Investing Definitions

PIIGS

PIIGS is an acronym used in the financial world that stands for Portugal, Italy, Ireland, Greece and Spain. PIIGS countries have been grouped and identified as weaker members of the euro zone. See also: BRIC Countries

Zero-sum game

A situation in which one participant can gain only at the expense of another’s equivalent loss. See also: Game Theory

Zero-Prepayment Assumption

The assumption of payment of scheduled principal and interest without any prepayment of the principle.

Zaibatsu

Zaibatsu is a Japanese term that refers to the large family owned conglomerates that controlled much of the Japanese economy prior to World War II during the Edo and Meiji periods.

Commercial Paper

Short-term promissory notes issued in bearer form by large corporations, with maturities ranging from 5 to 270 days. Since the notes are unsecured, the commercial paper market generally is dominated by large corporations with impeccable credit ratings.

National Association of Investors Corporation

The National Association of Investors Corporation or NAIC is a Michigan based non-profit organization that support the establishment investment clubs and individual investor education. See also: BetterInvesting.org