Term of the Day

power

1. ability to cause or prevent an action, make things happen; the discretion to act or not act. Opposite of disability, it differs from a right in that it has no accompanying duties. 
1. Law: (1) An instrument transferring or vesting legal authorization. (2) Theability conferred on a person by law to determine and alter (by his or her own will) the rights, duties, liabilities, and other...
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Usage Example
Any one of these stakeholders has the power to disrupt decisions or introduce new ideas to the company.
Term of the Day

January Effect

Tendency of the stock market to rise between December 31 and the end of thefirst week in January. The January Effect occurs because manyinvestorschoose to sell some of their stock right before the end of the year in order toclaim a capital loss for tax purposes. Once the tax calendar rolls over to a new year on January 1st these same investors quickly reinvest theirmoney in the market,...
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Usage Example
Although primarily influenced by tax considerations, the quick selloff and purchasing of stocks in what many call the January effect also occurs when investors want to get rid of stocks that are performing poorly.