J.P.
An American financier, philanthropist, and industrial organizer. Morgan was one of the world’s financial personalities prior to World War I decades and one of the fathers of corporate finance in the United States. Morgan began his career in 1857 at J.S. Morgan & Co., his father’s bank. He took it over in 1980 following his father’s death. Morgan reorganized many major railroads and boosted the General Electric, United States Steel, and International Harvester companies.
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Concentration Ratio
Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
“Z-Score” is a statistical measurement showing the relationship of the score to the mean. It can be positive or negative, which means t ...
Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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