Related Words

Capital Lease: Market indexes maintained by Morgan Stanleythat track major stock markets worldwide.

Lease: A contract in which the legal owner of property or other asset agrees to another person using that property or asset in return for a regular specified payment (known as rent) over a set term . . . View Full Definition

Operating Lease: Short-term, cancelable lease. A type of lease in which the contact period is shorter than the life of the equipment, and the lessor pays all maintenance and servicing costs.

Nondiversifiability Of Human Capital: The difficulty of hedging one's human capital (the unique capabilities and expertise of individuals) and employment effort.

Number Of Days Sales Invested In Working Capital: An alternative measure of the amount of working capital used in generating the sales of a period: computed by dividing 365 days by the working capital turnover.

Open-End Lease: A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.

Oil And Gas Lease: A grant of the sole and exclusive right to extract oil and/or gas from beneath the surface of land. Such a lease is generally for a designated term of years and is subject to a payment of ro . . . View Full Definition

Net Realized Capital Gains Per Share: Capital gains realized by an investment company minus any capital losses divided by the total number of the company's outstanding shares.

Nasdaq Small-Capitalization Companies: A group of 2000 companies with relatively small capitalization, which are listed separately and have at least two market makers.

Negative Working Capital: Occurs when current liabilities exceed current assets, which can lead to bankruptcy.