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The calming effect of European Central Bank President, Mario Draghi, on global financial markets. When the Draghi effect is at play, yields on bonds of embattled European nations, such ...
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A supervisory and compliance position that FINRA required of options trading firms until June 2008. The CROP had to be one of the firm's officers or general partners and was ...
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An accounting term for the formal recognition that a portion of a company's inventory no longer has value. An inventory write-off may be handled in the company's books by charging it to ...
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The outsourcing of resource management tasks to a third-party company. Contract logistics companies handle activities such as designing and planning supply chains, designing facilities, ...
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A program undertaken by the European Central Bank in October 2012 under its president, Mario Draghi, to buy large quantities of government bonds from financially struggling eurozone ...
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The sum of all of a company's current assets (assets that are convertible to cash within a year or less). Gross working capital includes assets such as cash, checking and savings ...
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Exchange traded funds that are designed to trade in a direction that is diametrically opposite to gold bullion. Reverse gold ETFs, or inverse gold ETFs as they are better known, are ...
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The change required to be made to a forward interest rate or yield to get the expected future interest rate or yield. Convexity adjustment refers to the difference between the forward ...
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A zero-cost currency forward contract that uses a range of exchange rates rather than a single rate. A range forward contract is constructed so that it provides full protection ...
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Financial statements prepared using a system of accounting that differs from GAAP, the most common being tax-basis and cash-basis financial statements. Other Comprehensive Basis of ...
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The right to reclaim property in the event of non-payment, fraud or other irregularities. Reclamation in the financial context generally refers to the right to demand a repayment of ...
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A nationwide system used in the United States for the selection and reservation of securities symbols, and also for the collection, processing and distribution of quotation and ...
