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...
C-Note – What is a C Note Money
What does a C note mean and where does the term come from A C-note is a common slang term for a $100 bill. The origins of the term are unclear, but it is thought to come from the Roman numeral 'C' which was formerly used to denote 100 on banknotes. Another theory is that it refers to the Century note...
W-4 Form
What is the W-4 form and what is it used for The W-4 form is a document that is used by employers to determine the amount of taxes that should be withheld from an employee's paycheck. The form is completed by the employee, and it asks for information about the employee's filing status, number of allowances, and other factors. The...
Qualified Acquisition Cost
What is Qualified Acquisition Cost Qualified Acquisition Cost (QAC) is a measure of the costs incurred by a company to acquire or develop new products or services. It includes all direct and indirect costs associated with the project, such as research and development, marketing, and product launch expenses. QAC is often used as a metric for evaluating the success of...
FAAMG Stocks
What is 'FAAMG Stocks' FAAMG is an abbreviation coined by Goldman Sachs for five top performing tech stocks in the market, namely Facebook, Amazon, Apple, Microsoft, and Alphabet’s Google. Explaining 'FAAMG Stocks' Roughly 3,000 companies (mostly tech companies) trade on the NASDAQ and the Nasdaq Composite provides an indication of how the tech sector is faring in the economy. Facebook (FB), Amazon...