A transaction that transfers carbon credits between two parties under the Kyoto Protocol. The buyer pays the seller cash in exchange for carbon credits, thereby allowing the purchaser to emit more carbon dioxide into the atmosphere. The standards for this agreements are outlined by the International Emissions Trading Association. |||This agreement usually involves two countries; however, it may occur between a country and a large corporation. Buyers expect their carbon emissions to be above the level allocated to them by the Kyoto Protocol, while the seller expects to produce less. Often, the seller has implemented new technology or is developing a new project that is expected to lower its greenhouse gas emissions.
The currency abbreviation or currency symbol for the first Sudanese pound (SDP), the currency for Sudan from 1956 to 1992. The Sudanese pound was made up of 100 piastre, or qirush in Arabic. The Sudanese pound was known as "junaih" in Arabic. |||The Sudanese pound replaced the Egyptian pound at par as the currency of Sudan in 1956, and remained in use until it was replaced by the dinar (SDD) in 1992. Although the currency was replaced, Southern Sudan continued to negotiate many prices in pounds.
The rate at which the gamma of an option or warrant will change over time. More specifically, it is the third order derivative of an options value - once to time and twice to the option's price. Color is part of the group of measures known as the "Greeks" (other measures include delta, gamma and vega) which are used in options pricing models. Color is used by investors who utilize a gamma-hedging option trading strategy, and provides the investor with information on the gamma of an option per year (the daily figure can be found by dividing the result by the number of days in the year). As the number of days left on the options contract get smaller and smaller, color becomes more volatile and less accurate.
A slang term for a market or investor who is bullish on gold. A gold bull anticipates the price of gold increasing over the next period of time. A gold bull market is one where the value of gold has a rising trend. Sometimes a gold bull may be confused or mistaken for a dollar bear. In a dollar bear market, investors anticipate a decline in the dollar's value, so funds from the dollar market are transferred to gold. The dollar bear will raise the price of gold, which alludes to the presence of a gold bull. A true gold bull will persist through a bearish dollar market.
A type of mutual fund, typically run by a life insurance company, that enables an investor to access another company's mutual fund through his or her life insurance policies. For example, you might be able to invest in a Fidelity mutual fund through your life insurance policy with Royal & SunAlliance. These types of funds usually involve extra fees/charges.
A process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance, human resources, etc. |||ERP is most frequently used in the context of software. As the methodology has become more popular, large software applications have been developed to help companies implement ERP in their organization. Think of ERP as the glue that binds the different computer systems for a large organization. Typically each department would have their own system optimized for that division's particular tasks. With ERP, each department still has their own system, but they can communicate and share information easier with the rest of the company.
In currencies, this is the abbreviation for the Sudanese Dinar. |||The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
An individual who is bullish on gold. Gold bugs believe that gold is still a stable source of wealth like it was during the years of the gold standard international currency system. A gold bug invests in gold for what he or she perceives as financial security in the event of a currency devaluation, and often also believes that the price of gold will continue to rise in the future. The term also refers to analysts who consistently recommend gold buys. Gold bugs view gold as a safe investment that will protect them from currency fluctuations or downturns in the financial markets. Although gold is widely known as a standard of value, its price - like that of any other precious metal or commodity - fluctuates widely. For example, the price of gold declined from more than $800/oz in the 1980s to less than $350/oz in the 1990s. This is a point frequently brought up by critics, who view gold as a standard of wealth from the past.However, while there is no consensus, the market does continue to view gold as the traditional "safe harbor" during times of economic crisis. For example, following September 11, 2001, gold prices saw sharp increases as investors sold what they believed were riskier assets.