Month: March 2020

An order management system (OMS) is an electronic system developed to execute securities orders in an efficient and cost-effective manner. Brokers and dealers use order management systems when filling orders for various types of securities and can track the progress of each order throughout the system. An OMS is also referred to as a trade order management system.

A 408(k) account, commonly referred to as a Simplified Employee Pension (SEP) plan, is an employer-sponsored, retirement savings plan. The 408(k) plan is a simplified version of the popular 401(k) plan; however, it is intended for smaller companies, such as those with fewer than 25 employees.

The equity multiplier is a financial leverage ratio that measures the portion of company’s assets that are financed by stockholder’s equity. It is calculated by dividing a company’s total asset value by total net equity.

Privileged communication is an interaction between two parties in which the law recognizes a private, protected relationship. Whatever is communicated between the parties remains confidential, and the law cannot force their disclosure. Even disclosure by one of the parties comes with legal limitations. There are, however, exceptions that can invalidate a privileged communication and various circumstances under which it can be waived, either deliberately or unintentionally. Commonly cited relationships where privileged communication exists are those between attorney and client, doctor or therapist and patient, and priest and parishioner. read more

War economy is the organization of a country’s production capacity and distribution during a time of conflict. A war economy must make substantial adjustments to its consumer production to accommodate defense production needs. In a war economy, governments must choose how to allocate their country’s resources very carefully in order to achieve military victory while also meeting vital domestic consumer demands.