Big Biz Term of the Day

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WHOLESALE BANKING

September 8th, 2009 | Posted by Sully

What Does Wholesale Banking Mean?
Banking services between merchant banks and other financial institutions.  In other words, business to business banking.

KEYNESIAN ECONOMICS (UGH!)

September 4th, 2009 | Posted by Sully

Keynesian Economics

What Does Keynesian Economics Mean?
An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.
A supporter of Keynesian economics believes it is the government’s job to smooth out the bumps in business cycles. Intervention would come in the form of government spending [...]

FUTURES

September 3rd, 2009 | Posted by Sully

What Does Futures Mean?
A financial contract obligating the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a predetermined future date and price. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures [...]

BAIT AND SWITCH

September 2nd, 2009 | Posted by Sully

What Does Bait And Switch Mean?
A dishonest marketing tactic in which a marketer advertises a very attractive price/rate/term that is really a teaser rate meant to attract customers. Once the customer comes into the store/office to inquire about the advertised price/rate (the “bait”), the advertiser will attempt to sell the customer a more expensive product [...]

INVESTMENT HORIZON

September 1st, 2009 | Posted by Sully

 

What Does Investment Horizon Mean?
 
The total length of time that an investor will expect to hold any particular security or portfolio. The investment horizon is used to determine the income needs and desired risk exposure of the investor, which is then used to aid in security selection.
As investment horizons increase in length, equities represent a higher risk-adjusted return than fixed-income [...]

TWINTERNSHIP

August 31st, 2009 | Posted by Sully

What Does Twinternship Mean?
An internship in which the intern is charged with using social media such as Twitter and Facebook to drive attention to a company and its products. A twinternship is usually an unpaid (although paid positions are not uncommon), temporary position in which a “twintern” will use popular social media outlets to publicize products and promotions for [...]

WILDCATTING

August 28th, 2009 | Posted by bigbizshow

 

 

 
A policy instituted by the Securities and Exchange Commission (SEC) that calls for the review of an entire industry whenever critical problems (such as accounting fraud) are found within one or two companies in the industry.The origins of this term are derived from the oil industry, where companies drill for oil in unexplored or wild areas.

 

 
The SEC based this policy on [...]