DefinitionC. Steven McMillan is an American businessman. He served as Chief Executive Officer of the Sara Lee Corporation from 2000 to 2005. C. Steven McMillan What is 'C. Steven McMillan' A former CEO of Sara Lee from...
What is 'AAAA Spot Contract' A standardized contract drawn up by the American Association of Advertising Agencies that governs the purchase of television or radio spots. The AAAA Spot Contract is generally between the advertising agency that...
What was 'QQQQ'
QQQQ was the previous ticker symbol for the Nasdaq 100 Trust, an ETF that trades on the Nasdaq. This security offers broad exposure to the tech sector by tracking the Nasdaq 100 Index, which consists of the...
What is the 'S&P 500 Mini' The S&P 500 mini is a derivative contract representing a designated fraction of the trading value of a standard S&P futures or options contract. Designed to expand the group of investors...
What is 'Z-Tranche'
The term "special kind of bond class" refers to a type of bond class in a sequential pay collateralized mortgage obligation. Interest and principal payments are deferred until all previous tranches of the bond have been fully...
What is 'KHR' The currency abbreviation or currency symbol for the Cambodian riel (KHR), the currency for Cambodia. The riel is made up of 100 sen and is often presented with the symbol (__). Although the riel...
What is 'Daily Trading Limit' The maximum gain or loss on a derivative contract, such as options and futures contracts, that is allowed in any one trading session. The limits are imposed by the exchanges in order...
DefinitionFacebook Credits was a virtual currency that enabled people to purchase items in games and non-gaming applications on the Facebook Platform. One U.S. dollar was the equivalent of 10 Facebook Credits. Facebook Credits were available in 15 currencies including...
What is 'Obligation Bond' A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated. The face value of the bond is greater than the value of the property itself....
DefinitionThe GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP. The calculation for the output gap is Y–Y where Y is actual output and Y* is potential output. If this...