LOBSTER TRAP
A strategy utilized by the target company to avoid a hostile takeover. This anti-takeover strategy includes the passing a provision that stops any shareholder with more than 10% shares from converting securities such as convertible bonds, warrants, and convertible preferred stock into a voting stock. Lobster trap prevents big shareholders from adding to their voting stock position and facilitating takeover of the target firm. The term derived from traps that aim to catch large lobsters.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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