Recent content by GlossaryEditor

The term Cambist usually means a professional Forex trader. A Cambist may not be necessarily an individual trader and may just indicate the profession in general. The word Cambist comes from the Latin “Cambiere” which means “To Exchange”. By this meaning, a cambist could be a broker who provides...

The acid-test ratio is a method of determining the strength of a company’s assets compared to the amount of its debts. It is calculated by combining all the company’s assets, minus inventory, and dividing it by the company’s current liabilities. An acid-test ratio of greater than 1 indicates...

The adaptive price zone is a tool of technical stock market analysis, which is contrasted with fundamental stock market analysis. In fundamental analysis, analysts base their judgments on the particular qualities of the companies being traded, such as their strength and solvency, as well as any...

The Copey is a slang term for the currency of Denmark, the DKK (Danish Krone). The word “copey” refers to Denmark’s largest city, Copenhagen.

GTQ is the ISO code for the Guatemalan Quetzal. Is it named after Guatamala's national bird, the Resplendent Quetzal, who's tailfeathers were once used as currency. It is divided into 100 centavos. Currently circulating coins are 1, 5, 10, 25, and 50 centavos as well as 1 quetzal...

BDT is the ISO code for the Bangladeshi Taka. The symbol for the taka is Tk, or ৳ . The taka is divided into 100 poisha. Currently circulating coins include 10, 25 and 50 poisha as well as 1, 2, and 5 taka. Currently circulating banknotes are 2, 5, 10, 20, 50, 100, 500, and 1000 taka.

ETB is the ISO code for the Ethiopian Birr. The symbol for the birr is ብር or Br. The birr is divided into 100 santim. The birr is one of the most widely used currencies in Africa. Currently circulating coins include 5, 10, 25, and 50 santim as well as 1 birr . Currently circulating...

GHC is the ISO code for the Ghanaian Cedi. The symbol for the cedi is GH₵ . The cedi is divided into 100 pesewas (Gp). Currently circulating coins include 1, 5, 10, 20, and 50 pesewas as well as 1 cedi. Currently circulating banknotes are 1, 2, 5, 10, 20, and 50 cedis.

Hanging Man is the poetic name of a candlestick pattern indicating a bearish reversal. This pattern consists of just a single candle, a small, square body with a long lower shadow (preferably no less than 3 times the body size) and without an upper body or with a very small one. Rules for...

OsMA is an abbreviation that stands for “Oscillator – Moving Average (of Oscillator)”. This is a fundamental method which is widely used in technical analysis to express the deviation between the oscillator value and its moving average for some period. This foundation comes from statistics...

An ABA transit number is the number that is assigned to a particular bank by the American Bankers Association, which is unique to that bank and identifies it. Only financial institutions that are eligible to hold an account at a Federal Reserve bank may be assigned an ABA transit number. Also...

A cashless society is similar to a checkless society, except that all forms of currency transactions would be handled electronically. Not only would there be no paper checks, but there also would be no physical money. This could be conveniently handled via smartcards or even biometric...

A checkless society is a society in which most financial transactions would be done electronically. Paper checks and similar documents would not be used. This sort of society is still hypothetical, but is considered to be desirable by many major banks. Electronic money transfer is more...

CHF is the ISO currency code for the Swiss Franc. The Swiss Franc is classified as one of the Majors – the most commonly traded currencies in the forex market. It is also one of the world's major reserve currencies. The abbreviation CHF comes from the Latin name for Switzerland, Confoederatio...

KWD is the ISO symbol for the Kuwaiti dinar. The Kuwaiti dinar was introduced in 1961, at which time it replaced the Gulf rupee. When Iraq invaded Kuwait, it replaced the Kuwaiti dinar with the Iraqi dinar, and took large amounts of Kuwaiti dinars. However, when Kuwait regained its freedom from...