BLANKET HONESTY BOND
Fidelity bond protecting an employer for all the incurred losses due to employees’ dishonest acts. The maximum amount of coverage is applicable to just one loss regardless of the number of workers involved in the dishonest act. Even if the responsible employee(s) cannot be determined, the employer is still compensated for the losses. Also called commercial blanket bond.
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Short Leg
Short Leg is a contract where an individual holds a short position. The contract is in the option spread created by the trader by purchasing a put ...
Borrowing Base
Money a lender will loan to a company. The borrowing base is usually determined by a method called margining, where the lender determines a discoun ...
Swaziland Lilangeni
Currency abbreviation for the Swaziland Lilangeni, the official currency of Swaziland. The currency is comprised of 100 cents and presented with th ...
Deposit/Withdrawal At Custodian - DWAC
A method of electronically transferring new shares or paper share certificates from the Depository Trust Company (DTC), which acts as a clearinghou ...
Economic Stimulus
Plans to financially stimulate an economy. It implements monetary or fiscal policy changes to bolster a lagging or struggling economy. Governments ...
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As the biggest market in the world, the foreign exchange market or forex is also one of the most participated in the world. As such, learning about ...
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The Types of Stock
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