LOMBARD RATE
The interest rate charged to banks by Deutsche Bundesbank, Germany’s central bank, for collateralized loan obligations that is used as upper limit daily money rates. It is mostly applied in international equities not so much US equities or equities from other countries. The term pertains to the initial medieval bankers from the Italian Lombard region who were originally Germans.
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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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Digesting Financial Statements: Pension Plans
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