which bitcoins are created and transactions are finalized, is energy-consuming due to it requiring a large amount of compute and results in carbon emissions. According to the 2025 Ca
BankingEnvironmental, social, and governance
Environmental, social, and governance (ESG) is shorthand for an investing principle that prioritizes environmental issues, social issues, and corporate governance. Investing with ESG considerations is sometimes referred to as responsible investing or, in more proactive cases, impact investing. The term is also frequently used interchangeably with corporate social responsibility and susta
Trading basicsEpicor
Epicor Software Corporation is a business software company based in Austin, Texas founded in 1972. Its products are aimed at the manufacturing, distribution, retail and services industries.
Trading basicsEpson
Seiko Epson Corporation, commonly known as Epson, is a Japanese multinational corporation headquartered in Suwa, Nagano, Japan, and one of the world's largest manufacturers of printers and information- and imaging-related equipment. Its products include inkjet, dot matrix, thermal and laser printers for consumer, business and industrial use, scanners, laptop and desktop computers, video
Trading basicsETKA
ETKA is the official electronic parts catalogue for Volkswagen Group motor vehicles. Launched in 1989, ETKA superseded the older parts books and microfilm-based catalogues. ETKA is an abbreviation from the German: Elektronischer Teilekatalog. It is produced for Volkswagen AG by the Munich-based specialist automotive industry information systems software publisher LexCom Informationssys
Trading basicsEttore Conti, Count of Verampio
Ettore Conti, Count of Verampio OML, OMRI, OCI (1871–1972, Milan, Kingdom of Italy) was an Italian senator, industrialist, and aristocrat.
Payments & settlementEuronet Worldwide
Euronet is an American provider of global electronic payment services with headquarters in Leawood, Kansas. It offers automated teller machines (ATM), point of sale (POS) services, credit/debit card services, currency exchange and other electronic financial services and payments software. Among others, it provides the prepaid subsidiaries Transact, PaySpot, epay, Movilcarga, TeleRecarga
Trading basicsEuronext Paris
Euronext Paris, formerly known as the Paris Bourse (French: Bourse de Paris), is a regulated securities trading venue in France. It is Europe's second largest stock exchange by market capitalization, behind the London Stock Exchange, as of December 2023. As of 2022, the 795 companies listed had a combined market capitalization of over US$4.58 trillion.
BankingEuropean banking crisis of 1931
The European banking crisis of 1931 was a major episode of financial instability that peaked with the collapse of several major banks in Austria and Germany, including Creditanstalt on 11 May 1931, Landesbank der Rheinprovinz on 11 July 1931, and Danat-Bank on 13 July 1931. It triggered Germany's exit from the gold standard on 15 July 1931, followed by the UK on 19 September 1931, and ex
Securities & exchangesEuropean Central Securities Depositories Association
European Central Securities Depositories Association (ECSDA) is the official trade association for the Central Securities Depository industry in Europe. The association provides a forum for Central Securities Depositories (CSDs) to exchange views and take forward projects of mutual interest.
FinanceEuropean Parliament Committee on Economic and Monetary Affairs
The Committee on Economic and Monetary Affairs (ECON) is a standing committee of the European Parliament. It is responsible for economic and monetary policy, the functioning of Economic and Monetary Union, financial services and markets, the free movement of capital and payments, taxation, competition policy and the international monetary and financial system.
Trading basicsExchange fund
An exchange fund, also known as a swap fund, is a private investment vehicle that allows investors holding large, appreciated positions in publicly traded stock to pool their shares into a single fund, diversifying their holdings without triggering a taxable event. Each investor contributes concentrated stock and receives a proportional interest in the fund, which holds a diversified por
Trading basicsExperience economy
An experience economy is the sale of memorable experiences to customers. The term was first used in a 1998 article by B. Joseph Pine II and James H. Gilmore describing the next economy following the agrarian economy, the industrial economy, and the most recent service economy.
Trading basicsExport Bonus Scheme
The Export Bonus Scheme (EBS) was a dual exchange rate system implemented by the government of Ayub Khan from 1959 to 1972. It was introduced to address foreign exchange shortages and support industrialization. In practice, it amounted to an effective devaluation of the Pakistani rupee for selected sectors. Although the EBS increased manufactured exports, it was later criticized for crea
FinanceExtreme value theory
Extreme value theory or extreme value analysis (EVA) is the study of extremes in statistical distributions.
Fiat currenciesFacebook Credits
Facebook Credits was a virtual currency that enabled people to purchase items in games and non-gaming applications on the Facebook Platform. One U.S. dollar was the equivalent of 10 Facebook Credits. Facebook Credits were available in 15 currencies including U.S. dollars, pound sterling, euros, and Danish kroner. Facebook was hoping eventually to expand Credits into a micropayment system
Trading basicsFair debt collection
Fair debt collection broadly refers to regulation of the United States debt collection industry at both the federal and state level. At the Federal level, it is primarily governed by the Fair Debt Collection Practices Act (FDCPA). In addition, many U.S. states also have debt collection laws that regulate the credit and collection industry and give consumer debtors protection from abusive
Trading basicsFalse advertising
False advertising is the act of publishing, transmitting, distributing or otherwise publicly circulating an advertisement containing a false claim or statement, to promote the sale of property, goods or services. A false advertisement can be classified as deceptive if the advertiser deliberately misleads the consumer, rather than making an unintentional mistake. A number of governments u
FinanceFarm Debt Mediation Act
The Farm Debt Mediation Act (French: Loi sur la médiation en matière d’endettement agricole, S.C. 1997, c. 21) ("FDMA") is an act of the Parliament of Canada that enables a debt advisory service to insolvent farmers by Agriculture and Agri-Food Canada, as well as certain protective provisions available to help facilitate mediation with creditors while allowing such farmers to continue th
Trading basicsFashion merchandising
Fashion merchandising can be defined as the planning and promotion of sales by presenting a product to the right market at the proper time, by carrying out organized, skillful advertising, using attractive displays, etc. Merchandising, within fashion retail, refers specifically to the stock planning, management, and control process. Fashion Merchandising is a job that is done world- wide
Trading basicsFASTag
FASTag is an electronic toll collection system in India, operated by the National Highways Authority of India (NHAI). It employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner. It is affixed on the windscreen of the vehicle and enables one to drive through toll plazas without stopp
Payments & settlementFaster Payment System (United Kingdom)
The Faster Payment System (FPS) is a United Kingdom real-time gross settlement system which facilitates transfers between different banks' customer accounts within a few seconds. The system offers faster settlement times than the long-established BACS and CHAPS systems. FPS processes a large volume of small payments, subject to limits set by the individual banks, with some allowing Faste
Trading basicsFeatherbedding
Featherbedding is the practice of hiring more workers than are needed to perform a given job, or to adopt work procedures which appear pointless, complex and time-consuming merely to employ additional workers. The term "make-work" is sometimes used as a synonym for featherbedding.
FinanceFederal budget of Russia
The federal budget of Russia (Russian: федеральный бюджет России) is the leading element of the budget system of Russia. It is a major state financial plan for the fiscal year, which has the force of law after its approval by the Russian parliament and signed into law by the President of Russia.
Trading basicsFederal takeover of Fannie Mae and Freddie Mac
In September 2008, the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subp
Trading basicsFilm budgeting
Film budgeting refers to the process by which a line producer, unit production manager, or production accountant prepares a budget for a film production. This document, which could be over 130 pages long, is used to secure financing for and lead to pre-production and production of the film. Multiple drafts of the budget may be required to whittle down costs.
Trading basicsFinancial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers, and maintains the integrity of the financial markets in the United Kingdom.
BankingFinancial Consumer Agency of Canada
The Financial Consumer Agency of Canada (French: Agence de la consommation en matière financière du Canada, FCAC) is an agency of the Government of Canada that enforces consumer protection legislation, regulations and industry commitments by federally regulated financial entities. It also provides programs and information to help consumers understand their rights and responsibilities whe