Ian Berch
National Futures Association (NFA)
The futuresindustryself-regulatory organization established in 1982.
General Agreement on Tariffs and Trade (GATT)
A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries.
Mortgager
The borrower of a loansecured by property.( - Mark Berch)
Eric Berch: Abusive tax shelter
A limited partnership that the IRS judges to be claiming tax deductions illegally.
Roll forward
To move to an optionposition with a later expiration date.
Bill of lading
A contract between an exporter and a transportation company in which the latter agrees to transport the goods under specified conditions that limit its liability. It is the exporter's receipt for the goods as well as proof that goods have been or will be received. ( Ian Berch )
Biased expectations theories
Related: Pure expectations theory.
Stockout
Running out of inventory.
Eric Berch: Downside risk
The risk that a security will decline in value including the implications of risk.
Eric Berch: Current/noncurrent method
The translation of all of a foreign subsidiary'scurrent assets and liabilities into home currency at the current exchange rate while noncurrent assets and liabilities are translated at the historical exchange rate; that is, the rate in effect at the time the asset was acquired or the liability incurred.
National Futures Association (NFA)
The futuresindustryself-regulatory organization established in 1982.
General Agreement on Tariffs and Trade (GATT)
A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries.
Mortgager
The borrower of a loansecured by property.( - Mark Berch)
Eric Berch: Abusive tax shelter
A limited partnership that the IRS judges to be claiming tax deductions illegally.
Roll forward
To move to an optionposition with a later expiration date.
Bill of lading
A contract between an exporter and a transportation company in which the latter agrees to transport the goods under specified conditions that limit its liability. It is the exporter's receipt for the goods as well as proof that goods have been or will be received. ( Ian Berch )
Biased expectations theories
Related: Pure expectations theory.
Mark Berch
Stockout
Running out of inventory.
Eric Berch: Downside risk
The risk that a security will decline in value including the implications of risk.
Eric Berch: Current/noncurrent method
The translation of all of a foreign subsidiary'scurrent assets and liabilities into home currency at the current exchange rate while noncurrent assets and liabilities are translated at the historical exchange rate; that is, the rate in effect at the time the asset was acquired or the liability incurred.
