DefinitionHawala or hewala, also known as hundi or—in Somali, xawala or xawilaad—is a popular and informal value transfer system based not on the movement of cash, or on telegraph or com

Headline Earnings What are 'Headline Earnings' Headline earnings is a basis for measuring earnings per share implemented by the Institute of Investment Management and Research. This method

DefinitionA hammer is a tool or device that delivers a blow to an object. Most hammers are hand tools used to drive nails, fit parts, forge metal, and break apart objects. Hammers vary in sh

Yield To Worst (YTW) What is the 'Yield To Worst - YTW' The yield to worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. The YT

Year To Date (YTD) What is 'Year To Date - YTD' Year to date (YTD) refers to the period beginning the first day of the current calendar or fiscal year up to the current date. YTD informati

Impound What is 'Impound' An account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, private mortgage insurance and other required payments fr

Immediate Or Cancel Order (IOC) What is an 'Immediate Or Cancel Order - IOC' An immediate or cancel order (IOC) is an order to buy or sell a security that must be executed immediately, and

Naked Warrant What is 'Naked Warrant' A warrant that is issued without a host bond. A naked warrant allows the holder to buy or sell a particular financial instrument, such as a bond or sh

Offtake Agreement What is an 'Offtake Agreement' An offtake agreement is an agreement between a producer of a resource and a buyer of a resource to purchase or sell portions of the produce

Old Lady What is 'Old Lady' An eighteenth century nickname for the Bank of England. The full name is the Old Lady of Threadneedle Street, which refers to the bank's location. The Bank of E