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,...
What is a 'Macro Environment' A macro environment is the condition that exists in the economy as a whole, rather than in a particular sector or region. In general, the macro environment includes trends in gross domestic...
What is 'Haas School of Business' The business school at the University of Berkeley. It offers a wide variety of programs, including an MBA degree, master's program in financial engineering, Ph.D. and undergraduate studies. The school's programs...
IPO or Initial Public Offering refers to the first stock sale made by a private organization to the public. This move is typically used by small companies that require funds in order to expand operations, but it is not...
What is 'A-Note' The highest tranche of an asset backed security or other structured financial product. An A-note is senior to other notes, such as B-notes in bankruptcy or other credit proceedings, and is paid back first...
What is 'Haggle' When two parties involved in the purchase of a good and service negotiate the price until both parties can mutual agree on a price. The process of haggling involves two parties making offers and...