What Is a Killer Application? A killer application—or a killer app—is a software program with a user-interface perceived as innovative enough to influence computing trends and sales. The term dates to the early development of personal computers and software in the 1980s, when accounting, database, and word-processing applications were first being developed for mass use.
What Are Killer Bees? Killer bees are companies or individuals—such as investment bankers, accountants, attorneys, and tax specialists—that help target firms avoid being taken over by an unwanted suitor. Their job is to devise and implement anti-takeover defense strategies, which generally consist of making the target less attractive or more difficult or costly to acquire. Key
What Is the Kimchi Premium? The kimchi premium is the gap in cryptocurrency prices in South Korean exchanges compared to other exchanges located globally. The kimchi premium is predominantly seen in the price of the cryptocurrency Bitcoin (BTC). In other words, the price of Bitcoin might be listed at a higher price on a South
What Is Kiwi Bond? The term Kiwi Bond refers to a type of fixed income security offered and backed by the government of New Zealand. Kiwi Bonds provide investors with a fixed rate of interest for a set period of time—anywhere from six months to four years—and may be purchased for as little as NZ$1,000
What Is the Kuala Lumpur Stock Exchange (KLSE)? The Kuala Lumpur Stock Exchange (KLSE) is the former name of a Malaysian stock exchange located in the capital city of Kuala Lumpur. The KLSE dates back to 1930 and was specifically created to allow the trading of Malaysian securities. The exchange went through several name changes over the
What is a Knock-In Option? A knock-in option is a latent option contract that begins to function as a normal option (“knocks in”) only once a certain price level is reached before expiration. Knock-ins are a type of barrier option that are classified as either a down-and-in or an up-and-in. A barrier option is a type of
What Is the Knowledge Economy? The knowledge economy is a system of consumption and production that is based on intellectual capital. In particular, it refers to the ability to capitalize on scientific discoveries and applied research. The knowledge economy represents a large share of the activity in most highly developed economies. In a knowledge economy
What Is Knowledge Engineering? Knowledge engineering is a field of artificial intelligence (AI) that creates rules to apply to data to imitate the thought process of a human expert. It looks at the structure of a task or a decision to identify how a conclusion is reached. A library of problem-solving methods and the collateral
What Is a Jumbo Loan? A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. Designed to finance luxury properties
What Is a Jumbo Pool? A jumbo pool is a pass-through Ginnie Mae II mortgage-backed security (MBS) that is collateralized by multiple-issuer pools. These pools combine mortgage loans with similar characteristics and are more massive than single-issuer pools. The mortgages contained in jumbo pools are more diverse on a geographical basis than are those in single-issuer pools.
