What is the Jones Act? The Jones Act is a U.S. federal law aimed at revitalizing the U.S. shipping industry after World War I. It regulates maritime commerce in the country and is still in effect today. It is also called Section 27 of the Merchant Marine Act of 1920. Explaining the Jones Act According…
What are Retired Shares? Retired shares are shares that are repurchased and canceled by a company. They don’t possess any financial value and are void of ownership in the company. Understanding Retired Shares Companies issue shares to raise money and expand business operations. Subsequently, companies can choose to buy back shares from the market for…
What is the National Market System (NMS)? The National Market System (NMS) is a regulatory mechanism that governs the operations of securities trading in the United States. It covers all entities and facilities, both public and private, that are involved in the buying and selling of stocks. It includes stock exchanges, trade clearinghouses, and market…
What is the Average Daily Balance Method? The average daily balance method is a method for calculating the amount of interest to be charged to a borrower on an outstanding loan. It is an accounting method that is most commonly used by credit card issuers to calculate financing charges applied to any outstanding balance you…
What is the Average Daily Trading Volume (ADTV)? Average Daily Trading Volume (ADTV) is a technical indicator used by investors that refers to the number of shares of a particular stock that, on average, change hands during a single trading day. The average daily trading volume can be calculated for any span of time –…
What is the Brazilian Real (BRL)? The Brazilian Real is the official currency of the Federative Republic of Brazil and is represented by the ISO code BRL. Brazil is the biggest country in South America and is one of the BRIC (Brazil, Russia, India, China) nations – a group of countries that market analysts view…
What is the Colombian Peso (COP)? The Colombian Peso is the official currency of the Republic of Colombia. The peso is sometimes designated with a standard dollar sign – $ – and at other times denoted as COL$. The forex market symbol for the Colombian peso is COP. The peso is divided into 100 centavos….
What are the Four Asian Tigers? Four Asian Tigers is a term given to the economies of four countries – Hong Kong, Taiwan, Singapore, and South Korea. Driven by exports and rapid industrialization, the Four Asian Tigers have steadily retained a high rate of economic growth since the 1960s, joining the ranks of the richest…
What is a Foreign Fund? A foreign fund refers to a fund that invests in businesses outside the country of origin of the investor. They can be exchange-traded funds, closed-end funds, or mutual funds. They are sometimes referred to as international funds. Foreign funds provide private investors with access to overseas markets. Foreign investment introduces…
What is Foreign Aid? Foreign aid refers to the international movement of money, services, or goods from governments or international institutions for the benefit of the receiving country or its citizens. Foreign aid can be fiscal, military, or humanitarian and is considered one of the significant sources of foreign exchange. Foreign aid is the voluntary…
