what is the "available seat miles"?
Category: glossary by Korbin H. From Luxembourg, Luxembourg
This refers to how many seat miles were actually available for purchase on an airline. If all of the seats on the plane are not sold, then the ASM indicates the overall capacity the airline is operating at. Basically a measure of an airline's traffic.
please define the "bank letter of credit policy"
Category: glossary by Tristian K. From Austria
"bank letter of credit policy " is An insurance policy that allows U.S. Banks to confirm letters of credit issued by foreign financial institutions, facilitating the purchase of domestic exports. The policy was established by the Export-Import Bank of the United States and insures the domestic bank against the possible default of the foreign institution. Remember, banks take on additional risk when dealing in overseas transactions. Political risk, such as warfare or government intervention, can wipe out a borrower's ability to reimburse the bank. Furthermore, in smaller, less stable nations, foreign exchange risk can be very large. The policy protects banks against any inconvertibility arising from foreign exchange issues.
please tell me what a "cash return on gross investment - cROGI" is
Category: glossary by V. Hays from Dublin, Ireland
the "cash return on gross investment - cROGI " is A measure of financial performance calculated as gross cash flow after taxes divided by gross investment. CROGI is used by some companies as an indicator for rate of return. Another way to calculate this measure is EBITDA less taxes and then divided by total assets.
do you know what the "narrow money" is?
Category: glossary by R. Gallagher from Burnaby, Canada
"narrow money " is Another name for M1 in the USA and M0 in the UK (see'money supply').
do you know what "GDP gap" is?
Category: glossary by Konnor O. From United States
a "GDP gap " is The forfeited output of a country's economy resulting from the failure to create sufficient jobs for all those willing to work. A GDP gap denotes the amount of production that is irretrievably lost. The potential for higher production levels is wasted because there aren't enough jobs supplied.
What guarantees the safety of my private details and the security of the program in a certain forex trading site?
Category: technical by D. E. From Cork, Ireland
You should look for a forex trading site that's certificated and regulated by reliable groups, like BVI. Many popular forex trading sites are connected to them. Whenever a place says its site is certificated and regulated by BVI, you can ensure your financial details are safe in this place. A top notch example for such a forex trading site is "GCI".
do you know what a "12B-1 plan" is?
Category: glossary by Broderick O. From Springfield, United States
"12B-1 plan " is A no-load mutual fund that is allowed to use fund assets to pay for its distribution costs. The 12B-1 plan mutual fund is an alternative to paying the sales fees encountered in loaded funds. By charging an annual percentage based on the current value of the investment on an annual basis, investors avoid paying a front-end or back-end load when purchasing or redeeming the fund. The government typically restricts 12B-1 fees to 1% of the current value of the investment on an annual basis, but they generally fall somewhere between 0.25-1%. This fee must be voted on by the mutual fund's directors, and must be disclosed in the mutual fund prospectus. Because this fee is a little less obvious (not an upfront charge like the 12B-1 fee), investors should read mutual fund documentation thoroughly to understand the fees they are paying.
what is "tick"?
Category: glossary by H. E. From Richmond, Canada
The smallest possible change in a price, either up or down.
Which site would you suggest for an inexperienced trader?
Category: platform by Macie E. From Green Bay, United States
We think "GCI" is exactly the one to consider if you need a site which includes advanced manuals for beginners advices and instructions. They include awesome manuals for beginners, with easy to follow interface and instructions. You can definitely catch up reading them.
what is the "interbank rates"?
Category: glossary by X. Sutton from Ireland
The Foreign Exchange rates at which large international banks quote other large international banks.