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Q: please tell me what the "black monday" is

Category: glossary , Asked by: S. Y. From Cork, Ireland

A: a "black monday " is The title given to one of the most notorious days in recent financial history. On October 19, 1987, the Dow Jones Industrial Average (DJIA) lost almost 22% in a single day. That event marked the beginning of a global stock market decline. By the end of the month, most of the major exchanges had dropped more than 20%. Interestingly enough, the cause of the massive drop cannot be attributed to any single news event because no major news event was released on the weekend preceding the crash. While there are many theories that attempt to explain why the crash happened, no consensus argument can explain why Black Monday happened, but most agree that mass panic caused the crash to escalate. Since Black Monday, there have been multiple mechanisms built into the market to prevent panic selling, such as trading curbs and circuit breakers. Visit FXDD

    please define the "funded status"

    Category: glossary by X. Rosario from Southampton, United Kingdom

    a "funded status " is The status of pension plan that has accumulated assets that have been set aside for the payment of retirement benefits to employees. Unfunded plans, also called pay-as-you-go arrangements, do not have assets set aside and retirement benefits are usually paid directly from employer contributions. According to an article entitled "Pension Reporting Sparks Debate", which appeared in The Wall Street Journal on July 5, 2006, for nearly 20 years companies have had to include the amount owed to employees based on the projected obligation in the footnotes to the financial statements. However, at the time of writing, FASB has proposed that companies move their pension deficits or surpluses onto the balance sheet, rather than just show them in the footnotes. Moving the "funded" status of pension plans - as well as other retirement benefit obligations like health-care plans - onto the balance sheet could force many companies to recognize a big liability, which could cut their net worths and possibly hinder dividend payments or jeopardize lending agreements.

    what is the "commission house"?

    Category: glossary by Judah L. From United Kingdom

    Another term used to describe brokerage firms because they earn their living by charging commissions.

    Which foreign exchange platform offers the greatest customer service line?

    Category: general by Nathaniel U. From United Kingdom

    We think the best place for your purpose is "Xforex". Their help service is terrific. It takes only a few seconds to get them to answer a question.

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    please define "fungibles"
    Goods, securities or instruments that are equivalent and, therefore, interchangeable. In other words, they are goods that consist of many identical parts which can be easily replaced by other, identical goods. If the goods are sold by weight or number, this is a good sign that they are fungible. Commodities, common shares, or the same company, and dollar bills are examples of fungibles. Fungibility of listed options makes it possible for buyers and sellers to close out their positions by taking offsetting positions. For example, if you buy a long call option, you can close out the position by selling (writing) a put option with the same underlying, expiration date and strike price. Visit FX Solutions

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