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 '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 the 'GDP Price Deflator' GDP price deflator is an economic metric that accounts for inflation by converting output measured at current prices into constant-dollar GDP. This specific deflator shows how much a change in the...
What is 'Daily Average Revenue Trades - DARTs' A common metric used in the investment brokerage industry that represents the number of trades from which a given broker can expect to generate revenue through commissions or fees...
What is 'S&P Core Earnings' The Standard and Poor's revised version of the measurement of core earnings, which excludes any gains related to pension activities, net revenues from the sale of assets, impairment of goodwill charges, prior-year...
What is 'Jack Welch' The former chairman and CEO of General Electric (GE) from 1981 - 2001. Welch expanded the company and dramatically increased its market value from $14 billion to $410 billion during his tenure. ...
What is a 'Haircut' A haircut is the difference between prices at which a market maker can buy and sell a security. The term comes from the fact that market makers can trade at such a thin...
DefinitionThe Pac-Man defense is a defensive business strategy used to stave off a hostile takeover, in which a company that is threatened with a hostile takeover "turns the tables" by attempting to acquire its would-be buyer. The name refers...
What is 'KRW' The currency abbreviation or currency symbol for the Korean won (KRW), the former currency for Korea. The won was made up of 100 chon and is often presented with the symbol (__). No banknotes...
DTI is debt to income ratio Your debt to income ratio is an important part of your credit score calculation A low debt to income ratio is preferable Further Reading Economic growth, development of telecommunications infrastructure,...