Asteroid Event

Filed Under »
Dictionary Says

Definition of 'Asteroid Event'

An event that is sudden and unexpected and cause a drastic change in the eniviroment in which it occurs. An asteroid event will often be disasterous for a company, industry or economy due to its unpredictability and suddeness. Such an event is almost impossible to adequately prepare for and can be thought of as the worst-case scenario.
Investopedia Says

Investopedia explains 'Asteroid Event'

Companies that rely on the creativity of a lone executive board member, or the popularity of a small set of products may experience an asteroid event if that executive were to suddenly leave the company or a new technology makes existing products immediately obsolete.

An example of an asteroid event would be if a drug manufacturer has its income-generating drug pulled from the market after being found to have harmful side effects. Since the sale of the drug is the only thing keeping the company in business, its elimination from the market would make the value of the company's stock plummet.
Search results for

'Asteroid Event'

  • Strange Insurance Policies From Across The Globe - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/1011/Strange-Insurance-Policies-From-Across-The-Globe.aspx
    ... in the event of an attack by these creatures of the night. Similarly, those of a
    suspicious mindset can also source and purchase asteroid insurance, to protect ...

  • 5 Bizarre Insurance Policies - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0210/5-Bizarre-Insurance-Policies.aspx
    ... company took a short break from selling these policies after the tragic event, but
    now ... insurance that will cover you if you are hit by an asteroid, injured by ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links