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Business and Its Publics - Spring 2009 - Section .014
Instructions: For terms not contained in the Course Glossary:

1. Click on "edit this page" (above)

2. One student will enter a business term, followed by his/her name and Cohort name. For example, EPS (J. Kim, Gramercy).

3. Another student will provide the definition for the term, followed by his/her name and Cohort name. For example: Earnings per share; a company's earnings divided by... (A. Young, Midtown)

4. Professors from Inquiry and Discourse sessions may occasionally enter terms that need definitions.

Course Glossary
Markup (Sanghee Lee, Gramercy)

Definition: the difference between the cost of a good or service and its selling price. A markup is added on to the total cost incurred by the producer of a good or service in order to create a profit (Li Shen, Gramercy).

Kerb Market (NamHyuk Steve Chung, Gramercy)

Definition: In financial markets the term kerb is used to describe trading outside official market hours. The expression comes from trading literally taking place on the kerb outside the stock exchange (Li Shen, Gramercy).

Disintermediation (Li Shen, Gramercy)

Definition: The removal of funds from a financial institution such as a bank for direct purchase of financial instruments; "cutting out the middleman" (Sanghee Lee, Gramercy)

Giffen Good (NamHyuk Steve Chung, Gramercy)

A Giffen Good is a good that exeriences increased demand for when the price rises and decreased demand for when the price falls. Mainly a theoretical concept, but there have arguably been goods with this property. (Dongmin Kim, Gramercy)

Articles of Incorporation (Dongmin Kim, Gramercy)

Definition: The primary rules governing the management of a corporation in the United States. They vary widely from corporation to corporation and jurisdiction to jurisdiction (Ben Granas, Gramercy)

Write-Down (Ben Granas, Gramercy)

Definition: To reduce the value at which an asset is carried on the books to reflect a decline in value. (NamHyuk Steve Chung, Gramercy)

Liquidity (Ben Granas, Gramercy)

Definition: The ability of an investment to be easily converted into cash with little or no loss of capital and minimum delay. (NamHyuk Steve Chung, Gamercy)

Slippage (Li Shen, Gramercy)

Definition: the difference between estimated transaction costs and the amount actually paid. (Sanghee Lee, Gramercy)

Social Return on Investment, or SROI (Sanghee Lee, Gramercy)

Definition: SROI is an approach to understanding and managing the impacts of a project, an organization or a policy. It is based on stakeholders and puts financial values on the important impacts identified by stakeholders which do not have market values (Li Shen, Gramercy).

Adverse Selection (NamHyuk Steve Chung, Gramercy)

Definition: The tendency of those in dangerous jobs or high risk lifestyles to get life insurance. (Dongmin Kim, Gramercy).

Microstructuring (Li Shen, Gramercy)

A method of money laundering in which larger transactions are broken down into multiple smaller transactions to evade detection by authorities. For example, making multiple (under US$10,000) deposits in banks and withdrawing it in overseas countries. (Li Shen, Gramercy)