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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Convertible Currency
Currency which can be easily and readily bought or sold for another currency without government restrictions. Also known as hard currency.
Nominal Interest Rate
The interest rate before taking inflation into account. The nominal interest rate is the rate quoted in loan and deposit agreements. The equation t ...
Automated Clearing House - ACH
A fund transfer system that deals with direct deposit, payroll, consumer bills, tax refunds, and many more payment services.
Flipping
Flipping refers to a real estate investment strategy where investors buy properties and then sell them for a profit.
Transfer-for-Value Rule
Tax-liability rule stating a portion of the death benefit is considered an ordinary income and subject to taxation if a life insurance policy is so ...
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Student Loans: Private Loans
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Ethical Investing: Socially Responsible Investing
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