What Is a Small Saver Certificate (SSC)? A small saver certificate (SSC) is a deposit savings account with a small minimum balance requirement or no minimum at all. Minor-aged children, as well as young adults, tend to invest in them. The certificates pay either a fixed rate of interest for a specific term or a
What Is a Small Trader? A small trader refers to a market participant whose buying and selling activity is small enough for them to be exempt from certain regulatory requirements. It is often used to refer to retail traders or small financial firms, whose trading volumes are relatively low. Large traders, by contrast, are required
What Are Cryptocurrency Smart Assets? Smart assets are unique virtual currency tokens that may represent a tangible real-world asset or non-tangible ownership that can be purchased, sold, or exchanged as defined by the rules of smart contracts on the blockchain network. Key Takeaways Smart assets are the underlying assets of smart contracts.NEM, which stands for
What Is a Smart Contract? A smart contract is a self-executing program that automates the actions required in an agreement or contract. Once completed, the transactions are trackable and irreversible. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or
What Is a Smart Home? A smart home refers to a convenient home setup where appliances and devices can be automatically controlled remotely from anywhere with an internet connection using a mobile or other networked device. Devices in a smart home are interconnected through the internet, allowing the user to control functions such as security access
What Is Smart Money? Smart money is the capital that is being controlled by institutional investors, market mavens, central banks, funds, and other financial professionals. Smart money was originally a gambling term that referred to the wagers made by gamblers with a track record of success. Key Takeaways Smart money is capital placed in the
What Is a Smartphone? The term smartphone refers to a handheld electronic device that provides a connection to a cellular network. Smartphones were introduced to the world in 1994 by IBM but have since expanded to include companies like Apple and Samsung. Although they were originally meant to allow individuals to communicate via phone and email
What Is the Smart Traveler Enrollment Program? The Smart Traveler Enrollment Program is a service that allows travelers to register their trip with the nearest U.S. embassy or consulate. The Smart Traveler Enrollment Program (STEP) is a free service offered by the U.S. Department of State’s Bureau of Consular Affairs to U.S. citizens and nationals
What Is the Smeal College of Business? The Smeal College of Business is a business school located at the Pennsylvania State University. The school offers undergraduate degrees, as well as graduate programs such as the Master of Business Administration (MBA). The college is home to departments in many of the traditional business school areas, such
What Is the Security Market Line? The security market line (SML) is a line drawn on a chart that serves as a graphical representation of the capital asset pricing model (CAPM)—which shows different levels of systematic, or market risk, of various marketable securities, plotted against the expected return of the entire market at any given
