INTANGIBLE DRILLING COSTS - IDC
Expenses incurred in developing an oil or gas well for the factors that are not included in the final operating well. This encompasses all costs created by an operator incidental to and needed in drilling and preparing wells for producing oil and gas such as survey work, drainage, employee wages, ground clearing, repairs, and supplies, among others. Generally speaking, costs are categorized as IDC if they have no salvage value. IDCs include all true and actual expenses, excluding costs for the drilling equipment.
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
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Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
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A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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