Mac Crawford

What is 'Mac Crawford' Former CEO, president and chairman of Nashville-based Caremark, a mail-order pharmaceutical and pharmacy benefits management company. In 1997, Mac Crawford became president and CEO of physician-practice management company MedPartners. When he joined MedPartners, it was struggling with operating losses and a high level of debt. It sold most of its physician-practice management companies...

TAPO

What is 'TAPO' An option in which the profit or loss to the investor is based not solely on the price of the underlying asset at expiration, but on the difference between the strike price and the average price of the underlying asset during the option's term. A TAPO, Traded Average Price Option, (traded average price option)...

J-Curve Effect

DefinitionA J curve is any of a variety of J-shaped diagrams where a curve initially falls, then steeply rises above the starting point. J-Curve Effect What is the 'J-Curve Effect' The J-curve effect is a type of diagram where the curve falls at the outset and eventually rises to a point higher than the starting point, suggesting...

KES (Kenyan Shilling)

What is 'KES' The currency abbreviation or currency symbol for the Kenyan shilling (KES), the currency for Kenya. The Kenyan shilling is made up of 100 cents and is often presented with the symbol (KSh). The Kenyan shilling is the strongest and most stable shilling in east Africa and is often used in unstable regions of Sudan...

Paid-Up Capital

What is 'Paid-Up Capital' Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is only created when a company sells its shares on the primary market directly to investors. When shares are bought and sold between investors on the secondary market, no additional paid-up capital...

Z-Test

What is a 'Z-Test' A z-test is a statistical test used to determine whether two population means are different when the variances are known and the sample size is large. The test statistic is assumed to have a normal distribution, and nuisance parameters such as standard deviation should be known for an accurate z-test to be performed....

LBP (Lebanese Pound)

What is 'LBP' The currency abbreviation or currency symbol for the Lebanese pound (LBP), the currency for Lebanon. The Lebanese pound is made up of 100 qirsh or piastres, and is often presented with the symbol (__). This currency is also called lira in Arabice or livre in French, and all notes and coins are printed and...

P-Value

DefinitionIn statistical hypothesis testing, the p-value or probability value or asymptotic significance is the probability for a given statistical model that, when the null hypothesis is true, the statistical summary would be the same as or of greater magnitude than the actual observed results. The use of p-values in statistical hypothesis testing is common in many fields of research...

NASDAQ Global Market Composite

What is 'NASDAQ Global Market Composite' An index made up of stocks that represent the Nasdaq Global Market. The NASDAQ Global Market Composite consists of 1,450 stocks that meet Nasdaq's strict financial and liquidity requirements, and corporate governance standards. The Global Market Composite is less exclusive than the Global Select Market Composite. Explaining 'NASDAQ Global...

V-Shaped Recovery

V-shaped recovery

What is V-shaped Recovery A V-shaped recovery is when an economy rebounds quickly after a sharp decline. The name comes from the shape of the resulting economic graph, which looks like a "V." A V-shaped recovery is the best case scenario for an economy that has experienced a downturn. Following a sharp decline, economic activity will rebound quickly and return...