Macaulay Duration
What is The 'Macaulay Duration' The Macaulay duration is the weighted average term to maturity of the cash flows from a bond....
Paired Shares
What is 'Paired Shares' The stock of two separate companies that are under the management or supervision of a single corporation. Paired...
Radner Equilibrium
What is 'Radner Equilibrium' A theory suggesting that if economic decision makers have unlimited computational capacity for choice among strategies, then even...
Year-End Bonus
What is 'Year-End Bonus' A reward paid to an employee at the end of the year. Many year-end bonuses are tied to...
Yankee Market
What is 'Yankee Market' A slang term for the stock market in the United States. Yankee market is usually used buy non-U.S....
Objective Probability
What is 'Objective Probability' The probability that an event will occur based an analysis in which each measure is based on a...
Yacht Insurance
Yacht Insurance What is 'Yacht Insurance ' An insurance policy that provides indemnity liability coverage on pleasure boats. Yacht insurance includes...
Racketeering
DefinitionA racket is a planned or organized criminal act, usually in which the criminal act is a form of business or a way to...