Quadruple Witching
What is 'Quadruple Witching' Quadruple witching refers to an expiration date that includes stock index futures, stock index options, stock options and single stock futures. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September and December. Much of the action...
ILS (Israeli New Shequel)
What is 'ILS' For the Israeli New Sheqel (ILS), sometimes known as the Israeli New Sheqel (ILS), the currency abbreviation or currency sign is ILS. In addition to being made up of 100 agorot, the New Sheqel is frequently represented by the sign ₪. This sign is a combination of the initial letters of the Hebrew words "sheqel" and "hadash,"...
S&P 500 Dividend Aristocrats
DefinitionThe Dividend Aristocrats are S&P 500 index constituents that have increased their dividend payouts for 25 consecutive years or more. S&P 500 Dividend Aristocrats What is 'S&P 500 Dividend Aristocrats' Companies in the S&P 500 who have increased their dividends for at least 25 consecutive years. The S&P 500 Dividend Aristocrats index tracks their performance, and is...
L-Shaped Recovery
What is 'L-Shaped Recovery' A type of economic recession and recovery that resembles an "L" shape in charting. An L-shaped recovery represents the shape of the chart of certain economic measures, such as employment, GDP and industrial output. An L-shaped recovery involves a sharp decline in these metrics followed by a long period of flat or stagnant...
Half Commission Man
What is 'Half Commission Man' A half commission man is an individual who introduces clients to stock brokers or other market professionals in exchange for an agreed upon percentage of any commissions earned as a result of the new client. Although a stock broker must share some of his or her commissions, the theory is that the...
Baccalaureate Bond
What is 'Baccalaureate Bond' A zero-coupon bond issued by certain states to assist families in saving for college tuition by means of added tax benefits. Baccalaureate bonds are offered by many states and are tax-free securities that allow states to lend at reasonable rates, while issuing tax-free bullet bonds to citizens wishing to save over time for...
What is the Real Interest Rate in 2020?
How do you find the real rate? The real interest rate can be calculated by removing the inflation rate from the current nominal interest rate. The equation is extremely simple to calculate. You simply figure out the nominal interest rate and subtract the calculated inflation rate and you will have the real rate as a result. This calculation is...
Valoren Number
What is 'Valoren Number' An identification number assigned to financial instruments in Switzerland. These numbers are similar to the CUSIP numbers that are used in Canada and the U.S. A typical valoren number is between six to nine digits in length. Explaining 'Valoren Number' Market data firms and other financial institutions throughout Europe typically...
KWD (Kuwaiti Dinar)
What is 'KWD' The currency abbreviation or currency symbol for the Kuwaiti dinar (KWD), the currency of Kuwait. The dinar is made of 1000 fils, and it is often presented with the symbol (__). The dinar has the highest value of any currency in the world. Explaining 'KWD' The dinar was first seen in...
Macro Manager
What is 'Macro Manager' A boss or supervisor who lets employees do their jobs with minimal supervision. Macro managers are thought of by some employees as superiors who do not give them enough support or feedback to do their jobs effectively, while others may be glad to be trusted and left alone. A macro manager is the...