What is a TSX Venture Exchange? TSX Venture Exchange is stock exchange (a market in which securities are bought and sold) based in Canada where all stock tradings are performed electronically.  How Does the TSX Venture Exchange Work? It operates in Canada, Calgary and Alberta. The headquarters of TSX is pitched at Calgary and Alberta but is has othe...

What is the Relative Wage Coordination Argument? The relative wage coordination argument points out that even if most workers were hypothetically willing to see a decline in their own wages in bad economic times as long as everyone else also experiences such a decline, there is no obvious way for a decentralized economy to implement such a plan. Ins...

What is Elasticity?  Elasticity measures the extent to which the demand for a good changes with the change in another metric. The most common metric is price; but, there can be other things - such as changes in demand or price for other goods. What is Infinite Elasticity or Perfect Elasticity? Infinite elasticity or perfect elasticity is when quanti...

What is the New York Mercantile Exchange? The New York Mercantile Exchange (NYMEX) is the worlds largest exchange, trading physical commodity futures. It was founded in 1872 and is currently owned by the Chicago Mercantile Exchange Group (CME). The other three exchanges operated under the Chicago Mercantile Group are; the Chicago Mercantile Exchange...

What is Management Strategy? Strategic management is the process employed by a company (through its managers) to achieve its identified goals and objectives.  More specifically, strategic management simply refers to the regulation, planning, monitoring and controlling of an organizations resources to achieve its goals.  A company's managers are char...

What is an Air Waybill? An Airway Bill, also known as an "airway consignment note", is a non-negotiable (cannot be transferred to others for value) document identifying goods being shipped with an international airline (carrier). It is a receipt issued by a carrier to a shipper that evidences a contract between a shipper and a carrier to transport g...

What is a True Lease? In a true lease, the lessor gives the lessee rights to the property in question without having to transfer full ownership rights to him or her. These agreements also require the lessee to pay an agreed monthly fee for a specific period. How Does a True Lease Work? A true lease which is also known as tax lease or tax-oriented le...

What is an Option Premium? Option Premium is the value that the writer of an option receives from an investor purchasing the option contract.  How Does an Option Premium Work? An option sets a price (strike price) at which the option holder can either purchase or sell and referenced security. The ability to force this transaction has value, known as...

What is the Absolute Rate? An absolute rate refers to the fixed portion of an interest rate swap that is expressed as a percentage without reference to the interest rate swaps premium or discount. An absolute rate is otherwise known as an absolute swap yield. An absolute rate is determined by calculating the basic rate of interest often called the L...

What is the Work Opportunity Tax Credit? The Work Opportunity Tax Credit (WOTC) refers to a business credit that employers are entitled to when they recruit from certain minority groups known to have specific employment barriers. The work opportunity tax credit is a separate and non-refundable credit. Employers that hire disadvantaged workers or peo...