Business Vocabulary

The degree to which an asset can be bought or sold in the market without affecting the asset price

A constant stream of identical cashflows with no end

Terminating stream of fixed payments over a specific period of time

A system whose behavior is intrinsically non-deterministic (random)

• 1. An elaborate conceptual structure
• 2. A building, expecially one of imposing appearance or size

An event without solicitation or prior agreement

Rapid, and often excessive, spread or increase

A point in production at which a +1 input of change is equal to +1 output of change

+1 unit input change = declining output

To blend, unite, or combine

Opposing or intending to restrain trusts, or monopolies or other large combinations of business & capital

1. The act of surrendering

2. Terms or articles of agreement between two goverments

Organization that promotes global monetary & exchange stability, facilitates balanced growth of international trade

Oversees national monetary policy, issues currency, is the Bank of the Goverment, manages exchange reserves

Being or occuring within the limits of a community, organization or institution

To seperate or sift

• "Winnowing what is true & significant"
• "Winnow out certain inaccuracies"

Suggestive of the labor of sisyphus

Sisyphus - doomed to roll a rock up a hill only to have it roll back down for eternity

Treasury or funds

Bring into peril

Process of renewel / rebuilding accompanied by influx of middle class and displacing lower class

To become feeble, weak or enervated

In a preliminary registration statement filed with SEC describing issuance of new stock, red herring is text in red describing amount of stock to be issued

Something that distracts attention from the real issue

Provision in underwriters agreement allowing additional shares to be sold to smooth price fluctuations druing an IPO

Origin or source, history of ownership of a valued object

Reason or justification for somethings or someone's existance

ray-son de-tra

A group of people having some unifying relationship

1. Moderatly warm

2. Marked by an absence of enthusiasm or convition

The sense or act of smelling

To sanction or approve

"could not begin without CEO's imprimatur"

im-prim-atur

Wrong doing or misconduct especially by a public official

mal-fee-sence

A formal acknowledgement of personal fault or error

"His public meaculpa did not satisfy"

Earnings before interest & taxes

Gross Income (Rev- COGS) - Operating Expense (Dep, Rent, Utilities)