What is 'B-School' Abbreviation of business school, an educational institution that focuses on teaching business-related courses. While business schools may offer courses ranging from undergraduate degrees to postdoctoral programs, their prime offering is the Master of Business...
What is 'E-Micro Forex Futures' Currency futures contracts traded on CME Globex that are one-tenth the size of standard Forex futures. Currency futures are exchange-traded futures contracts that have currency exchange rates as the underlying commodity. There...
What is 'Z-Share' A class of mutual fund shares that employees of the fund's management company are allowed to own. Employees may have the option of buying Z-shares or receiving them as a part of compensation or...
The Compound Annual Growth Rate (CAGR) is a financial term that measures the annual rate of growth of an asset over a given time period. Calculating annual rate of growth reduces the impact of volatility of the asset. This...
What is 'Zacks Investment Research' A company, founded in 1977, dedicated to providing professional investors with the financial data and analysis needed to make better speculative decisions for themselves and their clients. Zacks is...
What is 'Gadfly' Gadfly is a term for an investor who attends the annual shareholders meeting to criticize the corporation's executives. Named after small insects that bite and annoy livestock, the gadfly looks to irritate a corporation's...
What is 'Z-Bond' The final tranche in a series of mortgage-backed securities that is the last one to receive payment. Used in some collateralized mortgage obligations (CMO), Z-bonds pay no coupon payments while principal is being paid...
What is 'Naked Position' A securities position that is not hedged from market risk. Both the potential gain and the potential risk are greater when a position is naked instead of covered (a covered position is hedged...
What is 'Wachovia Hybrid and Preferred Securities (WHPPSM) Indicies' Market capitalization weighted indicies designed by Wachovia to measure the performance of the U.S. preferred shares in addition to five other specialized indecies. The Wachovia Hybrid and Preferred...
What is 'Macro Accounting' Accounting for the total or aggregate economic activities of a nation. Macro accounting forms the basis for the official statistics that summarize a nation's economic development and performance, and looks at the whole...