ADVANCE-DEPOSIT WAGERING - ADW
A kind of gambling on the results of horse races wherein a prior funding of the account is needed before the bettor is allowed to place bets. The ADW is commonly performed by online or by phone. Contrary to an ADW, advance funding is allowed by credit in which the accounts must be resolved at the end of the month. State governments, horse trainers, and racetrack owners sometimes receive share of the revenues from ADW.
POPULAR TERMS
Proved Reserves
It refers to the amount of resources that can be recovered from the deposit with a reasonable certainty level.
Cumulative Discount Privilege
In mutual fund, a way an investor can become eligible for lower fees by getting the sum of multiple transactions in several funds within the same f ...
Commercial Hedger
Companies purchasing futures positions in commodities to control its costs. When used in creating a product or service, corporations can hedge to r ...
Hurdle Rate
The minimum rate of return required by a manager on a project. The riskier the project, the higher the hurdle rate.
Sensex
Sensex is the abbreviation for the index of the Bombay Stock Exchange (BSE) that is the Bombay Sensitive Index. In 1986, the Sensex was initially c ...
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