LEGAL TENDER
Denomination of a country’s currency, recognized by law, that can be accepted as a financial obligation payment or a medium for commercial exchange. Usually, all denominations of the circulating paper money is a legal tender in every country. A creditor is mandated to accept legal tender as a debt payment. This can only be released by an authorized national body such as the US Treasury in the United States of America, and Royal Canadian Mint in Canada.
Also refers to as lawful money.
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M3
Measuring money supply which includes the following: M2, large time-deposits, repos of maturity larger than one day at commercial banks, institutio ...
S&P 500 Mini
S&P 500 Mini is a derivative contract that represents a designated fraction of the trading value of a standard S&P futures or options contr ...
Rationalization
A reorganization of a company to surge its efficiency. Reorganization may lead to an expansion or reduction in company size, policy changes, or an ...
Industry Bet
Strategy where investors or portfolio managers escalate or reduce holdings in an entire industry, rather than buying or selling individual stocks f ...
Risk Averse
A term that describes an investor who will prefer an investment with the lower risk when he or she encounters two investments with a similar expect ...
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| 14:30 | Trimmed Core CPI | Aug | |
| 14:30 | Median Core CPI | Aug | |
| 14:30 | Manufacturing Shipments | Jul |
