JOD (Jordanian Dinar)
What is 'JOD' The currency abbreviation or currency symbol for the Jordanian Dinar (JOD), the currency for Jordan. The dinar is made up of 10 dirham, 100 qirsh or 1000 fils and has no official symbol, but is often presented with the informal notation (JD). The dinar is also circulated on Israel's West Bank. Explaining...
Babcock Graduate School of Management
DefinitionThe Wake Forest University School of Business was formerly the Babcock Graduate School of Management and the Calloway School of Business and Accountancy. Established in 1969, the Babcock School admitted its first classes of full-time and executive students in 1971 and presented its first graduating class in 1973. The Babcock School was established with a gift from the Mary...
Jackpot
What is 'Jackpot' A jackpot is the top prize in a game of chance; jackpots can be anything, including money, cars and houses. In terms of investing, a jackpot also occurs when an investor reaps a sudden windfall from a previous investment. Two commons ways an investor gets a jackpot is when a company's stock soars through...
What are Fixed Interest Rates
What are Fixed Interest Rates There are several factors involved when you obtain a loan. For instance, when you look for a mortgage, considerations include the offer, property taxes, and HOA fees. The most important of these is the interest rate connected with the type of home loan you choose. There are a few ways this is presented...
G7 Bond
What is 'G7 Bond' A term used to refer to government bonds issued by a nation in the Group of Seven (G7). A G7 bond is considered relatively less risky than bonds issued by nations outside the G7. The G7 nations are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. All...
Wage Assignment
What Is a Wage Assignment? A wage assignment is an agreement in which an employer assigns its right to a certain amount of wages to an employee when he or she is in default. A wage assignment is valid for three years from the date of execution and two years if the employee changes jobs. The process begins when an...
W-Shaped Recovery
What is 'W-Shaped Recovery' An economic cycle of recession and recovery that resembles a "W" in charting. A W-shaped recovery represents the shape of the chart of certain economic measures such as employment, GDP, industrial output, etc. A W-shaped recovery involves a sharp decline in these metrics followed by a sharp rise back to the previous peak,...
FICO Score
FICO score is one to the measures that are used by the lenders to assess the credit risk of an applicant, and then decide whether to extend loan to them or not. FICO score makes an important part of the credit report. An acronym for Fair Isaac Corporation, the FICO score is one of the types of credit score....
C Corporation
What is a C Corporation A C corporation is a business structure in which the company's shareholders own its assets and are liable for its debts. The main advantage of this structure is that it offers limited liability protection to the shareholders, meaning they are not personally responsible for the debts of the corporation. This can be a valuable asset...
LAK (Lao Kip)
What is 'LAK' The currency abbreviation or currency symbol for the Lao kip (LAK), the currency of Laos. The kip is made up of 100 att, and is often presented with the symbol (__). The first kip coins minted in 1952 had holes in the center like chinese coins. Explaining 'LAK' The kip was...