Unsecured Note
What is an Unsecured Note? An unsecured note is basically a debt instrument or a loan that is not secured (covered by collateral) by the assets of the issuer of the note. An unsecured note is typically a corporate debt obligation. In the spectrum of finance and investment, a note is primarily a legal financial...
Keynesian Put
What is a Keynesian Put? Keynesian put is the anticipation that the government will stimulate the economy through fiscal policy. The government is expected to spend money to continue to grow the economy. In 2016, the term was invented by analysts at the Bank of America Merrill Lynch as a reference to both the Keynesian...
European Option
What is a European Option? A European option is a type of options contract where the buyer or seller is able to execute the option only at its expiration date. Although it includes “European” in its name, the option is not related to any geographic location. Instead, different kinds of options contracts mean that there...
Korean Composite Stock Price Index (KOSPI)
What is the Korean Composite Stock Price Index (KOSPI)? The Korean Composite Stock Price Index (KOSPI) is a group of indexes that track the stock exchange in South Korea. It was previously named the Korea Stock Exchange. Just as the NASDAQ Composite Index and the S&P 500 Index are representative stock market indexes in the...
Eurocurrency
What is Eurocurrency? Eurocurrency is a currency that is deposited at a foreign bank outside of its home country. Contrary to its name, the term does not refer to euros that are deposited outside of Europe. It is a general term that applies to all currencies that are deposited anywhere outside of its local country....
