74

The unspoken point behind your question is that people often talk about the value of companies in terms of their market capitalisation which is the price of one share times the number of shares. This methodology has obvious flaws - if all the holders wanted to sell at once the price would plummet, and if someone tried to buy all the shares at once the price ...


73

As Flux said, "中国新年" is a literal translation of "Chinese New Year". CNY is 人民币 in Chinese. USD, EUR and CNY are not known from English. They are known from ISO 4217 standard. In fact, ISO 4217 could be different from what people ordinarily use. For example, CNY (ISO) is called RMB in China, CAD (ISO) is called CDN in Canada. To determine ...


49

The merchant is accepting a discounted price for their product. When the merchant has something for sale with a price listed as $100, if they accept a credit card payment with a discount rate of 3.7%, they are accepting a discounted price for their product. The consumer does not receive this discount; the bank does. When you, as a consumer, buy something ...


44

The term "billionaire" is not a legal or technical term; it can mean whatever you want it to mean. Most people would define it as someone who owns at least $1 billion in assets. If you own a company, and you convince one person to purchase 0.0001% of the company for $1000, you could argue that your company is worth $1 billion. Sure, call yourself ...


40

It appears that "c" is used in two ways in this press release: When the "c" comes after the number, it means "cents". For example, a basic EPS of "(34.1)c" means a deficit of 34.1 cents. This can be confirmed by looking at page 22 in the annual report, where it explicitly says that the basic EPS is "(34.1) cents&...


26

If my friend gives me a thousand dollars for 0.0001% of my "company", am I technically a Billionaire now? $1000 is definitely 0.0001% of $1Bn. You'd be a billionaire IF: you own the other 99.9999% of the company, and have the $1000 from your friend and other people would pay -- and continue to pay -- just as much as your friend for shares. (If ...


23

Discount rate is a financial concept and has nothing to do with the bargain between the customer and the merchant. When the merchant sells you $100 of goods on credit, a debt is created - you owe the merchant $100. Before credit cards were invented, the merchant would send you a bill at the end of the month and hope that you paid (suing customers is not good ...


21

This is maybe kind of stupid, but it's a mnemonic device that worked OK for me to get the hang of these two varieties of option. It may only work for American English in my particular region, so if it doesn't immediately help it might be better to abandon: You might call someone up, and you might put someone down. These are idiomatic in the English I've ...


20

I'm assuming this is a credit card/credit line/loan account because that's the context in which it makes sense. You pay your statement balance, then your account is credited due to a refund. This credit leaves your account with a negative balance, they write you a check for the negative balance amount and debit your account the amount of the check to bring ...


12

The owner of a call has the right to buy the underlying at the strike price any time before expiration. The seller of that call has the obligation to sell the underlying at the strike price if an owner exercises the call (the seller is assigned). The owner of a put has the right to sell the underlying at the strike price any time before expiration. The ...


12

I would use the phrase "check drawn on a United States bank." The payer's bank in a check transaction is referred to as the drawing bank, and the bank that the payee gives the check to for deposit or cashing is called the receiving bank.


11

tl;dr– Someone has a strong claim to billionaire-status if they have immediate ownership/control of at least a billion-USD and no debts/liabilities. Others might claim billionaire-status with various caveats. It'd seem reasonable to reject sufficiently unreasonable arguments. Strict definition of billionaire and various approximations. A reasonable ...


10

Not really answering your question, but I think it's better just to remember the existing words that are used. PUT option I have a stock, I have the option to put it back on the market. Like I would put the milk in the fridge. CALL option I don't have a stock, but I have the option to call one to me. Like I would call a dog to me.


9

When talking about a checking account, a deposit is a credit and a withdrawal is a debit. That leads many to think a credit to mean "add to the account" and a debit to mean "take something from the account". In accounting terms, a debit is something that increases assets or decreases liabilities, and a credit is something that does the ...


8

"wire transfer" typically means the "SWIFT" system and which, if for some reason you wanted to, you could read about on wikipedia or similar. (Which, as an aside - and this causes vast confusion - is little more than "an early email-type messaging system". {Most folks think that the money travels "by SWIFT", or ...


8

When a fee is expressed as a percentage, it can be a percentage of the total amount, or it can be a percentage of the original amount. "3.7%" under the former meaning means that there are $3.70 of fees for every $100 (that is, for every $100, there's $3.70 of fees and $96.70 going towards the original transaction), while under the latter meaning it ...


7

It is unusual for Canadian mortgages to have the same term and amortization. It's typical to have a 5 year term and a 25 year amortization, for example. But rather than guessing what the term is (such as thinking, "it's probably the same as the amortization"), the correct thing to do is ask (or look at the offer.) The interest rate will depend on ...


7

IRA is a special type of tax-advantaged account in the USA that is intended to encourage people to save and invest for their own retirement. In general, if you pull money out of an IRA before you reach retirement age, you lose the tax advantages and may even have to pay a penalty. Merriam-Webster defines Retirement as: 1a : an act of retiring : the state of ...


6

Initial balance: $0 You pay something with your card for $100 -> Debit of $100, balance $100 in their favour (shows as $100 on CC balance) You pay the credit card bill -> Credit of $100, balance is $0 Merchant refunds the $100 for whatever reason -> Credit of $100, balance is $100 in your favour (shows as -$100 on CC balance). They don't like that. ...


6

Internal Revenue Code section 7201 says: Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or ...


5

The back half of the year is the latter half, Q3 and Q4. In the Clorox case, it refers to a fiscal year.


4

Since the company had reported results for the first half of the fiscal year (Q2 results), the rest of the year would be the "back half". So "back half" sales would be sales in the next two quarters (Q3 and Q4).


4

If you understand the principle of options - that you can profit from a price rise (a long position) or from a price drop (a short position), then there is a trivial mnemonic to remember which is which: Call has 4 letters, and put has only 3 (shorter word!) - therefore a call is long, and a put is short!


4

Not an academic term but it's colloquially called picking up pennies in front of a steamroller. One example is selling far OTM options (Remember Wall Street’s Viral Laughingstock, OptionSeller.com?) In economics and finance, a Taleb distribution is the statistical profile of an investment which normally provides a payoff of small positive returns, while ...


4

Other answers explain nicely why you (as a person) aren't a billionnaire, at least solely on this basis. I will add a perspective from the point of view of company valuation, i.e. how much is a company worth (with who owns what part and what that means about their personal net worth an incidental consequence.) A company is worth what someone would actually ...


3

The term “wire transfer” generally refers to any electronic money transfer mechanism. That includes mechanisms such as SEPA. But in this context, it primarily refers to SWIFT. SWIFT works by partnering banks exchanging payment orders, until the payment reaches the recipient's bank. This is somewhat like packet routing in the internet. While SWIFT is the ...


3

For tax purposes "gross profit" is gross receipts (i.e. revenues from sales) less returns and allowances, and less costs of goods sold. For example, if your business is a department store, gross receipts is the cash that you are paid for things you sell, returns is money paid to someone who bought something and then returns it because it doesn't ...


3

Finance (and other professions I'm sure) often uses terms and phrases interchangeably and inconsistently, so it's not a function of the english language, but a function of these terms being used by fallable humans. "Gross profit" and "Gross margin" can be synonymous, and some use "gross margin" to mean the ratio. So it's not ...


3

CurrentValue1 stands for MarketValue CurrentValue2 stands for RelativeChange You don't realize profit/loss, unless you sell the stock. So, there is no cash flow here.


3

When you establish a new option position it is either: Buy to Open (BTO) or Sell To Open (STO) When you close an existing option position it is either: Buy To Close (BTC) or Sell To Close (STC) A closing position cancels an opening position. In other words: BTO + STC = no position STO + BTC = no position So if you sell to open a put and it is assigned (...


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