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Fixed-Income Security

Bonny
June 19
A fixed-income security is an investment that provides a return in the form of fixed periodic interest payments and the eventual return of principal at maturity. Unlike variable-income securities, where payments change based on some underlying measure—such as short-term interest rates—the payments of a fixed-income security are known in advance.

Just-in-Time (JIT)

Bonny
June 16
The just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules. Companies employ this inventory strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs. This method requires producers to forecast demand accurately.

Law of Supply

Bonny
June 16
The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa. The law of supply says that as the price of an item goes up, suppliers will attempt to maximize their profits by increasing the number of items for sale.

Net Operating Income (NOI)

Bonny
June 14
Net operating income (NOI) is a calculation used to analyze the profitability of income-generating real estate investments. NOI equals all revenue from the property, minus all reasonably necessary operating expenses.

Per Capita GDP

Bonny
June 14
Per capita gross domestic product (GDP) is a financial metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a nation by its population.

Wholesale Price Index (WPI)

Bonny
June 09
A wholesale price index (WPI) is an index that measures and tracks the changes in the price of goods in the stages before the retail level. This refers to goods that are sold in bulk and traded between entities or businesses (instead of between consumers). Usually expressed as a ratio or percentage, the WPI shows the included goods' average price change; it is often seen as one indicator of a country's level of inflation.

Zero-Coupon Inflation Swap (ZCIS)

Bonny
June 08
A zero-coupon inflation swap (ZCIS) is a type of derivative in which a fixed-rate payment on a notional amount is exchanged for a payment at the rate of inflation. It is an exchange of cash flows that allows investors to either reduce or increase their exposure to the changes in the purchasing power of money.

Series 63

Bonny
June 08
The Series 63 is a securities exam and license entitling the holder to solicit orders for any type of security in a particular state. To obtain a Series 63 license, the applicant must pass an exam and possess knowledge of ethical practices and fiduciary obligations.