A trade is a transaction involving one party (the buyer) buying a security, or something of value, from another party (the seller). Basically, it’s when two parties exchange items of approximately equal value. So, while you can trade stocks, you can certainly also trade baseball cards.
Archive for the ‘Daily Definition’ Category
A Trade is…
Wednesday, July 29th, 2009The IBRD is…
Monday, July 27th, 2009The IBRD, which stands for the International Bank for Reconstruction and Development, is the arm of the World Bank that focuses on middle-income and creditworthy poor countries. The IBRD strives to promote sustainable, equitable and job-creating growth, reduce poverty, and address issues of regional and global importance.
The IDA is…
Monday, July 27th, 2009The IDA, which stands for the International Development Association, is the arm of the World Bank that focuses on the poorest countries in the world. It aims to reduce world poverty by issuing interest-free loans and grants.
A Salary is…
Monday, July 27th, 2009A salary is the compensation (e.g. salary and benefits) you earn for working at a job. Salaries are usually paid on a weekly or bi-monthly basis, and are generally referred to as an annual amount.
A Traveler’s Check is…
Monday, July 27th, 2009A traveler’s check is a a pre-printed check issued by a financial institution (the first was American Express) that serves the same purpose as cash, but is not accepted at every store (unlike cash). People often use these when traveling because, unlike cash, they can be replaced if lost or stolen.
Treasury Notes are…
Monday, July 27th, 2009Treasury notes (T-Notes) are government securities that pay a set interest rate every six months. The notes are sold with set maturities (how long until they reach face value) of 2, 3, 5, 7, and 10 years.
A Trustee Is…
Monday, July 27th, 2009A trustee is a person or member of a board chosen to direct the funds and the policies of an institution, often a charity or a foundation.
Form 1040 is…
Friday, July 24th, 2009Form 1040 is an individual income tax return form every qualifying taxpayer has to fill out annually and submit to the IRS. You only have to file form 1040 if you make more than a certain amount of money in a year.
Nonprofit Articles of Incorporation are…
Thursday, July 23rd, 2009Articles of incorporation are the basis of a legal document that describes the purpose of a company or a nonprofit organization, what it does, and how it is structured (much like the Constitution of the United States). Drafting articles of incorporation is the first step to starting a nonprofit or a corporation.
Nonprofit Seed Money is…
Thursday, July 23rd, 2009Seed money is the first round of funds given to a startup company or nonprofit organization to pay for getting it off the ground. For companies, this money is the first investment they receive and while risky, can be highly profitable for the investor if the company does well.