Katie Couric Clause What is 'Katie Couric Clause' A slang term for a controversial proposed clause from a Securities and Exchange Commission (SEC) rule (formally known as the Executive Com

York Antwerp Rules What is 'York Antwerp Rules' A set of maritime rules that outline the rights and obligations of ship and cargo owners when cargo must be jettisoned to save a ship. The Y

Impaired Capital What is 'Impaired Capital' 1. When a bank's actual assets are worth less than their stated value. When a bank has impaired capital, this capital can be liquidated if the b

National Securities Clearing Corporation (NSCC) What is 'National Securities Clearing Corporation - NSCC' A subsidiary of the Depository Trust & Clearing Corporation (DTCC) that provid

One Percent Rule What is 'One Percent Rule' A rule of thumb used to determine if the monthly rent earned from a piece of investment property will exceed that property's monthly mortgage pa

National Market System (NMS) What is a 'National Market System - NMS' A national market system (NMS) is a system with two main functions: 1. To facilitate trading of OTC stocks whose siz

DefinitionAn Official Committee of Equity Security Holders is a group of shareholders formed to represent a larger group of shareholders' interests in a company's bankruptcy proceedings. Off

Office Of The Comptroller Of The Currency (OCC) What is 'Office Of The Comptroller Of The Currency - OCC' A U.S. federal agency that serves to charter, regulate and supervise the national

Ability To Repay What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was used in the Explaining 'Ability To

DefinitionAn accredited or sophisticated investor is an investor with a special status under financial regulation laws. The definition of an accredited investor, and the consequences of bein