Kiwi What is 'Kiwi' A slang term for the New Zealand dollar (NZD). It derives its name from New Zealand's national icon - a flightless bird called a kiwi - which is pictured on one side of

National Insurance Contributions (NIC) What is 'National Insurance Contributions - NIC' Payments made by employees and employers into the United Kingdom's National Insurance (NI). National

Nasdaq 100 Index What is 'Nasdaq 100 Index' An index composed of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange. This index includes companies from

Odd Lot Theory What is 'Odd Lot Theory' A technical analysis theory/indicator based on the assumption that the small individual investor is always wrong. Therefore, if odd lot sales are up

Odd Lot What is an 'Odd Lot' An odd lot is an order amount for a security that is less than the normal unit of trading for that particular asset. Odd lots are considered to be anything les

Madrid SE CATS (MSE) .MC What is 'Madrid SE CATS (MSE) .MC ' The Computer Assisted Trading System (CATS) was developed by the Toronto Stock Exchange in 1977 and implemented in the Madrid

Realized Loss What is 'Realized Loss' A loss is recognized when assets are sold for a price lower than the original purchase price. Realized loss occurs when an asset which was purchased a

Sales Meeting What is 'Sales Meeting' A gathering in which a product or service is being discussed, and the benefits are outlined to the potential buyer. The sales meeting is not always a

Backspread What is 'Backspread' A type of options spread in which a trader holds more long positions than short positions. The premium collected from the sale of the short option is used t

Variable Rate Demand Note (VRDN) What is 'Variable Rate Demand Note - VRDN' A debt instrument that represents borrowed funds that are payable on demand and accrue interest based on a preva