Vertical analysis
Dividing each expense item in the income statement of a given year by net sales to identify expense items that rise more quickly or more slowly than a change in sales.
Completion risk
The risk that a project will not be brought into operation successfully or be able to pass its completion test.
Elephants
A term used to refer to large institutional investors.
Mark Berch:Capital appreciation fund
See: Aggressive growth fund
Market out clause
A clause that may appear in an underwriting firm commitment that releases it from its purchase requirement if there are negative securities market developments.
Subaccount
A term used in bookkeeping. For example, the insurance expense account may have various different subcategories such as building and property insurance, auto/fleet insurance, general liability, environmental, professional liability, law enforcement, and other insurance. Mark Berch
Firm
Refers to an order to buy or sell that can be executed without confirmation for some fixed period. Also, a synonym for company.
Dividing each expense item in the income statement of a given year by net sales to identify expense items that rise more quickly or more slowly than a change in sales.
Completion risk
The risk that a project will not be brought into operation successfully or be able to pass its completion test.
Elephants
A term used to refer to large institutional investors.
Mark Berch:Capital appreciation fund
See: Aggressive growth fund
Market out clause
A clause that may appear in an underwriting firm commitment that releases it from its purchase requirement if there are negative securities market developments.
Subaccount
A term used in bookkeeping. For example, the insurance expense account may have various different subcategories such as building and property insurance, auto/fleet insurance, general liability, environmental, professional liability, law enforcement, and other insurance. Mark Berch
Firm
Refers to an order to buy or sell that can be executed without confirmation for some fixed period. Also, a synonym for company.
