The payment of something of value to an individual with the goal of persuading or influencing his or her decision or performance in a certain situation. A kickback may be in the form of cash or favors, and can be legal or illegal. A common form of kickbacks, in the context of investing, is a commission rebate for investors who trade frequently.
A Japanese term describing a loose conglomeration of firms sharing one or more common denominators. The companies don't necessarily need to own equity in each other. This term has been in the news every now and then, especially when they talk about Silicon Valley. One example would be the close relationship between AOL and Sun Micro. The two firms don't have ownership in each other, but they work closely on various projects.
Slang term for Australian stocks, it refers mostly to the stocks on the All-Ordinaries Index, which is composed of around 300 of the most active Australian companies. Kangaroos are one of the most recognizable symbols of Australia, outside of Mel Gibson and Nicole Kidman of course.
A financial buzz word used to describe economic policies which some view to be overly leftist. Kremlinomics alludes to the communist policies of the Russian government during the Cold War and is by all accounts considered an unwanted connotation in industrialized nations. The term kremlinomics gained popularity during the early months of the Obama administration in the United States. Obama's detractors saw his policies as socialist or leftist, and used the term to voice their displeasure with the president and his administration.
An economic theory created by Soviet economist Nikolai Kondratiev that states that Western capitalist economies are susceptible to high performance volatility. Also known as "Kondratiev cycle". Kondratiev called these large performance fluctuations "super-cycles," which last 50-60 years. Kondratiev claimed to have predicted in the 1920s the stock market crash of 1929, also known as Black Thursday. His prediction was based on the market crash of 1870.
1. The act of misrepresenting the value of a financial instrument for the purpose of extending credit obligations or increasing financial leverage. 2. A fraudulent act involving the alteration or issuance of a check or draft with insufficient funds. 1. Kiting generally occurs when securities firms fail to deliver securities of buy and sell transactions in a timely manner (before the three-day settlement period). The firm failing to receive the securities is required to purchase the shortage on the open market and charge the delinquent firm any associated fees. The delinquent firm is practicing the fraudulent act of kiting if it fails to purchase the securities on the open market and maintains a short position, delays delivery or takes part in transactions contrary to SEC regulations regarding the proper settlement of trades. 2. In the past, clearing checks between banks took extended periods of time. Individuals used to take advantage of this delay and wrote "bad" checks to deposit funds before the checks were cashed. Banks have tried to cut down on kited checks by placing holds on deposited funds and charging for returned checks. Both of these kiting practices are considered illegal.
Those who help a company fend off a takeover attempt with the use of defensive strategies. Companies, usually with the help of investment bankers, use a number of strategies to repel a hostile takeover bid including, but are not limited to: poison pills, people pills, white knights, shark repellent, pac-man, lobster traps, sandbags, whitemail, greenmail and the macaroni defense.
Killer application or "killer app" is a buzzword that describes a software application that surpasses all of its competitors. The term is sometimes used to describe a type of software. For example, email applications have been described as the killer app of the 90s.