COMMODITY
- Basic good used in commerce interchangeable with another product of the same type. These are most commonly used as inputs in producing other goods or services. Quality may vary from one commodity to the other, but is uniform across producers in essence. Commodities must also meet stated minimum standards or basis grade when traded on an exchange.
- Product being traded on a commodity exchange, including financial instruments, foreign currencies, and indexes.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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