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Subject: Music

This US group was formed in Los Angeles, California, in 1978 by Steve Allen (guitar, vocals) and Ron Flynt (bass, vocals), two expatriate musicians from Tulsa, Oklahoma. Drummer Mike Gallo ...

Bain, Joe S., Jr.

Bain, Joe S., Jr.  

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(1912–1991)Joe Bain was born in Spokane, Washington in 1912 and died 7 September 1991 in Columbus, Ohio. He obtained his A.B. degree from the University of California at Los ...
account day

account day  

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Formerly, the day on which all transactions made during the previous account on the London Stock Exchange were settled. Since the account system was abandoned in 1996, transactions have to be settled ...
profit warning

profit warning  

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An announcement by a company that its future profits will be significantly lower than previously announced or forecast.
till money

till money  

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The banknotes and coins held by a UK bank. In the USA this is known as vault money.
Lloyd's adviser

Lloyd's adviser  

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A person who negotiates membership of individual syndicates and presents analyses on behalf of corporate members of Lloyd's.
NSC

NSC  

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1 Abbreviation for National Savings Certificate. See National Savings.2 Abbreviation for Nouveau Système de Cotation. See Paris Bourse.
black knight

black knight  

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A person or firm that makes an unwelcome takeover bid for a company. Compare grey knight; white knight.
chargeable event

chargeable event  

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Any transaction or event that gives rise to a liability to income tax or to capital gains tax.
defended takeover bid

defended takeover bid  

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A takeover bid for a company in which the directors of the target company oppose the bid.
wholly owned subsidiary

wholly owned subsidiary  

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A subsidiary undertaking that is owned 100% by a holding company (i.e. there is no minority interest).
Financial Reporting Release

Financial Reporting Release  

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In the USA, a pronouncement on financial reporting policy made by the Securities and Exchange Commission.
paisa

paisa  

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(plural paise)A monetary unit of Bangladesh, Bhutan, India, Nepal, and Pakistan, worth one hundredth of a rupee.
gold certificate

gold certificate  

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A statement certifying ownership of current gold holdings, issued by the US Treasury Department to Federal Reserve Banks.
nudum pactum

nudum pactum  

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(Latin: nude contract)An agreement that is unenforceable in British law because no consideration is mentioned. See contract.
statement of changes in financial position

statement of changes in financial position  

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The US equivalent of the UK source and application of funds or cash-flow projection.
sight draft

sight draft  

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Any bill of exchange that is payable on sight, i.e. on presentation, irrespective of when it was drawn.
exploding option

exploding option  

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An exotic option in which exercise is automatic if the price of the underlying reaches the exercise price.
drip-feed

drip-feed  

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To fund a new company in stages rather than by making a large capital sum available at the start.
Deutsche Aktienindex

Deutsche Aktienindex  

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(DAX)The main share index on the Frankfurt Stock Exchange. Introduced in 1988, it is a real-time index of 30 leading German companies. The MDAX index lists a further 50 companies representing various ...
financial risk

financial risk  

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The risk that a firm will not be able to meet its monetary commitments, notably any debt-related payments.

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