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An options greek used to measure the change in gamma in relation to changes in the volatility of the underlying asset.
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The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.
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A currency that trades in markets outside of its domestic borders.
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A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.
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A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.
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A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.