Examlex
A survey reveals that on a small island initially 40 people have jobs, 10 people are not working but looking for jobs, and 30 people are neither working nor looking for work. Suppose that 10 of the 30 people who weren't working or looking for work now begin looking for work. There are now 20 people without jobs but looking for work and 40 people working. The unemployment rate:
Indenture
The contract between the bond issuer and the bondholder.
NYSE Hybrid Market
A trading platform that combines electronic trading and traditional floor trading methods to increase efficiency and flexibility in trades.
Immediate Electronic Execution
A system or process that allows financial transactions to be conducted and completed instantaneously via electronic platforms.
Price Improvement
The potential for a trade to be executed at a better price than what is currently quoted publicly, offering a benefit to the buyer or seller.
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