HOLLYWOOD STOCK EXCHANGE - HSX
An online prediction market where "investors" bet on the performance of various components of the entertainment industry through Moviestocks, Starbonds, TVStocks, Movie Funds, Idol Warrants and derivatives. Trades are made in "Hollywood dollars," which players receive when they open an account, make successful trades and participate in the website's quizzes. Each "investment" has a ticker-like symbol: for example, the symbol for "Ironman 3" is IRNM3.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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