ZZZZ Best

ZZZZ Best

What was the 'ZZZZ Best' ZZZZ Best was a bankrupt firm that was owned by Barry Minkow in the 1980s and is now in receivership. Minkow and his friends created the appearance of a multi-million dollar firm by forging documents and stealing property. The initial public offering (IPO) of ZZZZ Best took place in December 1986, and the company attained...

Yankee Certificate Of Deposit

What is 'Yankee Certificate Of Deposit' A certificate of deposit issued by a foreign bank in the United States. As they usually have a minimum face value of $100,000, Yankee certificates of deposit are generally used by institutional and other large investors looking to invest funds in instruments with a relatively high degree of safety, although they...

S&P Phenomenon

What is 'S&P Phenomenon' The tendency for a stock that has been recently added to the S&P composite index to experience a temporary price increase. The S&P index to which this phenomenon refers to is the S&P 500 – the Standard & Poor's index that is based on 500 leading companies in predominant industries of the U.S....

XDIS

DefinitionThe Independence Party is a liberal-conservative and Eurosceptic political party in Iceland. It is currently the largest party in the Althing, with 16 seats. The chairman of the party is Bjarni Benediktsson. The secretary of the party is Áslaug Arna Sigurbjörnsdóttir. XDIS What is 'XDIS' A symbol used specifically upon the consolidated tape to indicate a security...

Rafael Miranda Robredo

What is 'Rafael Miranda Robredo' A former CEO of Spanish electricity company Endesa. Born in Spain in 1949, Roberdo worked for Tudor and Campofrio before joining Endesa in 1987 as a managing director. In 1997 he became Endesa's CEO. In 1998, Spain began deregulation of its electricity sector, and Roberdo had to reinvent the company under changing...

Daily Chart

What is 'Daily Chart' A line graph that displays the intraday movements of a given security. This contrasts to longer term charts, such as those that show a security's movement over a period of days, months or even years. Explaining 'Daily Chart' Daily charts display all of the price movement for the period and...

AC-DC Option

What is 'AC-DC Option' A derivative that gives an investor the right - but not the obligation - to buy (call) or sell (put) a security at a certain price (strike), and in which the investor makes the buy or sell decision at a specific time after the option is in force, rather than at the time...

W-9 Form

DefinitionForm W-9 is used in the United States income tax system by a third party who must file an information return with the Internal Revenue Service. It requests the name, address, and taxpayer identification information of a taxpayer. W-9 Form What is a 'W-9 Form' A W-9 form is an Internal Revenue Service (IRS) form, also known...

A-B Trust

What is 'A-B Trust' A trust created by a married couple with the objective of minimizing estate taxes. An A-B trust is is a trust that divides into two upon the death of the first spouse. It is formed with each spouse placing assets in the trust and naming as the final beneficiary any suitable person except...

B-Share

B-share

What is B-Share and how does it work B-share is a type of stock that is typically issued by foreign companies that are listed on a U.S. exchange. B-shares usually have the same economic rights as other shares of the same company, but they may have different voting rights. They may also be subject to different tax treatment. B-shares were...