What is Kamikaze Defense? Kamikaze defense refers to a type of strategy that a target company can take to defend against a hostile takeover. “Kamikaze” means “divine wind” in Japanese. It was originally a special attack unit of the Japanese army, particularly responsible for performing suicide attacks. In the business world, it represents an anti-takeover…
What is the Kagi Chart? The Kagi chart is a type of chart that shows the price movements of an asset. Different from a candlestick chart or other conventional types of charts, a Kagi chart does not contain a time axis, which allows it to show price changes more clearly and effectively. Kagi charts are…
What is a Horizontal Well? A horizontal well is a type of multi-directional drilling technique that drills with an inclination of at least 80 degrees to enhance reservoir performance. The horizontal technique is used as an alternative method for drilling oil and gas in situations where vertical wells are impossible or the shape of the…
What is a Knock-Out Option? A knock-out option is an options contract that will become worthless if the investment reaches a specific price. In such a case, the options contract is “knocked out,” and the investor will not receive a payoff. An options contract refers to an agreement between a buyer and a seller to…
What is a Knock-In Option? A knock-in option is a latent options contract that comes into effect once the underlying asset reaches a certain price before the expiration date of the contract. An options contract is an agreement between a buyer and a seller to execute a transaction to buy or sell an asset at…
What is Dual Listing? Dual listing is when a particular security is listed on more than one exchange. DLC is a commonly used abbreviation for dual-listed companies. A dual-listed company is made up of more than one legally registered corporation that operates as a single business. Barrick Gold is an example of a…
What are Euro Medium-Term Notes (EMTNs)? Euro medium-term notes, or EMTNs, are unsecured debt instruments that mature in five to 10 years. They are usually issued in countries that deal with euro currencies. Euro currency is a type of currency that is held outside of the country of origin. EMTNs provide investors with an opportunity…
What is Estate Planning? Estate planning is a type of agreement where a person decides who will own and manage their assets once the person is deceased or incapacitated. Estate planning is important, as it eliminates the burden of legal heirs having to bear the taxes of transferring the assets had the estate not been…
What are Escrowed Shares? Escrowed shares are securities that are maintained in a special type of account until a specific business transaction is completed. The special type of account is called an escrow account. What is an Escrow Account? An escrow account is a type of account where assets/funds are maintained when transactions like mergers…
What is an Esoteric Debt? An esoteric debt is a complex investment vehicle that is offered to a unique group of investors, as they are difficult to value because of their distinctive pricing and structure. The best example that can be given is that of a credit default swap derivative that resulted in the 2008…
