Keogh Plan
DefinitionKeogh plans are a type of retirement plan for self-employed people and small businesses in the United States. Keogh Plan What is the 'Keogh Plan' A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. A Keogh plan can be set up as either a defined-benefit or defined-contribution plan,...
National Quotation Bureau (NQB)
What is 'National Quotation Bureau - NQB' A company established in 1913 to compile and publish price information on stocks and bonds traded in the over-the-counter market. The National Quotation Bureau (NQB) was formed by financial book publisher Arthur F. Elliot and financier Roger Ward Babson. NQB was sold to Commerce Clearing House in 1963, which sold...
VIX
VIX is a ticker symbol of the Chicago Board Exchange Volatility Index (CBOE). The index represents the expectation of the market volatility in next 30 days. It is developed using the implied volatilities of multiple S&P 500 index options. The volatility index is a popular metric that is used to gauge the market risk. Most industry experts call this...
Obligor
What is an obligor An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term can be used to refer to both individuals and businesses. An obligor may be the primary debtor, such as when an individual takes out a loan, or it may be a secondary party, such as...
CAC 40
DefinitionThe CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Euronext Paris. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Brussels' BEL20, Lisbon's PSI-20 and Amsterdam's AEX. CAC 40 What...
C. Steven McMillan
DefinitionC. Steven McMillan is an American businessman. He served as Chief Executive Officer of the Sara Lee Corporation from 2000 to 2005. C. Steven McMillan What is 'C. Steven McMillan' A former CEO of Sara Lee from 2000 to 2005. Sara Lee sells frozen and packaged foods, including baked goods, beverages and meat, along with household products...
AAAA Spot Contract
What is 'AAAA Spot Contract' A standardized contract drawn up by the American Association of Advertising Agencies that governs the purchase of television or radio spots. The AAAA Spot Contract is generally between the advertising agency that represents the client and the television or radio station. The contract spells out all relevant details of the purchase, such...
QQQQ
What was 'QQQQ' QQQQ was the previous ticker symbol for the Nasdaq 100 Trust, an ETF that trades on the Nasdaq. This security offers broad exposure to the tech sector by tracking the Nasdaq 100 Index, which consists of the 100 largest and most actively traded non-financial stocks on the Nasdaq. It is also known as "cubes" or the "quadruple-Qs,"...
S&P 500 Mini
What is the 'S&P 500 Mini' The S&P 500 mini is a derivative contract representing a designated fraction of the trading value of a standard S&P futures or options contract. Designed to expand the group of investors that could afford them, the S&P 500 Minis trade and act much like their pricier peers: the contracts are cash...
Z-Tranche
What is 'Z-Tranche' The term "special kind of bond class" refers to a type of bond class in a sequential pay collateralized mortgage obligation. Interest and principal payments are deferred until all previous tranches of the bond have been fully paid off. In a Z-tranche, any interest that is not paid is collected and added to the principal for the...