What is The 'Macaulay Duration' The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the...
What is 'Paired Shares' The stock of two separate companies that are under the management or supervision of a single corporation. Paired shares are traded as if they are one stock and are sold as one unit....
What is 'Radner Equilibrium' A theory suggesting that if economic decision makers have unlimited computational capacity for choice among strategies, then even in the face of uncertainty about the economic environment, an optimal allocation of resources based...
What is 'Year-End Bonus' A reward paid to an employee at the end of the year. Many year-end bonuses are tied to performance metrics and the amount can vary depending whether certain milestones are met. Year-end bonuses...
What is 'Quadrix'
A stock valuation system that uses over 100 variables in seven major categories to determine the value of a stock. The overall score for a particular stock is determined by a weighted average of all 100 variables.
Explaining...
What is 'Yankee Market' A slang term for the stock market in the United States. Yankee market is usually used buy non-U.S. residents and refers to the slang term for an American - a Yankee. ...
What is 'Objective Probability' The probability that an event will occur based an analysis in which each measure is based on a recorded observation, rather than a subjective estimate. Objective probabilities are a more accurate way to...
DefinitionCAN SLIM refers to the acronym developed by the American stock research and education company Investor's Business Daily. IBD claims CANSLIM represents the seven characteristics that top-performing stocks often share before making their biggest price gains. It was developed...
Yacht Insurance What is 'Yacht Insurance ' An insurance policy that provides indemnity liability coverage on pleasure boats. Yacht insurance includes liability for bodily injury or damage to the property of others and damage to personal...
DefinitionA racket is a planned or organized criminal act, usually in which the criminal act is a form of business or a way to earn illegal or extorted money regularly or briefly but repeatedly. A racket is often a...