DefinitionThe Kellogg School of Management is the business school of Northwestern University in Evanston, Illinois, with additional campuses in downtown Chicago, Illinois and Miami, Florida.

Halloween Strategy What is a 'Halloween Strategy' A Halloween strategy is an investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock

Kicking The Tires What is 'Kicking The Tires' A slang term for researching an investment before putting any money into it. The process of kicking the tires for a stock might include readin

Healthcare Power Of Attorney (HCPA) What is 'Healthcare Power Of Attorney - HCPA' A legal form that allows an individual to empower another with decisions regarding his or her healthcare a

Halo Effect What is the 'Halo Effect' The halo effect is a term used in marketing to explain the bias shown by customers toward certain products because of a favorable experience with othe

Hands-On Investor What is 'Hands-On Investor' An investor who holds a large portion of a company's shares and takes an active management role. A hands-on investor can also be called a majo

In Play What is 'In Play' A slang phrase used to describe a firm who has become a potential takeover target or has put itself up for sale. Once a bid is made, a company is put "in play" an

Illegal Dividend What is 'Illegal Dividend' A dividend declared by a corporation that is in violation of its charter and/or of state laws. Should such a dividend be declared, the company's

DefinitionIn financial markets, implementation shortfall is the difference between the decision price and the final execution price for a trade. This is also known as the "slippage". Agency

Implementation Lag What is 'Implementation Lag' The time lag between when a macroeconomic shock or other adverse condition is recognized by central banks and the government, and when a cor