KZT (Kazakhstan Tenge)
What is 'KZT' The currency abbreviation or currency symbol for the Kazakhstan tenge (KZT) is for the currency of Kazakhstan. The tenge is made of 100 tiyn and is often presented with the symbol (__). The name of the currency denotes a set of equal scales. Explaining 'KZT' The tenge was first seen in...
Knock-Out Option
What is a 'Knock-Out Option' A knock-out option is an option with a built-in mechanism to expire worthless if a specified price level is exceeded. A knock-out option sets a cap to the level an option can reach in the holder's favor. As knock-out options limit the profit potential for the option buyer, they can be purchased...
Khazanah Nasional Berhad
DefinitionKhazanah Nasional Berhad is the sovereign wealth fund of the Government of Malaysia. Khazanah Nasional Berhad What is 'Khazanah Nasional Berhad' The Khazanah Nasional is a government-owned investment organization that manages the sovereign wealth fund for the Government of Malaysia and was incorporated in 1993. The sole shareholder is the Malaysian Ministry of Finance. According to the...
Killer Application
DefinitionIn marketing terminology, a killer application is any computer program that is so necessary or desirable that it proves the core value of some larger technology, such as computer hardware, a gaming console, software, a programming language, a software platform, or an operating system. In other words, consumers would buy the hardware just to run that application. A killer...
Krannert School of Management
DefinitionThe Krannert School of Management is the school of management at Purdue University in West Lafayette, Indiana, United States. The business school offers instruction at the undergraduate, master's, and doctoral levels. Krannert School of Management What is 'Krannert School of Management' The school of business at Purdue University. Its enrollment is approximately 2,800 students. The Krannert School...
Kicker
Most people are familiar with debt instruments such as bonds and notes. A relatively new addition to the debt landscape is the kicker, which is essentially an added feature that makes the debt more desirable to potential investors. In this post, we'll explore what kickers are, how they work, and some of the benefits and risks associated with them....
Keepwell Agreement
What is a Keepwell Agreement A Keepwell Agreement is a contract between a parent company and its subsidiary stating that the subsidiary will not be sold without the approval of the parent company. The agreement is designed to keep the subsidiary within the group and prevent it from being sold to a third party. Keepwell Agreements are often used in...
KYD (Cayman Islands Dollar)
What is 'KYD' The currency abbreviation or currency symbol for the Cayman Islands dollar (KYD), the currency for the Cayman Islands. The Cayman Islands dollar is made up of 100 cents and is often presented with the symbol ($) or (CI$). Surprisingly, this currency is the ninth-highest in the world in terms of value. Explaining...
Kyoto Protocol
DefinitionThe Kyoto Protocol is an international treaty which extends the 1992 United Nations Framework Convention on Climate Change that commits state parties to reduce greenhouse gas emissions, based on the scientific consensus that global warming is occurring and it is extremely likely that human-made CO2 emissions have predominantly caused it. The Kyoto Protocol was adopted in Kyoto, Japan on...
Korean Composite Stock Price Indexes (KOSPI)
What is 'Korean Composite Stock Price Indexes - KOSPI' A series of indexes that track the overall Korean Stock Exchange and its components. These indexes use a weighted average based on market calculation to calculate the value of the indexes. Explaining 'Korean Composite Stock Price Indexes - KOSPI' The most well-known KOSPI index is...