CHRISTMAS ISLAND DOLLAR
Previous currency of Christmas Island, an Australian island in the Indian Ocean. Today, the currency is obsolete as this island is using the Australian dollar as its currency. Dollarization refers to changing of a local currency to using another jurisdiction’s currency.
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Held by Production
A provision in an oil property lease that lets the lessee, often an energy company, to continually drill on the property so long as it is producing ...
Stock Ahead
Situation where an order is not executed due to a previous order with the same price. This can also occur when two bids are placed at the same time ...
Carry Grid
Foreign exchange investment strategy aiming to lock in profit from a grid of carry trade. Carry grid involves purchasing currencies which pays rela ...
Patent Troll
This term is used to define companies or individuals that misuse patent as a business strategy. When bankrupt companies sell patents at auctions, a ...
Identifiable Asset
Asset of an acquired firm with commercial or exchange value, which can be expected to give economic benefits in the future. It can be tangible or i ...
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Analysts and investors look at the working capital and its trends to measure a company’s financial performance. This metric determines a busi ...
Buying a Home: Determining the Amount You Can Afford
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Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
Retirement Planning: The Significance of Retirement
Previously, we went through the overview of retirement. In this article, we will now explore its significance, before discussing how to map out a s ...
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