A term that refers to the Bombay Stock Exchange, the major stock exchange in India. The street is home not only the Bombay Stock Exchange but also a large number of other financial institutions. The term "Dalal Street" is used in the same way as "Wall Street" in the U.S., referring to the country's major stock exchanges and overall financial system. These terms are often seen in the financial media.
A certification indicating an individual's expertise in mutual funds and the mutual fund industry. These individuals advise clients on which mutual funds best suit their particular needs. The CFS designation does not license individuals to buy or sell mutual funds; however, in many cases Certified Fund Specialists do have this license, which enables them to buy and sell the funds for their clients. |||The CFS is the oldest designation in the mutual fund industry. Training is provided by the Institute of Business & Finance (IBF) in the form of a 60-hour self-study program. Course topics include, but are not limited to, portfolio theory, dollar-cost averaging and annuities. The course includes a final exam, administered by the National Association of Securities Dealers, and an open-book case study.
A situation in which an analyst or investor uses a systematic form of analysis to conclude that a particular stock will make a good investment and, therefore, should be added to his or her portfolio. The position can be either long or short and will depend on the analyst or investor's outlook for the particular stock's price. Stock picking can be a very difficult process because there is never a foolproof way to determine what a stock's price will do in the future. However, by examining numerous factors, an investor may be able to get a better sense of future stock prices than by relying on guesswork. Because forecasting is not an exact science, an investor or analyst who uses any forecasting technique should include a margin of error in the calculations.
A failure that occurs as a result of many smaller problems. Death by a thousand cuts could refer to the termination of a proposed deal as a result several small issues, rather than one major cause. It could also apply to a product or idea that is destroyed by too many minor changes or the failure of any other plan as a result of a cumulative chain of events. This buzz word is derived from the idea that a small cut will not kill you, but if you get enough of them, you could bleed to death. The term is derived from an ancient form of torture, in which the condemned person was subjected to a number of less devastating wounds over time until the accumulation of damage eventually became fatal.
A designation by the Investment Counsel Association to those holding CFAs and currently working as investment counselors. |||The Investment Counsel Association is a not-for-profit organization that was founded in 1937.
The sale of a mutual fund at a set dollar amount that allows the fundholder to move into a lower sales charge bracket. If, at the time of investment, an investor is unable to come up with the funds needed to qualify for the lower fee, he or she can sign a letter of intent promising to reach the total amount, or breakpoint, in a set time period.Any sales that occur just below a breakpoint are considered unethical and in violation of FINRA (formerly the NASD) rules. An example of a breakpoint sale would be when an investor plans to invest $95,000 in a front-load mutual fund and faces a charge of 6.25% or $6,125. If the investor is properly advised, he or she will be told that adding $5,000 for a total investment of $100,00 will qualify the sale fro a lower sales charge of 5.5%, or $5,500. This means that the investor will essentially have $5,625 more invested than the initial purchase plan due to the savings in sales charges.
Acronym for the "Tokyo Interbank Offered Rate." The Japanese Bankers Association (JBA) publishes the TIBOR every business day at 11:00am (Japan Standard Time). There are two types of TIBOR rates – the European TIBOR rate and the Japanese Yen TIBOR rate. The European TIBOR rate is based on Japan offshore market rates. The Japan offshore market was created in 1986 to help internationalize the country’s financial markets. Yen traded in the offshore market is termed "euroyen." The Japanese Yen TIBOR rate is based on unsecured call market rates. The call market provides a place for financial institutions to lend to, or borrow from, other banks and lenders to either adjust an unexpected short-term surplus or make up an unexpected deficit. The Ministry of Finance is the most powerful finance-related government agency in Japan. The ministry's responsibilities include all of those that are individually held by the U.S. Department of Treasury, the IRS, the Federal Reserve, the Department of Commerce and the Securities and Exchange Commission.
A stipulation on a defense mechanism (or poison pill) used by companies in order to protect against a merger or takeover by another company. The dead hand provision prevents the removal of the poison pill, a strategy used to discourage a hostile takeover, even if shareholders of the target company favor the takeover. A dead hand provision states that only the original directors who put the provision into place can dismantle the pill, so any new directors are prevented from interfering.
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