Knowledge Economy
DefinitionThe knowledge economy is the use of knowledge to generate tangible and intangible values. Technology, and in particular, knowledge technology, helps to incorporate part of human knowledge into machines. This knowledge can be used by decision support systems in various fields to generate economic value. Knowledge economy is also possible without technology. Knowledge Economy What is 'Knowledge Economy'...
Krugerrand Gold Coin
What is 'Krugerrand Gold Coin' A gold coin minted by the Republic of South Africa. Krugerrand gold coins contain exactly one troy ounce of gold. This coin was first minted in 1967 in order to stimulate the market for South African gold. It is considered legal tender within the country. Explaining 'Krugerrand Gold...
Key Ratio
What is 'Key Ratio' A mathematical ratio that illustrates and summarizes the current financial condition of a company. Key ratios can be used to easily obtain an idea of a company's financial status. Companies that are in good condition financially will have superior ratios to those that are performing poorly. Explaining 'Key Ratio'...
Keynesian Economics
DefinitionKeynesian economics are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand. In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy; instead, it is influenced by a host of factors and sometimes behaves erratically, affecting production, employment,...
Kiting
What is kiting and how does it work Kiting is a type of fraud where a financial instrument is used to obtain unauthorized credit. Kiting can take two forms: check kiting and money market kiting. Check kiting occurs when a person writes a check against their account, but the funds are not yet in the account. The person then deposits the...
Keidanren
What is 'Keidanren' A Japanese abbreviation for the Japan Federation of Economic Organizations. The Keidanren was created in 1946 to address the issues and concerns of Japanese businesses in the postwar world. The organization consisted of over 1,000 Japanese businesses, over 50 of which were foreign firms. Explaining 'Keidanren' The Keidenran was...
Kickback
What is a 'Kickback' A kickback is the payment of something of value to a recipient as compensation or reward for providing favorable treatment to another party. Explaining 'Kickback' A kickback can be legal or illegal. A common form of kickback, in the context of investing, is a commission rebate for investors who trade frequently. Further Reading Competition through commissions and kickbacks -...
Key Performance Indicators (KPI)
What are 'Key Performance Indicators - KPI' Key performance indicators (KPI) are a set of quantifiable measures that a company uses to gauge its performance over time. These metrics are used to determine a company's progress in achieving its strategic and operational goals, and also to compare a company's finances and performance against other businesses within its...
Kellogg School Of Management
Definition The Kellogg School of Management is the business school of Northwestern University in Evanston, Illinois, with additional campuses in downtown Chicago, Illinois and Miami, Florida. Kellogg offers MBA, MSMS, and PhD programs, along with dual-MBA/JD, dual-MBA/MDI, and MMM programs. Kellogg partners with schools in China, France, Singapore, India, Spain, Hong Kong, Israel, Germany, Canada, and Thailand. Kellogg School Of Management What...
Keefe Bank Index
What is 'Keefe Bank Index' An index of regional bank and money centers. The Keefe Bank Index is compiled by Keefe, Keefe, Bruyette and Woods, an investment banking firm in New York City that focuses on banking stocks. The banks in this index are weighted according to capitalization. Explaining 'Keefe Bank Index' The full...