What is the Harvard MBA Indicator? The Harvard MBA indicator is designed to help individuals evaluate investment market opportunities based on how many Harvard MBA students are working in what are deemed “market-sensitive fields.” The Harvard MBA indicator is a long-term, contrarian indicator. It provides a calculation of the total number of students graduating from…
What are High Earners, Not Rich Yet (HENRYs)? In the world of finance, HENRY is an acronym that stands for “high earners, not rich yet.” Although the phrase may appear mostly self-explanatory, there’s a bit more to it than meets the eye. The term was initially coined by Shawn Tully, who first used it in…
What is Equipment Finance? Equipment finance describes a loan or lease that is used to obtain business equipment. Business equipment may be any tangible asset other than real estate – examples include office furniture, computer equipment, machines used in manufacturing, medical equipment, and company vehicles. Understanding Equipment Finance Equipment finance is an important part of…
What is a Construction Loan? A construction loan is a loan granted for the purpose of building homes, offices, or other real estate properties. Construction loans are most commonly granted to builders or property developers to fund a major construction project such as a housing development, office building, or shopping center. However, they may also…
What is the GAAP Hierarchy? The GAAP hierarchy specifies the relative level of authority of accounting principles and guidelines under the Generally Accepted Accounting Principles that govern accounting standards in the United States. The hierarchy consists of four levels. The highest levels of the hierarchy provide broad, general rules for accounting, typically applicable to any…
What is the Heikin-Ashi Technique? The Heikin-Ashi technique is a Japanese candlestick-based technical trading tool that uses candlestick charts to represent and visualize market price data. It is used to identify market trend signals and forecast price movements. The Heikin-Ashi method uses average price data that helps to filter out market noise. The absence of…
What is the South Korean Won (KRW)? The South Korean Won is the currency of the Republic of Korea – more commonly known as South Korea. The won is a decimalized currency, divided into 100 jeon. The jeon is no longer used for ordinary, everyday transactions. For practical purposes, the lowest denomination of South Korean…
What is the Katie Couric Clause? The Katie Couric Clause is a colloquialism for the controversial ruling that the Securities and Exchange Commission (SEC) considered implementing in 2006. The ruling was officially known as the Executive Compensation and Related Party Disclosure clause. The proposed ruling had distinct impacts on executive compensation, director compensation, quarterly 8-K…
What is Listed Property? Listed property is a specific type of depreciable asset that is primarily used as a productive asset for business purposes. To qualify as listed property, the property should be used for over 50% of the company’s business, implying that it can also be used for personal purposes. The benefit derived by…
What is a Junior Mortgage? A junior mortgage refers to a second mortgage that is granted in conjunction with the approval of an effective primary or prior mortgage. The primary mortgage is referred to as a senior mortgage. A junior mortgage can also be a third, fourth, or fifth mortgage granted after the security of…
