Tag: book
Karl Albrecht
DefinitionKarl Hans Albrecht was a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo. He was for many years the...
Quick Ratio
DefinitionIn finance, the acid-test or quick ratio or liquidity ratio measures the ability of a company to use its near cash or quick assets...
Dealer
What is a 'Dealer' A dealer is a person or firm in the business of buying and selling securities for their own...
Laughing Heir
DefinitionIn the law of inheritance, a laughing heir is an heir who is legally entitled to inherit the property of a person who has...
Lady Godiva Accounting Principles (LGAP)
What is 'Lady Godiva Accounting Principles - LGAP' A theoretical set of accounting principles under which corporations would have to fully disclose...
Late-Day Trading
What is 'Late-Day Trading' An unethical (if not illegal) practice of a hedge fund purchasing and then selling securities (usually shares of...
Lady Macbeth Strategy
What is 'Lady Macbeth Strategy' A corporate-takeover strategy with which a third party poses as a white knight to gain trust, but...
Lanchester Strategy
What is 'Lanchester Strategy' A war strategy that has been successfully applied in the business context to entering new markets. The strategy...
Easy Money
What is 'Easy Money' Easy money, in academic terms, denotes a condition in the money supply. Easy money occurs when the U.S....
Economic Efficiency
DefinitionEconomic efficiency is, roughly speaking, a situation in which nothing can be improved without something else being hurt. Depending on the context, it is...