Investment

/Investment

fat-finger error

fat-finger error: a keyboard error made when the originator of the message or transaction presses the wrong key or keys; often referring to the cause of a significant error in a finance or securities transaction. *** TROVELOG ***  [Deutsche Bank AG] inadvertently transferred 28 billion euros ($35 billion) to one of its outside accounts, Bloomberg News has [...]

BRIC

acronym for the four large, rapidly growing economies of Brazil, Russia, India, China          Jim O’Neill, the chairman of Goldman Sachs Asset Management . . . is perhaps best known as the economist who nearly a decade ago coined the acronym BRIC — for Brazil, Russia, India and China — developing economies that, [...]

Apple/ cash

       [Some Apple investors have] deep frustrations over Apple's cash pile, a $50 billion lode that is expected to swell to $70 billion by year-end. The vast sum exceeds the gross domestic product of two-thirds of the world's countries—and all but 36 of the market values of companies in the Standard & Poor's 500-stock [...]

bad-boy guarantee

a provision in a commercial real estate loan agreement that holds individual developers personally liable for the loan if their borrower company should file for bankruptcy.        The commercial real estate market is being hobbled by billions of dollars in distressed debt, and some experts are pointing to a provision in many loans — [...]

fat finger

a keyboard error made by a securities trader who pushes the wrong key or keys when entering a trade.        In a day short of major U.S. data, the bond market was jolted during the midmorning session as talk circulated in the market that an investor made a mistake—known as a "fat finger" error—on a [...]

Categories: Business, Finance, Information Technology, Investment, WORDS|

grease payments

small payments that are made by a foreign company in some countries to facilitate the initiation of certain services.   The new [British] law, called the Bribery Act, takes effect in April [2011]. It resembles the U.S. Foreign Corrupt Practices Act [FCPA], which bars companies that trade on U.S. exchanges from bribing foreign government officials [...]

food desert

a low-income urban, suburban or rural area where there are limited vendors of fresh produce but often numerous fast-food outlets     For cities, one particular problem is "food deserts" – low-income areas where the prevalent food options are chips and soda at corner stores instead of leafy green vegetables at supermarkets.   See article at: CSM 14Feb11 - The [...]

ghost/ shadow inventory

homes financed by mortgage loans on which no payments are being made but have yet to be listed in a foreclosure sale.   [R]eal estate agents and mortgage brokers wary of optimism are focusing on a new term that has entered the housing lexicon: ghost inventory. Banks appear to be sitting on thousands of homes [...]