What is the Alaska Trust Act The Alaska Trust Act provides protection against creditors for irrevocable trusts provided that the trust has a grantor who is a discretionary beneficiary. In order for the statute to be applicable, the following requirements must be met: At least one of the trustees must reside in Alaska or have
Who Was Alfred Nobel? Alfred Bernhard Nobel was a Swedish scientist, inventor, entrepreneur, author, and philanthropist. Nobel is also the man after whom the Nobel Prize is named. Nobel, born in 1833 in Stockholm, made a fortune in the explosives business. He patented the explosive nitroglycerin, founded several companies, and patented dynamite and gelignite, among
What Is an Algorithm? An algorithm is a set of instructions for solving a problem or accomplishing a task. One common example of an algorithm is a recipe, which consists of specific instructions for preparing a dish or meal. Every computerized device uses algorithms to perform its functions in the form of hardware- or software-based routines. In
What is Algorithmic Trading? Algorithmic trading is a process for executing orders utilizing automated and pre-programmed trading instructions to account for variables such as price, timing and volume. An algorithm is a set of directions for solving a problem. Computer algorithms send small portions of the full order to the market over time. Algorithmic trading
What Is an Alien Insurer? An alien insurer is an insurance provider offering coverage in a country other than the company’s home country. The relationship between the country where the insurer is incorporated and the location where it sells a given policy defines whether it’s considered an alien insurer. When the policy is sold in
What Is an Alimony Payment? An alimony payment—also called a “spousal” or “maintenance” payment in some parts of the United States—is a periodic, predetermined sum awarded to a spouse or former spouse following a separation or divorce. Payment structures and requirements to fulfill alimony are outlined by a legal decree or court order. Key Takeaways
What Is an All-Cap Fund? An all-cap fund is a stock fund that invests in a broad universe of equity securities with no capitalization mandates or constraints. The term “cap” is shorthand for market capitalization. The investment community measures a company’s size by its market capitalization, which is calculated by multiplying the number of a
What Is an All-Cash, All-Stock Offer? An all-cash, all-stock offer is a proposal by one company to purchase all of another company’s outstanding shares from its shareholders for cash. An all-cash, all-stock offer is one method by which an acquisition can be completed. In this type of offer, one way for the acquiring company to
What Is an All-Cash Deal? An all-cash deal refers to any transaction where cash is exchanged for an asset. The buyer offers the seller cash and there is no use of financing to purchase the asset or any other means, such as an exchange of stock. An all-cash deal is usually completed through checks or
What Is the All-Holders Rule? In finance, the term “all-holders rule” refers to a regulationstipulating that any tender offer must be made available to all shareholders within the particular class of shares being solicited for purchase. This rule is especially important during takeover bids, ensuring that any tender offers made by the acquiring company cannot
