DefinitionIn marketing terminology, a killer application is any computer program that is so necessary or desirable that it proves the core value of some larger technology, such as computer h

Key Rate What is 'Key Rate' The specific interest rate that determines bank lending rates and the cost of credit for borrowers. The two key interest rates in the United States are the disc

Kicking The Tires What is 'Kicking The Tires' A slang term for researching an investment before putting any money into it. The process of kicking the tires for a stock might include readin

Hart-Scott-Rodino Antitrust Improvements Act Of 1976 What is 'Hart-Scott-Rodino Antitrust Improvements Act Of 1976' A U.S. law enacted by President Ford that requires large companies to fi

Halo Effect What is the 'Halo Effect' The halo effect is a term used in marketing to explain the bias shown by customers toward certain products because of a favorable experience with othe

Hard Skills What are 'Hard Skills' Hard skills are specific, teachable abilities that can be defined and measured, such as typing, writing, math, reading and the ability to use software pr

Yield Variance What is 'Yield Variance' Yield variance is the difference between actual output and standard output of a production or manufacturing process, based on standard inputs of mat

DefinitionIn common law jurisdictions, an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale of products or real property, due to the cir

DefinitionNational treatment is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment, if a sta

National Market System Plan (NMSP) What is 'National Market System Plan - NMSP' A nationwide system used in the United States for the selection and reservation of securities symbols, and a