Identifiable Asset What is an 'Identifiable Asset' An identifiable asset is an asset of an acquired company that can be assigned a fair value and can be reasonably expected to provide a be

National Market System Plan (NMSP) What is 'National Market System Plan - NMSP' A nationwide system used in the United States for the selection and reservation of securities symbols, and a

National Market System (NMS) What is a 'National Market System - NMS' A national market system (NMS) is a system with two main functions: 1. To facilitate trading of OTC stocks whose siz

Management Discussion and Analysis (MD&A) What is the 'Management Discussion and Analysis - MD&A' Management discussion and analysis (MD&A) is the section of a company's annual report

Bagel Land What is 'Bagel Land' A slang term that represents a stock or other security that is approaching $0 in price. Arriving in bagel land is usually the result of one or more major bu

Variable Interest Entity (VIE) What is a 'Variable Interest Entity - VIE' A variable interest entity (VIE), as reported by the U.S. Financial Accounting Standards Board (FASB), is an entit

Tape Is Late What is 'Tape Is Late' A situation on the trading floor where trading volume is so heavy that the real-time ticker quotes are delayed by a minute or two. When the tape is late

Unconsolidated Subsidiary What is an 'Unconsolidated Subsidiary' An unconsolidated subsidiary is a company that is owned by a parent company, but whose individual financial statements are

Unaudited Opinion What is 'Unaudited Opinion' An opinion that can be offered by a Certified Public Accountant before he or she audits an organization's books. This is known as an unaudited

Tangible Net Worth What is 'Tangible Net Worth' Tangible net worth is most commonly a calculation of the net worth of a company that excludes any value derived from intangible assets such