Multilateral Development Bank (MDB)
What is a Multilateral Development Bank (MDB)? A multilateral development bank (MDB) is a financial institution established by multiple member countries and falls under international law. The owners of multilateral development banks are a national government and other international institutions and organizations. The purpose of MDBs is to facilitate financing and provide advisory services for...
Idiosyncratic Risk
What is Idiosyncratic Risk? Idiosyncratic risk, also sometimes referred to as unsystematic risk, is the inherent risk involved in investing in a specific asset, such as a stock. Idiosyncratic risk is the risk that is particular to a specific investment – as opposed to risk that affects the entire market or an entire investment portfolio....
War Bonds
What are War Bonds? War Bonds are debt instruments (bonds) that are issued by governments to finance military operations and production in wartime. War bonds tend to appeal to the sense of patriotism in individuals, who even see their purchase as a civic duty. Whilst there have been a variety of different structures for war...
Asia-Pacific Economic Cooperation (APEC)
What is the Asia-Pacific Economic Cooperation (APEC)? The Asia-Pacific Economic Cooperation (APEC) is an economic group, currently with 21 members, that promotes and facilitates trade, economic growth, and the improvement of living standards for the Asia-Pacific region. With a growing interdependence of the region, APEC was established in 1989 as a way to leverage the...
Nominated Advisor (NOMAD)
What is a Nominated Advisor (NOMAD)? A Nominated Advisor (NOMAD) refers to a financial services firm that a company utilizes to be placed on the London Stock Exchange’s Alternative Investment Market (AIM). To be listed on the AIM, it is a requirement to employ a NOMAD that is pre-approved by the London Stock Exchange (LSE)....
