MOGUL
An individual who became very successful and powerful in business, resulting to being very wealthy. For instance, Mark Zuckerberg became a mogul when Facebook, his social media platform, became tremendously popular. Jack Welch is also a mogul for the success of General Electric, where he was the former chairman and Chief Executive Officer of the company. Henry Ford is a mogul, too because of the revolutionized automobile industry with his assembly-line production method and Model-T car.
Also known as tycoon.
POPULAR TERMS
Capital Commitment
Future capital payments that a firm has pledged to pay out on long-term assets over a particular time period. This also talks about the securities ...
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Diluted Earnings Per Share - Diluted EPS
It is the measure of a company’s profits.
Covenant
Promise a firm made to an indenture or other formal debt agreement, stating some activities will or won’t be carried out. In finance, it freq ...
Gross Spread
Difference between the security price paid by the underwriter and the actual price charged to the public. The spread compensates the underwriters o ...
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