The actual amount of commodities represented by a single futures contract. Different futures contracts have different contract units and measurements. For example, soybean contracts have 5,000 bushels per contract, whereas soybean meal has 100 tons per contract.
An investment fund that is managed by more than one investment manager, each with a particular specialty. The goal of the multi-advisor fund is to make investment decisions based on multiple professional opinions, rather than relying on a single person to have comprehensive knowledge of investment options. The multi-advisor fund tends to have a very specific international focus; for example, a fund may invest in high-grade South American debt and Asian equities, with one manager responsible for South American debt and a team responsible for the Asian equities component. As investment options become more complex, multi-advisor funds become increasingly necessary to fully understand the markets and businesses in which we invest. "Multi-advisor fund" is most commonly used to describe a type of hedge fund.
A federal agency that operates under the U.S. Department of Labor. The agency's responsibilities include monitoring and administering information to the U.S. labor market. It is focused on employee development and training, increasing employment opportunities and helping manage local and state unemployment insurance. |||The ETA is by far the most important agency in helping individuals find and retain meaningful work in the United States. Currently, the system is focused on providing employment for the country's highest growing and newest industries. Such a system requires a large investment in education and training for individuals just out of high school. Subsequently, for 2006 the agency was appropriated a budget of $10.63 billion to implement this system and other initiatives.
An exceptional compensation package offered by the acquiring company to the top executives of the company being bought. The offer is meant to keep those executives interested in retaining their positions. A form of sweetheart deal, golden life jacket benefits include in-the-money options and additional large bonuses. The options offered may not be in the best interests of shareholders, as the executive holding the options could be unaffected by large swings in share prices. Furthermore, there is less incentive to make the best possible decisions, which could impact its share price, because the executives often receive the benefits regardless of how well the company performs.
In currencies, this is the abbreviation for the Singapore Dollar. |||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.
A unique identification number that is assigned to a business entity so that they can easily be identified by the Internal Revenue Service. The Employer Identification Number is commonly used by employers for the purpose of reporting taxes.Also known as a Federal Tax Identification Number. When it is used to identify a corporation for tax purposes, it is commonly referred to as a Tax Identification Number. |||The EIN is a nine-digit number, and its role is similar to that of the Social Security number. The number includes information about which state the corporation is registered in. EINs can be applied for by phone, online or by mail. The digits of an EIN are formatted as follows: XX-XXXXXXX. Businesses that have changed their ownership structure usually must apply for a new EIN.
The deliverable quantity of goods or commodities underlying futures, forward and option contracts. Each contract will have a well defined contract size. For example, most equity options have a contract size of 100 shares. So, if the option is exercised, 100 shares of the underlying company must be transferred between the option holder and writer.
A signing bonus offered by a securities firm to a key executive from a competing firm. The firm offering the golden hello hopes the executive of the competing company will be persuaded to leave his or her existing employer and join the firm giving the offer.