192 definitions by abu yahya

(FINANCE) a financial derivative that entitles the owner to buy a fixed amount of X for a fixed price (the strike price) by a specific date in the future. If this is an equity derivative, X is referred to as the underlying stock.

A call option allows one to reap profits from an increase in price of a traded item without actually buying the asset itself. Since it is an option, one is not compelled to exercise it if it not advantageous to do so; however, the party that initially issued the option (i.e., the one who "wrote" the option) is legally obligated to honor the option.

When the strike price of a call option is more than the current market price of the asset (i.e., its "spot price"), then it has no intrinsic value and is "out of the money."
Buying a call option is one way to take a long position on the underlying asset.

Writing a call is a way to take a short position.
by Abu Yahya April 15, 2010
Philippine slang for someone who thinks compulsively erotic thoughts; dirty minded; the tendency to give innocent phrases a sexual connotation.

Occasionally the use of the term "green minded" by Usonian English speakers (to mean "environmentally conscious") causes Pinoys great amusement.
WILLIAM: How long have you lived here?

ALFREDO: Ever since I came in the USA

WILLIAM: Dude, you had sex with the USA? Did she get pregnant?

ALFREDO: Aw, man, you have a green mind!
by Abu Yahya February 22, 2010
*noun*; series of programs enacted by the administration of Franklin D. Roosevelt (1933-1945) in response to the Great Depression. This definition refers to the New Deal in US history (as opposed to the current "New Deal" in Great Britain).

The main architects of the New Deal were Harry Hopkins, Henry A. Wallace, and Harold L. Ickes. The chief prigrams were:
--- The Works Progress Administration (WPA);
--- the Public Works Administration (PWA);
--- the Agricultural Adjustment Administration (AAA).
These were set up to address industrial and farming failures.

Other programs addressed a long-standing need:
--- the Civilian Conservation Corps (CCC);
--- the Tennessee Valley Authority (TVA), which introduced electrical power infrastructure to much of the impoverished rural South;
--- the Civil Works Administration (CWA), which supplied electrical power generation;
--- the Federal Depository Insurance Corporation (FDIC), which provides insurance for bank accounts;
--- the Securities Exchange Commission (SEC);
--- the Social Security Administration (SSA);

Legislation included:
--- the National Labor Relations Act (NLRA), or Wagner Act, which gave most workers the right to organize;
--- the National Industrial Recovery Act (NIRA), which was struck down in 1935 by the US Supreme Court;
--- the Fair Labor Standards Act (FLSA), which set basic working standards.

The New Deal's main impact was to establish basic protections for workers, consumers, and farmers. While some of these protections could have been better designed, they perform an indispensable function. In terms of actual fiscal policy, the New Deal was far too small to hasten the end of the Great Depression itself.
A lot of the public buildings in this country were built by New Deal programs.
by Abu Yahya March 06, 2009
Money that (a) derives its value entirely from the mandate of the government, and (b) cannot be freely traded. Fiat money is not the same thing as floating currency, because if a floating currency is intrinsically worthless then its lack of worth will be reflected in the forex markets. Fiat money, on the other hand, does not require a disciplined monetary of fiscal policy on the part of the issuing authorities; exchange rates are fixed by decree, which means the state also controls supplies of hard (foreign) currency.
Examples of fiat money include the French revolutionary assignat and the Soviet-era ruble.
by abu yahya August 03, 2008
Of or related to the United States of America; term coined by Frank Lloyd Wright to refer to his new ideal for architecture. This word is preferable to "American" since there are dozens of countries in North and South America. In some Latin American countries, such as Brazil, the use of "American" to refer to US nationals is considered offensive and officially discouraged.
While Canadians and Usonians share a common heritage and close proximity, there are some subtle cultural differences.
by Abu Yahya August 22, 2008
In economics, (1) Materials or equipment used to produce goods (e.g., tools, parts, inventory, buildings, fixtures, hours of training); or (2) money that is used in a business venture. Capital is created by saving, rather than consuming, economic output. Over time, saving accumulates into capital; it also depreciates.
The total amount of capital in an economy is very important in determining total output.
by abu yahya August 03, 2008
*noun*; a subdivision of economics that focuses on addressing recessions by stimulating supply, rather than demand. During a recession, supply siders recommend cutting taxes rather than increasing government spending.


"Supply side" is in contrast to traditional practitioners of Keynesianism, "demand siders" who believe the main fiscal policy tool for recessions should be increased government spending.

Both supply siders and demand siders believe the government is responsible for formulating effective fiscal policy during recessions.

The most famous advocate of supply side economics was Arthur Laffer.

When Ronald Reagan ...promised to cut taxes ...he claimed tax revenue would go up, not down... as the economy boomed in response to lower rates. Since then, supply side economics ... has become a central tenet of Republican political and economic thinking in the country.

"McCain sticks to Supply Side Economics..." *International Herald Tribune* (24 March 2008)
by Abu Yahya March 05, 2009
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