The course of action that will be taken by a party engaged in negotiations if the talks fail and no agreement can be reached. The term BATNA was coined by negotiation researchers Roger Fisher and William Ury in their 1981 bestseller "Getting to Yes: Negotiating Agreement Without Giving In." A party's BATNA refers to what they can fall back on if a negotiation proves unsuccessful. BATNAs may be developed for any situation that calls for negotiations, from negotiating a pay hike to resolving complex conflicts. While a BATNA may not always be easily identifiable, Fisher and Ury have outlined a simple three-step process for determining it: Develop a list of actions to take if no agreement is reached; convert the more promising ideas into practical options; and tentatively select the option that seems best.
An inventory profitability evaluation ratio that analyzes a firm's ability to turn inventory into cash above the cost of the inventory. It is calculated by dividing the gross margin by the average inventory cost and is used often in the retail industry. To illustrate: Gross margin return on investment is also know as the "gross margin return on inventory investment" (GMROII). This is a useful measure as it helps the investor, or management, see the average amount that the inventory returns above its cost. A ratio higher than 1 means the firm is selling the merchandise for more than what it costs the firm to acquire it. The opposite is true for a ratio below 1.For example, say a firm has a gross margin of $129,500 and an average inventory cost of $83,000. This firm's GMROI is 1.56, which means it earns revenues of 156% of costs.
The currency abbreviation or currency symbol for the Cambodian riel (KHR), the currency for Cambodia. The riel is made up of 100 sen and is often presented with the symbol (__). Although the riel has been used in two forms since its inception, no monetary system was used in Cambodia from 1975 to 1980. |||The Cambodian riel was first seen in 1953 and was divided into 100 centimes. These were changed to sen in 1959, but the riel was discontinued under the Khmer Rouge in 1975. It was reincepted in 1980 and is still in use today, although U.S. dollars are also often used in urban and tourist areas.
A stock that is believed to be a leading indicator of the direction of a sector, industry or market as a whole. Bellwether stocks are often used to determine the direction in which an industry or market is headed in the short term. Bellwether stocks are typically large-cap equities that when performing well signal a bullish market but when performing poorly may signal a bearish market. Many different stocks may be classified as bellwethers; however, shipping and rail stocks have historically been particularly good bellwethers for the U.S. economy.
An organization dedicated to the development of financial expertise with respect to divorce. The Academy of Financial Divorce Practitioners trains its members in the financial aspects of divorce, such as alimony, property settlements, child support and retirement assets. Members of the academy, known as certified financial divorce practitioners (CFDPs), supply unbiased financial expertise to facilitate equitable divorce proceedings. |||The Academy of Financial Divorce Practitioners provides its members with two avenues of training. Prospective CFDPs may train in the classroom or undergo a self-study program. The academy also supplies its members with specialized software for financial planning.
An order to buy or sell a security or commodity at a certain price for a certain period of time, unless it is canceled or changed. Good through is a type of limit order that can be set as GTW (Good-This-Week), GTM (Good-This-Month), or for any other specified period of time.
The currency abbreviation or currency symbol for the Kuwaiti dinar (KWD), the currency for Kuwait. The Kuwaiti dinar is made of 1000 fils. The dinar has the highest value of any currency in the world, with a value of US$3.42 or 2.63 euros as of April 22, 2009. |||The dinar was first seen in 1961, replacing the Gulf rupee. Iraq replaced the Kuwaiti dinar with the Iraqi dinar, and large amounts of Kuwaiti currency were "requisitioned" by invading Iraqi forces. After Kuwait regained its independence, it issued a new dinar currency that rendered the stolen currency obsolete.
A fall in the price of a stock, sector, or market, or investor sentiment that assumes a fall will happen soon. A bear tack is usually used to describe bearish movement in the short to medium term. In sailing, a tack is a maneuver in which a boat turns its bow to put the wind on the opposite side of the boat. A bear tack is a buzz word that is derived from this sailing term to explain a change in movement of a security or index.