MONETARY RESERVE
A government's stockpile of foreign currency and commodities like gold and silver. These are used to back up the national currency and provide cushion for administering central banking functions such as adding to the money supply and settling foreign exchange contracts in domestic currencies. Generally speaking, the bigger the monetary reserve, the better the nation is capable in engaging in transactions with foreign countries.
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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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