Pound Sterling (GBP)
What is the Pound Sterling (GBP)? The Pound Sterling refers to the national currency of the Isle of Man, the United Kingdom, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory. It is the oldest currency to be in constant use. It is also known as the sterling or pound and abbreviated as…
Silk Route
What was the Silk Route? The Silk Route (or Silk Road) was a trade route that originated in the second century B.C. and lasted until the 14th century A.D. It extended from Asia to the Mediterranean, going through China, Persia, India, Greece, Italy, and Arabia. The route was called the Silk Route because extensive silk…
Canadian Dollar (CAD)
What is the Canadian Dollar (CAD)? The Canadian Dollar refers to Canada’s domestic currency and is abbreviated as CAD. A Canadian dollar consists of 100 cents and is also described as C$ to differentiate it from other dollar-denominated national currencies, such as the US dollar. The Canadian dollar is considered a benchmark currency, implying that…
Signature Loan
What is a Signature Loan? A signature loan – or good faith loan – is a form of personal loan offered by financial institutions, like banks, that do not require collateral and only a borrower’s signature. The borrower chooses the purpose of the loan, and the interest rates can be higher due to the absence…
Skin in the Game
What is “Skin in the Game”? “Skin in the Game” is a phrase popularized by world-famous investor Warren Buffet signifying a condition in which high-ranking insiders buy the stocks of the company they are a part of using their personal money. It is a common saying in business, gambling, finance, and politics. Understanding Skin in…
Silo Mentality
What is a Silo Mentality? A silo mentality is the unwillingness to share information with coworkers of different divisions in the same company. The restriction reduces an organization’s efficiency, and in an extreme case, damages the corporate culture of the organization. Understanding Silo Mentality Silo is a word that originated to refer to storage containers…
Hockey Stick Chart
What is the Hockey Stick Chart? The hockey stick chart, as it relates to climate change, is considered to be one of the most debated charts in science. The chart is essentially a line graph or chart that depicts global temperature data over time. The shape of the line consists of a sharp upward curve…
Eminent Domain
What is Eminent Domain? Eminent domain refers to the power that the government and municipalities of a country behold where private properties can be converted to public use, following monetary compensation for the use of private land. Understanding Eminent Domain The eminent domain comes under the Fifth Amendment of the U.S. Constitution. Most common-law nations…
Head-Fake Trade
What is a Head-Fake Trade? A head-fake trade occurs when the price of a security or other traded financial asset moves in a specific direction and then quickly reverses to follow the opposite direction. The term “head-fake” is common in sports (particularly football and basketball) and derived from a tactic used by teams in sports…
