15 January 2008
Adverse Opinion
An independent auditor's statement annexed to a company's financial statement that indicates the financial statement does not accurately reflect the company's true financial position.
14 January 2008
Deep Pockets
In financial speak, it is a reference to an investor or company with cash reserves. Deep pockets are very useful in buyouts.
In the legal world, deep pockets refers to the defendant in a case with the most insurance or assets from whom recovery can be made.
Well... that's sort of the same thing...
In the legal world, deep pockets refers to the defendant in a case with the most insurance or assets from whom recovery can be made.
Well... that's sort of the same thing...
Decimal Pricing
The use of decimals in quoting prices on securities rather than using fractions. Fractions were used prior to 2000.
Subscribe to:
Posts (Atom)