What is a 'Takeover' A takeover occurs when an acquiring company makes a bid in an effort to assume control of a target company, often by purchasing a majority stake. If the takeover goes through, the acquiring...
DefinitionThe Community Chests in the United States and Canada were fund-raising organizations that collected money from local businesses and workers and distributed it to community projects. The first Community Chest, "Community Fund", was founded in 1913 in Cleveland, Ohio...
What is a 'Target Firm' A target firm is a company which is the subject of a merger or acquisition attempt. A takeover attempt can take on many different flavors, depending on the attitude of the target...
DefinitionKeogh plans are a type of retirement plan for self-employed people and small businesses in the United States. Keogh Plan What is the 'Keogh Plan' A Keogh plan is a tax-deferred pension plan available to self-employed individuals...
What is 'National Quotation Bureau - NQB' A company established in 1913 to compile and publish price information on stocks and bonds traded in the over-the-counter market. The National Quotation Bureau (NQB) was formed by financial book...
VIX is a ticker symbol of the Chicago Board Exchange Volatility Index (CBOE). The index represents the expectation of the market volatility in next 30 days. It is developed using the implied volatilities of multiple S&P 500 index options....
What is an obligor
An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term can be used to refer to both individuals and businesses. An obligor may be the...
DefinitionThe CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Euronext Paris. It is one of the main national...
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...