Articles Index
Microfinance
Microfinance is the lending of small amounts to spur the development of small businesses in poor countries.
Product
What constitutes a Product in the Financial Services industry.
Private Banking
A definition of private banking, also sometimes called high net worth banking. Also describes the role of a private banker.
Production Credits
Definition of Production Credits, a metric for Financial Advisor compensation.
Layaway
Layaway plans are an old means for helping consumers finance purchases. As opposed to credit sales, layaway requires the consumer to pay in full before taking possession of the goods.
Living Wills
In everyday usage, living wills are advance medical directives given by individuals in anticipation of contingency during which they may severly ill or injured and unable to speak for themselves. Now the phrase has begun to be used by regulators with respect to financial institutions.
Private Client
What constitutes a Private Client.
Margin Loans
The definition of margin loans.
MBS
A mortgage backed security, or MBS, is a debt instrument backed by home mortgages.
Nudging
Nudging is a psychological term. It refers to the attempt to influence behavior by carefully selecting the choices that are presented to people.
Layering
Layering is a market manipulation technique that is related to spoofing.
Junk Bond Finance
Junk bond finance is a phrase that gained currency in the 1980s, referring to the issuance of high yield bonds to supply funding for small, unseasoned companies or to raise the capital to support corporate takeover bids, including leveraged buyouts.
Leveraged Loan
A leveraged loan is one extended to a borrower that is already highly-indebted or to a non-investment grade corporation.
Lehman Wave
The Lehman Wave is a phrase being used by Dutch researchers to describe a process by which small fluctuations in demand at the end of a long manufacturing supply chain can be magnified greatly by time changes in order volume filter back to the beginning of that chain. This research has important implications for manufacturing scheduling, inventory management, and budgeting.
NPV
Calculating NPV is a method for evaluating projects or investments. It is an application of a fundamental concept in economics and finance called the Time Value of Money.
The Kovel Rule
The Kovel Rule is a legal principle that extends lawyer-client confidentiality to include other sources of expert advice, most notably accountants. The IRS has been moving aggressively to limit the applicability of the Kovel Rule.
Mobile Banking
In many developing countries transferring prepaid mobile phone (cell phone) credits are being used as a way to move money more swiftly and securely than the antiquated and inconvenient banking, postal and transportations systems in these countries would otherwise allow.
Longevity Swaps
Longevity swaps are a device for controlling the risk that payers of pensions and annuities face if the beneficiaries live longer than anticipated.
Predictive Models
Predictive models are essential quantitative tools with a wide variety of applications in finance and business.
Patent Trolls
Patent trolls are individuals or institutions that invest in patents for the stream of royalty income that they can provide. The trading of patents is becoming an increasingly important as an alternative investment.
Proprietary Trading
proprietary trading, traders, prop trading
Movie Derivatives
Movie derivatives are a new financial product designed to hedge the considerable financial risks associated with producing, distributing and exhibiting movies.
Producer
Definition of Producer.
Matrix Reporting
Matrix reporting is a situation in which an individual has more than one boss. It is a common arrangement for members of financial staff.
Merrill Edge
Merrill Edge is an online discount brokerage service from Merrill Lynch.