What Is the Dojima Rice Exchange? The Dojima Rice Exchange was a commodity futures exchange specializing in rice. Founded in 1697 in Osaka, Japan, the Dojima Rice Exchange is considered the world’s first commodity futures exchange. Although the Dojima Rice Exchange was dissolved in 1939, it is succeeded by the Osaka Dojima Commodity Exchange (ODE)
What Is a Dollar Bear? A dollar bear is an investor who is pessimistic, or “bearish,” about the prospects of the U.S. dollar (USD). Dollar bears will typically seek to buy foreign currencies, anticipating that their value will rise relative to the declining USD. The opposite of a dollar bear is a dollar bull, who
What Is Dollar-Cost Averaging? Investing can be challenging. Even experienced investors who try to time the market to buy at the most opportune moments can come up short. Dollar-cost averaging is a strategy that can make it easier to deal with uncertain markets by making purchases automatic. It also supports an investor’s effort to invest
What Is Dollar Drain? A dollar drain is when a country imports more goods and services from the United States than it exports back to the U.S. The net effect of spending more money importing than is received from exporting causes a net reduction in the total U.S. dollar reserves of that country. The concept can
What is the Dollar Duration The dollar duration measures the dollar change in a bond’s value to a change in the market interest rate. The dollar duration is used by professional bond fund managers as a way of approximating the portfolio’s interest rate risk. Dollar duration is one of several different measurements of bond’s duration
What Is Dollarization? Dollarization is the term for when the U.S. dollar is used in addition to or instead of the domestic currency of another country. It is an example of currency substitution. Dollarization usually happens when a country’s own currency loses its usefulness as a medium of exchange, due to hyperinflation or instability. Key
What Is Dollar-Value LIFO? Dollar-value LIFO is an accounting method used for inventory that follows the last-in-first-out model. Dollar-value LIFO uses this approach with all figures in dollar amounts, rather than in inventory units. It provides a different view of the balance sheet than other accounting methods such as first-in-first-out (FIFO). In an inflationary environment
What Is a Domestic Box Office Receipt (DBOR) Futures Contract? A Domestic Box Office Receipt (DBOR) futures contract is a type of derivative product whose value is based on the future box office revenues generated from an upcoming movie. These products were briefly authorized in the United States in June 2010 but were banned shortly
What Is a Domicile? Your domicile is the place where you maintain a permanent home. Your country of domicile means the country you permanently reside in. Your intent to remain in this place indefinitely makes it your domicile and makes you the place’s domiciliary. In essence, it is how you define your domicile. And your
What Is the MSCI KLD 400 Social Index? The MSCI KLD 400 Social Index is a market capitalization-weighted stock index focusing on companies that maintain high environmental, social, and governance (ESG) standards. Founded in 1990, it was previously known as the Domini 400 Social Index and was named after Amy Domini, one of the founders
