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Kenneth I. Chenault

DefinitionKenneth Irvine Chenault is an American business executive. He was the CEO and Chairman of American Express from 2001 until 2018. He is the third black CEO of a Fortune 500 company.

Keefe Bank Index

Keefe Bank Index What is 'Keefe Bank Index' An index of regional bank and money centers. The Keefe Bank Index is compiled by Keefe, Keefe, Bruyette and Woods, an investment banking firm in

York Antwerp Rules

York Antwerp Rules What is 'York Antwerp Rules' A set of maritime rules that outline the rights and obligations of ship and cargo owners when cargo must be jettisoned to save a ship. The Y

ImClone (IMCL)

ImClone (IMCL) What is 'ImClone - IMCL' A publicly-traded biotechnology company marketing products in the field of oncology. The company made international headlines in 2002 after ImClone'

Icahn Lift

Icahn Lift What is 'Icahn Lift' The name given to the rise in stock price that occurs when Carl Icahn begins to purchase shares in a company. The Icahn lift occurs because of Mr. Icahn's r

Nasdaq Intermarket

Nasdaq Intermarket What is 'Nasdaq Intermarket' An electronic marketplace where National Association of Securities Dealer (NASD) members could execute trades, communicate, and receive quot

Make To Assemble (MTA)

Make To Assemble (MTA) What is 'Make To Assemble - MTA' A manufacturing production strategy where a company stocks the basic components of a product based on demand forecasts, but does not

Absolute Beneficiary

Absolute Beneficiary What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also referred to as an "irrevoca

Abacus

Abacus What is 'Abacus' 1. A calculation tool used by sliding counters along rods or grooves, used to perform mathematical functions. In addition to calculating the basic functions of addi

Real Estate Owned (REO)

Real Estate Owned (REO) What is 'Real Estate Owned - REO' Real estate owned, or REO, is the name given to foreclosed-upon real estate, such as detached houses, condominiums, townhomes and
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