Yemeni Rial (YER)
What is 'Yemeni Rial - YER' The official currency of the country of Yemen. The Yemeni Rial is divided into 100 fils, but the fil coins have not been issued since 1990 following Yemeni unification. However, beginning in 1993, the Central Bank of Yemen began introducing coins in one-, five-, 10- and 20-rial denominations. Explaining...
U.S. Treasury
What is the U.S. Treasury The United States Department of the Treasury is the national treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue. The Treasury is responsible for producing all of the nation's currency, and it also plays a critical role in managing the country's finances. In...
Rally
What is a 'Rally' A rally is a period of sustained increases in the prices of stocks, bonds or indexes. This type of price movement can happen during either a bull or a bear market, when it is known as either a bull market rally or a bear market rally respectively. However, a rally will generally follow...
Nasdaq National Market Securities (Nasdaq-NM)
What is 'Nasdaq National Market Securities - Nasdaq-NM' The Nasdaq National Market consists of over 3000 companies that have a national or international shareholder base, meet stringent financial requirements and agree to specific corporate governance standards. Explaining 'Nasdaq National Market Securities - Nasdaq-NM' This is what most people are referring to when they talk...
Calmar Ratio
DefinitionCalmar ratio is a performance measurement used to evaluate Commodity Trading Advisors and hedge funds. It was created by Terry W. Young and first published in 1991 in the trade journal Futures. Calmar Ratio What is the 'Calmar Ratio' The Calmar ratio is a comparison of the average annual compounded rate of return and the maximum drawdown...
Quarter On Quarter (QOQ)
What is a 'Quarter On Quarter - QOQ' 'Quarter-on-quarter' (QOQ) is a measurement technique that determines how much something has changed between one financial quarter and the preceding financial quarter. YOY is a metric that is comparable to the quarter-over-quarter (QoQ) measure, which compares the first quarter of one year (for example, the first quarter of 2005) to the same...
Hard Money Loan
DefinitionA hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, starting at 7.7%, because of the higher risk and shorter duration of the loan....
Canadian Institute Of Chartered Accountants (CICA)
What is 'Canadian Institute Of Chartered Accountants - CICA' A non-profit organization for accounting professionals in Canada. CICA has developed GAAP (generally accepted accounting principles) for Canadian accounting, and publishes guidance and educational materials on a number of accounting-related topics. It is one of the founding members of the International Federation of Accountants (IFAC) and the Global...
Index
An index is a statistical term that refers to changes in representative data points over a certain time period. The term can be applied in different fields including finance and economics. An index summarizes the change that occurs in different contexts. How Index is Important for Investors In the context of finance and economics, an index refers to a...
Jekyll and Hyde
DefinitionStrange Case of Dr Jekyll and Mr Hyde is a gothic novella by the Scottish author Robert Louis Stevenson first published in 1886. The work is also known as The Strange Case of Dr. Jekyll and Mr. Hyde, Dr. Jekyll and Mr. Hyde, or simply Jekyll & Hyde. It is about a London lawyer named Gabriel John Utterson who...