Macro Accounting
What is 'Macro Accounting' Accounting for the total or aggregate economic activities of a nation. Macro accounting forms the basis for the official statistics that summarize a nation's economic development and performance, and looks at the whole economic picture rather than focusing on individuals or single companies. Also known as "national accounting. Explaining...
J. Harold Chandler
What is 'J. Harold Chandler' The current COO of Univers Workplace Benefits and a former president, CEO and chairman of disability insurance provider Unum Provident. In 1993, Chandler became president and CEO of Provident Life and Accident Company of America. Provident was doing poorly, but Chandler helped return the company to profitability through changes such as the...
OEX
What is 'OEX' The ticker symbol used to identify index options traded on the Standard & Poor's 100 index. OEX options are listed with a letter code indicating the month code for puts and calls, and a letter code indicating the strike price. Strike prices greater than five points use three letters to indicate which group of...
W-2 Form
What is the 'W-2 Form' The W-2 form is the form that an employer must send to an employee and the Internal Revenue Service (IRS) at the end of the year. The W-2 form reports an employee's annual wages and the amount of taxes withheld from his or her paycheck. Explaining 'W-2 Form' A W-4 is a form that individuals complete for...
K-Ratio
What is 'K-Ratio' A ratio that is used in the performance evaluation of an equity relative to its risk. The ratio examines the consistency of an equity's return over time. The data for the ratio is derived from a value added monthly index (VAMI), which tracks the progress of a $1,000 initial investment in the security being...
T-Account
What is a T-account A T-account is a visual representation of the ledger of a business or individual. It is so named because it looks like the letter T when drawn on a page. The left side of the T-account represents Debits and is typically labeled "left" or "L". The right side represents Credits and is typically labeled "right" or...
Ragnar Frisch
What is 'Ragnar Frisch' A Norwegian economist and joint winner in 1969 of the very first Nobel Prize in Economics, along with Jan Tinbergen, for his research in econometrics. Ragnar Frisch's other areas of research included time series, linear regression analysis, production theory and business cycles. He worked to establish economics as a science, founded the Econometric...
C-Share
What is C-Share and how does it work C-share is a type of mutual fund that allows investors to share in the unrealized gains or losses of the portfolio. The fund's sponsor typically sets aside a certain percentage of the assets to cover expenses, and the rest is available for investment. C-shares are often used by investors who are seeking...
MAD
What is 'MAD' In currencies, this is the abbreviation for the Moroccan Dirham. Explaining 'MAD' The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Further Reading The performance and impact of stock picks...
BRIC
DefinitionIn economics, BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be at a similar stage of newly advanced economic development. It is typically rendered as "the BRICs" or "the BRIC countries" or "the BRIC economies" or alternatively as the "Big Four". A related acronym, BRICS, adds...