AIRLINE INDUSTRY ETF
The sector exchange-traded fund (ETF) which invests on the stocks of airline companies in order to obtain results of investment that corresponds to an underlying airline index. An airline ETF is unlikely to be restricted only to the domestic carriers, but would most probably include the foreign carriers as well, because of the fact that most nations only have a limited number of airlines.
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Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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