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: At least one of the trustees must reside in Alaska or have
Who Was Alfred Nobel? Alfred Bernhard Nobel was a Swedish scientist, inventor, entrepreneur, author, and philanthropist. Nobel is also the man after whom the Nobel Prize is named. Nobel, born in 1833 in Stockholm, made a fortune in the explosives business. He patented the explosive nitroglycerin, founded several companies, and patented dynamite and gelignite, among
What Is an Algorithm? An algorithm is a set of instructions for solving a problem or accomplishing a task. One common example of an algorithm is a recipe, which consists of specific instructions for preparing a dish or meal. Every computerized device uses algorithms to perform its functions in the form of hardware- or software-based routines. In
What is Algorithmic Trading? Algorithmic trading is a process for executing orders utilizing automated and pre-programmed trading instructions to account for variables such as price, timing and volume. An algorithm is a set of directions for solving a problem. Computer algorithms send small portions of the full order to the market over time. Algorithmic trading
What Is an Alien Insurer? An alien insurer is an insurance provider offering coverage in a country other than the company’s home country. The relationship between the country where the insurer is incorporated and the location where it sells a given policy defines whether it’s considered an alien insurer. When the policy is sold in
What Is an Alimony Payment? An alimony payment—also called a “spousal” or “maintenance” payment in some parts of the United States—is a periodic, predetermined sum awarded to a spouse or former spouse following a separation or divorce. Payment structures and requirements to fulfill alimony are outlined by a legal decree or court order. Key Takeaways
