Kenneth I. Chenault
DefinitionKenneth Irvine Chenault is an American business executive. He was the CEO and Chairman of American Express from 2001 until 2018. He is the third black CEO of a Fortune 500 company. Kenneth I. Chenault What is 'Kenneth I. Chenault' The chairman and CEO of American Express. Chenault joined the company in 1981 as a director of...
Korea Investment Corporation
Definition Korea Investment Corporation was established in 2005 to preserve and enhance the long-term purchasing power of South Korea's sovereign wealth through efficient management of public funds in the international financial markets. KIC manages assets entrusted by the Government, the Bank of Korea, and other public funds as defined under the National Finance Act. KIC directly invests the entrusted assets...
Kagi Chart
Definition The Kagi chart is a chart used for tracking price movements and to make decisions on purchasing stock. It differs from traditional stock charts such as the Candlestick chart by being mostly independent of time. This feature aids in producing a chart that reduces random noise. Kagi Chart What is 'Kagi Chart' A type of chart developed by the Japanese in the...
Kondratiev Wave
Definition In economics, Kondratiev waves are hypothesized cycle-like phenomena in the modern world economy. Kondratiev Wave What is 'Kondratiev Wave' An economic theory created by Soviet economist Nikolai Kondratiev that states that Western capitalist economies are susceptible to high performance volatility. Also known as "Kondratiev cycle". Explaining 'Kondratiev Wave' Kondratiev called these large performance fluctuations "super-cycles," which last 50-60 years. Kondratiev claimed to have predicted in...
Kuala Lumpur Stock Exchange (KLS) .KL
What is 'Kuala Lumpur Stock Exchange (KLS) .KL' The former name for what became the Bursa Malaysia in 2004, the Kuala Lumpur Stock Exchange was established in 1976. Its precursors were the Singapore Stockbrokers' Association, which was established in 1930 and went through several name changes over the years. Its main index is the Kuala Lumpur Composite...
Key Rate
What is a key rate and why is it important A key rate is a specific interest rate that is closely watched by investors because it can give clues about the future direction of monetary policy. The most well-known key rate in the United States is the federal funds rate, which is the rate at which banks lend money to...
Katie Couric Clause
What is 'Katie Couric Clause' A slang term for a controversial proposed clause from a Securities and Exchange Commission (SEC) rule (formally known as the Executive Compensation and Related Party Disclosure). This clause, if implemented, would require publicly-traded companies to disclose not only the salaries of their top five executives, but also those of top earning non-executives,...
Kakaku Yusen
What is 'Kakaku Yusen' The system of pricing that is used by the Tokyo Stock Exchange. Under the Kakaku Yusen system, a lower-priced trade is given priority over a higher-priced trade for a sell order. Conversely, higher-priced trades take precedence over lower-priced trades for buy orders. Explaining 'Kakaku Yusen' The Kakaku Yusen...
Klinger Oscillator
What is 'Klinger Oscillator' A technical indicator developed by Stephen Klinger that is used to determine long-term trends of money flow while remaining sensitive enough to short-term fluctuations to enable a trader to predict short-term reversals. This indicator compares the volume flowing in and out of a security to price movement, and it is then turned into an oscillator. Explaining 'Klinger...
Kondratieff Wave
Definition In economics, Kondratiev waves are hypothesized cycle-like phenomena in the modern world economy. Kondratieff Wave What is 'Kondratieff Wave' A long-term cycle present in capitalist economies that represents long-term, high-growth and low-growth economic periods. This theory was founded by Nikolai D. Kondratieff (also spelled "Kondratiev"), a Communist Russia era economist who noticed an approximately 50-year cycle in European agricultural commodity prices and...