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Banking

1983 Israel bank stock crisis

The bank stock crisis was a financial crisis that occurred in Israel in 1983, during which the stocks of the four largest banks in Israel collapsed. In previous episodes of share price weakness, the banks bought back their own stocks, creating the appearance of constant demand for the stock, and artificially supporting their values. By October 1983, the banks no longer had the capital to

Banking

Bank account debits tax

Bank account debits tax (BADT or BAD), typically called the bad tax in the media, was an Australian bank transaction tax, levied on customer withdrawals from bank accounts with a cheque facility (both withdrawals made by cheque or by another means, such as EFTPOS).

Banking

Bank state branch

A Bank State Branch (often referred to as "BSB") is the name used in Australia for a bank code, which is a branch identifier. The BSB is normally used in association with the account number system used by each financial institution. The structure of the BSB + account number does not permit for account numbers to be transferable between financial institutions. While similar in structure,

Trading basics

Basel II

Basel II is a framework on banking regulations published by the Basel Committee on Banking Supervision in June 2004 to determine the minimum capital that banks should hold to guard against the financial and operational risks. It superseded Basel I and was extended and partially superseded by Basel III.

Finance

Capital adequacy ratio

Capital Adequacy Ratio (CAR) also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank's capital to its risk-weighted assets (or credit exposure). National regulators track a bank's CAR and ensure it complies with statutory capital requirements to verify it can absorb a reasonable amount of loss (default of loans) without collapsing. The enforcement of regulate

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Capital intensity

Capital intensity is the amount of fixed or real capital present in relation to other factors of production, especially labor. At the level of either a production process or the aggregate economy, it may be estimated by the capital to labor ratio, such as from the points along a capital/labor isoquant. The inverse of capital intensity is labor intensity. Capital intensity is sometimes as

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Christopher Skase

Christopher Charles Skase (18 September 1948 – 5 August 2001) was an Australian businessman who later became one of his country's most wanted fugitives, after his business empire crashed spectacularly and he fled to Mallorca, Spain.

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Citizen's dividend

Citizen's dividend (CD) is a proposed policy based upon the Georgist principle that the natural world is the common property of all people. It is proposed that all citizens receive regular payments (dividends) from revenue raised by leasing or taxing the monopoly of valuable land and other natural resources.

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Corporate tax

A corporate tax, also called corporation tax or company tax or corporate income tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries. Corporate taxes may be referred to as income tax or capital tax, depending on

Finance

Department 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.

Trading basics

Double taxation

Double taxation is the levying of tax by two or more jurisdictions on the same income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes).

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EB-5 visa

The United States EB-5 visa, employment-based fifth preference category or EB-5 Immigrant Investor Visa Program was created in 1990 by the Immigration Act of 1990. It provides a method for eligible immigrant investors to become lawful permanent residents—informally known as "green card" holders—by investing substantial capital to finance a U.S. business (known as a "new commercial enterp

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Economic rent

In economics, economic rent is any payment to the owner of a factor of production in excess of the costs needed to bring that factor into production. In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities (e.g., p

Trading basics

Equity co-investment

An equity co-investment (or co-investment) is a minority investment, made directly into an operating company, alongside a financial sponsor or other private equity investor, in a leveraged buyout, recapitalization or growth capital transaction. In certain circumstances, venture capital firms may also seek co-investors.

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False 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

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Federal Ministry of Budget and Economic Planning (Nigeria)

The Federal Ministry of Budget and Economic Planning is one of the Federal Ministries of Nigeria.

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Growth capital

Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a minority interest, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.

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IGA, Inc.

IGA, INC. is an international affiliation of franchised grocery stores that are independently owned and operated. As of 2026, the network included nearly 7,500 supermarkets in more than 30 countries, representing $80 billion in annual sales — with many IGA stores operating in small-town markets and owned by their managing families.

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Impact investing

Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". At its core, impact investing is about an alignment of an investor's beliefs and values with the allocation of capital to address social and/or environmental issues.

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Inclusionary zoning

Inclusionary zoning (IZ) is a type of urban planning intervention with the aim of increasing the supply of affordable housing. It is sometimes enacted through a local ordinance or development plan requiring (or providing incentives for) a percentage of units in real estate development be affordable by people with low to moderate incomes.

Finance

Internal financing

In the theory of capital structure, internal financing or self-financing is using its profits or assets of a company or organization as a source of capital to fund a new project or investment. Internal sources of finance contrast with external sources of finance. The main difference between the two is that internal financing refers to the business generating funds from activities and as

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

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Leasehold estate

A leasehold estate or a leasehold interest is an ownership of a temporary right to hold land or property in which a lessee or a tenant has rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.

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Leveraged buyout

A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the o

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Louis Wolfson

Louis Elwood Wolfson (January 28, 1912 – December 30, 2007) was an American financier, a convicted felon, and one of the first modern corporate raiders, labeled by Time as such in a 1956 article. A self-made millionaire by 28, Wolfson is credited with creating the modern hostile tender offer, which laid the technical framework to the leveraged buyout. In later years, he was a major thoro

Finance

Michael Hudson (economist)

Michael Hudson (born March 14, 1939) is an American economist who is Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College. He is a contributor to The Hudson Report, a weekly economic and financial news podcast produced by Left Out.

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Midwest Air Group

Midwest Air Group, Inc. (formerly listed AMEX:MEH) is an American airline holding company based in Oak Creek, Wisconsin which owned Midwest Airlines which previously operated as Midwest Express Airlines. It was ultimately controlled by parent company, TPG Capital Texas Pacific Group. Delta with the merger of Northwest Airlines Inc,. now owns 47% of the reformulated company's stock in a "

Finance

Ministry of Economic Affairs (Pakistan)

The Ministry of Economic Affairs, (abbreviated as MoEA) is a Cabinet-level ministry of the Government of Pakistan responsible for assessing, programming and negotiations of external economic assistance concerning the government and its constituent units from foreign governments and multilateral agencies.

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MyWay (ticketing system)

MyWay+ is the electronic ticketing system used on public transport services within Canberra in the Australian Capital Territory. It is promoted by Transport Canberra and is valid on ACTION buses and Canberra Light Rail. The previous MyWay system was replaced with the MyWay+ system in 2024.

Banking

Official cash rate

The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy. The OCR cannot be changed by transactions betwee

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Pakistan Mercantile Exchange

Pakistan Mercantile Exchange, formerly known as National Commodity Exchange Limited is a futures commodity exchange based in Karachi, Pakistan. It is the only company in Pakistan to provide a centralised and regulated place for commodity futures trading and is regulated by Securities and Exchange Commission of Pakistan (SECP). It began its full trading operations on 11 May 2007.

Securities & exchanges

Preferred stock

Preferred stock (also called preferred shares, preference shares, or simply preferreds) is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. Preferred stocks are senior (i.e., higher ranking) to common stock but subordinate to

Banking

Qirad

The qirad (also known as Muqaradah by Hanafi and Hanbali scholars) was one of the basic financial instruments of the medieval Islamic world. It was an arrangement between one or more investors and an agent where the investors entrusted capital to an agent who then traded with it in hopes of making profit. Both parties then received a previously settled portion of the profit. The agent

Securities & exchanges

Scienter

In law, scienter (, Law Latin for "knowingly", Latin pronunciation: [skiˈɛntɛr], from Latin scire 'to know, to separate one thing from another') is a legal term for intent or knowledge of wrongdoing, or reckless disregard for the truth. An offending party then has knowledge of the "wrongness" of an act or event prior to committing it.

Banking

Shamsuddeen Usman

Shamsuddeen Usman, , (born 18 September 1949) is a Nigerian economist, banker, technocrat and public servant. He is currently the CEO of SUSMAN & Associates, an economic, financial and management consulting firm headquartered in Nigeria. He was the Finance Minister of Nigeria between June 2007 and January 2009 and also served as the Minister of National Planning from January 2009 to Se

Securities & exchanges

Share class

In finance, a share class or share classification are different types of shares in company share capital that have different levels of voting rights. For example, a company might create two classes of shares class A share and a class B share where the class A shares have fewer rights than class B shareholders. This may be done to maintain control of a company by a group of shareholders o

Securities & exchanges

Slađana Milošević

Aleksandra Milošević Hagadone (Serbian Cyrillic: Александра Милошевић Хагадон; 3 October 1955 – 26 March 2024), better known as Slađana Milošević (Serbian Cyrillic: Слађана Милошевић, pronounced [slǎdʑana milǒːʃeʋitɕ]), was a Serbian and Yugoslav singer, songwriter, record producer, and author. Often referred to by the nickname "Rock Princess", Milošević was one of the most prominent fem

Trading basics

Social finance

Social finance is a category of financial services that aims to leverage private capital to address challenges in areas of social and environmental need. Having gained popularity after the 2008 financial crisis, it is notable for its public benefit focus. Mechanisms of creating shared social value are not new; however, social finance is conceptually unique as an approach to solving socia

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Social venture capital

Social venture capital is a form of investment funding that is usually funded by a group of social venture capitalists or an impact investor to provide seed-funding investment, usually in a for-profit social enterprise, in return to achieve an outsized gain in financial return while delivering social impact to the world. There are various organizations, such as Venture Philanthropy (VP)

Finance

Solvency II

Solvency II Directive 2009 (2009/138/EC) is a Directive in European Union law that codifies and harmonises the EU insurance regulation. Primarily this concerns the amount of capital that EU insurance companies must hold to reduce the risk of insolvency.

Finance

Sovereign wealth fund

A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity funds or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign exchange reser

Trading basics

Split capital investment trust

A split capital investment trust (split) is a type of investment trust which issues different classes of share to give the investor a choice of shares to match their needs. Most splits have a limited life determined at launch known as the wind-up date. Typically the life of a split capital trust is five to ten years.

Finance

Taxation in Estonia

Taxation in Estonia consists of state and local taxes. A relatively high proportion of government revenue comes from consumption taxes whilst revenue from capital taxes is one of the lowest in the European Union.

Finance

Theory of fructification

In economics, the theory of fructification is a theory of the interest rate which was proposed by French economist and finance minister Anne Robert Jacques Turgot in his 1770 book Reflections on the Formation and Distribution of Wealth. The term theory of fructification is due to Eugen von Böhm-Bawerk, who considered Turgot as the first economist who tried to develop a scientific explana

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Unearned increment

Unearned increment is an increase in the value of land or any property without expenditure of any kind on the part of the proprietor; it is an early statement of the notion of unearned income. It was coined by John Stuart Mill, who proposed taxing it so that it benefits every member of a society.

Trading basics

Venture capital trust

A venture capital trust or VCT is a tax efficient UK closed-end collective investment scheme designed to provide venture capital for small expanding companies, and income (in the form of dividend distributions) and/or capital gains for investors. VCTs are a form of publicly traded private equity, comparable to investment trusts in the UK or business development companies in the United St