Tag: wealth

What is 'Zakat' A term used in Islamic finance to refer to the obligation that an individual has to donate a certain...

What is 'T Distribution' A type of probability distribution that is theoretical and resembles a normal distribution. A T distribution differs from...

What does a C note mean and where does the term come from A C-note is a common slang term for a $100 bill. The...

Definition The Pareto principle states that, for many events, roughly 80% of the effects come from 20% of the causes. Management consultant Joseph M. Juran...

What is 'Baby Bond' Fixed income securities issued in small denominations, generally with a maximum face value of $5,000. The small denominations...

DefinitionJacob Henry Schiff was a Jewish-American banker, businessman, and philanthropist. Among many other things, he helped finance the expansion of American railroads and the...

What are baby boomers and what generation do they belong to A baby boomer is a person who was born between 1946 and 1964. So,...

What is 'Baby Berkshire' Baby Berkshire refers to the 50:1 stock split after the market close on January 20th, 2010 by Berkshire...