What is an Extraordinary General Meeting (EGM)? An Extraordinary General Meeting (EGM) is a meeting held by a company or an organization to deliberate upon matters that require the urgent attention of senior executives, the board of directors, and all shareholders and cannot be deferred until the next scheduled annual general meeting. The EGM is…
What is an Extraordinary Item? An extraordinary item is an accounting term that refers to an abnormal gain or loss that is not generated from the ordinary business operations of a company, is infrequent in nature, and is unlikely to recur in the foreseeable future. Extraordinary items are disclosed separately in the financial statements of…
What is a Deferment Period? A deferment period is a length of time where the borrower does not need to pay interest or repay the remaining amount on a loan. Before the loan is issued, a contractual agreement is decided between the lender and the borrower regarding the length of the deferment period. The diagram…
What is the Dark Cloud Cover? The dark cloud cover refers to a candlestick pattern in technical analysis that is a bearish reversal signal. It is observed when a “down” candle opens above the close of the previous “up” candle and proceeds to close below the midpoint of the “up” candle within a candlestick chart….
What is a Dark Pool? A dark pool is a financial exchange or hub that is privately organized where trading of financial securities is held. Dark pools are in stark contrast to public financial exchange markets, where there is a high degree of regulation and media attention. Dark pools allow investors to trade without any…
What is Denomination? A denomination is a classification for the face value of a financial instrument. It includes financial instruments, such as bonds, currency notes, coins, etc. In particular, the denomination is a classification used to clarify acceptable payment options in financial trades. Forms of Denomination A denomination is a concept that comes with an…
What is the Darvas Box Theory? The Darvas Box Theory was a trading strategy that was invented by self-taught investor Nicolas Darvas, who used to target stocks with pricing and volume as indicators. It makes the Darvas Box Theory similar to technical analysis, which is a trading discipline that is applied by security traders who…
Who is David Tepper? David Tepper is known as one of the best hedge fund managers of his generation, generating steady returns for client investors over many years. He is the founder and president of the Appaloosa Management hedge fund, which managed around $13 billion as of July 2020. In 2018, Tepper bought the Carolina…
What is the DAX Stock Index? The DAX (Deutscher Aktien Index) is a stock index based out of Germany that represents the 30 biggest German companies that trade on the Frankfurt Exchange. The index value is calculated every second based on Xetra technology. DAX Stock Index Explained The DAX Index tracks 30 large and actively…
What is Dollar-Cost Averaging (DCA)? Dollar-cost averaging (DCA) is an investment strategy in which the intention is to minimize the impact of volatility when investing or purchasing a large block of a financial asset or instrument. It is also called unit cost averaging, incremental averaging, or cost average effect. In the UK, it is referred…
