What Is an ISDA Master Agreement? An ISDA Master Agreement is the standard document regularly used to govern over-the-counter derivatives transactions. The agreement, which is published by the International Swaps and Derivatives Association (ISDA), outlines the terms to be applied to a derivatives transaction between two parties, typically a derivatives dealer and a counterparty. The
What Is an Ishikawa Diagram? An Ishikawa diagram is a diagram that shows the causes of an event and is often used in manufacturing and product development to outline the different steps in a process, demonstrate where quality control issues might arise, and determine which resources are required at specific times. The Ishikawa diagram was developed
What Is the International Securities Association for Institutional Trade Communication (ISITC)? The International Securities Association for Institutional Trade Communication (ISITC) is an industry organization of financial institutions and technology providers that work to improve the operational effectiveness of the financial industry. The ISITC functions by introducing and maintaining communication protocols aimed to improve the speed
What Is the Iceland Krona (ISK)? The Iceland krona (ISK) refers to the official national currency of Iceland. The krona is represented by the symbols kr and Íkr and is abbreviated as ISK in the international currency market. The currency is issued and managed by the Central Bank of Iceland. The krona was established in
What Is Islamic Banking? Islamic banking, also referred to as Islamic finance or Shariah-compliant finance, refers to financial activities that adhere to Shariah (Islamic law). Two fundamental principles of Islamic banking are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors. Key Takeaways Islamic
What Is an Island Reversal? An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on either side by gaps in the price action. This price pattern suggests that prices may reverse whatever trend they are currently exhibiting, whether from upward
What Is the IS-LM Model? The IS-LM model, which stands for “investment-savings” (IS) and “liquidity preference-money supply” (LM) is a Keynesian macroeconomic model that shows how the market for economic goods (IS) interacts with the loanable funds market (LM) or money market. It is represented as a graph in which the IS and LM curves
What Is an Irrevocable Trust? The purpose of an irrevocable trust is to move the assets from the grantor’s control and name to that of the beneficiary. This reduces the value of the grantor’s estate in regard to estate taxes and protects the assets from creditors. Irrevocable trusts cannot be modified, amended, or terminated without
WHAT IS IRS Publication 225 or Farmer’s Tax Guide IRS Publication 225, or the Farmer’s Tax Guide, is a document published by the Internal Revenue Service. BREAKING DOWN IRS Publication 225 or Farmer’s Tax Guide IRS Publication 225, or the Farmer’s Tax Guide, is a document that helps individuals involved in agribusiness navigate the farming-specific
What is IRS Publication 334: Tax Guide for Small Business? IRS Publication 334: Tax Guide for Small Business is a guide for individuals who are required to fill out Schedule C to report income. Published by the Internal Revenue Service (IRS), the guide is a reference for people who operate as the sole proprietor of
