What Is a Kamikaze Defense? A Kamikaze defense is a defensive strategy sometimes resorted to by a company’s management to prevent a takeover by another company. While these strategies are named after the suicidal kamikaze attacks used by Japanese pilots during World War II, they rarely destroy the company. Nevertheless, a kamikaze defense involves taking
What Is Kanban? Kanban is an inventory control system used in just-in-time (JIT) manufacturing. It was developed by Taiichi Ohno, an industrial engineer at Toyota, and takes its name from the colored cards that track production and order new shipments of parts or materials as they run out. Kanban is a Japanese word that directly
What Is a Kangaroo Bond? A kangaroo bond is a type of foreign bond issued in the Australian market by non-Australian firms and is denominated in Australian currency. The bond is subject to the securities regulations of Australia. A kangaroo bond is also known as a “matilda bond.” Key Takeaways Kangaroo bonds are issued in
What Are Kangaroos? “Kangaroo” is a slang term used to describe the Australian stocks that comprise the country’s benchmark All-Ordinaries Index. The index consists of stocks of the most actively traded Australian companies. Key Takeaways Kangaroos refer colloquially to the stocks included in the Australian All-Ordinaries Index. The All-Ordinaries Index reflects is a benchmark of the
What Is Kappa? Kappa is the measurement of an option contract’s price sensitivity to changes in the volatility of the underlying asset. Volatility accounts for recent changes in price, historical changes in price, and future price moves. For a trading instrument, like an option, volatility is intended to capture the amount and speed at which the price
Who Was Karl Marx? Karl Marx (1818-1883) was a philosopher, author, social theorist, and economist. He is famous for his theories about capitalism, socialism, and communism. Marx, in conjunction with Friedrich Engels, published The Communist Manifesto in 1848; later in life, he wrote Das Kapital (the first volume was published in Berlin in 1867; the second and
What Is the Kazakhstan National Fund? The Kazakhstan National Fund is a sovereign wealth fund for Kazakhstan that is operated by the National Bank of the Republic of Kazakhstan. Key Takeaways The Kazakhstan National Fund is a sovereign wealth fund for Kazakhstan that is operated by the National Bank of the Republic of Kazakhstan.The Kazakhstan
What Is Keep and Pay? Keep and pay refers to a type of bankruptcy exemption. It lets a person keep an asset such as a house or car, provided that the individual continues to make payments. Key Takeaways Keep and pay is a strategy to keep an asset while continuing to make payments on it
What Is a Joint Account? A joint account is a bank or brokerage account shared between two or more individuals. Joint accounts are most likely to be used by relatives, couples, or business partners who have a level of familiarity and trust with each other. A joint account functions like a standard account, such as
What Is a Joint Bond? A joint bond is sold with a guarantee of the payment of principal and interest by at least two parties. In the case of default by the issuer, the bondholders have the right to claim repayment by any and all of the issuing institutions, corporations, or individuals. This shared responsibility reduces
