Banks who open such an account provide a host of services like transactions, business loans and other specific needs of a business. Website: A website is a network or collection of web pages that is related to a particular topic. Index arbitraging is an investment strategy which aims to profit from the differences between actual and theoretical futures prices of the same stock index. Switching: When the position of a certain futures contract is liquidated and a position in another futures contract of the same type is bought simultaneously, it is known as switching. The members of a keiretsu share knowledge and also own stakes in one another's corporations in order to ensure mutual security and success. Random sampling: Sampling is that part of statistical practice concerned with the selection of individual observations intended to yield some knowledge about a population of concern. Market sectors: The sectionalization of a market based on certain characteristics. Deficiency judgement: If the funds from a foreclosure sale of a debtor or borrower is insufficient to pay the mortgage in full it is known as deficiency judgement.
Macquarie Infrastructure Corporation Reports Third Quarter 2015 Financial Results, Increases Cash Dividend | Business Wire
For the nine months ended September 30, 2015, MIC reported a net loss of $141.5 million compared with net income of $1.0 billion in the comparable period in 2014. The substantial net income generated in each of the third quarter and nine month periods in 2014 reflect primarily a non-cash gain from acquisition/sale of business related to the IMTT acquisition and the sale of the district energy business, partially offset by a $116.6 million performance fee incurred during the third quarter, the consolidation of IMTT and the acquisitions of a wind power generation facility. MICs consolidated revenue for the third quarter of 2015 rose 7.0% to $415.7 million compared with the third quarter in 2014. Consolidated revenue increased 30.9% for the nine-month period ended September 30, 2015 versus the comparable period in 2014. The increases reflect the contribution from acquisitions concluded during the past year, and growth in the volume of products sold, partially offset by a reduction in energy costs, such as those for aviation fuel, which are generally passed through to customers of MICs businesses and recovered in revenue. Reported gross profit defined as revenue less cost of goods sold removes the volatility in revenue associated with fluctuations in energy costs. MICs consolidated gross profit increased 29.6% to $236.3 million in the third quarter of 2015 compared with the same period in 2014. For the nine months ended September 30, 2015, the Companys gross profit increased 68.8% versus the comparable period in 2014. The increases in both periods reflect primarily the impact of acquisitions concluded in each of 2014 and 2015 and contributions resulting from growth at Atlantic Aviation, partially offset by the sale of District Energy in August 2014.
National market system: The trading system where stock and bond prices are listed on the NYSE and the regional exchanges simultaneously for reporting transactions and quotations from all qualified market makers. September 24, 1869 was deemed a Black Friday in the pages of stock market history because of a catastrophic stock market crash. Fixed-income instruments: These are security instruments such as bonds, treasury bills and preferred stock which generate a fixed amount of income. MGM - Modigliani-Miller Theorem This is a financial theory given by Modigliani and Miller which claims that a firm's market value depends on its future earning power and risk of underlying assets and not on financing decisions and dividend declaration. It relates to the practice of designating permitted use of land based on mapped zones which separate one set of land uses from another. Pink sheets are also known as the OTC trading. The shareholders receiving an earning paid out in dividends is known as payout ratio. The principal and interest payments of these mortgage securities differ from the conventional pass-through securities that are not guaranteed by governmental agencies. The time period given to parties that is required to satisfy the transaction's obligations between the settlement date and the transaction date. The last basic intention is to determine fields where the income can be increased and expenditure can be decreased.