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Altman Z-score
The Z-score formula for predicting bankruptcy was published in 1968 by Edward I. Altman, who was, at the time, an Assistant Professor of Finance at New York University. The formula may be used to determine the probability that a firm will go into bankruptcy within two years. Z-scores are used to predict corporate defaults and an easy-to-calculate control measure for the financial distres
BankingBardi family
The House of Bardi was an influential Florentine family that started the powerful banking company Compagnia dei Bardi. In the 14th century, the Bardis lent Edward III of England 900,000 gold florins, a debt which he failed to repay along with 600,000 florins borrowed from the Peruzzi family, leading to the collapse of both families' banks. During the 15th century, the Bardi family contin
BankingCahorsins
The Cahorsins were merchants and financiers from the French city of Cahors and the surrounding region of Quercy during the High Middle Ages. During their 13th-century heyday, they were among the most prominent communities of Christian long-distance traders outside of Italy, and were particularly prominent in commerce between England and its continental lands of the Duchy of Aquitaine. Th
Securities & exchangesCanadian securities regulation
Canadian securities regulation is managed through the laws and agencies established by Canada's 10 provincial and 3 territorial governments. Each province and territory has a securities commission or equivalent authority with its own provincial or territorial legislation.
Trading basicsClericis laicos
Clericis laicos was a papal bull issued on February 5, 1296, by Pope Boniface VIII in an attempt to prevent the secular states of Europe—in particular France and England—from appropriating church revenues without the express prior permission of the pope. The two expansionist monarchies had come to blows, and the precedents for taxation of the clergy for a "just war" if it was declared a
Trading basicsCorn Exchange, London
The Corn Exchange was a commercial building in Mark Lane, London, England. The original structure dated from 1747, but the exchange later amalgamated with a rival exchange and was rebuilt several times before finally closing in 1987.
Securities & exchangesDistressed securities
In corporate finance, distressed securities are securities over companies or government entities that are experiencing financial or operational distress, default, or are under bankruptcy. As far as debt securities, this is called distressed debt. Purchasing or holding such distressed-debt creates significant risk due to the possibility that bankruptcy may render such securities worthless
Trading basicsFineness
The fineness of a precious metal object (coin, bar, jewelry, etc.) represents the weight of fine metal therein, in proportion to the total weight which includes alloying base metals and any impurities. Alloy metals are added to increase the hardness and durability of coins and jewelry, alter colors, decrease the cost per weight, or avoid the cost of high-purity refinement. For example, c
BankingGiovanni Villani
Giovanni Villani (Italian pronunciation: [dʒoˈvanni vilˈlaːni]; c. 1276 or 1280 – 1348) was an Italian banker, official, diplomat and chronicler from Florence who wrote the Nuova Cronica (New Chronicles) on the history of Florence. He was a leading statesman of Florence but later gained an unsavoury reputation and served time in prison as a result of the bankruptcy of a trading and banki
Trading basicsGround rent
As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. The ground rent provides an income for the landowner. In economics, ground rent is a form of economic r
BankingHawks family
The Hawks family was one of the most influential industrialist dynasties of the British Industrial Revolution. The Hawks owned several iron-manufacture and engineering companies in Northern England and in the City of London (including Hawks and Co.; Hawks, Crawshay, and Stanley; and Hawks, Crawshay and Sons) all of which had the name Hawks in the company name, They exported worldwide usi
BankingHistory of pawnbroking
Pawnbroking, lending money on portable security, began in ancient history. The practice was widespread in many parts of the world, from ancient Greece to medieval China and medieval Europe.
BankingIslamic banking and finance in Canada
The demand for Islamic banking and finance has grown in Canada due to the growing Muslim population in the country who want to avoid riba and other financial practices in violation of sharia. These sharia-compliant financial products are not offered by main financial institutions and, thus, small financial companies are major players. However, major companies like WealthSimple are start
Trading basicsJeremy Hosking
Jeremy John Hosking (born 20 July 1958) is a British businessman and political donor. Ranked number 351 in the Sunday Times Rich List, with a net worth of £375 million, he is a shareholder in Crystal Palace and a noted railway enthusiast. He has donated heavily to the Reclaim Party, being the sole donor in the 2023 financial year.
BankingLicoricia of Winchester
Licoricia of Winchester (early 13th century – 1277) was an English Jewish businesswoman.
Fiat currenciesMark (currency)
The mark was a currency or unit of account in many states. It is named for the mark unit of weight. The word mark comes from a merging of three Germanic words, Latinised in 9th-century post-classical Latin as marca, marcha, marha or marcus. It was a measure of weight mainly for gold and silver, commonly used throughout Europe and often equivalent to 8 troy ounces (250 g). Considerable va
Securities & exchangesPersonal Property Security Act (Canada)
The Personal Property Security Act ("PPSA") is the name given to each of the statutes passed by all common law provinces, as well as the territories, of Canada that regulate the creation and registration of security interests in all personal property within their respective jurisdictions.
Trading basicsPeruzzi
The Peruzzi family were bankers of Florence, among the leading families of the city in the 14th century, before the rise to prominence of the Medici. Their modest antecedents stretched back to the mid 11th century, according to the family's genealogist Luigi Passerini, but a restructuring of the Peruzzi company in the 1340's, with an infusion of outside capital, marked the start of a qua
Trading basicsPiedfort
A piedfort (UK: , US: ; French: pied-fort or piéfort [pjefɔʁ]) is an unusually thick coin, often exactly twice the normal weight and thickness of other coins of the same diameter and pattern. Piedforts are not normally circulated, and are only struck for presentation purposes by mint officials (such as patterns), or for collectors, dignitaries and other VIPs. Piedfort is less commonly sp
Trading basicsPontage
Pontage was a toll levied for the building or repair of bridges dating to the medieval era in England, Wales and Ireland.
Trading basicsQuebec carbon market
The Canadian province of Quebec is the first Canadian province with an emission cap-and-trade market (ETS), introduced in 2013. Polluters need to buy emission allowances, which increase in price each year. The resulting revenue is reinvested in Quebec's 2030 Plan for a Green Economy through the Electrification and Climate Change Fund. Since 2014, the Quebec carbon market is linked with t
Securities & exchangesReference re Pan‑Canadian Securities Regulation
Reference re Pan‑Canadian Securities Regulation, 2018 SCC 48 is a landmark decision of the Supreme Court of Canada, dealing with the Canadian doctrine of cooperative federalism and how it intersects with the power of the Parliament of Canada over trade and commerce, as well as discussing the nature of parliamentary sovereignty in Canada.
Securities & exchangesSecurities commission
A securities commission, securities regulator or capital market authority is a government department or agency responsible for financial regulation of securities products within a particular country. Its powers and responsibilities vary greatly from country to country, but generally cover the setting of rules as well as enforcing them for financial intermediaries and stock exchanges.
Trading basicsTroy weight
Troy weight is a system of units of mass whose origin is uncertain. By far the most common troy unit is the troy ounce (oz t), the standard mass unit for precious metals in industry and in trade; it equals 31.1034768 grams. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the troy pound (12 troy ounces). The troy grain is equal to th
Trading basicsUnam sanctam
Unam sanctam is a papal bull that was issued by Pope Boniface VIII on 18 November 1302. It laid down dogmatic propositions on the unity of the Catholic Church, the necessity of belonging to it for eternal salvation, the position of the Pope as supreme head of the Church and the duty thence arising of submission to the Pope in order to belong to the Church and thus to attain salvation. Th