INTERNATIONAL DEPOSITORY RECEIPT - IDR
A negotiable certificate issued by a bank which shows ownership of stock of the underlying stock of a foreign company, which the bank holds in trust. Known as the American Depository Receipt (ADR), it represents shares of quality issuers from numerous developed and emerging markets. IDRs in Europe is also called Global Depository Receipts, while in London, these are Luxembourg and Frankfurt exchanges.
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Equalization Payments
Payment the federal government made to an individual, province, or state to offset monetary imbalances between several parts of the country or indi ...
Seller
In the financial industry, a seller may be one of two things. First, it is an entity that may be an individual or a group that exchanges a product ...
SLL
SLL is the abbreviation for the currency in the Republic of Sierra Leone which is the Sierra Leone leone.
Error Term
Margin of error in a statistical and/or mathematical model created when the model fails to fully depict the actual connection between the independe ...
Treasury Bill - T-Bill
Short-term debt obligation with a maturity of less than one year. Backed by the US government, these debts are sold in denominations from $1,000 up ...
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