Y2K

AAA

DEFINITION of 'Y2K'

A shorthand term for "the year 2000" commonly used to refer to a widespread computer programming shortcut that was expected to cause extensive havoc as the year changed from 1999 to 2000. Instead of allowing four digits for the year, many computer programs only allowed two digits (e.g., 99 instead of 1999). As a result, there was immense panic that computers would be unable to operate when the date descended from "99" to "00".

INVESTOPEDIA EXPLAINS 'Y2K'

While there were a few minor issues once January 1, 2000, arrived, there were no massive malfunctions. Some people attribute the smooth transition to the major efforts undertaken by businesseses and government organizations to correct the Y2K bug in advance. Others say that the problem was overstated to begin with and wouldn't have caused significant problems no matter what.



RELATED TERMS
  1. Electronic Commerce - ecommerce

    A type of business model, or segment of a larger business model, ...
  2. Secure Electronic Transaction - ...

    A form of protocol for electronic credit card payments. As the ...
  3. Silicon Valley

    A part of the San Francisco Bay Area that is known for the many ...
  4. Electronic Currency Trading

    A method of trading currencies through an online brokerage account. ...
  5. Electronic Payments Network - EPN

    An electronic automated clearing house (ACH) that serves as the ...
  6. Absolute Percentage Growth

    An increase in the value of an asset or account expressed in ...
Related Articles
  1. Market Makers Vs. Electronic Communications ...
    Forex Education

    Market Makers Vs. Electronic Communications ...

  2. Direct Access Trading Systems
    Options & Futures

    Direct Access Trading Systems

  3. The Global Electronic Stock Market
    Trading Systems & Software

    The Global Electronic Stock Market

  4. 9 Reasons You May Never Retire
    Retirement

    9 Reasons You May Never Retire

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center