XPayIndustry WIKIBack to home
XPAY KNOWLEDGE

Industry WIKI

Digital assets and currencies

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

Finance

Indian Revenue Service (Customs and Indirect Taxes)

The Indian Revenue Service (Customs and Indirect Taxes) is a part of central civil service of the government of India. It is a part of the Indian Revenue Service and functions under the Central Board of Indirect Taxes and Customs, Department of Revenue of the Ministry of Finance. It is under the administrative direction of the Revenue Secretary and the ministerial command of the Minister

Finance

Individual savings account

An individual savings account (ISA or Isa; ) is a class of retail investment arrangement available to residents of the United Kingdom. Introduced in 1999 as an Individual Special Savings Account (ISSA), the accounts are exempt from income tax and capital gains tax on the investment returns, and no tax is payable on money withdrawn from the scheme.

Trading basics

Industrial design

Industrial design (ID) is the process of identifying problems and creating products, systems, and experiences that make everyday activities more efficient or meaningful. It is the creative act of determining and defining a product's form and features, which takes place in advance of the manufacture or production of the product. Industrial manufacture consists of predetermined, standardiz

Trading basics

Inflationism

Inflationism is a heterodox economic, fiscal, or monetary policy, that predicts that a substantial level of inflation is harmless, desirable or even advantageous. Similarly, inflationist economists advocate for an inflationist policy.

Trading basics

Infomercial

An infomercial is a form of television advertisement that resembles regular TV programming yet is intended to promote or sell a product, service or idea. It generally includes a toll-free telephone number or website. Most often used as a form of direct response television (DRTV), they are often program‑length commercials (long-form infomercials), and are typically 28:30 or 58:30 minutes

Trading basics

INIT SE

INIT Innovation in Traffic Systems SE is a German technology company serving the public transport market, based in Karlsruhe. The company was founded in 1983 by Gottfried Greschner, developing on his research on intelligent transportation systems at the University of Karlsruhe. INIT opened a North American subsidiary in Chesapeake, Virginia, in 1999, and has expanded to serve clients in

Trading basics

Inland Revenue Ordinance

The Inland Revenue Ordinance is one of Hong Kong's Ordinances. It regulates the inland revenue of Hong Kong.

Trading basics

Internal ratings-based approach (credit risk)

Under the Basel II guidelines, banks are allowed to use their own estimated risk parameters for the purpose of calculating regulatory capital. This is known as the internal ratings-based (IRB) approach to capital requirements for credit risk. Only banks meeting certain minimum conditions, disclosure requirements and approval from their national supervisor are allowed to use this approach

Finance

International asset recovery

International asset recovery is any effort by governments to repatriate the proceeds of corruption hidden in foreign jurisdictions. Such assets may include monies in bank accounts, real estate, vehicles, arts and artifacts, and precious metals. As defined under the United Nations Convention against Corruption, asset recovery refers to recovering the proceeds of corruption, rather than br

Finance

International Bank Account Number

The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors. An IBAN uniquely identifies the account of a customer at a financial institution. It was originally adopted by the European Commit

Trading basics

International investment agreement

An international investment agreement (IIA) is a type of treaty between countries that addresses issues relevant to cross-border investments, usually for the purpose of protection, promotion and liberalization of such investments. Most IIAs cover foreign direct investment (FDI) and portfolio investment, but some exclude the latter. Countries concluding IIAs commit themselves to adhere to

Finance

International Monetary Fund

The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth,

Finance

International Securities Identification Number

An International Securities Identification Number (ISIN) is a code that uniquely identifies a security globally for the purposes of facilitating clearing, reporting and settlement of trades. Its structure is defined in ISO 6166. The ISIN code is a 12-character alphanumeric code that serves for uniform identification of a security through normalization of the assigned National Number, whe

Trading basics

International trade in fine art

The international trade of fine art is most precisely defined as the trade across nations of unique, non-reproducible works by an artist. The art trade contradicts typical international trade models since it is a culturally significant good. It is not treated by consumers the same way any other commodity would because of the aesthetic value that is unique to each piece. Despite existi

Trading basics

Internet

The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a network of networks that comprises private, public, academic, business, and government networks of local to global scope, linked by electronic, wireless, and optical networking technologies. The Internet ca

Trading basics

Internet branding

Internet branding (also referred to as online branding) is a brand management technique that uses the World Wide Web & Social Media Channels as a medium for positioning a brand in the marketplace. Branding is increasingly important with the advancements of the internet. Most businesses are exploring various online channels, which include search engine, social media, online press releases

Payments & settlement

Interpay

Interpay Nederland B.V. was the Dutch payment processor and payment product provider that operated from 1994 until 2006. Interpay owned the payment systems PIN, Chipknip, Acceptgiro and Incasso. The organisation was owned by a consortium of Dutch banks. In 2005, they spun off Currence which in 2006 merged with German company Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG to

Trading basics

Intrawest

Intrawest Resorts Holdings, Inc. was a developer and operator of destination resorts and a luxury adventure travel company. The company was founded in Vancouver, British Columbia, in 1976 as a privately funded real estate development company. In 2006, Intrawest was purchased by Fortress Investment Group, a private equity investment company, and in 2011 relocated to Denver, Colorado. Fo

Banking

Introductory rate

An introductory rate (also known as a teaser rate) is an interest rate charged to a customer during the initial stages of a loan. The rate, which can be as low as 0%, is not permanent and after it expires a higher rate will apply.

Trading basics

Investment Canada Act

The Investment Canada Act (ICA; French: Loi sur Investissement Canada, LIC) is a Canadian federal law governing foreign direct investment in Canada. The ICA was one of the first acts of Brian Mulroney's newly elected Progressive Conservative government, receiving royal assent on 20 June 1985. It has been amended at various times, including recently through Bill C-34, An Act to amend th

Trading basics

Investment in Azerbaijan

The overall investment climate in Azerbaijan continues to grow despite significant challenges remain. Over the recent years, the country has made efforts to integrate more fully into the global marketplace and attract foreign investment.

Securities & exchanges

Investment Industry Regulatory Organization of Canada

The Investment Industry Regulatory Organization of Canada (IIROC; French: Organisme canadien de réglementation du commerce des valeurs mobilières, or OCRCVM) was a non-profit, national self-regulatory organization (SRO). Established through the merger of the Investment Dealers Association of Canada (IDA) and Market Regulation Services Inc. (RS) on June 1, 2008, IIROC oversaw all investme

Finance

Investor

An investor is a person or entity that allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital the investor usually purchases some species of property. Types of investments include equity, debt, securities, real estate, infrastructure, currency, commodity, token, derivatives such as put and call optio

Securities & exchanges

IQ Option

IQ Option is a binary options trading broker that also offers services in Forex, stocks, and cryptocurrencies. The company was founded in 2013. In 2017, IQ Option shifted its focus to CFDs and cryptocurrencies, though binary options remain a significant part of its operations in certain markets, particularly where regulations are less stringent.

Securities & exchanges

Iron butterfly (options strategy)

In finance an iron butterfly, also known as the ironfly, is the name of an advanced, neutral-outlook, options trading strategy that involves buying and holding four different options at three different strike prices. It is a limited-risk, limited-profit trading strategy that is structured for a larger probability of earning smaller limited profit when the underlying stock is perceived to

Finance

ISBInsight

ISBInsight is the biannual research periodical of the Indian School of Business (ISB). It features articles based on Indian and emerging markets-focused management research. ISBInsight also publishes interviews with thought leaders and decision makers from industry, academia, government and non-governmental organisations. It presents research across management areas such as strategy, mar

Finance

ISO 10962

ISO 10962, known as Classification of Financial Instruments (CFI), is a six-letter-code used in the financial services industry to classify and describe the structure and function of a financial instrument (in the form of security or contract) as part of the instrument reference data. It is an international standard approved by the International Organization for Standardization (ISO). CF

Finance

ISO 15022

ISO 15022 is an ISO standard for securities messaging used in transactions between financial institutions. Participants in the financial industry need a common representation of the financial transactions they perform and this standard defines general message schema, which in turn are used by organizations to define messages in a complete and unambiguous way. This results in efficiency,

Trading basics

ISO 20022

ISO 20022 is an ISO standard for electronic data interchange between financial institutions. It describes a metadata repository containing descriptions of messages and business processes, and a maintenance process for the repository content. The standard covers financial information transferred between financial institutions that includes payment transactions, securities trading and sett

Finance

ISO 4217

ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies, and provides information about the relationships between currencies and their minor units. This data is published in three tables:

Payments & settlement

ISO 8583

ISO 8583 is an international standard for financial transaction card originated interchange messaging. It is the International Organization for Standardization standard for systems that exchange electronic transactions initiated by cardholders using payment cards.

Finance

ISO 9362

ISO 9362 is an international standard for Business Identifier Codes (BIC), a unique identifier for business institutions, approved by the International Organization for Standardization (ISO). BIC is also known as SWIFT-BIC, SWIFT ID, or SWIFT code, after the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which is designated by ISO as the BIC registration authority.

Finance

ISO 9564

ISO 9564 is an international standard for personal identification number (PIN) management and security in financial services.

Securities & exchanges

Israel Bonds

Israel Bonds, the commonly known name of Development Corporation for Israel (DCI), is the U.S. underwriter of debt securities issued by the State of Israel. DCI is headquartered in New York City and is a broker-dealer and member of the Financial Industry Regulatory Authority (FINRA). Dan Naveh is president and CEO.

Payments & settlement

Israel Credit Cards

Israel Credit Cards Ltd. (Hebrew: כרטיסי אשראי לישראל בע"מ), also known by the Cal (Hebrew: כאל) brand and its historical name "C.A.L" (Hebrew: כ.א.ל or by the nickname "Visa Cal" (Hebrew: ויזה כאל, is a company operating in the Israeli credit card market in two areas of activity: issuing debit cards, especially credit cards, and clearing credit card transactions. The company was founded

Securities & exchanges

Israel Englander

Israel Alexander Englander (born September 30, 1948) is an American billionaire hedge fund manager. In 1989, he founded his hedge fund, Millennium Management, with Ronald Shear. The fund was started with US$35 million, and as of July 2026 had US$92 billion in assets under management.

Banking

It's a Wonderful Life

It's a Wonderful Life is a 1946 American Christmas fantasy drama film directed and produced by Frank Capra. It is based on the short story and booklet "The Greatest Gift", self-published by Philip Van Doren Stern in 1943, which itself is loosely based on the 1843 Charles Dickens novella A Christmas Carol.

Securities & exchanges

Ivan Boesky

Ivan Frederick Boesky (; March 6, 1937 – May 20, 2024) was a convicted criminal and an American stock trader who was infamous for his prominent role in an insider trading scandal in the mid-1980s. After getting caught he became a government informant and then pleaded guilty, and was fined a record $100 million, and served twenty months in prison.

Securities & exchanges

Jay Clayton

Walter Joseph "Jay" Clayton III (born July 11, 1966) is an American attorney who has served as the 9th director of national intelligence since August 2026. Clayton has additionally served as the White House AI czar since October 2026. He served as the United States attorney for the Southern District of New York from 2025 to 2026 and as the chairman of the Securities and Exchange Commissi

Payments & settlement

Jaywan

Jaywan (Arabic: جيون, lit. 'precious pearl') is an Emirati card payment system wholly owned and operated by Al Etihad Payments (AEP), a subsidiary of the Central Bank of the United Arab Emirates.

Securities & exchanges

Jeff Yass

Jeffrey Steven Yass (born July 1958) is an American billionaire businessman. According to Forbes, Yass had a net worth of US$77.8 billion as of September 2026, up from $27.6 billion in April 2024. The richest man in Pennsylvania, he is also the 25th richest in the world. He is a registered Libertarian who gives money to conservative super PACs including Club for Growth Action and the Pro

Fiat currencies

Jelle Zijlstra

Jelle Zijlstra (also spelled Zylstra; Dutch pronunciation: [ˈjɛlə ˈzɛilstraː]; 27 August 1918 – 23 December 2001) was a Dutch politician and economist who served as Prime Minister of the Netherlands from 22 November 1966 until 5 April 1967. He was a member of the Anti-Revolutionary Party (ARP).

Securities & exchanges

Jim Cramer

James Joseph Cramer (born February 10, 1955) is an American television personality, author, entertainer and former hedge fund manager. He is the host of Mad Money on CNBC and an anchor on Squawk on the Street. After graduating from Harvard College and Harvard Law School, he worked for Goldman Sachs and then became a hedge fund manager, founder and senior partner of Cramer Berkowitz.

Securities & exchanges

Jim Rogers

James Beeland Rogers Jr. (born October 19, 1942) is an American investor and financial commentator based in Singapore. He is the chairman of Beeland Interests, Inc. He was the co-founder of the Quantum Fund and Soros Fund Management. He was also the creator of the Rogers International Commodities Index (RICI).

Securities & exchanges

Jim Simons

James Harris Simons (April 25, 1938 – May 10, 2024) was an American hedge fund manager, investor, mathematician, and philanthropist. At the time of his death, Simons's net worth was estimated to be $31.4 billion, making him the 55th-richest person in the world. He was the founder of Renaissance Technologies, a quantitative hedge fund based in East Setauket, New York. He and his fund are

Trading basics

John Gore Organization

The John Gore Organization (JGO), formerly known as Key Brand Entertainment (KBE), is a producer and distributor of live theater in North America as well as an e-commerce company focused on theater. KBE was founded in the UK in 2004 by 14-time Tony Award-winning producer John Gore who is the company's chairman, CEO and owner.

Trading basics

John Laing Group

John Laing Group is a British investor, developer and operator of privately financed, public sector infrastructure projects such as roads, railways, hospitals and schools through public-private partnership (PPP) and private finance initiative (PFI) arrangements. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index before its acquisition by KKR.

Securities & exchanges

John Overdeck

John Albert Overdeck (born 1969) is an American billionaire hedge fund manager. Overdeck is the co-founder and co-chairman of Two Sigma Investments, a New York City-based hedge fund that uses a variety of technological methods, including artificial intelligence, machine learning, and distributed computing for its trading strategies. In 2016, Overdeck reported $375 million in earnings an

Securities & exchanges

John Paulson

John Alfred Paulson (born December 14, 1955) is an American billionaire hedge fund manager. He leads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called "one of the most prominent names in high finance".

Payments & settlement

JPay

JPay is a privately held information technology and financial services provider focused on serving the United States prison system. With headquarters in Miramar, Florida, the company contracts with state, county, and federal prisons and jails to provide technologies and services including money transfer, email, video visitation and parole and probation payments to approximately 1.5 mill

Trading basics

Jurisdictional arbitrage

Jurisdictional arbitrage is the practice of taking advantage of discrepancies between competing legal jurisdictions. It takes its name from arbitrage, the practice in finance of purchasing a good at a lower price in one market and selling it at a higher price in another. Just as in financial arbitrage, the attractiveness of jurisdiction arbitrage depends largely on its transaction costs,

Trading basics

Jurys Inn

Jurys Inn was a hotel group founded and headquartered in Ireland with operations across Ireland, the UK and the Czech Republic. It was founded in 1993 and grew to operate 31 hotels in the Great Britain, six in Ireland and one in the Czech Republic, with some 7,500 rooms between them, served by 4,000 employees.

Finance

Just price

The just price is a theory of ethics in economics that attempts to set standards of fairness in transactions. With intellectual roots in ancient Greek philosophy, it was advanced by St. Thomas Aquinas based on an argument against usury, which in his time referred to the making of any rate of interest on loans. It gave rise to the contractual principle of laesio enormis.

Finance

Kagi chart

The Kagi chart (Japanese: かぎ足, romanized: kagiashi) is a chart used for tracking price movements and to make decisions on purchasing stock. It differs from traditional stock charts such as the Candlestick chart by being mostly independent of time. This feature aids in producing a chart that reduces random noise.

Securities & exchanges

Kalshi

Kalshi Inc. is a prediction market platform based in Manhattan, New York City, that launched in July 2021. The platform is used primarily for sports betting, which constitutes more than 90% of site activity and 89% of revenue in 2025. Analysts describe activity on the platform as "heavily tied to the sports calendar". Individuals can place bets on other future outcomes, including economi

Trading basics

Keltner channel

Keltner channel is a technical analysis indicator showing a central moving average line plus channel lines at a distance above and below. The indicator is named after Chester W. Keltner (1909–1998) who described it in his 1960 book How To Make Money in Commodities. This name was applied by those who heard about it from him, but Keltner called it the ten-day moving average trading rule an

Finance

Kenneth Rogoff

Kenneth Saul Rogoff (born March 22, 1953) is an American economist and chess Grandmaster.

Trading basics

Kleptocracy

Kleptocracy is a form of government in which those in power use their position to steal or exploit national resources for personal gain.

Trading basics

Kroll Inc.

Kroll (formerly Duff & Phelps) is an American multinational financial and risk advisory firm that has its headquarters in New York City. It was established in 1932 as Duff & Phelps. In 2018, Duff & Phelps acquired the original Kroll company, which had been founded in 1972. In 2021, Duff & Phelps decided to rebrand itself as Kroll, a process it completed in 2022.

Trading basics

KSE 100 Index

The KSE-100 Index is a total return stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period.

Trading basics

La Quinta Inns & Suites

La Quinta by Wyndham, also known as La Quinta Inn & Suites (Spanish: La Quinta, "the country villa", pronounced [la ˈkinta]), is a chain of limited-service hotels in the United States, Canada, Mexico, and Honduras owned by Wyndham Hotels & Resorts. La Quinta Holdings, Inc. first sold shares to the public in April 2014. La Quinta is headquartered in Irving, Texas. As of December 31, 2023,

Trading basics

LastPass

LastPass is a password manager application. The standard version of LastPass comes as a web interface, but also includes a browser extension, an app and support for bookmarklets.

Trading basics

Le Méridien

Le Méridien (French: [l(ə) meʁidjɛ̃]) is an American upscale, design-focused international hotel brand with a European perspective. It was originally founded by Air France in 1972 and was later based in the United Kingdom. Marriott International now owns the chain. As of June 2021, it had a portfolio of 109 open hotels with 29,439 rooms and a pipeline of 37 hotels with 9,585 upcoming roo

Trading basics

Lease

A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal

Trading basics

Least developed countries

The least developed countries (LDCs) are developing countries listed by the United Nations that exhibit the lowest indicators of socioeconomic development. The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 (XXVI) on 18 November 1971.

Finance

Legal Entity Identifier

The Legal Entity Identifier (LEI) is a unique global identifier for legal entities participating in financial transactions. Also known as an LEI code or LEI number, its purpose is to help identify legal entities on a globally accessible database. Legal entities are organizations such as companies or government entities that participate in financial transactions. An individual person may

Trading basics

Legal liability

In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. The claimant is the one who seeks to establish, or prove, liability.

Finance

Legal risk

Legal risk as a subset of operational risk that comprises the uncertainty associated with a business becoming a subjects of legal liability and obligations as a result of its operation.

Trading basics

Life Insurance Corporation

The Life Insurance Corporation of India (LIC) is an Indian public sector life insurance company headquartered in Mumbai, Maharashtra, India. It is India's largest insurance company and its largest institutional investor with total assets under management worth ₹57.29 lakh crore (equivalent to ₹61 trillion or US$630 billion in 2026) as of May 2026. It is under the ownership of Government

Trading basics

Life settlement

A life settlement or viatical settlement (from Latin viaticum, something received before death) is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, to a third party investor. Such a sale provides the policy owner with a lump sum. The third party becomes the new owner of the policy, pays the m

Trading basics

LifePoint Health

LifePoint Health is an American company that provides healthcare services in growing regions, rural communities and small towns. It was established in 1999 and is headquartered in Brentwood, Tennessee. As of November 16, 2018, it operated 89 hospital campuses in 30 states with more than $6 billion in revenues. In 2011, the company was included in the Hospital Engagement Network by the U.

Trading basics

Lightspeed Commerce

Lightspeed Commerce is a point-of-sale and e-commerce software provider based in Montreal, Quebec, Canada. It was founded in 2005 by Dax da Silva, who was its CEO until February 2022. It has offices in Montreal, New York, Ottawa, Toronto, London, Belfast, Amsterdam, Berlin, Geneva, Ghent, Melbourne, Ulyanovsk, Yerevan and Tbilisi. It offers its services to retail, restaurant, and hospit

Finance

Liikanen report

The Liikanen Report or "Report of the European Commission’s High-level Expert Group on Bank Structural Reform" (known as the "Liikanen Group") is a set of recommendations published in October 2012 by a group of experts led by Erkki Liikanen, governor of the Bank of Finland and ECB council member. On 3 July 2013, by large majority the European Parliament adopted an own initiative report c

Finance

Line break chart

A line break chart, also known as a three-line break chart, is a Japanese trading indicator and chart used to analyze the financial markets. Invented in Japan, these charts had been used for over 150 years by traders there before being popularized by Steve Nison in the book Beyond Candlesticks. The chart is made up of vertical blocks or bars called "lines", which indicate the market's di

Finance

List of American exchange-traded funds

This is a table of notable American exchange-traded funds, or ETFs. As of 2020, the number of exchange-traded funds worldwide was over 7,600, representing about 7.74 trillion U.S. dollars in assets. The largest ETF, as of April 2021, was the SPDR S&P 500 ETF Trust (NYSE Arca: SPY), with about $353.4 billion in assets. The second-largest was the iShares Core S&P 500 ETF with around $270.

Trading basics

List of European exchange-traded funds

This is a list of notable European exchange-traded funds, or ETFs. These are ETFs that are traded on European exchanges. (This list does not include ETFs that invest in European stocks but trade on other exchanges, such as the New York Stock Exchange. For example, the list below does not include the large Vanguard Europe ETF (ticker: VGK; name: Vanguard MSCI Europe ETF) which trades in t

Trading basics

Lloyds Bank Limited v Bundy

Lloyds Bank Ltd v Bundy is a 1974 decision of the English Court of Appeal in English contract law, dealing with undue influence. One of the three judges hearing the case, Lord Denning MR, advanced the argument that under English law, all impairments of autonomy could be collected under a single principle of "inequality of bargaining power", but the other two judges were not drawn into co

Finance

Local authorities swaps litigation

The local authorities swaps litigation (sometimes called simply the swaps cases) refers to a series of cases during the 1990s under English law relating to interest rate swap transactions entered into between banks and local authorities. The House of Lords ruled that such transactions were unlawful. As a result of the decision over 200 separate actions were filed as hundreds of interes

Trading basics

Locals casino

A locals casino is a casino designed primarily to attract residents of the area in which it was built rather than tourists or vacationers. The term is most commonly associated with casinos in Nevada, United States, to distinguish them from casinos that target mostly tourists in a central area. Locals casinos tend to operate under slightly different business models than those frequented b

Finance

Louisville Joint Stock Land Bank v. Radford

Louisville Joint Stock Land Bank v. Radford, 295 U.S. 555 (1935), was a decision by the Supreme Court of the United States that held that the Frazier–Lemke Farm Bankruptcy Act was an unconstitutional violation of the Fifth Amendment Takings Clause because it interfered with farmers' property rights in contracts they made with the United States. This unanimous decision was one of the Cour

Finance

Low-volatility anomaly

In investing and finance, the low-volatility anomaly is the observation that low-volatility securities have higher returns than high-volatility securities in most markets studied. In other words, assets whose prices or returns change wildly pay worse than assets whose prices or returns are steady. This is an example of a stock market anomaly since it contradicts the central prediction of

Trading basics

Low-volatility investing

Low-volatility investing is an investment style that buys stocks or securities with low volatility and avoids those with high volatility. This investment style exploits the low-volatility anomaly. According to financial theory risk and return should be positively related, however in practice this is not true. Low-volatility investors aim to achieve market-like returns, but with lower ris

Trading basics

Loyalty marketing

Loyalty marketing is a marketing strategy in which a company focuses on growing and retaining existing customers through incentives. Branding, product marketing, and loyalty marketing all form part of the customer proposition – the subjective assessment by the customer of whether to purchase a brand or not based on the integrated combination of the value they receive from each of these m

Trading basics

Loyalty program

A loyalty program or rewards program is a marketing strategy designed to encourage customers to continue to shop at or use the services of one or more businesses associated with the program.

Banking

Lucky Baskhar

Lucky Baskhar (stylised as LUCKY BASKHA₹) is a 2024 Indian Telugu-language black comedy heist drama film written and directed by Venky Atluri. Produced by Sithara Entertainments, Fortune Four Cinema and Srikara Studios, the film stars Dulquer Salmaan in the titular role, alongside Meenakshi Chaudhary, Tinnu Anand, P. Sai Kumar, Ramki, Raghu Babu, Sarvadaman D. Banerjee, Sachin Khedekar a

Finance

Luke Dashjr

Luke Dashjr is an American software developer known for his long-standing role in the development of Bitcoin Core and for co-founding the Bitcoin mining pool Ocean.

Trading basics

Luminate (company)

Luminate Data, LLC (formerly MRC Data and P-MRC Data) is a provider of music and entertainment data. It was established in 2020 as a joint venture, by Nielsen Music, Alpha Data (formerly BuzzAngle Music), and Variety Business Intelligence (formerly TVtracker).

Trading basics

Luxury goods

In economics, a luxury good (or upmarket good) is a product or item or service for which demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. Whereas people consume necessity goods

Trading basics

MacBride Principles

The MacBride Principles — consisting of nine fair employment principles — are a corporate code of conduct for United States companies doing business in Northern Ireland and have become the congressional standard for all US aid to, or for economic dealings with, Northern Ireland.

Trading basics

MACD

The Moving Average Convergence Divergence (MACD) is a trading indicator used in technical analysis of securities prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.

Finance

Madoff investment scandal

The Madoff investment scandal, sometimes known as Madoffgate, was a financial scandal discovered in late 2008. In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme. Madoff founded Bernard

Trading basics

Magnavox

Magnavox (often stylized as MAGNAVOX; from Latin magna vox 'loud voice') is an American electronics brand that was founded in 1917. It was purchased by North American Philips in 1974, which was absorbed into Dutch electronics company Philips in 1987. The predecessor to Magnavox was founded in 1911 by Edwin Pridham and Peter L. Jensen, co-inventors of the moving-coil loudspeaker at their

Banking

Magnetic ink character recognition

Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, che

Finance

Marcel van Meerhaeghe

Marcel Alfons Gilbert van Meerhaeghe (12 April 1921 – 22 March 2014) was a Belgian economist, professor, publicist and columnist.

Trading basics

Mark (sign)

A mark is a written or imprinted symbol used to indicate some trait of an item, for example, its ownership or maker. Mark usually consists of letters, numbers, words, and drawings. Inscribing marks on the manufactured items was likely a precursor of communicative writing.

Trading basics

Market (economics)

In economics, a market is any structure that allows buyers and sellers to exchange goods, services and information. The exchange of goods or services, either with money or without it, is a transaction. In free market economies, they are the process by which prices and allocations of goods and services are established. Markets facilitate trade and enable the distribution and allocation of

Securities & exchanges

Market abuse

In economics and finance, market abuse may arise in circumstances in which investors in a financial market have been unreasonably disadvantaged, directly or indirectly, by others who:

Finance

Market data

In finance, market data is price and other related data for a financial instrument reported by a trading venue such as a stock exchange. Market data allows traders and investors to know the latest price and see historical trends for instruments such as equities, fixed-income products, derivatives, and currencies.

Finance

Market Identifier Code

The Market Identifier Code (MIC) (ISO 10383) is a unique identification code used to identify securities trading exchanges, regulated and non-regulated trading markets. The MIC is a four alphanumeric character code, and is defined in ISO 10383 by the International Organization for Standardization (ISO). For example, the US NASDAQ market is identified by MIC XNAS.

Fiat currencies

Market monetarism

Market monetarism is a school of macroeconomics that advocates that central banks use a nominal GDP level target instead of inflation, unemployment, or other measures of economic activity, with the goal of mitigating demand shocks such as those experienced during the 2008 financial crisis and the 2021–2023 inflation surge. Market monetarists criticize the fallacy that low interest rates