What Are Kangaroos? “Kangaroo” is a slang term used to describe the Australian stocks that comprise the country’s benchmark All-Ordinaries Index. The index consists of stocks of the most actively traded Australian companies. Key Takeaways Kangaroos refer colloquially to the stocks included in the Australian All-Ordinaries Index. The All-Ordinaries Index reflects is a benchmark of the
What Is Kappa? Kappa is the measurement of an option contract’s price sensitivity to changes in the volatility of the underlying asset. Volatility accounts for recent changes in price, historical changes in price, and future price moves. For a trading instrument, like an option, volatility is intended to capture the amount and speed at which the price
Who Was Karl Marx? Karl Marx (1818-1883) was a philosopher, author, social theorist, and economist. He is famous for his theories about capitalism, socialism, and communism. Marx, in conjunction with Friedrich Engels, published The Communist Manifesto in 1848; later in life, he wrote Das Kapital (the first volume was published in Berlin in 1867; the second and
What Is the Kazakhstan National Fund? The Kazakhstan National Fund is a sovereign wealth fund for Kazakhstan that is operated by the National Bank of the Republic of Kazakhstan. Key Takeaways The Kazakhstan National Fund is a sovereign wealth fund for Kazakhstan that is operated by the National Bank of the Republic of Kazakhstan.The Kazakhstan
What Is Keep and Pay? Keep and pay refers to a type of bankruptcy exemption. It lets a person keep an asset such as a house or car, provided that the individual continues to make payments. Key Takeaways Keep and pay is a strategy to keep an asset while continuing to make payments on it
What Is a Joint Account? A joint account is a bank or brokerage account shared between two or more individuals. Joint accounts are most likely to be used by relatives, couples, or business partners who have a level of familiarity and trust with each other. A joint account functions like a standard account, such as
What Is a Joint Bond? A joint bond is sold with a guarantee of the payment of principal and interest by at least two parties. In the case of default by the issuer, the bondholders have the right to claim repayment by any and all of the issuing institutions, corporations, or individuals. This shared responsibility reduces
What Is Joint Endorsement? A joint endorsement can be required on a check presented for deposit or cashing that has been made out to two or more individuals. The purpose of the joint endorsement is to prevent one individual from depositing or cashing a check without the knowledge or permission of the other person to whom
What Is a Joint-Life Payout? The term joint-life payout refers to a payment structure for pensions and retirement plans in which a surviving spouse will continue to receive income after the account holder dies. That contrasts with a single-life payout, for which payments end with the death of the account holder. These two payout options
What Does Jointly and Severally Mean? Jointly and severally is a legal term that is used to describe a partnership or any other group of individuals in which each individual named shares responsibility equally. For example, if a judge rules that a number of people are jointly and severally liable for injuries suffered by a
