Over 10,000 financial glossary terms...
Random Glossary Terms
HIBOR: Hong Kong Interbank Offer Rate, the annualized offer rate banks pay to attain Hong Kong three-month deposits in denominated dollars.
Stop-out price: The lowest auction price at which Treasury bills are sold.
Casualty loss: A financial loss caused by damage, destruction, or loss of property as a result of an unexpected or unusual event.
Estimated tax: Tax to be paid quarterly on income that is not subject to withholding tax, including self-employed income, investment income, alimony, rent, and capital gains.
Ethereum: A decentralized platform that lets people build and run applications on a global blockchain network. Launched in 2015 by Vitalik Buterin and others, Ethereum goes beyond digital money—it introduced smart contracts, self-executing code that runs exactly as programmed without middlemen. This opened the door to decentralized apps (dApps), NFTs, and entire financial systems running without banks. Ether (ETH) is its native currency, used to pay for transactions and power the network. Ethereum is like a global computer that never shuts down, reshaping how we think about ownership, trust, and digital infrastructure.