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Banking

Too big to fail

"Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected with an economy that their failure would be disastrous to the greater economic system, and therefore should be supported by government when they face potential failure. The colloquial term "too big to fail" was popular

Trading basics

Topps

The Topps Company, Inc. is an American company that manufactures trading cards and other collectables. Formerly based in New York City, Topps is best known as a producer of baseball and other sports- and non-sports-themed trading cards. Topps also produces cards under the brand names Allen & Ginter and Bowman.

Trading basics

Tops Friendly Markets

Tops Friendly Markets is an American supermarket chain based in Amherst, New York, that operates stores in upstate New York, Vermont, and Northern Pennsylvania. The chain operates full-scale supermarkets. Tops is a subsidiary of Northeast Grocery, which also owns the Price Chopper and Market 32 supermarkets based in Schenectady, New York. As of August 2025, the company operates 152 store

Trading basics

Topstep

Topstep is a trader education and fintech enterprise, headquartered in Chicago, Illinois, active in more than 170 countries worldwide and founded by Michael Patak. It specializes in evaluating the performance of day traders through real-time simulated trading accounts. Originally founded as TopstepTrader, the company rebranded as Topstep in 2020 and was the first company to run a large

Fiat currencies

Torgsin

Torgsin (Russian: Торгсин) were state-run hard-currency shops that operated in the USSR between 1931 and 1936. Their name was an acronym of the phrase torgovlia s inostrantsami (Russian: торговля с иностранцами), "trade with foreigners". Unlike the later Beryozka stores, Torgsin stores were open to all Soviet citizens, provided they paid with hard currency, gold, or jewels. Initially, To

Banking

Torlonia

The House of Torlonia, the Princes of Civitella-Cesi, is the name of an Italian princely family from Rome, which acquired a huge fortune in the 18th and 19th centuries through administering the finances of the Vatican. The first influential member of the Torlonia family was Marino Torlonia (Tourlonias; 1725 – 21 March 1785), who rose from humble origins in the Auvergne region of France

Assets

Tornado Cash

Tornado Cash (also stylized as TornadoCash) is an open source, non-custodial, fully decentralized cryptocurrency tumbler that runs on Ethereum Virtual Machine-compatible networks. It offers a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source. This is a privacy tool used in EVM networks

Trading basics

Toronto Computer Leasing Inquiry

The Toronto Computer Leasing Inquiry was a judicial inquiry into allegations of conflict of interest, bribery and misappropriation of funds around computer leasing contracts entered into by the City of Toronto government in 1998 and 1999. It was held concurrently with the Toronto External Contracts Inquiry.

Finance

Toronto-Dominion Bank

Toronto-Dominion Bank (French: Banque Toronto-Dominion), doing business as TD Bank Group (Groupe Banque TD), and commonly known as just TD, is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869,

Trading basics

Toshiba

Toshiba Corporation (株式会社東芝, Kabushikigaisha Tōshiba; English: ) is a Japanese multinational electronics company headquartered in Saiwai-ku, Kawasaki, Kanagawa Prefecture. Its diversified products and services include power, industrial and social infrastructure systems, elevators and escalators, electronic components, semiconductors, hard disk drives, printers, batteries, lighting, as w

Trading basics

Toshiba Samsung Storage Technology

Toshiba Samsung Storage Technology Corporation (abbreviated TSST) is a former international joint venture company of Toshiba (Japan) and Samsung Electronics (South Korea). Toshiba used to own 51% of its stock, while Samsung used to own the remaining 49%. The company specialized in optical disc drive manufacturing. The company was established in 2004.

Trading basics

Total loss

In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective.

Trading basics

Total return swap

In finance, a total return swap (TRS), total rate of return swap (TRORS), or cash-settled equity swap is a financial contract that transfers both the credit risk and market risk of an underlying asset.

Trading basics

Totes Isotoner

Totes Isotoner Corporation, stylized totes»ISOTONER and often abbreviated to Totes, is an international umbrella, footwear, and cold weather accessory supplier, headquartered in Cincinnati, Ohio, United States. Totes is regularly billed in press reports as "the world's largest marketer of umbrellas". The company has divisions in the United States, Canada, UK, and France.

Finance

Totten trust

A Totten trust (also referred to as a "Payable on Death" account) is a form of trust in the United States in which one party (the settlor or "grantor" of the trust) places money in a bank account or security with instructions that upon the settlor's death, whatever is in that account will pass to a named beneficiary. For example, a Totten trust arises when a bank account is titled in the

Trading basics

Touch 'n Go

Touch 'n Go is a contactless smart card system used for electronic payments in Malaysia. The system was introduced in 1997 and is widely used for toll payments on highways, public transportation, parking, and other services. The card is equipped with a radio-frequency identification (RFID) chip that allows users to make payments by simply tapping the card on a reader device. Touch 'n Go

Trading basics

Touch 'n Go eWallet

Touch 'n Go eWallet is a Malaysian digital wallet and online payment platform, established in Kuala Lumpur, Malaysia, in July 2017 as a joint venture between Touch 'n Go and Ant Financial. It allows users to make payments at over 280,000 merchant touch points via QR code, as well as perform peer-to-peer (P2P) money transfers.

Trading basics

Touch piece

A touch piece is a coin or medal believed to cure disease, bring good luck, influence people's behaviour, carry out a specific practical action, etc.

Trading basics

Touchpoint

In marketing, a touchpoint describes any instance where a consumer interacts with an organisation's brand or image. This can include traditional advertising or company-owned resources such as a website, public exposure, and personal recommendations.

Securities & exchanges

Tour de la Bourse

The Tour de la Bourse (lit. 'Stock Exchange Tower') is a 48-storey skyscraper in Montreal, Quebec, Canada. It is located at the intersection of Victoria Square and Saint Jacques Street in the International Quarter. It is connected by the underground city to the Square-Victoria-OACI Metro Station.

Trading basics

Toy library

A toy library is a type of library that lends or hires out toys, puzzles, and games. They can function as either as a rental shop, part of a public library, or family resource program. Some toy libraries offer play sessions for families. Toy libraries are internationally federated by the International Toy Library Association (ITLA).

Trading basics

Toyetic

Toyetic is a term that describes the suitability of a media property, such as a cartoon or film, for merchandising tie-in lines of licensed toys, games, and novelties. The term is attributed to Bernard Loomis, a toy-development executive for Kenner Products, in discussing the opportunities for marketing the film Close Encounters of the Third Kind, telling its director Steven Spielberg th

Banking

Toyokawa Shinkin Bank incident

The Toyokawa Shinkin Bank incident (豊川信用金庫事件, Toyokawa Shin'yō Kinko Jiken) was a bank run on Toyokawa Shinkin Bank (豊川信用金庫, Toyokawa Shin'yō Kinko) in what was then Kozakai, Aichi Prefecture, Japan in December 1973.

Trading basics

Toys "R" Us

Toys "R" Us is an American toy, clothing, and baby product retailer that was founded in April 1948 by Charles Lazarus in Washington, D.C. The retailer initially began as Children's Supermart, selling furniture until it refocused itself as Toys "R" Us in June 1957.

Trading basics

TP ICAP

TP ICAP Group plc is a financial services firm headquartered in London, United Kingdom. Its stock is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Finance

Tracfin

Tracfin (acronym for Traitement du renseignement et action contre les circuits financiers clandestins, "Intelligence Processing and Action Against Clandestine Financial Circuits") is a service of the French Ministry of Finance. It fights money laundering.

Finance

Tracking error

In finance, tracking error or active risk is a measure of the risk in an investment portfolio that is due to active management decisions made by the portfolio manager; it indicates how closely a portfolio follows the index to which it is benchmarked. The best measure is the standard deviation of the difference between the portfolio and index returns.

Securities & exchanges

Tracking stock

Tracking stock (also known as letter stock and targeted stock) is a specialized equity offering issued by a company that is based on the operations of a defined business within the larger organization (such as, for instance, a wholly owned subsidiary of a diversified firm). Therefore, the tracking stock will be traded at a price related to the operations of the specific division of the c

Finance

Trade (finance)

In finance, a trade is an exchange of a security such as stocks, bonds, commodities, currencies, derivatives or any valuable financial instrument for "cash". Such a financial transaction is usually done by participants of an exchange such as a stock exchange, commodity exchange or futures exchange with a short-dated promise to pay in the currency of the country where the 'exchange' is lo

Banking

Trade and Industry Bank

The Trade and Industry Bank (Lithuanian: Prekybos ir pramonės bankas) was the first bank of the interwar Republic of Lithuania. It was established in 1918 and, by 1922, became the second largest bank in Lithuania, after Ūkio bankas. Due to mismanagement, it went bankrupt in 1927.

Trading basics

Trade and Investment Framework Agreement

A Trade and Investment Framework Agreement (TIFA) is a trade pact that establishes a framework for expanding trade and resolving outstanding disputes between countries.

Finance

Trade credit insurance

Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is a type of insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. This

Finance

Trade finance

Trade finance is a phrase used to describe different strategies that are employed to make international trade easier. It signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these trans

Finance

Trade finance technology

Trade finance technology (abbreviated TradeTech, tradetech, or sometimes Trade Tech) refers to the use of technology, innovation, and software to support and digitally transform the trade finance industry. TradeTech can be seen as a subcategory under FinTech. As digital information becomes more readily accessible, convenient, and available, the trade finance industry is being gradually m

Trading basics

Trade in services statistics

Trade in services statistics are economic statistics which detail international trade in services. They received a great deal of focus at the advent of services negotiations which took place under the Uruguay Round, which became part of the General Agreement on Trade in Services, one of the four principal pillars of the World Trade Organization (WTO) trade treaty, also called the "WTO A

Trading basics

Trade name

A trade name, also known as a trading name, business name or operating name, is a pseudonym used by companies and other organizations that do not operate under their registered legal name. Registering the trade name with a relevant government body is often required.

Trading basics

Trade promotion (marketing)

In business and marketing, "trade" refers to the relationship between manufacturers and retailers. Trade Promotion refers to marketing activities that are executed in retail between these two partners. Trade Promotion is a marketing technique aimed at increasing demand for products in retail stores based on special pricing, display fixtures, demonstrations, value-added bonuses, no-oblig

Securities & exchanges

Trade repository

A Trade Repository or Swap Data Repository is an entity that centrally collects and maintains the records of over-the-counter (OTC) derivatives. These electronic platforms, acting as authoritative registries of key information regarding open OTC derivatives trades, provide an effective tool for mitigating the inherent opacity of OTC derivatives markets.

Trading basics

Trade-off theory of capital structure

The trade-off theory of capital structure is the idea that a company chooses how much debt finance and how much equity finance to use by balancing the costs and benefits. The classical version of the hypothesis goes back to Kraus and Litzenberger who considered a balance between the dead-weight costs of bankruptcy and the tax saving benefits of debt. Often agency costs are also included

Fiat currencies

Trade-weighted US dollar index

The trade-weighted US dollar index, also known as the broad index, was a measure of the value of the United States dollar relative to other world currencies. It was a trade weighted index that improved on the older U.S. Dollar Index by incorporating more currencies and yearly rebalancing. The base index value was 100 in January 2006.

Trading basics

TradeCard

TradeCard, Inc. was an American software company. Its main product, also called TradeCard, was a SaaS collaboration product that was designed to allow companies to manage their extended supply chains including tracking movement of goods and payments. TradeCard software helped to improve visibility, cash flow and margins for over 10,000 retailers and brands, factories and suppliers, and s

Trading basics

TradElect

TradElect was the London Stock Exchange's main electronic trading platform from 2007 to 2011. It ran on HP ProLiant servers running Windows Server 2003, using .NET technology and Microsoft SQL Server 2000. Its development took four years from project inception to rollout and had a total cost of £40 million.

Trading basics

Trademark

A trademark (also written trade mark or trade-mark) is a type of intellectual property that consists of a word, phrase, symbol, design, or combination thereof that identifies a product or service from a particular source and distinguishes it from others. Trademarks also extend to non-traditional marks like drawings, symbols, 3D shapes like product designs or packaging, sounds, scents, or

Trading basics

Trademark distinctiveness

Trademark distinctiveness is an important concept in the law governing trademarks and service marks. A trademark may be eligible for registration, or registrable, if it performs the essential trademark function, and has distinctive character. Registrability can be understood as a continuum, with "inherently distinctive" marks at one end, "generic" and "descriptive" marks with no distinct

Trading basics

TradeStation

TradeStation Group, Inc. is the parent company of online securities and futures brokerage firms and trading technology companies. It is headquartered in Plantation, Florida, and has offices in New York; Chicago; Richardson, Texas; London; Sydney; and Costa Rica. TradeStation is best known for the technical analysis software and electronic trading platform it provides to active traders an

Trading basics

Tradeweb

Tradeweb Markets Inc., headquartered in New York City, operates electronic trading platforms primarily used by institutional investors to trade fixed income products, ETFs, and derivatives. It has over 3,000 customers including banks, asset managers, central banks, pension funds, and insurance companies. In 2024, 83% of the company's revenue was from transaction fees and commissions and

Trading basics

Trading 212

Trading 212 is a European fintech brokerage group founded in Bulgaria in 2004 and headquartered in London, United Kingdom.

Trading basics

Trading curb

A trading curb (also known as a circuit breaker in Wall Street parlance) is a financial regulatory instrument that the relevant stock exchange organization implements to prevent stock market crashes. Since their inception, circuit breakers have been modified to prevent both speculative gains and dramatic losses within a small time frame. When triggered, circuit breakers either stop tradi

Trading basics

Trading of shareholder votes

Trading of shareholder votes is the practice of exchanging one's shareholder votes in corporate elections for cash or other forms of payment. Trades may involve multiple shareholders with varying interests in corporate matters, but may be of particular value to activist investors or a company's board of directors.

Finance

Trading room

A trading room gathers traders operating on financial markets. The trading room is also often called the front office. The terms "dealing room" and "trading floor" are also used, the latter being inspired from that of an open outcry stock exchange. As open outcry is gradually replaced by electronic trading, the trading room becomes the only remaining place that is emblematic of the finan

Finance

Trading strategy

In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets.

Trading basics

Tradio

Tradio is a type of phone-in radio program formatted to provide a venue for listeners to freely advertise items they have to sell or trade. The concept is analogous to classified ads in local newspapers and most prevalent in the south and midwest. "Tradio" is a portmanteau of "trade" and "radio". The format is also often called Swap Shop; Buy, Sell, or Trade; Biz Baz; or Trading Post.

Trading basics

Traditional investments

In finance, the notion of traditional investments refers to putting money into well-known assets (such as bonds, cash, real estate, and equity shares) with the expectation of capital appreciation, dividends, and interest earnings. Traditional investments are to be contrasted with alternative investments.

Trading basics

Train ticket

A train ticket is a transit pass ticket issued by a railway operator that enables the bearer to travel on the operator's network or a partner's network. Tickets can authorize the bearer to travel a set itinerary at a specific time (common for long-distance railroads), a set itinerary at any time (common for commuter railroads), a set itinerary at multiple times, or an arbitrary itinera

Securities & exchanges

Tranche

In structured finance, a tranche (French pronunciation: [tʁɑ̃ʃ]) is one of a number of related securities offered as part of the same transaction. In the financial sense of the word, each bond is a different slice of the deal's risk. Transaction documentation (see indenture) usually defines the tranches as different "classes" of notes, each identified by letter (e.g., the Class A, Class

Banking

Transaction account

A transaction account (also called a checking account, cheque account, chequing account, current account, demand deposit account, or share account at credit unions) is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the

Banking

Transaction authentication number

A transaction authentication number (TAN) is used by some online banking services as a form of single use one-time passwords (OTPs) to authorize financial transactions. TANs are a second layer of security above and beyond the traditional single-password authentication.

Trading basics

Transcreation

Transcreation is a term coined from the words "translation" and "creation", and a concept used in the field of translation studies to describe the process of adapting a message from one language to another, while maintaining its intent, style, tone, and context. A successfully transcreated message evokes the same emotions and carries the same implications in the target language as it doe

Payments & settlement

Transfast

Transfast is an international money transfer and cross-border payments company headquartered in New York, with additional offices in India (Kochi, Pune, Jalandhar, and Hoshiarpur), the UAE, Nigeria, and the Philippines. Transfast is owned by Mastercard.

Trading basics

Transfer mispricing

Transfer mispricing, also known as transfer pricing manipulation or fraudulent transfer pricing, refers to trade between related parties at prices meant to manipulate markets or to deceive tax authorities. The legality of the process varies between tax jurisdictions; most regard it as a type of fraud or tax evasion.

Trading basics

Transfer pricing

Transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control. Because of the potential for cross-border controlled transactions to distort taxable income, tax authorities in many countries can adjust intragroup transfer prices that differ from what would have been charged by unrelated enterprises dealing at arm

Trading basics

TransferMate

TransferMate is an Irish business-to-business payment technology company which was founded in 2010. The company provides a service to make cross border transfers online, this allows them to receive funds locally and make payments locally with the intention to eliminate the need for intermediary banks and international transfer fees.

Networks

Transient-key cryptography

Transient-key cryptography is a form of public-key cryptography wherein keypairs are generated and assigned to brief intervals of time instead of to individuals or organizations, and the blocks of cryptographic data are chained through time. In a transient-key system, private keys are used briefly and then destroyed, which is why it is sometimes nicknamed “disposable crypto.” Data encryp

Finance

Transparency Directive

The Transparency Directive, Transparency Obligations Directive or Directive 2004/109/EC is an EU Directive issued in 2004, revising an earlier Directive 2001/34/EC. The Transparency Directive was amended in 2013 by the Transparency Directive Amending Directive (Directive 2013/50/EU).

Trading basics

Travel behavior

Travel behavior is the study of what people do over geography, and how people use transport.

Trading basics

Travel Portland

Travel Portland, formerly the Portland Oregon Visitors Association, is a destination marketing organization in Portland, Oregon, United States. Established in 1978, it is a private, nonprofit organization and the largest destination marketing organization in Oregon. Travel Portland has operated visitor centers at Pioneer Courthouse Square and Director Park in downtown Portland, and has a

Trading basics

Travelex

Travelex International Limited is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough, United Kingdom. Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign currency and global remittance. Travelex operates more than 600 stores and 700 ATMs in over 20 countries.

Trading basics

Traveller's cheque

A traveller's cheque is a medium of exchange that can be used in place of the currency of a country. Each cheque is denominated in a preprinted fixed, round, amount of one of a number of major world currencies; it has two panels for a signature. The purchaser signs one panel of each cheque on receiving it; to use it, it is signed on the second panel and dated in the presence of the payee

Trading basics

Travelodge

Travelodge or Travelodge by Wyndham (formerly branded TraveLodge) . Current operations include the United States and Canada

Finance

Treasure Islands

Treasure Islands: Tax Havens and the Men who Stole the World (2011) is a non-fiction book about the secretive role of offshore banks and tax havens in global economic affairs. The book was written by Nicholas Shaxson, a political analyst and associate Fellow of the Royal Institute of International Affairs. It was first published on 6 January 2011.

Finance

Treasurer

A treasurer is a person responsible for the financial operations of a government, business, or other organization.

Trading basics

Treasurer of the United States

The treasurer of the United States is an officer in the United States Department of the Treasury who serves as the custodian and trustee of the federal government's collateral assets and the supervisor of the department's currency and coinage production functions. On March 23, 2025, Donald Trump named Georgia state senator Brandon Beach—breaking a 76-year streak of women holding the posi

Finance

Treasury

A treasury is either:

Finance

Treasury (Australia)

The Department of the Treasury, also known as the Treasury, is the national treasury and financial department of the federal government of Australia. The treasury is responsible for executing economic and fiscal policy, market regulation and the delivery of the federal budget with the department overseeing 16 agencies. The Treasury is one of only two departments that have existed contin

Trading basics

Treasury basis trade

Treasury basis trading is a financial strategy that involves taking offsetting positions in a cash market instrument (typically a U.S. Treasury bond) and its related derivative, such as a Treasury futures contract. The strategy seeks to exploit pricing discrepancies between the two instruments, which are expected to converge over time. It is a specialized form of basis trading applied to

Finance

Treasury management

Treasury management (or treasury operations) entails management of an enterprise's financial holdings, focusing on the firm's liquidity, and mitigating its financial, operational and reputational risk.

Finance

Treasury management system

A treasury management system (TMS) is a software application which automates the process of managing a company's financial operations. It helps companies to manage their financial activities, such as cash flow, assets and investments, automatically.

Fiat currencies

Treasury Note (1890–1891)

The Treasury Note (also known as a Coin Note) was a type of representative money issued by the United States government from 1890 until 1893 under authority of the Sherman Silver Purchase Act in denominations of $1, $2, $5, $10, $20, $50, $100 and $1,000. It was issued in two series: an 1890 series with $1, $2, $5, $10, $20, $100 and $1,000 denominations, and an 1891 series that added t

Trading basics

Treasury Select Committee

The House of Commons Treasury Committee (often referred to as the Treasury Select Committee) is a select committee of the House of Commons in the Parliament of the United Kingdom. The committee is responsible for examining and scrutinizing the expenditure, administration and policy of HM Treasury. This includes its agencies and associated bodies, including HM Revenue and Customs, the Ba

Securities & exchanges

Treasury stock

A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings).

Fiat currencies

Treasury view

In macroeconomics, particularly in the history of economic thought, the Treasury view is the assertion that fiscal policy has no effect on the total amount of economic activity and unemployment, even during times of economic recession. This view was most famously advanced in the 1930s (during the Great Depression) by the staff of the British Chancellor of the Exchequer. The position can

Trading basics

TreasuryDirect

TreasuryDirect is a website run by the Bureau of the Fiscal Service under the United States Department of the Treasury that allows US individual investors to purchase treasury securities, such as savings bonds, directly from the US government. It enables people to manage their investments online, including connecting their TreasuryDirect account to a bank account for deposits and withdra

Securities & exchanges

Trend following trading

Trend following or trend trading is a trading strategy according to which one should buy an asset when its price trend goes up, and sell when its trend goes down, expecting price movements to continue.

Finance

Treynor ratio

In finance, the Treynor reward-to-volatility model (sometimes called the reward-to-volatility ratio or Treynor measure), named after American economist Jack L. Treynor, is a measurement of the returns earned in excess of that which could have been earned on an investment that has no risk that can be diversified (e.g., Treasury bills or a completely diversified portfolio), per unit of mar

Trading basics

Trial balloon

A trial balloon, or kite-flying (used in the UK and elsewhere), is information sent out to the media in order to observe the reaction of an audience. It is used by companies sending out press releases to judge customer reaction, and by politicians who deliberately leak information on a policy change. The term is of French origin. Trial balloon translates French ballon d'essai, which was

Assets

Trial of Sam Bankman-Fried

United States of America v. Samuel Bankman-Fried was a 2023 federal criminal trial in the United States District Court for the Southern District of New York. Financial entrepreneur Sam Bankman-Fried, commonly known as SBF, was convicted on seven charges of fraud and conspiracy following the collapse of his cryptocurrency exchange FTX in November 2022. After the jury's verdict in November

Banking

Trials of Paul Manafort

The two criminal trials of Paul Manafort were the first cases brought to trial by the special counsel's investigation into Russian interference in the 2016 presidential election. Manafort served as campaign chair for the Donald Trump 2016 presidential campaign from June 20 to August 19, 2016.

Fiat currencies

Triangular arbitrage

Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is the act of exploiting an arbitrage opportunity resulting from a pricing discrepancy among three different currencies in the foreign exchange market. A triangular arbitrage strategy involves three trades, exchanging the initial currency for a second, the second currency for a third, and the thi

Trading basics

Trickbot

Trickbot was a trojan for Microsoft Windows and other operating systems. Its major function was originally the theft of banking details and other credentials, but its operators have extended its capabilities to create a complete modular malware ecosystem. First reported in 2016, it was used in a 2020 cyber attack against US hospitals and healthcare systems. In late 2020, the botnet was a

Trading basics

Trickle-down fashion

Trickle-down fashion is a model of product adoption in marketing that affects many consumer goods and services.

Trading basics

Trieste Commodity Exchange

The Trieste Commodity Exchange (Italian: Borsa merci di Trieste) is a commodities exchange based in Trieste, Italy. It was founded in 1755 by Empress Maria Theresa when Trieste was part of the Habsburg Empire. It is one of the oldest commodities exchanges in the world.

Fiat currencies

Triffin dilemma

In international finance, the Triffin dilemma (sometimes the Triffin paradox) is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma was identified in the 1960s by Belgian-American economist Robert Triffin. He noted that a country whose currency i

Trading basics

Trillion dollar club (macroeconomics)

The Trillion dollar club is an unofficial classification of the world's major economies with a gross domestic product (nominal GDP) of more than US$1 trillion per year. As of 2025, it included 21 countries. This does not include purchasing power parity, which increases the GDP of many countries with an undervalued currency, which are usually poorer countries.

Finance

TRIN (finance)

The TRIN, or Arms index, developed by Richard Arms in the 1970s, is a short-term technical analysis stock market trading indicator based on the Advance-Decline Data. The name is short for TRading INdex. The index is calculated as follows:

Finance

Trinomial tree

The trinomial tree is a lattice-based computational model used in financial mathematics to price options on equity. It was developed by Phelim Boyle in 1986. It is an extension of the binomial options pricing model, and is conceptually similar. It can also be shown that the approach is equivalent to the explicit finite difference method for option pricing.

Banking

Triodos Bank

Triodos Bank N.V. is an ethical bank based in the Netherlands with branches in Belgium, Germany, the United Kingdom, and Spain. It was founded in 1980.

Finance

Troika (European group)

The Troika is a term used to refer to the single decision group created by three entities, the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF). It was formed due to the European debt crisis as an ad hoc authority with a mandate to manage the bailouts of Cyprus, Greece, Ireland and Portugal, in the aftermath of their prospective insolven

Networks

Tron (blockchain)

Tron (stylized in all caps) is a decentralized, proof-of-stake blockchain with smart contract functionality. The cryptocurrency native to the blockchain is known as Tronix (TRX). It was founded in March 2014 by Justin Sun and, since 2017, has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore, established in the same year. It is open-source softwa

Networks

TRON Network and TRC20

TRON is a blockchain network supporting accounts, transactions, and smart contracts. TRX is its native asset, and TRC20 is a common contract token standard. This article introduces its positioning, mechanisms, verification steps, and common misconceptions.

Trading basics

Trondheim toll scheme

Trondheim Toll Scheme or Trondheim Package (Norwegian: Trondheimspakken) was the result of that in the 1980s politicians and road authorities in Trondheim Municipality, Norway wanted to accelerate the investments in roads and motorways around the city through an investment package and toll scheme to ease construction and generate more funds. Between 1991 and 2005, there were more than 24