Occupational Labor Mobility
What is 'Occupational Labor Mobility' Refers to the ease with which workers can switch career fields to find gainful employment or meet labor needs. Higher levels of occupational labor mobility help to maintain strong employment and productivity levels, leading many governments to provide occupational retraining to help workers acquire necessary skills and expedite the process. ...
S&P Core Earnings
What is 'S&P Core Earnings' The Standard and Poor's revised version of the measurement of core earnings, which excludes any gains related to pension activities, net revenues from the sale of assets, impairment of goodwill charges, prior-year charge and provision reversals, and settlements related to litigation or insurance claims. Expenses related to employee stock option grants, pensions,...
Daily Average Revenue Trades (DARTs)
What is 'Daily Average Revenue Trades - DARTs' A common metric used in the investment brokerage industry that represents the number of trades from which a given broker can expect to generate revenue through commissions or fees on any given day. Explaining 'Daily Average Revenue Trades - DARTs' Daily average revenue trades are closely monitored...
GDP Price Deflator
What is the 'GDP Price Deflator' GDP price deflator is an economic metric that accounts for inflation by converting output measured at current prices into constant-dollar GDP. This specific deflator shows how much a change in the base year's GDP relies upon changes in the price level. The GDP price deflator is also known as the "implicit...
W.P. Carey School of Business
What is 'W.P. Carey School of Business' The school of business at Arizona State University. It enrolls approximately 7,800 undergraduate and 1,500 graduate-level students. The W.P. Carey School of Business offers undergraduate and graduate programs in a variety of business disciplines, including accounting, economics, international business, human resources, marketing, management and finance. Explaining 'W.P. Carey School...
Obligation
What is an 'Obligation' An obligation in finance is the responsibility to meet the terms of a contract. If an obligation is not met, the legal system often provides recourse for the injured party. Explaining 'Obligation' Financial obligations represent any outstanding debts or regular payments that you must make. If you owe or will owe...
IMF Nonfuel Commodity Index
What is the IMF Nonfuel Commodity Index The Index is a weighted average of a broad basket of nonfuel commodities. The index was first published in July 1964 and has been calculated monthly since January 1971. The inclusion of certain commodities in the index, and their weights, are reviewed periodically to ensure that the index reflects changing patterns in global...
X-Mark Signature
What is 'X-Mark Signature' An X-mark made by a person in lieu of a signature. Due to illiteracy or disability, a person may be unable to append a full signature to a document as attestation that he or she has reviewed and approved its contents. In order to be legally valid, the X-mark signature must be witnessed....
DB(k) Plan
What is a DB(k) Plan A DB(k) plan is a type of retirement savings plan that is sponsored by an employer. The name "DB(k)" comes from the fact that the plan is a combination of a traditional defined benefit (DB) plan and a 401(k) plan. The DB portion of the plan guarantees a certain level of income in retirement, while...
Baby Berkshire
What is 'Baby Berkshire' Baby Berkshire refers to the 50:1 stock split after the market close on January 20th, 2010 by Berkshire Hathaway Class B shares. This split made the value of each share much smaller as far as price was concerned. At the market close, Berkshire Class B shares were trading at $3,476. The stock split...