A trade type used on an buy or sell order. It tells the broker not to decrease the limit price on buy-limit and sell-stop orders on the record date of a cash dividend. |||When a stock goes ex-dividend the price is usually reduced by the amount of the dividend.
A mutual fund that tends to perform well or better than the overall market during weak market conditions. Foul weather funds are created with downward market moves in mind where the goal of the fund is to limit or benefit from the effects of downward moves in the market. While there is no set criteria of what investments a foul weather fund is made up of, they often invest in stocks with lower volatility, such as blue chip stocks, which historically hold up well during a weak market. These funds will also typically look to invest in stocks and other assets that have a strong negative or zero correlation to the stock market.
The risks associated with ineffective, destructive or underperforming management, which hurts shareholders and the company or fund being managed. This term refers to the risk of the situation in which the company and shareholders would have been better off without the choices made by management. Management risk refers to the chance that company managers will put their own interests ahead of the interest of the company and shareholders. An example of this is the recent scandals with Enron, Worldcom and other large companies, whose managers acted in a manner that eventually bankrupted the companies and destroyed shareholder wealth. Management risk also applies to investment managers, whose decisions and actions may divert from the investors' wishes or reduce the value of an investment portfolio.
A type of option whose payoff is set to a specified fixed price if the final asset price is below the strike price; if not, the payoff is set to zero. Cash-or-Nothing options are typically european style options.
The currency abbreviation for the Solomon Islands dollar (SBD), the currency for the Solomon Islands. The Solomon Islands dollar is made up of 100 cents and is often presented with the symbol $ or SI$ to set it apart from other dollar-based currencies. |||The Solomon Islands dollar replaced the Australian dollar (AUD) at a rate of 1:1 in 1977, and was pegged at SI$1.05 to AU$1 for five months before being allowed to float freely. However, inflation has moved the value of the Solomon Islands dollar away from the Australian dollar.
A theory from managerial accounting that relates to just-in-time (JIT) inventory (where a company only receives goods as they are needed to cut down on inventory costs) and production management. The idea behind DRIFT is that management wants all of the processes that make up the JIT philosophy to be done correctly and efficiently so there are no delays in the production process. |||The importance of DRIFT arises from the fact that a JIT production system is heavily reliant on the movement of parts and information along the production process. Subsequently, if there is the slightest error at one of the stages of production the whole production process will be affected. By "doing it right the first time" a company is able to run a smooth production process without needing to carry excessive inventory and greatly diminish the costs of production.
Unemployed individuals who decide to enjoy the free time that unemployment provides. The term was coined during the financial crisis of 2008-2009 to describe those who had recently lost their jobs and were choosing to use their newfound freedom to travel, go to the beach, be physically active and generally enjoy themselves until they found a new job. People who describe their joblessness as funemployment are typically younger individuals with fewer fiscal responsibilities or people who have accumulated enough savings to enjoy the extra time their unemployment has afforded them. People who describe themselves as funemployed often point out that during times of recession, finding a new job can be a long and stressful process, so rather than spending their days worrying about their future, they take advantage of the chance to do things they would be unable to do if they were working.
A formal name for a company that sells and manages a portfolio of securities. A management investment company is one of the three fundamental types of investment companies, the other two being unit investment trusts and face-amount certificate companies. Management investment companies allow investors to pool their capital with that of other investors in order to purchase professionally-managed groups of diversified securities. A management investment company is headed by a CEO, a team of officers and a board of directors. These company leaders choose the types of investment products the company will offer, define the fund's objectives and select the people who will run each fund. Management investment companies are subject to rules set forth in the Investment Company Act of 1940. Registered management investment companies are also subject to the Securities Exchange Act of 1934.