What Does “Spider” Mean? Spider (SPDR) is a short form name for a Standard & Poor’s depository receipt, an exchange-traded fund (ETF) managed by State Street Global Advisors that tracks the Standard & Poor’s 500 index (S&P 500). Each share of an SPDR contains a 10th of the S&P 500 index and trades at roughly
What Is a Spinning Top Candlestick? A spinning top is a candlestick pattern that has a short real body that’s vertically centered between long upper and lower shadows. The candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand. A candlestick pattern forms when the buyers
What Is a Split Limit? A split limit is an insurance policy provision that states different maximum dollar amounts the insurer will pay for different components of a claim. These policies, also referred to as split liability policies, are commonly part of the automobile insurance industry and generally come with three types of claims: bodily
What Is a Split Payment? A split payment involves using multiple payment sources to settle the whole cost of a single transaction. A person using two different credit cards to pay for an item or a table of restaurant guests splitting the bill three ways are both common examples of split payments. Key Takeaways A
What Is a Sponsor? A sponsor can refer to a range of individuals or entities that support the goals and objectives of some other individual or organization. Sponsors, for instance, invest in private companies, create demand for publicly traded securities, underwrite mutual fund shares for public offerings, issue exchange-traded funds (ETFs), or offer platforms for
What Is Sponsored ADR? A sponsored ADR is an American depositary receipt (ADR) that a bank issues on behalf of a foreign company whose equity serves as the underlying asset. A sponsored ADR creates a legal relationship between the ADR and the foreign company, which absorbs the cost of issuing the security. Unsponsored ADRs can
What Are Spontaneous Assets? Spontaneous assets are balance sheet items that typically grow in proportion to sales such as accounts receivable or inventory. Spontaneous assets are accumulated automatically as a result of a company’s day-to-day business activity and are often included as a firm’s current assets on the balance sheet. However, fixed assets, such as
What Are Spontaneous Liabilities? Spontaneous liabilities are the obligations of a company that are accumulated automatically as a result of the company’s day-to-day business. An increase in spontaneous liabilities is normally tied to an increase in a company’s cost of goods sold (or cost of sales), which are the costs involved in production. Fixed costs
What Is Spoofing? Spoofing is a type of scam in which a criminal disguises an email address, display name, phone number, text message, or website URL to convince a target that they are interacting with a known, trusted source. Spoofing often involves changing just one letter, number, or symbol of the communication so that it
Who Is Spoofy? Spoofy is a mysterious trader who’s allegedly involved in manipulating cryptocurrency exchanges. Spoofy is named after spoofing, a strategy considered illegal in equity exchanges. Key Takeaways Spoofy is the name given to an unknown trader who, in 2017, was suspected of manipulating prices on the Bitfinex trading platform.The name “Spoofy” was assigned
