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Investments glossary

United States V. The South-Eastern Underwriter Association

The United States v. The South-Eastern Underwriter Association is a seminal United States Supreme Court case involving the federal antitrust statute and the insurance industry. United States v. The South-Eastern Underwriter Association (322 U.S. 533), read more

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Investments glossary

Long-Term Equity Anticipation Securities – LEAPS

Long-term equity anticipation securities (LEAPS) are publicly traded options contracts with expiration dates that are longer than one year. As with all options contracts, a LEAPS grant a buyer the advantage, but not the necessity, to purchase or sell—depending read more

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Investments glossary

Tying

Tying is an often illegal arrangement where, in order to buy one product, the consumer must also purchase another product that exists in a separate market. Tying falls under the wider legal umbrella of illegal competition that was originally censured read more

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Investments glossary

U.S. Savings Bond Adjustment

U.S. savings bond adjustment is an adjustment in the current amount of interest income on a U.S. savings bond. In some cases, a taxpayer may have already reported a portion of the interest that was earned and must therefore reduce the current amount read more

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Investments glossary

Trough

A trough, in economic terms, can refer to a stage in the business cycle where activity is bottoming, or where prices are bottoming, before a rise.

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Investments glossary

Cover Letter

A cover letter is a written document commonly submitted with a job application outlining the applicant’s credentials and interest in the open position. Since a cover letter is often one of only two documents sent to a potential employer, a well- read more

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Investments glossary

Accredited In Business Valuation – ABV

Accredited in Business Valuation (ABV) is a professional designation awarded to a CPA who specializes in calculating the value of businesses. The ABV certification is overseen by the American Institute of Certified Public Accountants (AICPA) and requires read more

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Investments glossary

Natural Monopoly

A natural monopoly is a type of monopoly that exists due to the high start-up costs or powerful economies of scale of conducting a business in a specific industry. A company with a natural monopoly might be the only provider or a product or service read more

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Investments glossary

Project Finance

Project finance is the funding (financing) of long-term infrastructure, industrial projects, and public services using a non-recourse or limited recourse financial structure. The debt and equity used to finance the project are paid back from the read more

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Investments glossary

Value Line Composite Index

The Value Line Composite Index is a stock index containing approximately 1,675 companies from the NYSE, American Stock Exchange, Nasdaq, Toronto, and over-the-counter markets. The Value Line Composite Index has two forms: The Value Line Geometric read more