Content tagged with “finance”

There are 16 item(s) tagged with “finance” on this site.

Other tags used by these items: history, business, accounting, crime, politics, acronym, investing

The Ascent of Money: A Financial History of the World
Section
Deane’s Library
Type
Book Review
Date
August 7, 2021
Words
142

“An interesting book, but also not what the title would suggest – the subtitle anyway. This was not an all-encompassing history of money and finance. The book starts with Jewish moneylenders in Venice, and then goes on to discuss the bond market, the stock market, real estate, etc. It’s basically a…”

Bank Holding Company
Section
Stuff I Looked Up
Type
Explanation
Date
August 21, 2022
Words
212

“ This is a company that owns banks, but doesn’t necessarily do banking itself. There are a lot of laws and regulation around banking. A bank holding company – a ‘bancorp’ – operates under different rules than banks, which can make it easier for them to borrow money. ”

Commercial Paper
Section
Stuff I Looked Up
Type
Explanation
Date
October 13, 2024
Words
384

“This is short-term, unsecured debt, issued by corporations to fund day-to-day activities. It’s normally effected by selling promissory notes at a discount. To ‘issue’ commercial paper means to ask for a loan, basically. Most buyers of commercial paper are banks and other financial institutions. So…”

EBITDA
Section
Stuff I Looked Up
Type
Explanation
Date
July 9, 2022
Words
166

“It’s an acronym for ‘earnings before interest, taxes, depreciation, and amortization.’ By definition, this will always be larger than ‘normal’ earning figures, which subtract those four things. EBITDA measures the health of a company’s operating business , meaning the things it actually produces to…”

Hawala
Section
Stuff I Looked Up
Type
Explanation
Date
May 29, 2023
Words
418

“This is an informal, traditional method of money transfer which started in India and is common in Africa and the Middle East. In its simplest form, a Hawala network operates as a set of promises: ‘Can your friend Bob give my friend Ted some money?’ There are four parties to a Hawala transaction:…”

Hedge Fund
Section
Stuff I Looked Up
Type
Explanation
Date
September 8, 2021
Words
280

“This is a pooled investment fund where a group of people contribute money, and the total funds are invested with returns to be distributed. Shares in the fund can also be bought and sold. In these senses, it’s no different from a mutual fund. But there are some key differences: Mutual funds are…”

SWIFT Network
Section
Stuff I Looked Up
Type
Explanation
Date
September 8, 2021
Words
554

“This is the ‘internet for banks,’ basically. It’s a worldwide messaging system which banks use to exchange data and payment orders. If you need to transfer money from one bank to another, this message gets sent along the SWIFT Network. SWIFT technically stands for ‘Society for Worldwide Interbank…”

TARP
Section
Stuff I Looked Up
Type
Explanation
Date
September 13, 2022
Words
1630

“TARP – the Troubled Asset Relief Program – was the famous ‘$700 billion bailout’ that the U.S. government undertook in 2008 to try and stave off the mortgage crisis. The crisis that led to this program was the basis for the book (and movie) Too Big To Fail . Did the government lose $700 billion?…”

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis – and Themselves
Section
Deane’s Library
Type
Book Review
Date
August 22, 2022
Words
343

“This is the story of one week in 2008 – the week when Lehman Brothers was about to fail, and then almost everything went with it. It was the week that ended with TARP – the $700 billion Wall Street bailout package. And to be clear: this is 600 pages about that one week . It’s a nauseatingly…”