What Is Advanced Internal Rating-Based (AIRB)? An advanced internal rating-based (AIRB) approach to credit risk measurement is a method that requests that all risk components be calculated internally within a financial institution. Advanced internal rating-based (AIRB) can help an institution reduce its capital requirements and credit risk. In addition to the basic internal rating-based (IRB) approach
What Is Air Cargo Insurance? Air cargo insurance is a type of policy that protects a buyer or seller of goods that are being transported through the air. It reimburses the insured for items that are damaged, destroyed, or lost and, in some cases, may even offer compensation for shipment delays. A close cousin of air
What Is a Cryptocurrency Airdrop? A cryptocurrency airdrop is a marketing strategy that involves sending coins or tokens to wallet addresses. Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent
What Is an Airline Industry ETF? An airline industry ETF is a sector exchange-traded fund (ETF) that invests in the stocks of airline companies, so as to obtain investment results that correspond to those of an underlying airline index. In reality, because of the very limited number of airlines in most nations, most ETFs associated
What Is an Air Pocket Stock? A stock that experiences a sudden plunge in price, much like an airplane when hitting an air pocket, is described by stock traders as an air pocket stock. In the case of a stock, the fast drop is caused by unexpected bad news about the company. Investors, like pilots
What Is an Airport Revenue Bond? An airport revenue bond is a type of municipal bond in which the operating revenue of an airport is used to secure the bond. A municipality or airport authority will issue an airport revenue bond, with the funds going toward improving, expanding or building a new airport. In some
What Is an Air Waybill (AWB)? An air waybill (AWB) is a document that accompanies goods shipped by an international air courier to provide detailed information about the shipment and allow it to be tracked. The bill has multiple copies so that each party involved in the shipment can document it. An air waybill (AWB)
Akio Mimura is a prominent Japanese businessman who served as chair and president of Nippon Steel Corp. He has held a variety of positions in the Japanese business world, as well as chair and honorary positions across many companies and organizations. He is currently the 19th chair of the Japan Chamber of Commerce and Industry.
What Is the Alaska Permanent Fund? The Alaska Permanent Fund is an investment fund whose investment capital originates from the surplus revenues gained from the development of Alaska’s oil and gas reserves. Managed by the Alaska Permanent Fund Corporation, a state-owned corporation, the fund’s value was $75.08 billion as of July 31, 2022. The Alaska
What is the Alaska Trust Act The Alaska Trust Act provides protection against creditors for irrevocable trusts provided that the trust has a grantor who is a discretionary beneficiary. In order for the statute to be applicable, the following requirements must be met:Â Â At least one of the trustees must reside in Alaska or have
