LOCAL EXCHANGE TRADING SYSTEMS
A locally initiated and organized economic organization, which allows members to partake in exchanging goods and services, among others. It uses a locally created currency as denominations of units of value that can be bartered or traded in exchange for products and services. LETS members usually view the systems as cooperative and organized system, which maximize purchasing power while benefiting members and the community.
In Toronto Canada, it is called Local Employment and Trading System; while in New South Wales, Australia, it is known as Local Energy Transfer Systems.
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Closed-End Management Company
Investment management firm with only a limited number of shares to investors on an exchange through an initial public offering (IPO). To sell the s ...
Spillover Dividend
Spillover dividend is a kind of dividend. It is where the taxable and payment year happen at different periods caused, most often, by a dividend de ...
Financial Intermediary
An entity that serves as a middleman or facilitator between 2 parties in a financial transaction.
Realized Loss
Realized loss is the opposite of realized gain, in which an asset was sold at a price lower than its original price. A realized loss may reduce one ...
MSCI ACWI ex-US
Market-capitalization-weighted index administered by Morgan Stanley Capital International (MSCI), which is made to provide a wide measure of stock ...
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