What Is Kiwi Bond? The term Kiwi Bond refers to a type of fixed income security offered and backed by the government of New Zealand. Kiwi Bonds provide investors with a fixed rate of interest for a set period of time—anywhere from six months to four years—and may be purchased for as little as NZ$1,000
What Is the Kuala Lumpur Stock Exchange (KLSE)? The Kuala Lumpur Stock Exchange (KLSE) is the former name of a Malaysian stock exchange located in the capital city of Kuala Lumpur. The KLSE dates back to 1930 and was specifically created to allow the trading of Malaysian securities. The exchange went through several name changes over the
What is a Knock-In Option? A knock-in option is a latent option contract that begins to function as a normal option (“knocks in”) only once a certain price level is reached before expiration. Knock-ins are a type of barrier option that are classified as either a down-and-in or an up-and-in. A barrier option is a type of
What Is the Knowledge Economy? The knowledge economy is a system of consumption and production that is based on intellectual capital. In particular, it refers to the ability to capitalize on scientific discoveries and applied research. The knowledge economy represents a large share of the activity in most highly developed economies. In a knowledge economy
What Is Knowledge Engineering? Knowledge engineering is a field of artificial intelligence (AI) that creates rules to apply to data to imitate the thought process of a human expert. It looks at the structure of a task or a decision to identify how a conclusion is reached. A library of problem-solving methods and the collateral
What Is a Jumbo Loan? A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. Designed to finance luxury properties
What Is a Jumbo Pool? A jumbo pool is a pass-through Ginnie Mae II mortgage-backed security (MBS) that is collateralized by multiple-issuer pools. These pools combine mortgage loans with similar characteristics and are more massive than single-issuer pools. The mortgages contained in jumbo pools are more diverse on a geographical basis than are those in single-issuer pools.
What Is the Jumpstart Our Business Startups (JOBS) Act? The Jumpstart Our Business Startups (JOBS) Act is a piece of U.S. legislation that was signed into law by President Barack Obama on April 5, 2012, that loosens regulations instituted by the Securities and Exchange Commission (SEC) on small businesses. It lowers reporting and disclosure requirements
What Is a Junior Mortgage? A junior mortgage is a mortgage that is subordinate to a first or prior (senior) mortgage. A junior mortgage often refers to a second mortgage, but it could also be a third or fourth mortgage (e.g. home equity loans or lines of credit (HELOCs)). In the case of a foreclosure
What Is a Junior Company? A junior company is a small company that is developing or seeking to develop a natural resource deposit or field. A junior company is like a startup in that it is either looking for funding to help it grow or it is looking for a much larger company to buy it out. Key
