Game Theory
What is Game Theory? Game theory is a mathematical framework developed to address problems with conflicting or cooperating parties who are able to make rational decisions. The theory primarily deals with finding the optimal rational decision in various scenarios. Game theory is a relatively new discipline. Modern game theory was introduced in the works of...
National Registration Database (NRD)
What is the National Registration Database (NRD)? The National Registration Database (NRD) is a web-based registration system for individuals and companies whose businesses include trading, advising, or underwriting of financial securities. The NRD allows such businesses to register online by filling forms electronically and is only accessible to authorized personnel. History of the...
National Futures Association (NFA)
What is the National Futures Association (NFA)? The National Futures Association (NFA) is a self-regulatory organization that regulates the U.S. derivatives industry and provides investors with protection by ensuring that member firms employ industry best practices and meet regulatory requirements. The NFA is an independent, non-profit organization and it is funded by membership and assessment...
Appreciation
What is Appreciation? Appreciation is an increase in the value of an asset over time. The term is widely used in several disciplines, including economics, finance, and accounting. In accounting, appreciation refers to the positive adjustment made to the initially booked value of an asset. Moreover, accountants determined additional criteria to define the concept: The...
Net Interest Rate Differential (NIRD)
What is the Net Interest Rate Differential (NIRD)? Net interest rate differential (NIRD) occurs when there is a difference in interest rates between two countries or regions. It normally takes place in the international foreign exchange markets when a person takes a long position in one currency and a short position in another currency. The...
