Valuable Papers Insurance
What is 'Valuable Papers Insurance' A special type of property-casualty insurance. Valuable papers insurance will reimburse the policyholder for the monetary value of any valuable papers that are lost for any reason, such as wills, trusts or corporate charters. It is often purchased by corporations, small businesses and wealthy persons. Explaining 'Valuable Papers Insurance' ...
Paid In Capital
DefinitionPaid in capital refers to capital contributed to a corporation by investors through purchase of stock from the corporation. It includes share capital as well as additional paid-in capital. Paid In Capital What is 'Paid In Capital' Paid-in capital is the amount of capital "paid in" by investors during common or preferred stock issuances, including the par...
S-3 Filing
What is an S-3 Filing An S-3 filing is a SEC registration form that allows companies to issue securities that are not registered under the Securities Act of 1933. This form is available to companies that meet certain requirements, including being up-to-date with their SEC filings and having a public float of at least $75 million. The S-3 filing process...
EBITDA – Earnings Before Interest, Taxes, Depreciation and Amortization
What is 'EBITDA - Earnings Before Interest, Taxes, Depreciation and Amortization' EBITDA stands for earnings before interest, taxes, depreciation and amortization. EBITDA is one indicator of a company's financial performance and is used as a proxy for the earning potential of a business, although doing so has its drawbacks. Further, EBITDA strips out the cost of debt capital and its...
Labor-Sponsored Venture Capital Corporations (LSVCC)
What is 'Labor-Sponsored Venture Capital Corporations - LSVCC' A type of Canadian corporation created by a labor union that deals exclusively with providing venture capital. Unlike other venture capital corporations, LSVCCs are subject to tight regulations. The investment funds from LSVCCs are called labor-sponsored investment funds (LSIFs). Explaining 'Labor-Sponsored Venture Capital Corporations - LSVCC' ...
A. Michael Spence
DefinitionAndrew Michael Spence is an American economist and recipient of the 2001 Nobel Memorial Prize in Economic Sciences, along with George Akerlof and Joseph E. Stiglitz, for their work on the dynamics of information flows and market development. A. Michael Spence What is 'A. Michael Spence' An American economist who has won the Nobel Memorial Prize in...
Qualification Ratio
What is 'Qualification Ratio' Ratio of debt to income and housing expense to income that is used by mortgage lenders to determine a borrower's credit-worthiness for certain loan amounts. Generally, a borrower's debt-to-income ratio, which includes housing expenses plus long-term debt, cannot exceed 36% of the person's monthly gross income. Housing expenses alone, which include home owner's...
Zaraba method
What is ‘Zaraba method' Zaraba method is a method of matching orders that involves using an auction-like process to trade securities. The orders are organized by both their prices and the time that they were taken. As soon as an order for a security is delivered, it is compared and matched with orders already in the order book. When a...
IE Business School
DefinitionIE Business School is a graduate school located in Madrid, Spain. It was founded in 1973 under the name Instituto de Empresa and since 2009 is part of IE University. IE Business School runs MBA, Executive MBA, master's degree programs in finance and management, executive education programs, PhD and DBA programs. IE Business School What is 'IE Business...
JAJO
What is 'JAJO' An acronym that represents the months of January, April, July and October. Many companies that pay dividends announce their intentions to pay them – or declare a dividend payable on a certain date – four times per year, in January, April, July and October, the months included in JAJO. Explaining 'JAJO' ...