MR. COPPER
A trader in the copper who lost more than $2.5 billion for Sumitomo Corp. in Japan, his employer. The losses accumulated from unauthorized trading in secret accounts from 1985 to 1996. Also known as Yasuo Hamanaka or referred to as Mr. 5% because he once controlled 5% of the world copper market.
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Tag-Along Rights
Investment agreement provision protecting a minority stakeholder, normally in a venture capital deal. If a majority shareholder sells his or her st ...
Fiduciary
An individual who is legally appointed to hold assets in trust for another person. He or she manages the assets for the other person’s benefi ...
Coincident Indicator
Metric showing the current status of economic activity within a certain area. Indicators include employment, average weekly hours worked in manufac ...
Jumbo Loan
A mortgage with a loan amount that exceeds the conforming loan limits fixed by the Office of Federal Housing Enterprise Oversight (OFHEO). The agen ...
Form 4
A document that needs to be filed with the SEC when there is a material change in the company insiders’ holdings. Directors and officers of t ...
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