Industrial Organization
Key takeaways – Industrial organization (IO) is the branch of economics that studies how firms behave in markets, how industries are structured, and how…
Kicker
A kicker (aka a sweetener or wrinkle) is an extra feature that a borrower or issuer adds to a debt instrument or loan to…
Leadership Grid
The Leadership Grid (originally the Managerial Grid) is a behavioral model of leadership developed by Robert R. Blake and Jane S. Mouton in the…
Key Rate Duration
Key rate duration (KRD) is a measure of how much the price of a bond—or a bond portfolio—changes when the yield at a single…
Mobile Wallet
A mobile wallet is software on a smartphone, tablet, or wearable that stores payment cards (credit or debit), loyalty cards, tickets, IDs and other…
Mobile Commerce
Mobile commerce (m‑commerce) is the buying and selling of goods and services, plus other financial transactions (banking, bill pay, investing), conducted on mobile devices…
Indirect Loan
An indirect loan is a consumer or commercial installment loan arranged through an intermediary (most commonly a dealer, retailer or broker) rather than directly…
Kondratiev Wave
Key takeaway – A Kondratiev Wave (K-wave or long wave) is a proposed ~40–60 year pattern of long-term economic expansion and contraction, originally identified…
Key Currency
Key takeaways – A key currency is a widely used, relatively stable currency that serves as a reference or benchmark in international trade and…
Leveraged Employee Stock Ownership Plan Lesop
A leveraged employee stock ownership plan (LESOP) is a form of ESOP (employee stock ownership plan) in which the company borrows money to purchase…