A contingent asset is a potential economic benefit that is dependent on future events out of a company’s control. Not knowing for certain whether these gains will materialize, or being able to determine their precise economic value, means these assets
The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada. The agency is responsible for the supervision and regulation of banks, insurance companies, and trust and loan companies. They also
Fixed capital includes the assets and capital investments, such as property, plant, and equipment (PP&E), that are needed to start up and conduct business, even at a minimal stage. These assets are considered fixed in that they are not consumed
Exogenous growth, a key tenet of neoclassical economic theory, states that growth is fueled by technological progress independent of economic forces. Both the exogenous growth and endogenous growth theories are part of the neoclassical growth models.
MSCI is an acronym for Morgan Stanley Capital International. It is an investment research firm that provides stock indexes, portfolio risk and performance analytics, and governance tools to institutional investors and hedge funds. MSCI is perhaps best
An asset swap is similar in structure to a plain vanilla swap with the key difference being the underlying of the swap contract. Rather than regular fixed and floating loan interest rates being swapped, fixed and floating assets are being exchanged.
An axe (or axe to grind) is the interest that a trader shows in buying or selling a security that is typically already on his books. If a trader holds a long position, but has short-term concerns, that trader’s axe toward short-term put options may
A statute of limitations is a law that sets the maximum time the parties involved have to initiate legal proceedings from the date of an alleged offense, whether civil or criminal. However, the length of time the statute allows for a victim to bring
Grunt work is an expression used to describe thankless and menial work. Grunt work can also refer to jobs that lack glamour and prestige or are boring and repetitive. On Wall Street, grunt work could entail combing through a company’s financial
Online banking allows a user to conduct financial transactions via the Internet. Online banking is also known as Internet banking or web banking.