What is 'Tangible Net Worth'
It is most typically used to calculate a company's net worth by excluding any value generated from intangible assets, such as copyrights, patents, and intellectual property, from the computation. Tangible net worth may be calculated...
What is 'Management By Objectives - MBO'
Managers use management by objectives (MBO) to enhance the performance of their organizations. MBO is a management approach that tries to improve the performance of an organization by clearly identifying objectives that are...
What is a ‘Parity Price'
When the price of one asset is closely connected to the price of another asset, this is referred to as a parity price. Known as the parity pricing idea, it is used to both stocks...
Investment refers to buying financial assets with the expectation of earning profit in the future. The underlying asset is purchased not for immediate consumption, but to create wealth with the passage of time. An investor purchases an asset with...
What is 'Range Forward Contract'
It is a zero-cost currency forward contract that employs a variety of exchange rates rather than a single rate and has no transaction costs. It is designed in such a way that it gives complete...
What is 'Uncle Sam' A nickname dating back to 1812 used to refer to the U.S. government. The term is said to come from "Uncle Sam" Wilson, who provided barrels of beef to the U.S. Army during...
DefinitionOff-balance sheet, or Incognito Leverage, usually means an asset or debt or financing activity not on the company's balance sheet. Total return swaps are an example of an off-balance sheet item. Off-Balance-Sheet Financing What is 'Off-Balance-Sheet Financing' ...
A Long, or a long position, is an investment term that relates to securities such as currency, commodity, and stocks. Individuals that take the long position believe that the market will improve in the near future. The opposite of...
What is 'Economic And Social Stabilization Fund - Chile' The Economic and Social Stabilization Fund is a government-owned investment organization that manages a sovereign wealth fund for the government of Chile. The funds deposited in the ESSF...
DefinitionIn economics, an absentee landlord is a person who owns and rents out a profit-earning property, but does not live within the property's local economic region. The term "absentee ownership" was popularised by economist Thorstein Veblen's 1923 book of...