What Is EBITDA? EBITDA, or earnings before interest, taxes, depreciation, and amortization, is an alternate measure of profitability to net income. By stripping out the non-cash depreciation and amortization expense as well as taxes and debt costs dependent on the capital structure, EBITDA attempts to represent cash profit generated by the company’s operations. EBITDA is
What Is Duress? Duress describes the act of using force, false imprisonment, coercion, threats, or psychological pressure to compel someone to act contrary to their wishes or interests. Duress is also used as a form of defense to a crime by a defendant who is compelled or coerced to commit the crime because they are
What Is Durham University Business School? Durham University Business School is the business school of Durham University. Founded in 1965 and located in Durham, in the United Kingdom (UK), the school offers both undergraduate and graduate programs. The Durham University Business School has rapidly grown to become a well-respected b-school on the international stage. It
What Is the Dusseldorf Stock Exchange (DUS)? The term Dusseldorf Stock Exchange refers to a German stock exchange located in Dusseldorf. Commonly referred to as the Borse Dusseldorf, it also provides information and consulting services. Once operating with a physical trading floor, the exchange is now fully electronic for trading stocks, bonds, and other types
What Was the Dutch Tulip Bulb Market Bubble? The Dutch tulip bulb market bubble, also known as tulipmania, was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s, when speculation drove the value of tulip bulbs to extremes. At the market’s peak, the rarest tulip
What Is a Dutch Auction? A Dutch auction (also called a descending price auction) refers to a type of auction in which an auctioneer starts with a very high price, incrementally lowering the price until someone places a bid. That first bid wins the auction (assuming the price is above the reserve price), avoiding any
What Is a Duty? The term “duty” refers to a form of taxation levied on certain goods, services, or other transactions. People and corporations may be required to pay levies on imports and exports by governments in the form of customs duties and other taxes. This is done in order to collect revenue and to satisfy
What Is Duty-Free? Duty-free refers to the act of being able to purchase an item in particular circumstances without paying import, sales, value-added, or other taxes. Duty-free stores are an enticing perk of international travel. These retail businesses sell merchandise that is exempt from duties and taxes with the understanding they will be taken out of the country
What Is Dynamic Asset Allocation? Dynamic asset allocation is a portfolio management strategy that frequently adjusts the mix of asset classes to suit market conditions. Adjustments usually involve reducing positions in the worst-performing asset classes while adding to positions in the best-performing assets. Key Takeaways Dynamic asset allocation is a strategy of portfolio diversification in
What Is a Dynamic Gap? The dynamic gap is a way to measure the gap between a bank’s current assets and liabilities. The gap is always in the process of expanding and contracting due to deposits being made and redeemed. The dynamic gap attempts to account for the fluctuating nature of the gap. Key Takeaways
