What is an 'Obligation' An obligation in finance is the responsibility to meet the terms of a contract. If an obligation is not met, the legal system often provides recourse for the injured party. Explaining 'Obligation'...
What is the IMF Nonfuel Commodity Index
The Index is a weighted average of a broad basket of nonfuel commodities. The index was first published in July 1964 and has been calculated monthly since January 1971. The inclusion of certain...
What is 'X-Mark Signature' An X-mark made by a person in lieu of a signature. Due to illiteracy or disability, a person may be unable to append a full signature to a document as attestation that he...
What is a DB(k) Plan
A DB(k) plan is a type of retirement savings plan that is sponsored by an employer. The name "DB(k)" comes from the fact that the plan is a combination of a traditional defined benefit (DB)...
What is 'Baby Berkshire' Baby Berkshire refers to the 50:1 stock split after the market close on January 20th, 2010 by Berkshire Hathaway Class B shares. This split made the value of each share much smaller as...
What is 'Macro-Hedge' An investment technique used to eliminate the risk of a portfolio of assets. In most cases, this would mean taking a position that offsets the whole portfolio. But this technique is difficult in practice...
What are baby boomers and what generation do they belong to
A baby boomer is a person who was born between 1946 and 1964. So, currently, a baby boomer is someone who is between 56 and 74 years old. The...
What is 'XD' A symbol used to signify that a security is trading ex-dividend. XD is an alphabetic qualifier that acts as shorthand to tell investors key information about a specific security in a stock quote. Sometimes...
What is 'Valuation Mortality Table' A statistical chart that is used by insurance companies to calculate the statutory reserve and cash surrender values of life insurance policies. A mortality table shows the death rate at any given...
What is a Habendum Clause
A Habendum Clause is a real estate legal term that refers to the portion of a deed that states the title holder's intentions for the use of the property. In other words, it spells out...