Over-the-counter (OTC) refers to the process of how securities are traded for companies not listed on a formal exchange. Securities that are traded over-the-counter are traded via a dealer network as opposed to on a centralized exchange. OTC...
What is 'KSOP' A qualified retirement plan that combines an employee's stock ownership plan (ESOP) with a 401(k). Under this type of retirement plan the company will match employee contributions with stock rather than cash. KSOPs benefit...
DefinitionF. Duane Ackerman is an American businessman. He was the last chairman and Chief Executive Officer of BellSouth Corporation. F. Duane Ackerman What is 'F. Duane Ackerman' The former CEO of BellSouth from 1997 to 2006 and...
What is the 'U.S. Dollar Index - USDX' The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the...
What are emerging and growth-leading economies (EAGLE)
Emerging and growth-leading economies are those that are experiencing rapid economic growth. This can be due to a variety of factors, including a young and growing population, low labor costs, and access to...
What is 'T Distribution' A type of probability distribution that is theoretical and resembles a normal distribution. A T distribution differs from the normal distribution by its degrees of freedom. The higher the degrees of freedom, the...
What is 'A.M. Best' A.M. Best is a ratings agency focused on the worldwide insurance industry. Founded in New York City in 1899 by Alfred M. Best, the privately held company is headquartered in Oldwick, New Jersey....
What is 'NAD' In currencies, this is the abbreviation for the Namibia Dollar. Explaining 'NAD' The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with...
What is 'Ma And Pa Shop' A colloquial term for a small, independent, family-owned business. Unlike franchises and large corporations, which have multiple operations in various locations, ma and pa shops usually have a single location that...
What is 'Xenocurrency' A currency that trades in markets outside of its domestic borders. The term "xenocurrency" is derived from the prefix "xeno," which literally means foreign or strange. Explaining 'Xenocurrency' An example of...