A market is a place where two parties can gather to facilitate the exchange of goods and services. The parties involved are usually buyers and sellers. The market may be physical like a retail outlet, where people meet face-to-face, or virtual like an online market, where there is no direct physical contact between buyers and sellers.
A distribution-in-kind, also referred to as a distribution-in-specie, is a payment made in the form of securities or other property rather than in cash. A distribution-in-kind may be made in several different situations, including the payment of a stock dividend or inheritance, or taking securities out of a tax-deferred account. It can also refer to the transfer of an asset to a beneficiary over the option of liquidating the position and transferring the cash.
Socialism is a populist economic and political system based on public ownership (also known as collective or common ownership) of the means of production. Those means include the machinery, tools, and factories used to produce goods that aim to directly satisfy human needs. Communism and socialism are umbrella terms referring to two left-wing schools of economic thought; both oppose capitalism, but socialism predates the Communist Manifesto, an 1848 pamphlet by Karl Marx and Friedrich Engels, by a few decades.
Underinsured Motorist Coverage Limits Trigger is one of the two triggers that can be specified by an insured party to protect against losses caused by an accident with a driver who has insufficient insurance. The underinsured motorist coverage limits trigger ensures that in the event of an accident caused by a driver with inadequate insurance, the underinsured motorist coverage comes into effect when the underinsured driver’s liability limit is lower than that of the insured person or policy holder. The other trigger for underinsured motorist coverage is the damages trigger.
An unintentional tort is a type of unintended accident that leads to injury, property damage, or financial loss. In the event of an unintentional tort, the person who caused the accident did so inadvertently and typically because they were not being careful. The person who caused the accident is considered negligent because they failed to exercise the same degree of care that a reasonable person would have in the same situation.
Underinsured Motorist Coverage Limits Trigger is one of the two triggers that can be specified by an insured party to protect against losses caused by an accident with a driver who has insufficient insurance. The underinsured motorist coverage limits trigger ensures that in the event of an accident caused by a driver with inadequate insurance, the underinsured motorist coverage comes into effect when the underinsured driver’s liability limit is lower than that of the insured person or policy holder. The other trigger for underinsured motorist coverage is the damages trigger.
An unintentional tort is a type of unintended accident that leads to injury, property damage, or financial loss. In the event of an unintentional tort, the person who caused the accident did so inadvertently and typically because they were not being careful. The person who caused the accident is considered negligent because they failed to exercise the same degree of care that a reasonable person would have in the same situation.
XD is a symbol used to signify that a security is trading ex-dividend. It is an alphabetic qualifier that acts as shorthand to tell investors key information about a specific security in a stock quote. Sometimes X alone is used to indicate that the stock is trading ex-dividend. Qualifiers can vary depending on where the stock is quoted, because the various news and market data services that provide stock quotes may use different qualifiers. These symbol letters may occur as part of a display on a broker’s trading platform, on a charting program or in a timely published report.
A contra account is used in a general ledger to reduce the value of a related account when the two are netted together. A contra account’s natural balance is the opposite of the associated account. If a debit is the natural balance recorded in the related account, the contra account records a credit.
Shareholders of a company facing a restructuring or a buyout may often receive contingent value rights (CVRs). These rights ensure that the shareholders get certain benefits if a specific event occurs, usually within a specified time frame. These rights are similar to options because they frequently have an expiration date, beyond which the rights to the additional benefits will not apply. CVRs are usually related to the performance of a company’s stock.