Premium Essay

Business Terminology

In:

Submitted By iffat
Words 2945
Pages 12
TERMINOLOGY

1. Option: In finance, an option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the corresponding obligation to fulfill the transaction. • American Option: American option is the option that can be exercised anytime during its life. The majority of exchange-traded options are American. American options allow investors more opportunities to exercise the contract • European Option: An option that can only be exercised at the end of its life, at its maturity. European options tend to sometimes trade at a discount to its comparable American option.

2. Ask Price: The price a seller is willing to accept for a security, also known as the offer price. Along with the price, the ask quote will generally also stipulate the amount of the security willing to be sold at that price.

3. Bid Price: The price a buyer is willing to pay for a security. This is one part of the bid with the other being the bid size, which details the amount of shares the investor is willing to purchase at the bid price. The opposite of the bid is the ask price, which is the price a seller is looking to get for his or her shares.

4. Call Option: Call option is an agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument at a specified price within a specific time period.

5. Put Option: An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time. This is the opposite of a call option, which gives the holder the right to buy shares.

6. Closed –end investment company:

Similar Documents

Free Essay

Profession

...have discovered a number of serious downsides to this kind of work. The one cited perhaps the most frequently is the ongoing pressure to attract clients. Although we know of no research to verify it, there is a law in the translation business which states that a freelance translator who has no work, is not a good translator. The opposite is also true: a good translator will never be at a loss for work. Even so, your order portfolio as a freelancer will also depend, at least in part, on your commercial skills in attracting clients, offering your services to potential clients, and building up networks. Once you have found enough clients for a sustainable business, moreover, you may find it difficult to balance your capacity with their needs.  In view of these considerations, it might be a good idea to offer your services to translation agencies as well. The rates they offer may not be as high as those of private clients (understandably, as the agency will need to safeguard its own profit margin and deduct a suitable amount from the client's payment before passing it on to you), but once you are well established in their files you may find their constant flow of orders a great relief compared with the situation in which you have to attract business yourself.  In fact, working for a translation...

Words: 980 - Pages: 4

Free Essay

Reflection

...of an anaesthetic machine prior to use. On the morning of this particular learning experience I had already pre-informed the student of the event so we could start promptly. The student arrived on time as I did. We went straight to the operating theatre where we were going to be working for the day. On arriving in that theatre I discovered it had been used prior and was left in an untidy state so I had to tidy it up before we could proceed. Had I have thought before hand I could have checked the day before to ensure this was not the case. I started by showing the student the anaesthetic machine we were going to use, explained the different parts and how they function. The student looked a bit perplexed at the terminology I used so I tried more simple terminology and explanations and that seemed to help. After the brief explanation of how the anaesthetic machine worked I described The checks we were going to carry out. I showed the student the 2012 guide to checking the machine produced by the College of Anaesthetists which is the one we currently use. We started to check the machine going through the guide step by step as described. It took quiet a while to complete the check. Afterwards I asked the student if they followed what we had done, the student commented it was a bit too much to go through in one session. I think looking back that I should have broken down the process into perhaps two or more sessions allowing the student time to take in and question the...

Words: 304 - Pages: 2

Free Essay

Economist’s Jargon: Unite and Divide

...The economics profession’s jargon serves a variety of purposes. For example, their common terminology serves to make for more precise communication. It allows ideas to be communicated clearly and exactly. This exactness and clarity of terminology serves society by allowing economists to discuss economics with each other and with society with clarity so that other economists have a better understanding of what an economist is saying. A common terminology also serves to divide insiders from outsiders. For outsiders, for example economic students, who do not have a clue what these terms mean, economists’ terminology is exclusionary. It makes economists the gatekeepers of economic ideas. Economists’ terminology serves as a barrier to entry, restricting the supply of economists, and increasing the value of the services provided by existing economists. Which of these two reasons is the strongest? To answer that question let us consider two examples given by Amanda Bennett, the author of The Wall Street Journal article, “Economists + Meeting = A Zillion Causes and Effects” [The Wall Street Journal, January 10, 1995]. The two examples are the concepts of externality and utility, Why do economists use these terms? Based on her article, and on my classroom experience, I would judge that, of the two reasons, the self-serving reason is the stronger. Essentially, economists create their terminology primarily to make life difficult for students. Consider the first example: externality. Why...

Words: 433 - Pages: 2

Free Essay

Medical Terminology

...How Does Medical Terminology Work? ________________________________________ Most medical terms can be broken down into one or more word parts. For simplicity in explanation, we will say that there are four possible word parts, and any given medical term may contain one, some, or all of these parts. We will classify these word parts as (1) roots, (2) prefixes, (3) suffixes, and (4) linking or combining vowels. An example of a word with three of the above parts is the medical term "pericarditis", which means "inflammation of the outer layer of the heart". Pericarditis can be divided into three parts: peri - card - itis. Once divided into its essential parts, pericarditis can be translated: the prefix "peri" translates to "surrounding", the root "card" translates to "heart", and the suffix "itis" translates to "inflammation". Hence, pericarditis is an inflammation of the area surrounding the heart, or an inflammation of the outer layer of the heart, anatomically known as the pericardium. Medical terms always consist of at least one "root", although they may contain more. The root of a word is that part which contains the essential meaning of the word. An example of this was seen above in the term "pericarditis". The root of the word - card - refers to the heart, so any prefix or suffix added to the root (card) will only function to add to the specificity of that word. An example of this would be the prefix "brady", which means "slow". If "brady" is added to the root "card"...

Words: 433 - Pages: 2

Premium Essay

01.03 Why Can’t I Have It All

...loveme123 01.03 Why Can’t I Have It All Why should I study for my upcoming Medical Terminology Test? Costs | Benefits | Sleep time is less (short-term) | Better GPA (long-term) | Less usage of my electronics (short-term) | Be more focused on this test and other to come (long-term) | Less time spent with friends (short-term) | Learned something that will better my future career in the medical field. (long-term) | 1.Explain how the concepts of scarcity, choice, and opportunity cost relate to your dilemma. ◘ Having the drive to want to study is what will take you far. As we all know time is a scarce resource. We want more, but have to do it a limited TIME frame, and scarcity is just that, limited resources. This forces us to make choices, choices that we might not want to make, but have to. Opportunity cost is the most valued alternative, meaning giving up something you want to do but can’t really do. In my case that would be studying instead of pointless time wasting on things that could be dealt with later on in the week. It’s better to chose a goal that will really benefit you in the long run. 2. When making a decision, are the costs and benefits equally important to you? Why or why not. Based on your chart, explain which category, costs or benefits, would have the largest impact on your decision? ◘ When making a decision I would say that the cost and benefits...

Words: 505 - Pages: 3

Premium Essay

Writing Skill

...Examiners report that many candidates underperform because they fail to interpret the key words of an essay title. Below is a glossary of some of the most frequently used command words with suggestions for interpretation: 'Account for ...' Explain how a particular event or situation came about i.e. 'Which factors would have led a large retailing company to...' 'Analyse ...' Break down an argument or information into component parts and identify ways in which these parts are related. Always recognise the underlying assumptions. 'Analyse the extent to which ...' Show judgement over the relevant importance of different arguments or events. 'Assess ... 'Make some kind of judgement on the relative importance of a particular aspect of business studies, discussing the influence of other factors or events that influence the topic. 'Compare ...' Describe two or more situations and show the difference and similarities between them. 'Criticise ...' Present a view on a particular argument, point of view or theory, based on the evidence available. 'Define ...' A simple...

Words: 799 - Pages: 4

Free Essay

Comm 225 Outline

...Wednesday 16:45-17:30 and by appointment ------------------------------------------------- COURSE DESCRIPTION This course is an introduction to contemporary operational issues and techniques in the manufacturing and service sectors. Among the topics covered are: operations strategy, forecasting, materials management, total quality management, time-based competition, and queuing theory. Mathematical modeling in resource allocation is also introduced. Cases and computer-aided quantitative tools for decision-making are used throughout the course with an emphasis on the interactions between production/operations management and other business disciplines. Prerequisites: COMM 210, COMM 212, and COMM 215 ------------------------------------------------- LEARNING OBJECTIVES Operations are the core of every business. Successful implementation of any business strategy cannot be achieved without the proper execution of operations. Global and local companies that are experiencing a surge in market share owe this success among other things, to their excellence in managing operations. This course considers operations from a managerial perspective and introduces the basic Operations Management (OM) tools. It focuses on quantitative analysis of various OM functions. At the end of the course, students will have a good understanding of the various operation functions and their importance in organization in...

Words: 2930 - Pages: 12

Premium Essay

Eric

...Instructor: DR. JAMES E. COFER, SR. Glass Hall 213 jcofer@missouristate.edu Office Hours: MONDAY 2:00 PM – 3:30 PM WEDNESDAY: 2:00 PM – 5:00 PM FRIDAY: 12:00 PM -12:45 PM COURSE DESCRIPTION: PREREQUISITE: CIS 101 OR CSC 101; AND GRADE OF C OR BETTER IN MTH 135 OR HIGHER (EXCLUDING MTH 130, FORMERLY MTH 145). COLLECTION, ANALYSIS, INTERPRETATION AND PRESENTATION OF DATA RELATED TO BUSINESS, MEASURES OF CENTRAL TENDENCY AND DISPERSION, ELEMENTARY PROBABILITY, PROBABILITY DISTRIBUTIONS, SAMPLING, STANDARD ERROR, INTERVAL ESTIMATION, HYPOTHESIS TESTING, REGRESSION ANALYSIS. COMPUTER STATISTICAL PACKAGES WILL BE UTILIZED IN ANALYSIS OF A VARIETY OF APPLICATIONS PROBLEMS. Course Objectives/Learning Outcomes: QBA 237 IS A PROBLEM BASED COURSE GIVEN IN A LECTURE FORMAT. In this course you will learn What statistics is and how it is used in decision making Basic statistical terminology How to organize, display, describe, and summarize data using Microsoft Excel and other methods How to calculate and analyze descriptive statistics What is meant by inferential statistics using estimation and hypothesis testing? Basic concepts of probability Basic sampling methods Analysis of data using correlation and regression. Course Resources: BLACKBOARD Consult Blackboard for assignments and due dates before you contact the professor. Blackboard is a Learning Management System which we will use for our course. You can login to Blackboard...

Words: 1140 - Pages: 5

Premium Essay

Whirlpool Case Study

...Joanna Nowicka-Jakubczyk EMBA XVII edition Whirlpool Corporation’s Global Strategy - Case Report As many American based companies, Whirlpool Corporation after building strong position and success in North America, decided to “go international” and start its global expansion. The main Whirlpool’s objective was becoming the world market leader in home appliances, in what CEO of Whirlpool – David Whitwam strongly believed. Whitwam’s “go global” strategy plan was based on: * entering different markets, European, Asian, South American in parallel; * acquisitions of competitive appliance companies, i.e Philips, Indian companies; * creating joint ventures in targeted markets, like China; * new investments, mainly in South America. Despite great initial enthusiasm and proofs, that their strategy was successful, in the mid-1990s, serious problems had occurred in Whirlpool’s international operations, for instance significantly decreased profitability, also on home market, reported losses in Europe and Asia, failures in joint ventures, and last but not least in general lack of truly integrated strategy and company. To respond to a question, what happened, why Whirlpool faced so many problems on its way to be an international leader, we need at first give answer to a question, was their strategy assumptions correct? In formulating and development of global strategy, in my opinion Whirlpool made some general assumptions for industry development, which might...

Words: 853 - Pages: 4

Premium Essay

Marketing

...Module Study Guide Information and Communication Technology The Claude Littner Business School The Claude Littner Business School Information and Communication Technology Module Study Guide |Module Code |BA40019E | |Level |4 | |Credits |20 | AY2014-2015 Version No 1 © UWL 2014 Location/Paragon Information and Communication Technology Module Study Guide |Contents |Page No. | |Module Leader and Teaching Team Details…………………… 4 | | | | | |Facts and figures | | | | | |Section A Overview and Content | | |1 Welcome and Introduction to the Module………6 ...

Words: 4674 - Pages: 19

Free Essay

Alma Mater

...Justin Paolo F. Segovia IV – Galileo My Valedictory Speech “Good bye to you Alma Matter” Rev. Fr. Ramonclaro G. Mendez, OP, School Director, Mrs. Muñoz, High School Principal, Mrs. Sandra Gratuito, English Teacher, High School Faculty and Non-teaching Staff, distinguished guests, dear parents, fellow graduates, ladies and gentlemen, Good afternoon. I’ve heard a lot of valedictory addresses and usually, if not all the time they struck me as boring and bent out of formalities. All I pray is that you never get bored as I get this chance in my life to talk in the same pedestal as those boring people (hehe) A long time ago, a man once said that it is not the years in a man’s life that matters, but it is the life in his years. My fellow graduates, what does thirteen years of Aquinian education mean to you? Is it just time that has come and gone? Is it the years that have finally come to an end? Or is it more than just that? My brothers and sisters, if that is all what they mean to you, then I am sorry that you have failed to reap the fruits of your labour. These eleven years are filled with more than just months, weeks and days of experience and learning. The last four years I have spent studying in Aquinas with you, my fellow classmates, makes me truly say that I am better than what others say I could be. In fact, we all are, whether we know it or not. As a class, we may have gone through many difficult trials, events that shattered our unity. There...

Words: 378 - Pages: 2

Free Essay

Final Essay Hum

...Part One * You are the news director of a local television station. The city council has just voted to close city parks 3 days a week to save money. Meanwhile, a major celebrity has died. The park story has greater effect on your viewers, but the celebrity death will get bigger ratings? Which do you make your lead story and why? For some unknown reason, news has become more than a center of information. It has become the platform of entertainment. Ratings have increased when the news includes celebrity highlights or “gossip.” This is where it gets hard as a news director. Trying to make the best judgment to not jeopardize ratings but to also be informative. Standing between what affects the viewer and what will bring more rating to the station. This is where as a director I would have to play it smart. There are a couple of things to keep in mind. One is the fact that there are important things going on in the city that the citizens need to be aware of. Some people work hard and as a result don’t have the time to sit down and read a newspaper even if is online. They depend solemnly on the night news. Then we have on the other side the ones that like news that pertain only about entertainment, and this is where it gets tough. In order to keep both parties happy you try to come up with something to catch the attention of both types of viewers. Having a good marketing team that learns how to capture the different viewers attention is the key to these kinds of situations...

Words: 1131 - Pages: 5

Premium Essay

Anthesis on People

... 390 Crow Building OFFICE PHONE & VOICE MAIL: 214-768-4156; FAX 214-768-4099 CLASSROOM : Georges Auditorium e-MAIL ADDRESS: mailto:rpuelz@mail.cox.smu.edu OFFICE HOURS: 1:00 p.m. to 2:00 p.m., Monday and Wednesday; and by appointment. HELP LABS: see “Lab and T.A.s schedule on our Blackboard site REQUIRED TEXTS: Ross, Westerfield and Jordan (RWJ), Fundamentals of Corporate Finance (Alternate Edition), 10/e , Note: Custom book based on RWJ edition 10/e available at SMU Bookstore only Malkiel, Burton G. (Malkiel), A Random Walk Down Wall Street, 2011, Norton Publishers. RECOMMENDED READING: Wall Street Journal and the business section of the Dallas Morning News. OTHER RESOURCES: The use of a business function or financial calculator is required. The Hewlett-Packard 10-B II and Texas Instruments BA II Plus are popular choices. The HP-12C is my personal choice mostly because it has stood the test of time. Beyond your operating manual, we will support each of these calculators if you have questions. CLASS ATTENDANCE AND WEBSITE: One of the best things about teaching and learning is the interaction between us. That can only be accomplished when you attend. I expect you to attend class and use a name tent. Also important to our class is our website. You’ll need your SMU i.d. for both your username and initial password. If you have used Blackboard before your username is your student i.d...

Words: 2206 - Pages: 9

Free Essay

Succeding in College

...Succeeding at Fullerton College Transitioning from high school to college can be intimidating I know this because that is what doing right now. Everything is different from the people, to the schedule, and just the surrounding. In high school I was always that student who always did good enough, that did homework here and there. I knew that I could do the work, but never really wanted to. Instead I would have rather hung out with friends, watch TV, or go play basketball. Never wanted to study or do homework towards the end of the senior year I realized that I am capable of more. Even though I averaged a 3.0, I could’ve gotten a higher GPA if I had put in more effort. If I wanted to succeed in life then I have to start putting in the time and effort, and that starts with succeeding in college. Various of students have their own plan to succeed in school, but mine it starts with setting myself goals, time management and most importantly taking advantage of student services here at Fullerton College. First of all I’m going to set myself goals not just life goals but goals in generals. Setting goals is practically a to do list, it explains to you what is need from yourself. It is going to give me direction to my life and a purpose. I feel like if I don’t set myself goals then somehow some way I’m going to start following a path made by others. Setting a goal for me is a way to fuel my ambition. For example what I really want to do in life is to have my own show, to make people...

Words: 810 - Pages: 4

Premium Essay

Shrm

...Hiltrop (1994) claim that these models could be classified as ‘matching models’ because of their common aim is to match the human resources strategy with that of the corporation. Thorpe and Homan (2000), argue that previous developments in the design of pay systems did not directly relate to the real priorities and problems faced by organisations. Thus, the need to devise pay systems linked to business strategy arose. The underlying premise of best fit is that a close alignment between organisational strategy and other systems, including reward, can improve organisational effectiveness. Although the idea that pay should be linked strategy is not new, it received impetus in the 1990s with works by Schuster and Zingheim (1992, 1993) and Lawler (1995) discussing the merits of ‘new pay’. Lawler (1995, p. 14) states that all organisational systems must start with business strategy because “…it specifies what the company wants to accomplish, how it wants to behave, and the kinds of performance and performance levels it must demonstrate to be effective.” Business strategy, driving individual and organisational behaviours, is the touchstone for the development of the reward...

Words: 257 - Pages: 2