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Date: Tuesday 13th 2008f May 2008 09:18:17 AM

Glossary

 

K

 

Keiretsu:  A Japanese conglomerates who share resources among each other.

Our take: US Firms have imitated Keiretsu in recent years. For example: the close relationship between AOL and SunMicrosystems even when both firms don't have equity stakes of each other.

 

Keynesian Economic: Economic theory that states that government intervention is crucial in sustaining robust economic growth and productivity.

Our take: Intervention may come in the form of tax law change, government spending or export import rule such as tariff and quota.
 

Killer Application: A term used for a software products that are unique and are in demand in the marketplace.

Our take: Recent killer application category might include Google search engine.
 

Know Your Client: A standard rule for the investment industry that states that every investment advisors need to know their client's financial position, financial objectives, risk tolerance and investment knowledge before recommending any investment decision. 

Our take: This way, both party will be protected from harm. Investment advisors will recommend only investment that their clients are comfortable with.
 

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