Labor Theory Of Value
Labor Theory Of Value What is the 'Labor Theory Of Value ' The labor theory of value was an early attempt by economists to explain why goods were exchanged for certain prices on the market. It suggested the value of a commodity could be measured objectively by the average number of labor hours necessary to produce...
K
What is 'K' A Nasdaq stock symbol specifying that the stock has no voting rights. Explaining 'K' Nasdaq-listed securities have four or five characters. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock. Further Reading An empirical comparison of published...
Zakat
What is 'Zakat' A term used in Islamic finance to refer to the obligation that an individual has to donate a certain proportion of wealth each year to charitable causes. Zakat is a mandatory process for Muslims in order to physically and spiritually purify their yearly earnings that are over and above what is required to provide...
Yankee CD
What is 'Yankee CD' A certificate of deposit (CD) that is issued in the United States by a branch or agency of a foreign bank. A Yankee CD is a foreign certificate of deposit denominated in U.S. dollars, issued in the U.S. to American investors. A foreign company can raise capital from U.S. investors by issuing Yankee...
L
What is 'L' The fifth character added to a stock symbol listed on the Nasdaq to denote a miscellaneous situation. When L is present as the fifth letter of a Nasdaq ticker symbol, it indicates a subordinate issue including certificates of participation, preferred participation and stubs, which represents a stock that is made up of the converted...
C. Michael Armstrong
DefinitionC Michael Armstrong is an American business executive and former AT&T chairman and CEO. He tried to reestablish AT&T as an end-to-end carrier but, due to the dot-com bust and various other issues, he was forced to break the group up in 2001. He resigned in 2002 and was succeeded by AT&T President David Dorman. C. Michael Armstrong ...
Painting The Tape
What is painting the tape and how does it work When it comes to investments, there's always the risk of manipulation. One type of manipulation that commonly occurs is painting the tape. This is when trading activity is artificially generated in order to create the false impression of market momentum in a particular direction. For example, let's say a group...
A
What is 'A' A Nasdaq stock symbol specifying that the stocks are Class "A" shares of the company. Explaining 'A' Nasdaq-listed securities have four or five characters. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock. A What is 'A'...
B
What is 'B' A Nasdaq stock symbol specifying that the stock is Class B shares of the company. Explaining 'B' Nasdaq-listed securities have four or five characters. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock. Further Reading Chaos and...
GBP
What does 'GBP' mean GBP is the abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories of South Georgia, the South Sandwich Islands and British Antarctic Territory and the U.K. crown dependencies: the Isle of Man and the Channel Islands. The African country of Zimbabwe also uses the pound. The British pound...