Quarter On Quarter (QOQ)
What is a 'Quarter On Quarter - QOQ' 'Quarter-on-quarter' (QOQ) is a measurement technique that determines how much something has changed between one financial quarter and the preceding financial quarter. YOY is a metric that is comparable to the quarter-over-quarter (QoQ) measure, which compares the first quarter of one year (for example, the first quarter of 2005) to the same...
Hard Money Loan
DefinitionA hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, starting at 7.7%, because of the higher risk and shorter duration of the loan....
Canadian Institute Of Chartered Accountants (CICA)
What is 'Canadian Institute Of Chartered Accountants - CICA' A non-profit organization for accounting professionals in Canada. CICA has developed GAAP (generally accepted accounting principles) for Canadian accounting, and publishes guidance and educational materials on a number of accounting-related topics. It is one of the founding members of the International Federation of Accountants (IFAC) and the Global...
Index
An index is a statistical term that refers to changes in representative data points over a certain time period. The term can be applied in different fields including finance and economics. An index summarizes the change that occurs in different contexts. How Index is Important for Investors In the context of finance and economics, an index refers to a...
Jekyll and Hyde
DefinitionStrange Case of Dr Jekyll and Mr Hyde is a gothic novella by the Scottish author Robert Louis Stevenson first published in 1886. The work is also known as The Strange Case of Dr. Jekyll and Mr. Hyde, Dr. Jekyll and Mr. Hyde, or simply Jekyll & Hyde. It is about a London lawyer named Gabriel John Utterson who...
Bailee
DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another person who subsequently has possession of the property. It arises when a person gives property to someone else for safekeeping, and is a cause of action independent of contract or tort. Bailee What is...
Named Perils Insurance Policy
What is 'Named Perils Insurance Policy' A home insurance policy that only provides coverage on losses incurred to your property from hazards or events named on the policy. Named peril policies may be purchased as a less expensive alternative to a comprehensive coverage or broad policies, which are policies that tend to offer coverage to most perils....
Idle Funds
What is 'Idle Funds' Money that is not invested and, therefore, earning no interest or investment income. Idle funds are simply funds that are not deposited in an interest bearing or investment tracking vehicle, that is, not participating in the economic markets. These funds are often thought of as "wasted" funds, since they do not appreciate in...
Unbiased Predictor
What is 'Unbiased Predictor' The notion that the current market price of a physical commodity (its cash price or currency) will be equal to its anticipated future price based on the market's forward rate. Like anything that relies on interest rate projections, this outlook can change as economic conditions change. Explaining 'Unbiased Predictor' ...
Real Estate Operating Company (REOC)
What is ‘Real Estate Operating Company – REOC' A company that invests in real estate and whose shares trade on a public exchange. A real estate operating company (REOC) is similar to a real estate investment trust (REIT), except that an REOC will reinvest its earnings into the business, rather than distributing them to unit holders like REITs do. Also,...