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...
What is 'Rafael Miranda Robredo' A former CEO of Spanish electricity company Endesa. Born in Spain in 1949, Roberdo worked for Tudor and Campofrio before joining Endesa in 1987 as a managing director. In 1997 he became...
What is 'Daily Chart' A line graph that displays the intraday movements of a given security. This contrasts to longer term charts, such as those that show a security's movement over a period of days, months or...
What is 'AC-DC Option' A derivative that gives an investor the right - but not the obligation - to buy (call) or sell (put) a security at a certain price (strike), and in which the investor makes...
DefinitionForm W-9 is used in the United States income tax system by a third party who must file an information return with the Internal Revenue Service. It requests the name, address, and taxpayer identification information of a taxpayer. W-9...
What is 'A-B Trust' A trust created by a married couple with the objective of minimizing estate taxes. An A-B trust is is a trust that divides into two upon the death of the first spouse. It...
What is B-Share and how does it work
B-share is a type of stock that is typically issued by foreign companies that are listed on a U.S. exchange. B-shares usually have the same economic rights as other shares of the...