Portable Alpha Definition
What Is the Portable Alpha Strategy? The portable alpha strategy focuses on investing in stocks or other assets that have…
Business News
Are Dividends Considered a Company Expense?
Cash or stock dividends distributed to shareholders are not recorded as an expense on a company's income statement. Stock and…
Can I Have More Than Three Original Bills of Lading?
What Is a Bill of Lading? A bill of lading is a legal document issued by a carrier to a…
Brokered Market Definition
What is a Brokered Market? A brokered market involves agents or intermediaries in purchase and sale transactions to facilitate price…
International Petroleum Exchange (IPE) Definition
What is the International Petroleum Exchange (IPE)? The International Petroleum Exchange (IPE), established in 1980, was a London-based exchange for…
Transfer Procedures Definition
What Are Transfer Procedures? Transfer procedures are the means by which the ownership of a stock (or other security) moves…
Prepaid Cards Processor Definition
What is a Prepaid Cards Processor? A prepaid cards processor is a company that processes transactions for prepaid payment cards.…
Wildcat Banking Definition
What Is Wildcat Banking? Wildcat banking refers to the banking industry in parts of the United States from 1837 to…
Combined Statement Definition
What is a Combined Statement? A combined statement includes information on a customer's various retail banking accounts onto a single…
BAX Contract
What is a BAX Contract? A BAX contract is a short-term investment instrument that tracks the nominal value of a Canadian…