BACKUP LINE
A credit line employed by a bank to screen any issue of the commercial paper for which the financing from the new paper may be unavailable. Backup line of credit adequately gives a substitute pool of liquidity for the issuer and a supply of credit for the purchaser. The backup lines often take the form of a confirmed letter of contractual or credit facility.
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Congestion
Time period when a stock trades either above support, below resistance, or both.
Market occurrence where the demand for a specif ...
Natural Gas ETF
Natural gas ETFs opened well when they first started trading on the American Stock Exchange or AMEX. It’s been very useful to institutional i ...
Private Activity Bond - PAB
Tax-exempt bonds issued by or on behalf of local or state government to provide special financing benefits for qualified projects. The financing is ...
Auction Rate Bond - ARB
A debt security which possess an adjustable interest rate and a fixed term of 20 up to 30 years. The interest rate of an auction rate bond is deriv ...
Employee Share Ownership Trust - ESOT
Program assisting in the acquisition and distribution of a firm’s stocks to its employees. This ownership aims to lift the employees’ m ...
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SEE FOREX TUTORIAL
A Guide to Becoming a Finance Expert
Wouldn’t it be nice not having to rely on another person when managing your funds? Aside from the added convenience it brings, being able to ...
Digesting Financial Statements: Long-Lasting Liabilities
Long-lived liabilities refer to obligations which are due more than a year. Some examples of long-term debt include convertible bond and capital le ...
Inflation and Investments
“How does inflation affect my investments?”
Most investors ask this question, particul ...
Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:00 | MI Inflation Gauge | Apr | |
| 03:30 | ANZ Jobs Advertisements | Apr | |
| 08:00 | Retail Sales | Mar | |
| 08:30 | Commodity Prices | Apr | |
| 09:15 | PMI Manufacturing | Apr | |
| 09:30 | SVME Purchasing Managers Index | Apr | |
| 09:45 | PMI Manufacturing | Apr | |
| 09:50 | PMI Manufacturing | Apr | |
| 09:55 | PMI Manufacturing | Apr |
