The Depository Trust Company (DTC) serves as a central securities repository where stock and bond certificates are exchanged, primarily electronically. It is owned by major banks, broker-dealers, and exchanges on Wall Street.
The Madoff Scandal was the largest Ponzi scheme in history, operated by Bernard Madoff, which resulted in estimated client losses of nearly $65 billion.
The New York Stock Exchange (NYSE) is one of the largest and most well-known securities exchanges in the world. Established in 1792, the NYSE is located on Wall Street in New York City and is a symbol of global finance and capital markets.
A term frequently used on Wall Street to describe the use of borrowed funds by individuals or companies to increase the return on invested capital, as well as an acronym for the options pricing model.
Wall Street is synonymous with the financial markets and institutions of New York, housing the New York Stock Exchange and being the hub of major financial activities in the United States.
A 'White-Shoe Firm' is an anachronistic term originating from the 1950s Ivy League culture, typically used to describe venerable, elite, and reputable broker-dealers known for their conservative business practices.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.