NASDAQ Financial Glossary
What is it? The National Association of Securities Dealers Automated Quotation System. Often referred to as the over-the-counter market, the NASDAQ is a computer-based, securities exchange that does not have a physical trading location. Transactions are carried out via telephone and computer networks.Finance Term Definition Added By: Charlie
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Financial Term working capital is In accounting and finance, used to describe the amount, if any, by which a businesss current assets exceed its current liabilities. Also used more loosely to describe the funds a firm has available to run its day-to-day business affairs.Financial Term Power of Attorney is An authority by which one person (principal) enables another (attorney in fact) to act for him/her. (1) General power - authorizes sale, mortgaging, etc. of all property of the principal. Invalid in some jurisdictions. (2) Special power - specifies property, buyers, price and terms. How specific it must be varies in each state.
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