What Is Affirmative Action? The term affirmative action refers to a policy aimed at increasing workplace and educational opportunities for people who are underrepresented in various areas of our society. Affirmative action focuses on demographics with historically low representation in leadership, professional, and academic roles. It is often considered a means of countering discrimination against
What Are Adjusted Funds From Operations—AFFO? Adjusted funds from operations (AFFO) refers to the financial performance measure primarily used in the analysis of real estate investment trusts (REITs). The AFFO of a REIT, though subject to varying methods of computation, is generally equal to the trust’s funds from operations (FFO) with adjustments made for recurring
What Is Affordability Index? An affordability index is a measure of an average person’s ability to purchase a particular item, such as a house in a particular region, or to afford the general cost of living in the region. Key Takeaways Affordability indexes measure a person’s ability to afford an item compared to their income
What Is the Affordable Care Act (ACA)? The Affordable Care Act (ACA) is the comprehensive health care reform signed into law by President Barack Obama in March 2010. Formally known as the Patient Protection and Affordable Care Act and commonly referred to as “Obamacare,” the law includes a list of health care policies intended to
What Is Affordable Market Value (AMV)? The term affordable market value (AMV) refers to the sale price of a multifamily residential housing unit sold through the Federal Deposit Insurance Corporation’s (FDIC) Affordable Housing Program (AHP). The AHP encourages housing developers to purchase multifamily real estate held by the FDIC. Owners are responsible for providing units
What Is the African Development Bank? The African Development Bank (ADB) is a financial institution that funds projects that promote economic and social progress throughout the continent. The bank is also known as Banque Africaine de Développement. The bank has 54 member states among the African nations and 26 non-African member states. Key Takeaways The
What Is an After-Acquired Clause? An after-acquired clause is a provision included in legal contracts ensuring that subsequent acquisitions of assets will be included in the debtor’s liability to the lender. It is sometimes also referred to as the “after-acquired property clause.” Key Takeaways An after-acquired clause is a provision in legal contracts to account
What Is After-Hours Trading? After-hours trading is securities trading that starts at 4 p.m. U.S. Eastern Time after the major U.S. stock exchanges close. The after-hours trading session can run as late as 8 p.m., though volume typically thins out much earlier in the session. Trading in the after hours is conducted through electronic communication
What are Aftermarket Parts? Aftermarket parts are replacement parts that are not made by the original equipment manufacturer. Aftermarket parts are used to replace damaged parts in automobiles and other equipment, but their use may alter the coverage of an insured item. They are similar to generic pharmaceuticals in that they are cheaper than brand
What Is Aftermarket Performance? Aftermarket performance is the variation in price level of a newly issued stock during a period after its initial public offering (IPO). No standard ending time period is considered, but aftermarket performance begins on the first day the IPO shares trade publicly. By looking at the aftermarket performance of all IPOs
