Category: glossary , Asked by: I. Z. From Lakewood, United States
A: A currency created by the IMF to use as an unit of account. The value of an SDR moves according to the fluctuations of the composite traded currencies, including the dollar, yen and euro. Visit FXCM
Category: glossary by T. M. From Luxembourg
"OEX " is The ticker symbol for the Standard & Poor's 100 Index. The S&P 100 is a market-capitalization weighted index of 100 stocks from a broad range of industries.
Category: glossary by Patrick N. From Canada
the "baptism of fire " is A difficult situation that a company or individual experiences that will result in either success or failure. Examples include Initial Public Offerings (IPOs), a new CEO hired to manage a struggling company, and hostile takeover attempts. A baptism of fire will either weaken or strengthen the entity involved. The phrase is an allusion to the Bible in both Acts 2:3-4 and Matthew 3:11.
Category: glossary by X. Velazquez from Naperville, United States
A benefit payable by the state to employed people who become sick and unable to work for more than three days and are not entitled to statutory sick pay (payment by the employer for the first eight weeks of sickness). Where employers pay their employees s
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