What is 'T+1 (T+2,T+3)' Abbreviations that refer to the settlement date of security transactions. The T stands for transaction date, which is the day the transaction takes place. The numbers 1, 2 or 3 denote how many...
What is 'Face-Amount Certificate Company'
Debt securities are issued by investment firms to their investors as a form of debt financing. These securities are referred to as face-amount certificates, and they are backed by security interests in assets such as...
DefinitionIn American finance, the FDIC problem bank list is a confidential list created and maintained by the Federal Deposit Insurance Corporation which lists banks that are in jeopardy of failing. The list is closely monitored, and if problems continue...
What is 'Labor Intensive'
Labor intensive refers to a process or industry that requires a large amount of labor to produce its goods or services. The degree of labor intensity is typically measured in proportion to the amount of capital...
What is 'A-Share' In a family of multi-class mutual funds, this is the class that is usually characterized by a loaded fee structure. Class A mutual fund units will commonly have a front- or rear-end load, to...
What is 'ZEW Economic Sentiment' A monthly economic survey. The ZEW Economic Sentiment is an almalgamation of the sentiments of approximately 350 economists and analysts regarding the economic future of Germany for the next six months. The...
What was the 'ZZZZ Best'
ZZZZ Best was a bankrupt firm that was owned by Barry Minkow in the 1980s and is now in receivership. Minkow and his friends created the appearance of a multi-million dollar firm by forging documents...
What is 'Yankee Certificate Of Deposit' A certificate of deposit issued by a foreign bank in the United States. As they usually have a minimum face value of $100,000, Yankee certificates of deposit are generally used by...
What is 'S&P Phenomenon' The tendency for a stock that has been recently added to the S&P composite index to experience a temporary price increase. The S&P index to which this phenomenon refers to is the S&P...
DefinitionThe Independence Party is a liberal-conservative and Eurosceptic political party in Iceland. It is currently the largest party in the Althing, with 16 seats. The chairman of the party is Bjarni Benediktsson. The secretary of the party is Áslaug...