A slang term used to describe a significant amount of money. The amount implied typically depends on the person, company or situation. We may all have a different idea of what constitutes a "ton of money", but according to the Bureau of Engraving and Printing, a ton of $1 bills amounts to $908,000 - nearly $1 million!If you're talking about a ton of coins, then it's a different story - a ton of quarters is worth $40,000, and one ton of pennies (363,000 pennies to be exact) is worth $3,630.
A term used to refer to the open orders held by floor brokers on futures exchanges. The deck consists of buy and sell orders for futures and options.In equity markets, this is also known as "the book."
The internationally standardized three-letter abbreviation for a country's currency. |||For example, the ISO Currency Code for the United States Dollar would be USD.
Slang used to refer to an "unofficial rule" under which the banking industry once operated, which alludes to it being noncompetitive and simplistic.The 3-6-3 rule describes how bankers would give 3% interest on depositors' accounts, lend the depositors money at 6% interest and then be playing golf at 3pm. This alludes to how a bank's only form of business is lending out money at a higher rate than what it is paying out to its depositors. Many attribute the problems faced by the banking industry during the events that lead up to the Great Depression as reasons why the government implemented tighter banking regulations. These regulations controlled the rates at which banks can lend and borrow money. Unfortunately, the regulations made it difficult for banks to compete with each other and the banking industry became stagnant. However, with the loosening of banking regulations and the widespread adoption of information technology such as the internet, banks now operate in a much more competitive and complex manner. For example, banks are now providing insurance, brokerage and other forms of financial services.
A slang term describing electronic messages from a company's executives that are of little value to the employee who has received it because it pertains to personnel that the employee is not involved with or projects that the employee does not work on. Adminispam is formed by the combination of the words "administration" and "spam," with the latter referring to unwanted communication. Adminispam messages highlight a disconnect between an administration's goal of remaining important in the eyes of the general employees and providing poignant messages that communicate necessary information. By sending a message to all employees that should have been sent to a small few, administrators clog up inboxes and can create a scenario in which future, and possibly important, emails from administrators are automatically disregarded.
The process of closing out positions that were originally put in place to act as a hedge in one's portfolio. De-hedging involves going back into the marketplace and closing out hedged positions, which were previously taken to limit an investor's risk of price fluctuations in relation to their underlying asset. De-hedging is done when holders of an underlying asset have a bullish outlook on their investment. Therefore, the investor would prefer to remove their hedged position to gain exposure to the expected upward price fluctuations of their investment. For example, a hedged investor in gold who feels the price of their asset is about to go up would buy back any gold futures contracts they had sold in the futures market. By doing this, the investor will have positioned themselves to reap the rewards of an increase in the price of gold if their bullish prediction on gold is correct.
A selling strategy in which the way a product or service is presented varies according to the type of consumer viewing it. Adaptive selling takes into account the situation in which the product or service is presented, the demographics of the consumer and feedback that has been received about the product or service. Adaptive selling can be an expensive strategy to use in retail, and thus is typically found in more upscale stores. The higher level of personalization requires better-trained personnel who are more costly. Adaptive selling has been effectively used in e-commerce, as computer algorithms are quickly able to see the products that a visitor views or ultimately purchases and can adapt to offer products the customer might also be interested in.
The currency abbreviation or the currency symbol for the Iceland Krona (ISK), the currency of Iceland. The krona is divided into 100 aurar and is often presented with the symbol kr. This currency has earned the nickname "Icelandic Crown" in the financial markets because of the word krona's relation to the latin word corona, meaning crown. |||The krona was first seen in 1922 in coin form, followed by notes in 1929. The currency was revaluated in 1981, and only whole kronur have been used since 2002. Currency trading was suspended during the Icelandic banking collapse in 2008.