Y2K

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".

BREAKING DOWN '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. Electronic Payments Network - EPN

    An electronic automated clearing house (ACH) that serves as the ...
  4. Silicon Valley

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

    A method of trading currencies through an online brokerage account. ...
  6. Kurtosis

    A statistical measure used to describe the distribution of observed ...
Related Articles
  1. Forex Education

    Market Makers Vs. Electronic Communications Networks

    Learn the pros and cons of trading forex through these two types of brokers.
  2. Options & Futures

    Direct Access Trading Systems

    DATs can dramatically speed up order execution - find out how this system gives novice traders an edge.
  3. Trading Systems & Software

    The Global Electronic Stock Market

    The way trading is conducted is changing rapidly as exchanges turn toward automation.
  4. Budgeting

    6 Personal Finance Apps that Help Keep Costs Down

    Here's a list of popular personal finance apps that advisors may want to recommend to help clients improve the way they save, budget and track expenses.
  5. Investing News

    Facebook Stock Lower Ahead of Earnings (FB)

    Technology stocks have gotten punished so far this earnings season thanks to weak revenue, profits and brutal guidance. Can Facebook buck that trend?
  6. Twitter Stock Hinges on User Growth (TWTR)

    Given that TWTR shares aren't expensive today, a "buy ahead of the report" strategy may work in favor of risk-tolerant investors.
  7. Investing News

    Apple Stock In Bearish Terrain Ahead of Earnings (AAPL)

    Apple is down 21.4% from its 52-week high of $134.54 reached last April, putting it in bearish territory ahead of Tuesday's earnings.
  8. Career Education & Resources

    The Most Useful, Popular Podcasts for Advisors

    Podcasts are a good way for advisors to keep on top of their industry and learn valuable techniques to grow their practice. Here's a list to start.
  9. Home & Auto

    The 5 Most Hackable Cars for Cyber-Crooks

    Yes, if you drive a high-tech vehicle it's likely to be vulnerable. Here's what you need to know – and do – to prevent being hacked.
  10. Stock Analysis

    Graphene Stocks: 3 To Consider in 2016 (005930.KS, TSLA)

    Learn about three companies investigating development of a superconductive material 200 times stronger than steel that may revolutionize computing devices.
RELATED FAQS
  1. How to Get from CIO or CFO to CEO

    Discover the career path from CIO or CFO to CEO and how traditional organizational leadership roles evolve as businesses ... Read Answer >>
  2. What is finance?

    "Finance" is a broad term that describes two related activities: the study of how money is managed and the actual process ... Read Answer >>
  3. What is the difference between positive and normative economics?

    Positive economics is objective and fact based, while normative economics is subjective and value based. Positive economic ... Read Answer >>
  4. Is Apple Pay safe and free?

    Learn more about Apple Pay, one of Apple's newest and most metamorphic programs that is changing the way consumers purchase ... Read Answer >>
  5. What is the utility function and how is it calculated?

    Learn what the utility function is in microeconomic theory and how it is calculated based on a functional form that represents ... Read Answer >>
  6. How can I use a regression to see the correlation between prices and interest rates?

    Learn how to use linear regression to calculate the correlation between stock prices and interest rates by taking the square ... Read Answer >>
Hot Definitions
  1. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  2. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  3. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  4. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  5. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  6. Economies Of Scale

    Economies of scale is the cost advantage that arises with increased output of a product. Economies of scale arise because ...
Trading Center