Kamikaze Coverage Definition

Kamikaze Coverage Definition

What Is a Kamikaze Defense? A Kamikaze defense is a defensive strategy sometimes resorted to by a company’s management to prevent a takeover by another company. While these strategies are named after the suicidal kamikaze attacks used by Japanese pilots during World War II, they rarely destroy the company. Nevertheless, a kamikaze defense involves taking

Kangaroo Bond Definition

Kangaroo Bond Definition

What Is a Kangaroo Bond? A kangaroo bond is a type of foreign bond issued in the Australian market by non-Australian firms and is denominated in Australian currency. The bond is subject to the securities regulations of Australia. A kangaroo bond is also known as a “matilda bond.” Key Takeaways Kangaroo bonds are issued in

Kangaroos Definition

Kangaroos Definition

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

Kappa Definition

Kappa Definition

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

His Books, Theories, and Impact

His Books, Theories, and Impact

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