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What Is the Asian Infrastructure Investment Bank (AIIB)? The Asian Infrastructure Investment Bank (AIIB) is a new international development bank that provides financing for infrastructure projects in Asia. It began operations in January 2016. How the Asian Infrastructure Investment Bank (AIIB) Works The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank headquartered in Beijing. Like other development banks

An Asian option is an option type where the payoff depends on the average price of the underlying asset over a certain period of time as opposed to standard options (American and European) where the payoff depends on the price of the underlying asset at a specific point in time (maturity). These options allow the

What Is an Asian Tail? An Asian tail is an Asian option that bases its payout on the average price of the underlying security in the last several days or weeks of the contract’s life—usually the last ten to twenty days. This is in contrast to an Asian nose, another variant of an Asian option

What Is the Asia-Pacific Economic Cooperation (APEC)? The Asia-Pacific Economic Cooperation (APEC) is an economic group of 21 members, formed in 1989, with the primary goal of promoting free trade and sustainable development in the Pacific Rim economies. Key Takeaways The Asia-Pacific Economic Cooperation (APEC) is a 21-member economic forum that was established in 1989.APEC

What Is an Application-Specific Integrated Circuit (ASIC) Miner? An application-specific integrated circuit (ASIC) is an integrated circuit chip designed for a specific purpose. An ASIC miner is a computerized device that uses ASICs for the sole purpose of “mining” digital currency. Generally, each ASIC miner is constructed to mine a specific digital currency. So, a

What Is the Agricultural Sector Investment Program (ASIP)? The Agricultural Sector Investment Program (ASIP) was an economic development project initiated in March 1995 by the World Bank Group. The project directed $60 million in funds toward the improvement of agricultural productivity in Zambia and other African countries. Unfortunately, the project ended in 2001 after failing

What Is an Assay? An assay is a process of analyzing a substance to determine its composition or quality. The term is often used in the mining industry to refer to tests of ore or minerals. The term assay is also used in the environmental, chemical, and pharmaceutical industries. Assaying is also important in futures

What Is the Annual Percentage Yield (APY)? The annual percentage yield (APY) is the real rate of return earned on an investment, taking into account the effect of compounding interest. Unlike simple interest, compounding interest is calculated periodically and the amount is immediately added to the balance. With each period going forward, the account balance

What Is an Average Qualitative Opinion (AQO) Average Qualitative Opinion (AQO) summarizes investment analysts’ ratings for a particular security. It also is akin to an average analyst opinion. In some circles, the AQU is either buy, hold or sell, based on the average rating from analysts covering a security. In others, it is strictly a

Member Nations of the Arab League Algeria (1962)  Jordan* Oman (1971) Syria* Bahrain (1971) Kuwait (1961) Palestine (1976) Tunisia (1958) Comoros (1993) Lebanon*  Qatar (1971) United Arab Emirates (1971) Djibouti (1977) Libya (1953) Saudi Arabia*  Yemen* Egypt*  Mauritania (1973) Somalia (1974) Iraq* Morocco (1958) Sudan (1956) Source: Council on Foreign Relations *denotes a founding member state There are four nations