Kondratiev Wave
Definition In economics, Kondratiev waves are hypothesized cycle-like phenomena in the modern world economy. Kondratiev Wave What is 'Kondratiev Wave' An economic theory created by Soviet economist Nikolai Kondratiev that states that Western capitalist economies are susceptible to high performance volatility. Also known as "Kondratiev cycle". Explaining 'Kondratiev Wave' Kondratiev called these large performance fluctuations "super-cycles," which last 50-60 years. Kondratiev claimed to have predicted in...
Kuala Lumpur Stock Exchange (KLS) .KL
What is 'Kuala Lumpur Stock Exchange (KLS) .KL' The former name for what became the Bursa Malaysia in 2004, the Kuala Lumpur Stock Exchange was established in 1976. Its precursors were the Singapore Stockbrokers' Association, which was established in 1930 and went through several name changes over the years. Its main index is the Kuala Lumpur Composite...
Key Rate
What is a key rate and why is it important A key rate is a specific interest rate that is closely watched by investors because it can give clues about the future direction of monetary policy. The most well-known key rate in the United States is the federal funds rate, which is the rate at which banks lend money to...
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 Compensation and Related Party Disclosure). This clause, if implemented, would require publicly-traded companies to disclose not only the salaries of their top five executives, but also those of top earning non-executives,...
Kakaku Yusen
What is 'Kakaku Yusen' The system of pricing that is used by the Tokyo Stock Exchange. Under the Kakaku Yusen system, a lower-priced trade is given priority over a higher-priced trade for a sell order. Conversely, higher-priced trades take precedence over lower-priced trades for buy orders. Explaining 'Kakaku Yusen' The Kakaku Yusen...
Klinger Oscillator
What is 'Klinger Oscillator' A technical indicator developed by Stephen Klinger that is used to determine long-term trends of money flow while remaining sensitive enough to short-term fluctuations to enable a trader to predict short-term reversals. This indicator compares the volume flowing in and out of a security to price movement, and it is then turned into an oscillator. Explaining 'Klinger...
Kondratieff Wave
Definition In economics, Kondratiev waves are hypothesized cycle-like phenomena in the modern world economy. Kondratieff Wave What is 'Kondratieff Wave' A long-term cycle present in capitalist economies that represents long-term, high-growth and low-growth economic periods. This theory was founded by Nikolai D. Kondratieff (also spelled "Kondratiev"), a Communist Russia era economist who noticed an approximately 50-year cycle in European agricultural commodity prices and...
KZT (Kazakhstan Tenge)
What is 'KZT' The currency abbreviation or currency symbol for the Kazakhstan tenge (KZT) is for the currency of Kazakhstan. The tenge is made of 100 tiyn and is often presented with the symbol (__). The name of the currency denotes a set of equal scales. Explaining 'KZT' The tenge was first seen in...
Knock-Out Option
What is a 'Knock-Out Option' A knock-out option is an option with a built-in mechanism to expire worthless if a specified price level is exceeded. A knock-out option sets a cap to the level an option can reach in the holder's favor. As knock-out options limit the profit potential for the option buyer, they can be purchased...
Khazanah Nasional Berhad
DefinitionKhazanah Nasional Berhad is the sovereign wealth fund of the Government of Malaysia. Khazanah Nasional Berhad What is 'Khazanah Nasional Berhad' The Khazanah Nasional is a government-owned investment organization that manages the sovereign wealth fund for the Government of Malaysia and was incorporated in 1993. The sole shareholder is the Malaysian Ministry of Finance. According to the...