KSOP
What is 'KSOP' A qualified retirement plan that combines an employee's stock ownership plan (ESOP) with a 401(k). Under this type of retirement plan the company will match employee contributions with stock rather than cash. KSOPs benefit companies by reducing expenses that would arise by separately operating an ESOP and 401(k) retirement plans. Explaining 'KSOP'...
F. Duane Ackerman
DefinitionF. Duane Ackerman is an American businessman. He was the last chairman and Chief Executive Officer of BellSouth Corporation. F. Duane Ackerman What is 'F. Duane Ackerman' The former CEO of BellSouth from 1997 to 2006 and chairman from 1998 to 2006. F. Duane Ackerman led the company through the deregulation of the telephone industry, helped it...
U.S. Dollar Index (USDX)
What is the 'U.S. Dollar Index - USDX' The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from...
Emerging and Growth-leading Economies (EAGLE)
What are emerging and growth-leading economies (EAGLE) Emerging and growth-leading economies are those that are experiencing rapid economic growth. This can be due to a variety of factors, including a young and growing population, low labor costs, and access to capital. As these economies develop, they often undergo structural changes that lead to further economic growth. For example, manufacturing may...
T Distribution
What is 'T Distribution' A type of probability distribution that is theoretical and resembles a normal distribution. A T distribution differs from the normal distribution by its degrees of freedom. The higher the degrees of freedom, the closer that distribution will resemble a standard normal distribution with a mean of 0, and a standard deviation of 1....
A.M. Best
What is 'A.M. Best' A.M. Best is a ratings agency focused on the worldwide insurance industry. Founded in New York City in 1899 by Alfred M. Best, the privately held company is headquartered in Oldwick, New Jersey. Both the U.S. Securities and Exchange Commission and the National Association of Insurance Commissioners have designated the company a nationally...
NAD
What is 'NAD' In currencies, this is the abbreviation for the Namibia Dollar. Explaining 'NAD' The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Further Reading Kontrolní potenciál státu nad zprivatizovanými podniky ...
Ma And Pa Shop
What is 'Ma And Pa Shop' A colloquial term for a small, independent, family-owned business. Unlike franchises and large corporations, which have multiple operations in various locations, ma and pa shops usually have a single location that often occupies a physically small space. The "shop" could be any type of business, from an auto repair shop to...
Xenocurrency
What is 'Xenocurrency' A currency that trades in markets outside of its domestic borders. The term "xenocurrency" is derived from the prefix "xeno," which literally means foreign or strange. Explaining 'Xenocurrency' An example of a xenocurrency would be the euro traded in the United States, or the Japanese yen traded in Europe. The term...
Yard
What is 'Yard' A financial term meaning one billion. Yard is derived from the term "milliard" which is used in some European languages and is equivalent to the number one billion used in American English. It is equal to 10y (10 to the ninth power), or the number one followed by nine zeros: 1,000,000,000. If someone were...