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...
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,...
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'...
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...
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...
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...
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...
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...
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,...
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...