What is 'W.P. Carey School of Business' The school of business at Arizona State University. It enrolls approximately 7,800 undergraduate and 1,500 graduate-level students. The W.P. Carey School of Business offers undergraduate and graduate programs in a...
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...