DefinitionKorea Investment Corporation was established in 2005 to preserve and enhance the long-term purchasing power of South Korea's sovereign wealth through efficient management of public

Katie Couric Clause What is 'Katie Couric Clause' A slang term for a controversial proposed clause from a Securities and Exchange Commission (SEC) rule (formally known as the Executive Com

Key Rate What is 'Key Rate' The specific interest rate that determines bank lending rates and the cost of credit for borrowers. The two key interest rates in the United States are the disc

DefinitionImmunization, or immunisation, is the process by which an individual's immune system becomes fortified against an agent. Immunization What is 'Immunization' Immunization, also kn

Identity Fraud Reimbursement Program What is 'Identity Fraud Reimbursement Program' A financial product that offers reimbursment for the costs associated with having been a victim of ident

National Bureau of Economic Research (NBER) What is 'National Bureau of Economic Research - NBER' This private, non-profit, non-partisan research organization's main aim is to promote grea

DefinitionNational treatment is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment, if a sta

National Association of Investors Corporation (NAIC) What is 'National Association of Investors Corporation - NAIC' A non-profit organization that is dedicated to providing investing educa

National Currency What is 'National Currency' The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is usually the predomi

National Housing Act What is 'National Housing Act' Federal legislation passed in 1934 to create the Federal Housing Administration (FHA). Its purpose is to make credit more available to l