- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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The Law of Large Numbers states that as a sample of independent, identically distributed random numbers approaches infinity, its probability density function approaches the normal distribution. See: Normal Distribution.
Industry:Financial services
The certain (zero risk) return an investor would trade for a given (larger) return with an associated risk. For example, a particular investor might trade an uncertain expected 4% active return with 6% risk, for a certain active return of 1.5%.
Industry:Financial services
Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity.
Industry:Financial services
Also called a time deposit this is a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited. A CD has a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years.
Industry:Financial services
A document certifying the country of origin for goods sold internationally.
Industry:Financial services
A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs.
Industry:Financial services
An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state.
Industry:Financial services
These provisions limit shareholders' ability to amend the governing documents of the corporation. This might take the form of a supermajority vote requirement for charter or bylaw amendments, total elimination of the ability of shareholders to amend the bylaws, or the ability of directors beyond the provisions of state law to amend the bylaws without shareholder approval.
Industry:Financial services
Provisions of the Bankruptcy Reform Act under which the debtor firm's assets are liquidated by a court because reorganisation would fail to establish a profitable business.
Industry:Financial services
Provisions of the Bankruptcy Reform Act under which the debtor firm is reorganised by a court because the estimated value of the reorganised firm exceeds the expected proceeds from its liquidation.
Industry:Financial services
