by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets
What is Breaking the Buck?Breaking the buck is described as when the money market funds investment income can not cover operating expenses or investment losses. In other words, breaking the buck occurs when the net asset value of a money market fund indicates lower...
by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets
What is a Bowie Bond?A bowie bond is an example of a celebrity bond and was introduced by David Pullman in 1997, the investment banker of David Bowie. A celebrity bond is usually music-based. These bonds were issued in 1997 as asset-based security to cover the current...
by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets
What is a Broker Of Record?A broker of record is a term used in the insurance industry to describe an agent that represents an insured and manages a policy on their behalf. An insured person assigned this agent or broker to represent them and manage the insurance...
by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets
What is a Clearing Member Trade Agreement?A clearing member trade agreement (CMTA) refers to an arrangement that allows an investor to enter derivative trades with different brokers but consolidates these trades with only one brokerage firm for the purpose of the...
by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets
What is a Collar?A collar is a strategy sued in trade and investment to reduce large losses by setting a limit to the possible gains and losses that can be incurred in an investment. A collar strategy is also called a hedge wrapper, this strategy allows an investor...
by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets
What is a Commodities Exchange?A commodities exchange refers to an organized marketplace where derivative products and commodities are traded. Trades that take place in a Commodity exchange include the trade of raw products and materials such as metal, agricultural...
