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

Killer Bees What is 'Killer Bees' An individual or firm that helps a company fend off a takeover attempt. A killer bee uses defensive strategies to keep an attempted hostile takeover from

Krugerrand Gold Coin What is 'Krugerrand Gold Coin' A gold coin minted by the Republic of South Africa. Krugerrand gold coins contain exactly one troy ounce of gold. This coin was first mi

Korean Composite Stock Price Indexes (KOSPI) What is 'Korean Composite Stock Price Indexes - KOSPI' A series of indexes that track the overall Korean Stock Exchange and its components. The

DefinitionIn international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such

Absentee Owner What is 'Absentee Owner' An individual who owns a piece of real estate but does not live in it. An absentee owner may also be an entity such as a corporation or real estate

Fast Market Rule What is 'Fast Market Rule' A rule in the United Kingdom that permits market makers to trade outside quoted ranges, when an exchange determines that market movements are so

Tandem Loan What is 'Tandem Loan' Two loans taken out on one asset, which is usually a house; the secondary loan is normally added to a primary loan. A tandem loan may also refer to a lend

Day-Around Order What is 'Day-Around Order' An order that cancels and replaces a previously submitted day order, producing a new request with an adjusted volume or price limit. The term is

Kill What is 'Kill' To cancel a trade or order that has been placed, but not filled. A trader or investor may desire to kill an unfilled order when the market has moved against him or her