STOCK MARKET CRASH OF 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market plunges, selling pressure reached a peak on this day, which is called Black Monday. The Dow Jones Industrial Average (DJIA) dropped 22% and recorded a loss of $500 billion in value.
POPULAR TERMS
Performance Index Paper - PIP
Short-term paper on which the rate of interest is denominated and paid in a base currency. Performance index paper's interest rate is determine ...
Protest Divestment
It refers to the intentional selling of stock on a large scale to make financial pressure on a corporation to force social change.
Co-Owner
Individual or group sharing ownership in an asset with another individual or group. Co-owner of an asset holds a certain percentage although this m ...
Prepaid Interest
It refers to the interest that a debtor pays before the first scheduled repayment of debt.
Other Comprehensive Basis of Accounting - OCBOA
These are financial statements prepared using a system of accounting that differs from GAAP, the most common being tax-basis and cash-basis financi ...
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Student Loans: Loan Repayment
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How Much Does a Home Remodeling Cost?
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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14:30 | FOMC Member James Bullard Speaks | ||
16:00 | Consumer Confidence | May | |
16:50 | FOMC Member Raphael W. Bostic Speaks | ||
02:30 | PMI Manufacturing | May | |
02:30 | Tertiary Industry Index | May | |
02:30 | PMI Composite | May | |
07:00 | BOJ Core CPI | Apr | |
08:00 | Public Sector Net Borrowing | Apr | |
09:15 | PMI Manufacturing | May |