Labor-Sponsored Venture Capital Corporations (LSVCC)
What is 'Labor-Sponsored Venture Capital Corporations - LSVCC' A type of Canadian corporation created by a labor union that deals exclusively with providing venture capital. Unlike other venture capital corporations, LSVCCs are subject to tight regulations. The investment funds from LSVCCs are called labor-sponsored investment funds (LSIFs). Explaining 'Labor-Sponsored Venture Capital Corporations - LSVCC' ...
A. Michael Spence
DefinitionAndrew Michael Spence is an American economist and recipient of the 2001 Nobel Memorial Prize in Economic Sciences, along with George Akerlof and Joseph E. Stiglitz, for their work on the dynamics of information flows and market development. A. Michael Spence What is 'A. Michael Spence' An American economist who has won the Nobel Memorial Prize in...
Qualification Ratio
What is 'Qualification Ratio' Ratio of debt to income and housing expense to income that is used by mortgage lenders to determine a borrower's credit-worthiness for certain loan amounts. Generally, a borrower's debt-to-income ratio, which includes housing expenses plus long-term debt, cannot exceed 36% of the person's monthly gross income. Housing expenses alone, which include home owner's...
Zaraba method
What is ‘Zaraba method' Zaraba method is a method of matching orders that involves using an auction-like process to trade securities. The orders are organized by both their prices and the time that they were taken. As soon as an order for a security is delivered, it is compared and matched with orders already in the order book. When a...
IE Business School
DefinitionIE Business School is a graduate school located in Madrid, Spain. It was founded in 1973 under the name Instituto de Empresa and since 2009 is part of IE University. IE Business School runs MBA, Executive MBA, master's degree programs in finance and management, executive education programs, PhD and DBA programs. IE Business School What is 'IE Business...
JAJO
What is 'JAJO' An acronym that represents the months of January, April, July and October. Many companies that pay dividends announce their intentions to pay them – or declare a dividend payable on a certain date – four times per year, in January, April, July and October, the months included in JAJO. Explaining 'JAJO' ...
RBC Consumer Attitudes And Spending By Household Index (RBC CASH Index)
RBC Consumer Attitudes And Spending By Household Index (RBC CASH Index) What is 'RBC Consumer Attitudes And Spending By Household Index - RBC CASH Index ' An index based on a monthly national survey of consumer attitudes on the state of savings, local economies, personal financial situations and confidence to make significant investments, which covers both...
Pac-Man
DefinitionPac-Man, stylized as PAC-MAN, is an arcade game developed by Namco and first released in Japan as Puck Man in May 1980. It was created by Japanese video game designer Toru Iwatani. It was licensed for distribution in the United States by Midway Games and released in October 1980. Immensely popular from its original release to the present day,...
K-Percent Rule
DefinitionFriedman's k-percent rule is the monetarist proposal that the money supply should be increased by the central bank by a constant percentage rate every year, irrespective of business cycles. K-Percent Rule What is 'K-Percent Rule' A theory of macroeconomic money-supply growth first postulated by Nobel Prize-winning economist Milton Friedman. The theory states that the best way to...
DAX
What is 'DAX' A stock index that represents 30 of the largest and most liquid German companies that trade on the Frankfurt Exchange. The prices used to calculate the DAX Index come through Xetra, an electronic trading system. A free-float methodology is used to calculate the index weightings along with a measure of average trading volume. ...