What Is a Lapse Ratio? A lapse ratio, or expiration ratio, is a measure of the number of policies issued by an insurance company that are not renewed compared to the number of policies that were active at the beginning of that same period. The ratio serves as an important indicator in the insurance industry
What Is a Large-Value Stock? A large-value stock refers to an investment style categorization comprising a large-cap stock that is also a value stock. A large-cap stock is generally considered to be the stock of a company with a market capitalization of more than $10 billion. A value stock is often considered underpriced based on
What Does Large-Cap (Big Cap) Mean? Large-cap (sometimes called “big cap”) refers to a company with a market capitalization value of more than $10 billion. Large cap is a shortened version of the term “large market capitalization.” Market capitalization is calculated by multiplying the number of a company’s shares outstanding by its stock price per share. A company’s stock is
What Is a Large Trader? A large trader is an investor or organization with trades that are equal to or exceed certain amounts as specified by the Securities and Exchange Commission (SEC). A large trader is defined by the SEC as “a person whose transactions in National Market System (NMS) securities equal or exceed two
Larry Ellison co-founded the software giant Oracle Corp. (ORCL) in 1977. Under his leadership, Oracle grew from a start-up with three programmers into the largest supplier of database software and the second-largest supplier of business applications in the world. Oracle’s rapid growth under Ellison’s leadership relied on his impressive track record in identifying and conquering
R. Lawrence (Larry) Montgomery was a retail executive and philanthropist who was best known for his role as chairman and chief executive officer (CEO) of Kohl’s. Based out of Wisconsin, the department store has both an impressive brick-and-mortar presence throughout the United States and a robust online presence. Montgomery was known for helping to turn
What Is the Last Trading Day? The last trading day is the final day that a futures contract, or other derivatives with an expiry date, may trade or be closed out before the delivery of the underlying asset or cash settlement must occur. At the end of the last trading day, the contract holder must be
What Is a Last Will and Testament? A last will and testament is a legal document that communicates a person’s final wishes pertaining to their assets. It provides specific instructions about what to do with their possessions. It will indicate whether the deceased leaves them to another person, a group, or wishes to donate them to
What Is Know Your Client (KYC)? Know Your Client (KYC) is a standard in the investment industry that ensures advisors can verify a client’s identity and know their client’s investment knowledge and financial profile. Three components of KYC include the customer identification program (CIP), imposed under the USA Patriot Act in 2001, customer due diligence
What Is the KOF Economic Barometer? The KOF Economic Barometer is a composite indicator that provides a reliable reading on the direction of GDP growth for the Swiss economy compared with the same quarter a year earlier. The KOF Economic Barometer is based on a multi-sectoral design with three modules: core GDP, construction, and banking.
