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. ...
P-Test
What is a 'P-Test' A statistical method used to test one or more hypotheses within a population or a proportion within a population. When testing a hypothesis about a population proportion (p) within a large population (one in which the sample size, "n", is not greater than 5% of the overall population), the formula is: ...
Face Value
What is 'Face Value' Face value is the nominal value or dollar value of a security stated by the issuer. For stocks, it is the original cost of the stock shown on the certificate. For bonds, it is the amount paid to the holder at maturity, generally $1,000. It is also known as "par value" or simply...
Daily Money Manger – DMM
What is 'Daily Money Manager - DMM' A person who takes over the day-to-day financial tasks for those who are unable to perform these tasks on their own. A variety of people employ daily money managers, (DMM's) ranging from elderly clients to those simply too busy to maintain total control and accuracy of their financial needs. Some...
A Priori Probability
What is 'A Priori Probability' A priori probability is a probability calculated by logically examining existing information. A priori probability can most easily be described as making a conclusion based upon deductive reasoning rather than research or calculation. The largest drawback to this method of defining probabilities is that it can only be applied to a finite...
Rabbi Trust
What is 'Rabbi Trust' A rabbi trust is a type of trust that is typically used by employers to hold retirement benefits for their employees. The assets in the trust are held in the trust's name, but the beneficiaries of the trust are the employees. The rabbi trust is named after Rabbi Meir Tamari, who first proposed the use of...