An investment banker is a banker who works on large and complicated transactions and financial systems in the investing world. Investment bankers are contrasted with traditional bankers, who are associated with traditional savings and loan banks, and perform more mundane banking duties, such as mortgages and small business loans. Investment Banking Investment banks are at […]
A prospectus is a formal legal document that provides details about a public investment offering. It is a legal prerequisite for a public investment offering in all advanced modern economies and needs to be filed with the appropriate regulatory body or bodies. Prospectus Types While there are a large variety of prospectus types, they generally […]
An underwriter is a financial intermediary that takes on some of the risk of another financial actor for a commission, fee, interest payment, spread or some other special privilege. Underwriters are prevalent in a wide variety of financial sectors, primarily insurance, equities, mortgages and credit securities. The Role of the Underwriter Underwriters are essentially the […]
Blockchain is the technology that underpins the operation of all cryptocurrencies, as well as a variety of other cryptographic processes. Blockchain works as a distributed ledger system that is generated independently by a number of uncoordinated participants, which means that no one individual or organization can tamper with the generation of the distributed ledger. Blockchain […]
Parity is a financial term that has a variety of uses, but generally describes situations where two or more objects or individuals are considered equal in some way. Underlying this concept of parity is the idea that one or more different objects are equal or relatable in one or more ways. Parity and Convertible Bonds […]
Book value refers to the accounting value of an asset or company. The book value of an asset is its cost minus any depreciation. The book value of a company is the total value of all its physical assets, which excludes any intangible assets, minus its liabilities. In both cases, the book value is essentially […]
The New York Mercantile Exchange, or NYMEX, is the largest exchange for physical commodity futures in the world. The NYMEX has been part of the Chicago Mercantile Exchange Group, or CME, since 2008, and offers global benchmarks for key derivatives areas, including energy, agricultural products and metals. The NYMEX is overseen by the Commodity […]
Wealth is the total assets minus the total liabilities of an individual, organization or government. Wealth is effectively the sum of resources available for disposal at any given time. Wealth is calculated according to current market rates, or appraised estimates when an effective market pricing mechanism does not exist. The Significance of Wealth Wealth is […]
Capital expenditure, or CapEx, is the money spent by a company on buying, improving and maintaining physical assets, including buildings, machinery and property. CapEx is often a major component of a company’s expansion efforts, though large companies with existing businesses may also have substantial capital expenditures strictly from the maintenance and upgrading of their existing […]
The American Stock Exchange, or AMEX, is the 3rd biggest exchange by volume in the United States. The AMEX is headquartered in New York City, and currently handles approximately 10% of all the securities traded in America. While the AMEX was originally envisioned as a competitor to the dominant NYSE in American equity trading, it […]
