What Is Harmless Warrant? The term harmless warrant refers to a provision that requires bondholders to surrender an existing bond if they want to purchase the same type of bond from the issuer. Put simply, bond issuers put harmless warrants on their bonds, requiring investors to swap their existing bond if they want to purchase
What Is Harmonic Mean? The harmonic mean is a type of numerical average. It is calculated by dividing the number of observations, or entries in the series, by the reciprocal of each number in the series. Thus, the harmonic mean is the reciprocal of the arithmetic mean of the reciprocals. For example, to calculate the
Harry Markowitz (born 1927) is a Nobel Prize-winning American economist best known for developing Modern Portfolio Theory (MPT), a groundbreaking investment strategy based on his realization that the performance of an individual stock is not as important as the performance and composition of an investor’s entire portfolio. Since Markowitz introduced MPT to academic circles in
What Is the Hart-Scott-Rodino Antitrust Improvements Act of 1976? The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires large companies to file notifications with the Federal Trade Commission and the anti-trust division of Department of Justice prior to certain mergers and acquisitions or tender offers. The law requires companies intending to merge to file an HSR
What Is Guerrilla Trading? Guerrilla trading is a short-term trading technique that aims to generate small, fast profits while also taking on very little risk per trade. This is done by repeating small transactions multiple times during one trading session. While guerrilla trading resembles scalping, the trades take place at a much faster rate, lasting
Guerrino De Luca is the Executive Director and chairman of the board of directors of Logitech International S.A., a computer peripherals manufacturer and software provider. He was formerly the CEO of Logitech and spent many years at Apple Inc., surviving as Apple’s executive VP of Worldwide Marketing. Key Takeaways Guerrino De Luca is most well
What Is Company Guidance? Guidance is an informal report a public company issues to shareholders detailing the earnings it expects to achieve in the upcoming fiscal quarter or year ahead. Guidance, also referred to as forward earnings guidance or a forward-looking statement, typically includes internal projections for revenue, earnings, and capital spending and is subject
What Is the Guideline Premium and Corridor Test (GPT) The guideline premium and corridor test (GPT) is used to determine whether an insurance product can be taxed as insurance rather than as an investment. GPT limits the amount of premiums that can be paid into an insurance policy relative to the policy’s death benefit. Key Takeaways The
What Is a Guilt-Edged Investment? A guilt-edged investment is a colloquial term for any investment that may violate ethical standards and for which the investor should feel some remorse. This does not necessarily imply that the investment violates any law, nor does this term indicate that people selling these investments feel any guilt. Instead, a
What is a Gulf Opportunity Zone The Gulf Opportunity Zone is the area that was largely impacted by the storms surrounding Hurricane Katrina in 2005. This includes areas in Alabama, Louisiana and Mississippi. BREAKING DOWN Gulf Opportunity Zone The Gulf Opportunity Zone is an area that is eligible for credits, deductions and incentives provided
