Killer Bees
What is 'Killer Bees' An individual or firm that helps a company fend off a takeover attempt. A killer bee uses defensive strategies to keep an attempted hostile takeover from occurring. Companies use a variety of anti-takeover measures, sometimes referred to as shark repellents, to discourage unfriendly takeover attempts from happening. Once an unfriendly takeover attempt has...
Key Employee
DefinitionKey employee, in U.S. Internal Revenue Service terminology, is an employee classification used when determining if company-sponsored qualified retirement plans, including 401 defined benefit plans and 401s, are considered "top-heavy" or, in other words, weighted towards the company's more highly compensated individuals. Key Employee What is a 'Key Employee' A key employee is an employee with a...
Kyrgyzstani Som (KGS)
What is 'Kyrgyzstani Som - KGS' The official currency of Kyrgyzstan, which is also called the Kyrgyz Republic. The multicolored paper notes come in denominations of 1, 5, 10, 20, 50, 100, 200, 500 and 1,000 som and feature portraits of important people in the country's history. A fraction of a som - the functional equivalent of...
Kamikaze Defense
What is 'Kamikaze Defense ' A type of takeover defense mechanism sometimes resorted to by a company that is the target of a hostile bid. Kamikaze defense involves reshaping the target company - either by divesting substantial assets or by making unappealing acquisitions - so that its attraction to a corporate raider is greatly reduced. Kamikaze defense...
Kiddie Tax
DefinitionThe kiddie tax rule exists in the United States of America and can be found in Internal Revenue Code § 1, which "taxes certain unearned income of a child at the parent's marginal rate, no matter whether the child can be claimed as a dependent on the parent's return". Kiddie Tax What is 'Kiddie Tax' A special...
Kangaroo Bond
What is 'Kangaroo Bond' Unlisted foreign bonds are bonds that are issued on the Australian market by non-Australian companies and are denominated in the local currency of Australia. The bond is subject to all applicable laws and regulations in Australia. A "matilda bond" is another term for this kind of relationship. Explaining 'Kangaroo Bond' Foreign bonds, such as kangaroo bonds, are primarily utilized...
Key Person Insurance
Definition Key person insurance, also known as keyman insurance, key man insurance, or 'key employee insurance,' is a kind of business insurance that is critical to the success of a company. The term "key person insurance" does not have a legal meaning. In general, it may be characterized as an insurance policy purchased by a company to pay that company...
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...