IMCLONE - IMCL
Publicly-traded biotechnology firm that markets products in oncology. In 2002, IMCL made international headlines following the firm’s founder and CEO Sam Waksal was incriminated for insider trading. Briefly after Waksal’s indictment, domestic diva Martha Stewart was also charged of insider trading. Stewart obtained the details from Waksal and her own broker, stating Waksal tried to discard $5 million worth of his shares in the firm on insider information. Stewart traded her shares on data Wasakal attempted to sell his.
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Henry Hub
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A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range. This range will ...
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Time an annuity investor must wait until they can withdraw the fund from their annuity without paying the penalty fee.
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Rental agreement imposing no obligation on the lessee or tenant to purchase the leased asset at the end of the agreement. Also known as net lease, ...
Active Trust
A trust wherein the trustee is held liable for additional responsibilities. With an active trust, the given additional responsibilities can be in t ...
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