MOM AND POP
A colloquial term for small, independent, family-owned, controlled, and operated business. Mom and pop businesses have less employees and low sales volumes. Unlike franchises and large corporations that have multiple operations in various locations, mom and pop shops have a sole location that occupies a small space. It can refer to any kind of business like auto repair garage, bookstore, or restaurant. It can also pertain to inexperienced or unsophisticated investors who trades in the market casually and do not lean on trading in order to supplement their income.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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