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Trading basics

1990s United States boom

The 1990s economic boom in the United States was a major economic expansion that lasted between 1993 and 2001, coinciding with the economic policies of the Clinton administration. It began following the early 1990s recession during the presidency of George H.W. Bush and ended following the infamous dot-com crash in 2000. Until July 2019, it was the longest recorded economic expansion in

Trading basics

Advertising clutter

Advertising clutter or marketing clutter refers to the large volume of advertising messages that the average consumer is exposed to on a daily basis. It can occur in television, radio, print media, direct mail and online advertising. Clutter may be assessed objectively, through the number of advertisements or the proportion of advertising content, or subjectively, through the amount of a

Trading basics

Avantor

Avantor, Inc. is an American biotechnology, chemicals, and pharmaceutical company headquartered in Radnor, Pennsylvania. Established in 1904 as J.T. Baker, the company changed its name to Avantor in 2010. Avantor went public in 2019 and is now listed on the New York Stock Exchange under the symbol “AVTR”.

Trading basics

Axe-monies

Axe-monies (Spanish: Tajaderos) refer to copper artifacts found in both western Mesoamerica and the northern Andes. Based on ethnohistorical, archaeological, chemical, and metallurgical analyses, the scholars Hosler, Lechtman and Holm have argued for their use in both regions (which are separated by thousands of miles) through trade. In contrast to naipes, bow-tie- or card-shaped metal o

Trading basics

Bailout

A bailout is the provision of financial help to a corporation or country which otherwise would undergo bankruptcy. A bailout differs from the term bail-in (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process but taxpayers are not. Some governments also have th

Securities & exchanges

Bangladesh Securities and Exchange Commission

The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Ministry of Finance.

Banking

Bank examiner

A bank examiner is a financial professional who has the task of making sure that banks and savings and loan associations are operating legally and safely, in accordance with the bank regulations imposed on these institutions by the chartering level of government. In the United States, they may conduct supervision on behalf of a U.S. government agency, the Federal Reserve System, a state

Banking

Bank of the South

The Bank of the South (Spanish: Banco del Sur, Portuguese: Banco do Sul, Dutch: Bank van het Zuiden) or BancoSur is a monetary fund and lending organization established on 26 September 2009 by Argentina, Brazil, Paraguay, Uruguay, Ecuador, Bolivia and Venezuela with promises of initial capital of US$20 billion. Argentina, Venezuela, and Brazil were each to pledge $4 billion, and Uruguay,

Trading basics

Beatrice Foods

Beatrice Foods Company was a major American conglomerate founded in 1894. One of the best-known food processing companies in the U.S., Beatrice owned many well-known brands such as Tropicana, Krispy Kreme, Jolly Rancher, Orville Redenbacher's, Swiss Miss, Peter Pan, Avis, Milk Duds, Samsonite, Playtex, La Choy and Dannon. It also owned several chemical and consumer goods companies until

Trading basics

Belarusian economic miracle

The Belarusian economic miracle was a period of significant economic growth, urbanisation, and social change in Belarus during the late 20th and early 21st centuries. Beginning under Kirill Mazurov, the Belarusian economy began a process of industrialisation which greatly accelerated under Pyotr Masherov. It continued until the 2008 financial crisis, as Belarus endured the dissolution of

Trading basics

Bullion

Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the Anglo-Norman term for a melting-house where metal was refined, and earlier from French bouillon, "boiling". Although precious metal bullion is no

Trading basics

Business model

A business model describes how a business organization creates, delivers, and captures value, in economic, social, cultural or other contexts. The model describes the specific way in which the business conducts itself, spends, and earns money in a way that generates profit. The process of business model construction and modification is also called business model innovation and forms a pa

Trading basics

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

Trading basics

Capital market imperfections

Credit market imperfections (known academically as capital market imperfections) are limitations that reduce the range of financial contracts that can be signed or honored. There are three main theoretical drivers of imperfection: First, lenders do not have full information about the borrower, whether they have the capacity to pay back their debt and/or whether they are willing to pay (a

Trading basics

Cascading failure

A cascading failure is a failure in a system of interconnected parts in which the failure of one or few parts leads to the failure of other parts, growing progressively as a result of positive feedback. This can occur when a single part fails, increasing the probability that other portions of the system fail. Such a failure may happen in many types of systems, including power transmissio

Trading basics

Cazenove (stock broker)

Cazenove was a British stockbroker and investment bank, founded in 1823 by Philip Cazenove. It was one of the UK's last independent investment banks and one of the last to remain a private partnership. The investment banking business entered into a joint venture with JPMorgan Chase in 2004, and the fund management business Cazenove Capital Management spun off in 2005. In 2009, JPMorgan C

Finance

Circular economy

Circular economy (CE), or circularity, is a model of resource production and consumption that involves sharing, leasing, reusing, repairing, refurbishing, and recycling materials and products, to extend product life cycle for as long as possible. The concept aims to tackle global challenges such as climate change, biodiversity loss, waste, and pollution by emphasizing the design-based im

Trading basics

Civil Servants Pension Fund

Civil Servants Pension Fund (CSPF) is an Iranian independent legal entity under the governance of the Ministry of Welfare and Social Security, and run as an insurance company. This organization is responsible for the affairs related to the retirement of Iran's civil servants. The regular military, law enforcement agencies, and the Islamic Revolutionary Guard Corps, Iran's second major mi

Banking

Clearing House Interbank Payments System

The Clearing House Interbank Payments System, commonly known as the CHIPS network, is the largest private sector USD clearing and settlement network in the world for high-value wire payments. The network, along with several other U.S. payment systems, is operated by The Clearing House Payments Company L.L.C. (The Clearing House), which is owned by member financial institutions.

Trading basics

Convenience

Convenient procedures, products and services are those intended to increase ease in accessibility, save resources (such as time, effort and energy) and decrease frustration. A modern convenience is a labor-saving device, service or substance which make a task easier or more efficient than a traditional method. Convenience is a relative concept, and depends on context. For example, automo

Trading basics

Corporate branding

In marketing, corporate branding refers to the practice of promoting the brand name of a corporate entity, as opposed to specific products or services. The activities and thinking that go into corporate branding are different from product and service branding because the scope of a corporate brand is typically much broader. Although corporate branding is a distinct activity from product

Trading basics

Corporate venture capital

Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the "practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage." Examples o

Finance

Dow Jones & Company

Dow Jones & Company, Inc. (also known simply as Dow Jones) is an American publishing firm owned by News Corp, and led by CEO Almar Latour. The company publishes The Wall Street Journal, Barron's, MarketWatch, Mansion Global, Financial News and Private Equity News.

Trading basics

Emerging market

An emerging market (EM, also an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "

Banking

Environmental, social, and governance

Environmental, social, and governance (ESG) is shorthand for an investing principle that prioritizes environmental issues, social issues, and corporate governance. Investing with ESG considerations is sometimes referred to as responsible investing or, in more proactive cases, impact investing. The term is also frequently used interchangeably with corporate social responsibility and susta

Finance

European Insurance and Occupational Pensions Authority

The European Insurance and Occupational Pensions Authority (EIOPA) is a European Union financial regulatory agency. It was established in 2011 under Regulation (EU) No 1094/2010.

Trading basics

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

Fiat currencies

Fictional currency

A fictional currency is some form of system of money defined, depicted, or alluded to, in works of fiction, such as novels, films or video games. The names of units of such currency are sometimes based on extant or historic currencies (e.g. "Altairian dollars" or "Earth yen") while other names, such as "Kalganids" in Asimov's Foundation series, may be wholly invented. A particularly comm

Finance

Financial fragility

Financial fragility is the vulnerability of a financial system to a financial crisis. Franklin Allen and Douglas Gale define financial fragility as the degree to which "...small shocks have disproportionately large effects." Roger Lagunoff and Stacey Schreft write, "In macroeconomics, the term "financial fragility" is used...to refer to a financial system's susceptibility to large-scale

Finance

Financial network

A financial network is a concept describing any collection of financial entities (such as payment card companies, firms, banks and financial transaction processing) and the links between them, ideally through direct transactions or the ability to mediate a transaction. A common example of a financial network link is security holdings (e.g. stock of publicly traded companies), where a fir

Finance

Financial services

Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.

Finance

Financial Supervisory Service

The Financial Supervisory Service (FSS) is South Korea's integrated financial regulator that examines and supervises financial institutions under the broad oversight of the Financial Services Commission (FSC), the government regulatory authority staffed by civil servants.

Trading basics

Foreign direct investment in India

A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It differs from a foreign portfolio investment, which remains limited to the secondary markets. Broadly, the term includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and

Trading basics

Foreign-exchange reserves of India

The foreign reserves of India are holdings of cash, bank deposits, bonds, and other financial assets denominated in currencies other than India's national currency, the Indian rupee. The foreign-exchange reserves are managed by the Reserve Bank of India (RBI) for the Indian government, and the main component is foreign currency assets.

Trading basics

G20 developing nations

The G20 developing nations (and, occasionally, the G21, G23 or G20+) is a bloc of developing nations established on 20 August 2003. Distinct and separate from the G20 major economies, the group emerged at the 5th Ministerial WTO conference, held in Cancún, Mexico, from 10 September to 14 September 2003. The group accounted for 60% of the world's population, 70% of its farmers and 26% of

Trading basics

Generic brand

Generic brands of consumer products (often supermarket goods) are distinguished by the absence of a brand name, instead identified solely by product characteristics and identified by plain, usually black-and-white packaging. Generally they imitate more expensive branded products, competing on price. They are similar to "store brand" or "private label" products sold under a brand particul

Trading basics

Georges Doriot

Georges Frédéric Doriot (English: dor-EE-oh, French: [ʒɔʁʒ fʁedeʁik dɔʁjo]; 24 September 1899 – 2 June 1987) was a French-born American professor, military officer and venture capitalist.

Trading basics

Glenn Hutchins

Glenn Hogan Hutchins (born 1955) is an American businessman and investor. He is a private equity investor focused on the technology sector, chairman and co-founder of North Island, and co-founder of Silver Lake Partners.

Finance

Global Industry Classification Standard

The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries into which S&P has categorized all major public companies. The system is similar to ICB (Industry Classification Benc

Trading basics

Global waste trade

The global waste trade is the international trade of waste between countries for further treatment, disposal, or recycling. Toxic or hazardous wastes are often imported by developing countries from developed countries.

Trading basics

Gold

Gold is a chemical element; its chemical symbol is Au (from Latin aurum) and atomic number 79. In its pure form, it is a bright-metallic-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactive chemical elements, being the second lowest in the reactivity series, with only pl

Banking

Goldsmith

A goldsmith is a metalworker who specializes in working with gold and other precious metals. Modern goldsmiths mainly specialize in jewelry-making but historically, they have also made silverware, platters, goblets, decorative and serviceable utensils, and ceremonial or religious items.

Trading basics

Gordon White, Baron White of Hull

Vincent Gordon Lindsay White, Baron White of Hull, KBE (11 May 1923 – 23 August 1995), known as Gordon White, was co-founder with James Hanson of the British conglomerate Hanson plc and one of the most successful corporate raiders of the 1970s and 1980s known for his uncanny intuition and ruthless takeover tactics. He died in Los Angeles aged 72, leaving most of his £70 million fortune t

Trading basics

Grape agate

Grape agate, also called grape chalcedony or grape amethyst, is a botryoidal variety of quartz that occurs as clusters of small spheres. Specimen- and gem-quality material is usually purple and sometimes blue-green. Grape agate was discovered in 2014 in West Sulawesi, Indonesia and first entered the global market in 2016. It derives its name from its appearance resembling a bunch of grap

Fiat currencies

Group 11 element

Group 11, by modern IUPAC numbering, is a group of chemical elements in the periodic table, consisting of copper (Cu), silver (Ag), gold (Au), and roentgenium (Rg), although no chemical experiments have yet been carried out to confirm that roentgenium behaves like the heavier homologue to gold. Group 11, more specifically the first three members, are also known as the coinage metals, due

Banking

Henry Grunfeld

Henry Grunfeld (1 June 1904 – 10 June 1999) was a merchant banker who played a prominent role in the development of investment banking and the growth of London as a financial centre following the Second World War.

Trading basics

History of nicotine marketing

The history of nicotine marketing stretches back centuries. Nicotine marketing has continually developed new techniques in response to historical circumstances, societal and technological change, and regulation. Counter marketing has also changed, in both message and commonness, over the decades, often in response to pro-nicotine marketing.

Trading basics

History of paper currency in the Indian subcontinent

Many European trading companies came to India's during the 18th century. These trading companies set up private banks which issued paper currencies in Indian subcontinent first. But these notes were text-based. Charles Canning, 1st Earl Canning first introduced paper currency in Indian subcontinent in 1861 officially.

Trading basics

Hoare Govett

Hoare Govett was a major British corporate brokerage firm based in London, England. The business was created by a merger between two well established stockbroker firms, Hoare & Co and Govett, Sons & Co. From 1984, the business had been a subsidiary, firstly owned by Security Pacific, until its own near collapse and purchase by Bank of America in 1992, when ABN Amro duly purchased the bus

Finance

Housing Finance and Development Centre of Finland

The Housing Finance and Development Centre of Finland (abbr. ARA, Finnish: Asumisen rahoitus- ja kehittämiskeskus) was a Finnish government agency within the jurisdiction of the Finnish Ministry of the Environment, responsible for implementing state housing policy.

Finance

Hyosung

Hyosung Group is a major South Korean conglomerate established in 1966. The company operates across diverse sectors including textiles, heavy industries, chemicals, and information & communication.

Securities & exchanges

ICE Clear Credit

ICE Clear Credit LLC, a Delaware limited liability company, is a Derivatives Clearing Organisation (DCO) previously known as ICE Trust US LLC which was launched in March 2009.

Trading basics

ICOCA

ICOCA is a rechargeable contactless smart card used on the JR West rail network in Japan. The card was launched on November 1, 2003, for usage on the Urban Network, which encompasses the major cities of Osaka, Kyoto, and Kobe (Keihanshin). It is now usable on many other networks nationwide. The ICOCA area has gradually been expanded, and now includes the San'yo region through the Okayama

Finance

Income Tax Department

The Income Tax Department is a government agency undertaking direct tax collection of the government of the Republic of India. It functions under the Department of Revenue of the Ministry of Finance. The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT). The main responsibility of the Income Tax Department is to enforce various direct tax laws, most im

Trading basics

Innovation

Innovation is the practical implementation of ideas that result in the creation or improvements of goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity, realizing or redistributing value". Others give different definitions; most have a focus on newness, improvement, and the spread of ideas or technologies (see diffusion of innovatio

Trading basics

Innovia Films

Innovia Films, a division of CCL Industries, is an international manufacturer and supplier of biaxially-oriented polypropylene films for speciality packaging, labelling, tobacco overwrap and industrial products. It was once known as UCB Films.

Finance

Insurance

Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss.

Trading basics

International Association of Deposit Insurers

The International Association of Deposit Insurers (IADI) was formed on 6 May 2002 with the purpose of sharing deposit insurance expertise with the world and contributing to the stability of financial systems as the standard setter for deposit insurance with a global and expanding membership.

Trading basics

International lender of last resort

International lender of last resort (ILLR) is a facility prepared to act when no other lender is capable or willing to lend in sufficient volume to provide or guarantee liquidity in order to avert a sovereign debt crisis or a systemic crisis. No effective international lender of last resort currently exists.

Trading basics

Iridium

Iridium is a chemical element; it has the symbol Ir and atomic number 77. This very hard, brittle, silvery-white transition metal of the platinum group is considered the second-densest naturally occurring metal (after osmium), with a density of 22.56 g/cm3 (0.815 lb/cu in) as defined by experimental X-ray crystallography. 191Ir and 193Ir are the only two naturally occurring isotopes of i

Trading basics

James Hanson, Baron Hanson

James Edward Hanson, Baron Hanson (20 January 1922 – 1 November 2004) was an English industrialist who built his businesses through the process of leveraged buyouts through Hanson plc. Hanson's billion-dollar empire earned him the nickname "Lord Moneybags".

Trading basics

Jimmy Lee (banker)

James Bainbridge Lee, Jr. (October 30, 1952 – June 17, 2015) was an American investment banker, notable for his role in the development of the leveraged finance markets in the U.S. in the 1980s. He is widely credited as the architect of the modern-day syndicated loan market. At the time of his death, Lee was vice chairman of JPMorgan Chase & Co. and a member of the bank's executive comm

Finance

JPMorgan Chase

JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational banking institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States, and the world's largest bank by market capitalization as of 2026. As the largest of the Big Four banks in America, the firm is considered systemically important by the Financial Stabilit

Trading basics

Kitaca

Kitaca (Japanese: キタカ, romanized: Kitaka) is a rechargeable contactless smart card ticketing system for public transport in Sapporo, Japan. It launched on October 25, 2008 and is managed by Hokkaido Railway Company. The card's name is a combination of the word for "north" (北, kita) and the English loanword "card". 北 is also the first character of Hokkaidō (北海道). Like other electronic far

Trading basics

Korea Deposit Insurance Corporation

The Korea Deposit Insurance Corporation (KDIC) is a South Korean deposit insurance corporation, established in 1996 to protect depositors and maintain the stability of the financial system. The main functions of KDIC are insurance management, risk surveillance, resolution, recovery, and investigation.

Finance

Korea Financial Investment Association

The Korea Financial Investment Association (KOFIA; Korean: 금융투자협회; RR: Geumnyung Tuja Hyeophoe) is a non-profit, self-regulatory organization (SRO) in South Korea, founded under the Financial Investment Services and Capital Markets Act. It was established on February 4, 2009 through the merger of the Korea Securities Dealers Association, the Korea Futures Association, and the Asset Manag

Finance

Korea Minting and Security Printing Corporation

The Korea Minting, Security Printing and ID Card Operating Corporation (KOMSCO; Korean: 한국조폐공사) is a state-owned corporation which is responsible to print and mint the banknotes and coins and other government documents. Its headquarters are located in Daejeon, South Korea.

Trading basics

Larimar

Larimar is the tradename for a rare blue variety of the silicate mineral pectolite found only in the Dominican Republic, around the city of Barahona. Its coloration varies from bluish white, light-blue, light-green, teal, green-blue, turquoise blue, turquoise green, turquoise blue-green, deep green, dark green, to deep blue, dark blue and purple, violet and indigo and the larimar can com

Trading basics

List of systemically important banks

Certain large banks are tracked and labelled by several authorities as Systemically Important Financial Institutions (SIFIs), depending on the scale and the degree of influence they hold in global and domestic financial markets.

Trading basics

Manaca

Manaca (マナカ, Manaka), stylized in lowercase as manaca, is a rechargeable contactless smart card used in Nagoya, Japan and the surrounding area in Aichi Prefecture. It launched on February 11, 2011, replacing the Tranpass magnetic fare card system. Since 2013, it has been part of Japan's Nationwide Mutual Usage Service, allowing it to be used in all major cities across the country.

Finance

Mauritius Commercial Bank

The Mauritius Commercial Bank Ltd (MCB) is a Mauritian commercial bank headquartered in Port Louis. Founded in 1838, it is the oldest bank in Mauritius and the largest: in 2025 Moody's put its share of onshore deposits at about 49%. It is licensed and regulated by the Bank of Mauritius, which has designated it a domestic systemically important bank every year since it first published suc

Trading basics

Meituan

Meituan (Chinese: 美团; pinyin: Měituán; formerly Meituan–Dianping) is a Chinese technology company that operates a platform for local services including on‑demand food delivery, in‑store services and consumer reviews under the Dazhong Dianping brand, hotel and travel bookings, and instant retail. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The company lau

Securities & exchanges

MF Global

MF Global Holdings Ltd., formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc., its broker-deal

Finance

Ministry of Finance (Bangladesh)

The Ministry of Finance (Bengali: অর্থ মন্ত্রণালয়, romanized: Artha Montronaloy) is a ministry of the Government of Bangladesh responsible for financial management, economic policy, and fiscal administration. It serves as the principal government body overseeing the country’s budget, taxation, public expenditure, and financial regulations.

Finance

Ministry of Finance (India)

The Ministry of Finance (IAST: Vitta Mantrālaya) is a ministry of the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.

Banking

Money center bank

A money center bank (also written money-center bank) is a bank or bank holding company that is a particular kind of high-end commercial bank: located in a major financial center such as New York or San Francisco, its lending operations are financed by borrowings from other banks or by issuing bonds. Money center banks tend to engage in a number of different or related businesses, such as

Trading basics

Music industry

The music industry are individuals and organizations that earn money by writing songs and musical compositions, creating and selling recorded music and sheet music, presenting concerts, as well as the organizations that aid, train, represent and supply music creators. Among the many individuals and organizations that operate in the industry are: the songwriters and composers who write so

Trading basics

Nanaco

Nanaco (trademarked in lowercase as nanaco) is a prepaid cash-rechargeable contactless electronic money card, and point based loyalty program used at Seven & I Holdings–owned stores in Japan, which are 7-Eleven convenience stores, Denny's restaurants, and Ito-Yokado merchandise stores. In addition, Nanaco can be used at more than 7,000 third party stores outside the company's group, like

Finance

National Academy of Customs Indirect Taxes and Narcotics

The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) formerly known as National Academy of Customs, Excise and Narcotics (NACEN) is the apex civil service training institute of the Government of India for capacity building of civil servants in the field of indirect taxation, particularly the areas of Customs, GST, Central Excise, Service Tax and Narcotics Control Admin

Finance

National Audit Office of Finland

National Audit Office of Finland (abbreviated NAOF, Finnish: Valtiontalouden tarkastusvirasto (VTV); Swedish: Statens revisionsverk oversees the management of public finances in Finland and monitors fiscal policies and oversees election campaign and party funding. It operates as the supreme external auditor in connection with the Parliament. Independent audit work ensures that state fund

Trading basics

Nationwide Mutual Usage Service

Japan's Nationwide Mutual Usage Service is a system that enables reciprocal use of the country's ten major transportation IC cards. Launched on March 23, 2013, it allows passengers to use their card across participating public, private, and third-sector transportation systems throughout Japan. As of May 12, 2025, the service was available on services operated by 348 transit operators.

Trading basics

Natural capital

Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. All of these underpin our economy and society, and thus make human life possible.

Securities & exchanges

Nifty Fifty

In the United States, the term Nifty Fifty was an informal designation for a group of roughly fifty large-cap stocks on the New York Stock Exchange in the 1960s and 1970s that were widely regarded as solid buy and hold growth stocks, or "blue-chip" stocks. These fifty stocks are credited by historians with propelling the bull market of the early 1970s, while their subsequent crash and un

Trading basics

Nimoca

Nimoca (Japanese: ニモカ, romanized: Nimoka), stylized in lowercase as nimoca, is a rechargeable contactless smart card ticketing system for public transport in Fukuoka Prefecture, Japan. Nishi-Nippon Railroad (Nishitetsu) introduced the system on May 18, 2008. Its name is an acronym of "nice money card", while nimo (にも) in Japanese means "also", as the card is usable also on buses, also on

Banking

NYCE

The New York Cash Exchange (NYCE) is an interbank network connecting the ATMs of various financial institutions in the United States and Canada. NYCE also serves as an EFTPOS network for NYCE-linked ATM cards.

Trading basics

OECD Guidelines for Multinational Enterprises on Responsible Business Conduct

The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct are recommendations on responsible business conduct addressed by governments to multinational enterprises operating in or from the 52 adhering countries. The Guidelines provide non-binding principles and standards for responsible business conduct in a global context that are consistent with applicable laws

Trading basics

OKICA

OKICA (オキカ, Okika), short for "Okinawa IC Card", is a contactless smart card used for public transport in Okinawa.

Trading basics

One Equity Partners

One Equity Partners is a private equity firm with over $10 billion in assets under management which primarily deals with the industrial, healthcare and technology sectors in North America and Europe. One Equity Partners was the merchant banking arm of JPMorgan Chase, focused on leveraged buyout and growth capital investments in middle-market companies. Formed by Bank One in 2001, the gro

Trading basics

Online shopping

Online shopping is a form of electronic commerce which allows consumers to buy goods or services directly from a seller over the Internet using a web browser or a mobile app. Consumers generally find a product of interest by visiting a retailer's website specifically. They may also search among alternative vendors using a shopping search engine, which displays the same product's availab

Trading basics

Panic buying

Panic buying (alternatively hyphenated as panic-buying; also known as panic purchasing) occurs when consumers buy unusually large amounts of a product in anticipation of, or after, a disaster or perceived disaster, or in anticipation of a large price increase or shortage.

Trading basics

Pasmo

Pasmo (stylized as PASMO) is a rechargeable contactless smart card electronic money system. It is primarily used for public transport in Tokyo, Japan, where it was introduced on 18 March 2007. Pasmo can also be used as a payment card for vending machines and stores. In 2013, Pasmo became usable in all major cities across Japan as part of the Nationwide Mutual Usage Service.

Securities & exchanges

Paul Hilal

Paul Charles Hilal is an American businessman and investor. He is the CEO of Mantle Ridge LP, which he founded in January 2016.

Payments & settlement

Payment card

Payment cards are part of a payment system issued by financial institutions, such as banks, to a customer that enables its owner (the cardholder) to access the funds in the customer's designated bank accounts, or through a credit account and make payments by electronic transfer with a payment terminal and access automated teller machines (ATMs). Such cards are known by a variety of names

Finance

Payment card industry

The payment card industry (PCI) denotes the payment systems used for debit, credit, prepaid, e-purse, ATM, and POS cards and associated businesses.

Finance

Pension buyout

A pension buyout is the transfer of some or all pension scheme liabilities to an insurance company, usually by paying a premium so that the insurer becomes responsible for the covered benefits. It is used mainly for defined benefit pension schemes as a form of pension risk transfer. A buyout may cover all members of a scheme, after which the scheme is expected to wind up, or it may follo

Trading basics

Pershing Square Capital Management

Pershing Square Capital Management (Pershing Square) is an American hedge fund based in New York City. It specializes in activist investments, using influence over company management through the purchase of shares and by exerting pressure on management. Pershing Square was founded on January 1, 2004, by Bill Ackman, a hedge fund manager who was a co-founder of the investment firm Gotham

Trading basics

PiTaPa

PiTaPa (Japanese: ピタパ, romanized: Pitapa) is a contactless smart card ticketing and electronic money system used predominantly the Kansai region of Japan. The name PiTaPa from "Postpay IC for Touch and Pay". In the Osaka area, PiTaPa is usable on the Osaka Municipal Subway and New Tram, Keihan Electric Railway, and Hankyu Railway. It launched on August 1, 2004.

Trading basics

Platinum

Platinum is a chemical element; it has symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata "silver".

Trading basics

Platinum group

The platinum-group metals (PGMs) are six noble, precious metallic elements clustered together in the periodic table. These elements are all transition metals in the d-block (groups 8, 9, and 10, periods 5 and 6).

Banking

Polymer banknote

Polymer banknotes are banknotes made from a synthetic polymer such as biaxially oriented polypropylene (BOPP). Such notes incorporate many security features not available in paper banknotes, including the use of metameric inks. Polymer banknotes last significantly longer than paper notes, causing a decrease in environmental impact and a reduced cost of production and replacement. DuPont