PICK-AND-SHOVEL PLAY
A strategy in which investments are made in companies that are providers of needed equipment for an industry, rather than in the end product of an industry. A pick-and-shovel play, in practice, could be within the oil industry; an investor purchases stock in a company that manufactures seismic data equipment that exploration and production (E&P) companies need to find new oil and gas deposits, rather than on the E&P company itself.
POPULAR TERMS
Investment Strategy
An investor’s systematic attack plan to guide his investment decisions according to an individual’s financial goals, risk tolerance, an ...
American Jobs Creation Act of 2004
Designed for multinational corporations, domestic manufacturers and other entities, as well as energy sector and the agriculture. It has 270 provis ...
DOP
Currency abbreviation for the peso oro, Dominican Republic’s lone official legal currency. The currency is comprised of 100 centavos and is p ...
Short-Term Paper
Short-Term Paper is a kind of financial instrument. They usually have less than nine months in their original maturity and are issued with a discou ...
Endowment
Financial asset donated to a non-profit institution, in the form of investment funds or property, with the purpose at the donor’s bequest. Th ...
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