VIX is a ticker symbol of the Chicago Board Exchange Volatility Index (CBOE). The index represents the expectation of the market volatility in next 30 days. It is developed using the implied volatilities of multiple S&P 500 index options....
What is an obligor
An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term can be used to refer to both individuals and businesses. An obligor may be the...
DefinitionThe CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Euronext Paris. It is one of the main national...
DefinitionC. Steven McMillan is an American businessman. He served as Chief Executive Officer of the Sara Lee Corporation from 2000 to 2005. C. Steven McMillan What is 'C. Steven McMillan' A former CEO of Sara Lee from...
What is 'AAAA Spot Contract' A standardized contract drawn up by the American Association of Advertising Agencies that governs the purchase of television or radio spots. The AAAA Spot Contract is generally between the advertising agency that...
What was 'QQQQ'
QQQQ was the previous ticker symbol for the Nasdaq 100 Trust, an ETF that trades on the Nasdaq. This security offers broad exposure to the tech sector by tracking the Nasdaq 100 Index, which consists of the...
What is the 'S&P 500 Mini' The S&P 500 mini is a derivative contract representing a designated fraction of the trading value of a standard S&P futures or options contract. Designed to expand the group of investors...
What is 'Z-Tranche'
The term "special kind of bond class" refers to a type of bond class in a sequential pay collateralized mortgage obligation. Interest and principal payments are deferred until all previous tranches of the bond have been fully...
What is 'KHR' The currency abbreviation or currency symbol for the Cambodian riel (KHR), the currency for Cambodia. The riel is made up of 100 sen and is often presented with the symbol (__). Although the riel...
What is 'Daily Trading Limit' The maximum gain or loss on a derivative contract, such as options and futures contracts, that is allowed in any one trading session. The limits are imposed by the exchanges in order...