please define "BTN"
Category: glossary by Dallas G. From Chicago, United States
The currency abbreviation for the Bhutanese ngultrum, the currency for Bhutan. The Bhutanese ngultrum is made up of 100 chhertum ("chetrums" before 1979) and is often presented with the symbol Nu. The word ngultrum is derived from the word "ngul" meaning "silver," in the Bhutanese Dzongkha language. Bhutanese ngultrum is controlled and issued by the Royal Monetary Authority of Bhutan. The Bhutanese ngultrum was first seen in 1974, when it replaced the Indian rupee at 1:1. Tikchungs were backed by rupees and were used as currency until the early 1970s. Due to an inability to properly back the Tikchungs with rupees, they were phased out and rupees were kept as the main currency until 1974. The name for the coins changed from chetrum to chhertum in 1979 when new coins of the same value were issued. As of 2008, the ngultrum can be interchanged with the Indian rupee, and Indian banknotes and coins freely circulate in Bhutan.
Can you help a guy who's in need of a forex trading platform with cordial mail tech support service?
Category: general by W. L. From Allentown, United States
We believe "Easy Forex" is exactly the place if you want a forex trading platform with a helpful support people. The support people are great. They are very clear and they're just helping.
please define the "first in first out"
Category: glossary by W. X. From Monaco
Open positions are closed according to the FIFO accounting rule. All positions opened within a particular currency pair are liquidated in the order in which they were originally opened.
what is an "economic value added - eVA"?
Category: glossary by Z. Herring from Monte-Carlo, Monaco
the "economic value added - eVA " is A measure of a company's financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit (adjusted for taxes on a cash basis). (Also referred to as "economic profit".) The formula for calculating EVA is as follows: = Net Operating Profit After Taxes (NOPAT) - (Capital * Cost of Capital) This measure was devised by Stern Stewart & Co. Economic value added attempts to capture the true economic profit of a company.
do you know what the "bottom up "is?
Category: glossary by Marilyn O. From United States
a "bottom up " is An investment strategy that looks at the performance of individual companies to build a portfolio rather than starting with the sectoral allocation. Opposite of top down.
what is a "back office"?
Category: glossary by Lawson W. From Aberdeen, United Kingdom
the "back office " is Administration and support personnel in a financial services company. They carry out functions like settlements, clearances, record maintenance, regulatory compliance, and accounting. When order processing is slow due to high volume, it is commonly referred to as "back office crunch." A financial services company is logically broken up into three parts: the front office includes sales personnel and corporate finance, the middle office manages risk and IT resources, and the back office provides administrative and support services.
What guarantees the safety of my private details and the security of the program in a certain site?
Category: technical by S. Bradley from United States
You should look for a site that's licensed by recognized foundations, like NFA(US), FSA(GB) or CBRC(China). If you know a site is certificated and regulated by NFA(US), FSA(GB) or CBRC(China), it ensures your money is safe in this site. Good example for such a site is "CMC Markets".
please define "white knight"
Category: glossary by C. Vasquez from Ireland
A company that makes a friendly takeover offer to a target company that is being faced with a hostile takeover from a separate party. The knight in shining armor gallops to the rescue!
please tell me what the "inheritance tax" is
Category: glossary by V. Pacheco from United Kingdom
In some states in the U.S. (and in the United Kingdom), a tax imposed on those who inherit assets from a deceased person. The tax rate for inheritance taxes depends on the value of the property received by the heir or beneficiary and his/her relationship to the decedent. Inheritance tax is known in some countries as a "death duty" and is occasionally called "the last twist of the taxman's knife". Inheritance tax is not the same as estate tax, which is imposed on the total value of a person's estate when that person dies. Rather, inheritance tax is imposed on the property that is passed to an heir.
Will you give me a suggestion for a foreign exchange online trading system that's known for its hi-tech software?
Category: platform by I. Stephenson from Canada
If you seek a forex platform that provides a stylish platform, we definitely recommend you to go to "Finexo Ltd.". The design is really neat and the trading environment is a totally accessible one - this place is growing to be one of the leading examples of how a forex platform should look. Also, the download and installation of the platform is trouble-free - the communication is flowing, it doesn't break off ever in the middle of downloading, and it's simple to learn and start playing.