Letter I Dictionary

Icelandic Krona

The currency of Iceland.

identified shares

The shares of a stock or mutual fund which have had their purchase price and…

idiosyncratic risk

The risk of price change due to the unique circumstances of a specific security,…

idle

The circumstance in which production has shut down or is simply not working,…

IDR

The ISO currency code for the Indonesian Rupiah.

IEP

The ISO currency code for the Irish Punt.

IFO Business Climate Survey – Germany – Euro-zone

One of the country’s key business sentiment surveys. The survey is conducted…

illegal dividend

A dividend that is declared but is in violation of the corporation’s charter…

illiquid

That which cannot quickly and easily be converted into cash, such as real estate, collectibles, and thinly traded securities.

ILS

The ISO currency code for the Israeli Shekel. Learn more about the Israel Shekel and Israel at GoCurrency.com

imbalance of orders

A situation in which buy orders for a particular security greatly outnumber sell orders, or vice-versa.

impaired capital

The situation in which the par value of a firm’s stock exceeds the firm’s total capital.

IMF

The IMF, or International Monetary Fund, was established after World War II…

impaired credit

The result of a reduction in the credit rating of a borrower.

impairment

The amount by which stated capital is reduced by distributions and losses.

implication

A meaning or consequence implied by an action or statement.

immediate payment annuity

An annuity which is purchased with a single payment and which begins to pay out right away.

immunity

The ability to escape legal responsibilities.

immunization

The protection against interest rate risk by holding assets and liabilities of equal durations.

imperfect market

A market in which the public does not immediately receive full access to financial…

Imports – Germany – Euro-zone

Represents German domestic demand for foreign goods. The headline number is…

imprimatur

An official permission to do something.

imputed interest

The interest considered by the IRS for tax purposes to have been paid, even if no interest was actually paid.

imputed value

The value of an asset that is not recorded in any accounts but is implicit in the product.

inactive

Said of an asset which is not continuously in use.

inactive account

A bank or brokerage account in which there have not been any transactions for an extended period of time.

inactive asset

An asset that is sometimes not being utilized, such as a backup power generator…

inalienable

Not assignable, not transferable.

in and out

The purchase and sale of a security within a short period of time, often a single trading session. opposite of buy and hold.

inc.

Incorporated.

incentive fee

A fee paid as an incentive to the general partner of a hedge fund or, less frequently,…

incentive

A reward for a specific behavior, designed to encourage that behavior.

income

In the context of corporations, refers to total revenues minus cost of sales,…

incidental benefit

A benefit provided to a retirement plan participant even though it is not mandated by the plan.

inchoate interest

A future interest in a piece of real estate.

income coverage

Net income from a portfolio of investments divided by total interest payments and preferred dividends.

income fund

A mutual fund which emphasizes current income in the form ofdividends or coupon payments from bonds…

income exclusion rule

An IRS rule which excludes certain items from taxable income, such as child…

income distribution

The distribution of wages earned across a firm, industry, or country.

income property

Real estate developed or bought for the purposes of generating income.

incontestability clause

A provision in a life insurance policy that prevents the insurer from revoking coverage because…

income tax

Annual tax levied by the Federal government, most states, and some local governments, on an individual’s or corporation’s net profit.

incorporated

A firm or firm that has been formed into a legal corporation by completing the required procedures.

incorporation

The process by which a business receives a state charter, allowing it to become a corporation.

increasing returns to scale

A reduction in cost per unit resulting from increased production, realized through operational efficiencies.

income replacement ratio

The percentage of working income that an individual needs to maintain the same standard of living in retirement; generally 60-90%.

income risk

The possibility that the income provided by a fund will fluctuate due to changing interest rates.

income statement

An accounting of sales, expenses, and net profit for a given period.

income stock

A stock with a history of paying consistently high dividends.

income stream

The flow of money generated by a business.

increasing returns to scale

A reduction in cost per unit resulting from increased production, realized through operational efficiencies.

income tax

Annual tax levied by the Federal government, most states, and some local governments, on an individual’s or corporation’s net profit.

incontestability clause

A provision in a life insurance policy that prevents the insurer from revoking coverage

incorporated

A firm or firm that has been formed into a legal corporation by completing the required procedures.

incorporation

The process by which a business receives a state charter, allowing it to become a corporation.

indemnify

To compensate someone for loss or damage.

incremental

Marginal, additional.

incremental analysis

A technique used in microeconomics by which very small changes in specific variables are studied…

incremental cost

The cost associated with one additional unit of production. Also known as marginal cost.

incremental cost of capital

The average cost incurred for each additional unit of debt or equity issued.

incubator

A firm or facility designed to foster entrepreneurship and help startup companies

independent auditor

A Certified Public Accountant who provides a firm with an accountant’s opinion but who is not otherwise affiliated with the firm.

independent agent

An insurance agent who represents multiple insurance companies, not just a single one.

indenture

A written agreement between the issuer of a bond and his/her bondholders…

indemnity

An expressed or implied contract to compensate an individual for loss or damage; for example, an insurance policy.

independent contractor

A person or business which provides goods or services to another entity under terms specified in a contract.

independent broker

NYSE member who executes orders for other brokers who temporarily have more orders than they can handle.

index option

An option whose underlying security is an index.

Indian Rupee

The currency of India.

indicated dividend

The total amount of dividends that would be paid on a share of stock…

indication of interest

Orders for a new securities offering which are placed prior to final registration and represent

indicated yield

The yield corresponding to the indicated dividend.

indicator

Data which provide information about or predict the overall health of the economy or the financial markets…

index bond

A bond whose cash flow is inflation-adjusted…

indexed loan

A loan in which payments change in response to changes in an index

index fund

A passively managed mutual fund that tries to mirror the performance of a specific index

indexing

A passive investment strategy in which a portfolio is designed to mirror the performance of a stock index, such as the S&P 500.

index-linked bond

A bond which pays a coupon that varies according to some underlying…

indirect cost

The cost not directly attributable to the manufacturing of a product.

individual investor

An individual who purchases small amounts of securities for him/herself…

index

A statistical indicator providing a representation of the value…

inducement

A reward for a specific behavior, designed to encourage that behavior.

industrial

Anything having to do with the business of manufacturing products

industrial espionage

The spying on one’s competitors to gain a competitive advantage

industrial goods

Goods or components produced for use primarily in the production of other goods.

individual policy pension trust

A type of pension plan, frequently used for small groups

Individual Retirement Account

A tax-deferred retirement account for an individual that permits individuals to set aside money each year

individual tax return

A tax return filed by an individual, as opposed to a corporation.

Indonesian Rupiah

The currency of Indonesia.

industrial goods

Goods or components produced for use primarily in the production of other goods.

index arbitrage

A type of strategy designed to profit from temporary discrepancies between the prices…

Industrial New Orders – Euro-zone

The value of new contracts for goods produced by the manufacturing sector.

industrial production

Measures changes in the volume of output produced by the manufacturing,…

Industrial Production – Euro-zone

Measures the volume change of output of the manufacturing and energy sector.

Industrial Production – France – Euro-zone

Measures the level of production of French industries.

Industrial Production – Switzerland

Measures the level of production of Swiss manufacturing industries.

Industrial Production UK

A measure of the manufacturing output of the energy sector…

Industrial Production – German – Euro-zone

Measures the per volume change in output from mining…

Industrial Production – Japan

The volume of items produced in Japan ‘s mining and manufacturing industries.

inefficient market

A condition in which the Efficient Market Theory does not apply because a security…

inefficient portfolio

A portfolio that delivers an expected return that is too low for the amount of risk it requires

inelasticity

Opposite of elasticity.

ineligible accounts

Accounts receivable that do not satisfy the lender’s criteria as specified in a loan agreement. opposite of eligible accounts.

inert

Having no effect.

inflation

The rate at which prices for goods and services rise, and, subsequently, purchasing…

inflation accounting

The demonstration of the effects of inflation on financial statements, an FASB requirement for large companies.

inflation hedge

An investment designed to protect against inflation risk. Such an investment’s…

inflation-indexed security

A security which promises a higher return than the rate of inflation if the security is held to maturity.

inflation rate

The rate at which prices for goods and services rise, and, subsequently, purchasing…

inflation risk

The possibility that the value of assets or income will decrease as inflation…

inflection point

A point on a chart that marks the beginning of a significant move, either up or down.

inflexible expense

An expense that cannot be adjusted or eliminated, such as a monthly car payment. opposite of flexible expense.

information asymmetry

The condition in which at least some relevant information is known to some but…

information ratio

In investing terminology, the ratio of expected return to risk, as measured…

information symmetry

Condition in which all relevant information is known to all parties involved. opposite of information asymmetry.

infrastructure

The basic physical systems of a country’s or community’s population, including…

infringement

The violation of another’s right.

ingot

A bar of metal, generally precious or semi-precious.

inherent

A natural part of, or a permanent feature of.

inheritance

Part of an estate, given to an heir.

inheritance tax

A tax imposed on the privilege of inheriting something, paid by the recipient.

inherited IRA

An IRA that becomes the property of someone other than the spouse of the deceased…

in-house

Having the characteristic of originating within a firm.

in intestacy

The death of an individual without providing a legal will. Distribution is overseen by a probate court.

initial interest rate

The initial interest rate on an adjustable rate mortgage, generally for the first year. Also known as start rate.

initial margin

Amount of cash or eligible securities required by the Federal Reserve Board…

Initial Public Offering

Abbreviated as IPO, refers to the first sale of stock by a firm to the public.

initiate coverage

See coverage.

injunction

A court order requiring a person not to do something.

in kind

Payment made in the form of goods and services, rather than cash..

in lieu of

Instead of, in place of.

in line

Near to what was expected, as with an earnings report that closely matches analyst expectations.

innovation

The creation of new products and/or services.

in perpetuity

Forever.

in play

Rumored to be vulnerable to a takeover attempt.

in-process research and development

R&D costs incurred by a firm being acquired by another firm.

INR

The ISO currency code for the Indian Rupee.

in-service withdrawal

A withdrawal from an employer-sponsored retirement plan by a participant who remains employed.

inside day

A day in which the total price range of a security is entirely within the previous day’s price range.

inside day

A day in which the total price range of a security is entirely within the previous day’s price range.

inside information

Material information about a firm which is known by the firm’s board of directors,…

inside market

The highest bid and the lowest ask prices made by Nasdaq Market Makers for their…

insider

A shareholder who owns more than 10% of a corporation, or an officer or director.

insider buying

Buying of a firm’s stocks by individual directors, executives or other employees….

insider report

A report of all transactions in the shares of a firm made by officers, directors,…

insider selling

Selling of a firm’s stock by individual directors, executives or other employees….

insider trading

Trading by insiders; or illegal trading by insiders who trade based on insider information.

Insider Trading sanctions Act of 1984

An SEC act which outlines the criminal and civil penalties associated with various types of illegal insider trading.

inside spread

The difference between the best bid and best ask being quoted by any Market Maker in a security. Also known as inside quote

insolvency

The state of being insolvent.

insolvent

Unable to meet debt obligations. opposite of solvent.

inspection

Physical examination of a property or commodity to confirm that it meets the standards of the contract.

installment

The regular periodic payment that a borrower agrees to make to a lender.

installment bond

A set of bonds issued at the same time but having different maturity dates. Also known as serial bond.

installment loan

A loan that is repaid with a fixed number of periodic equal-sized payments.

installment sales contract

Contract in which the buyer takes possession of the property immediately but…

installment sales contract

Contract in which the buyer takes possession of the property immediately but…

Instinet

Abbreviation for Institutional Networks Corporation, which is the name for one…

institution

An organization which is in the business of holding assets. Examples include banks, insurance companies, and investment companies.

institutional brokerage

A brokerage which has institutions as its clients.

institutional financing

Financing provided by an institution, as opposed to retail investors.

institutional fund

A mutual fund that targets pension funds, endowments, and other high net worth…

institutional investor

An entity with large amounts to invest, such as investment companies, mutual…

institutionalization

The gradual domination of financial markets by institutional investors, as opposed to retail investors.

institutional pot

The part of a new issue which is set aside by the lead underwriter for distribution to institutional investors. Also known as pot.

institutional shares

Mutual fund shares of a class available to institutional investors. Institutional…

instrument

In general, any financial security such as a bond, stock, check, etc. Money…

insurability

Acceptability of an insurance applicant.

insurable interest

The beneficiary who would suffer loss if the event insured against occurs; without…

insurance

Insurance is a contract (referred to as a policy), where a person or entity…

insurance agent

Individual who is licensed by a state to sell insurance for one or more specific insurance companies.

insurance broker

An insurance broker acts as a representative of the insured or potentially insured….

insurance carrier

The firm issues, and assumes the risk of, an insurance policy.

insurance claim

A notification to an insurance firm requesting payment of an amount due under the terms of the policy. Also known as claim.

insurance company dividend

One of a series of periodic (generally annual) payments made to a cash value…

insurance examiner

The representative of a state insurance department assigned to participate in…

insurance policy

A protection against lost wages resulting from the death of the insured individual….

insurance premium

The periodic payment made on an insurance policy. Also known as premium.

insured

The person, group, or property for which an insurance policy is issued.

insured account

Account at a bank, savings and loan, credit union, or brokerage, the balance…

insured bond

A municipal bond insured against default by an insurance firm.

insured mortgage

A mortgage that is protected by mortgage insurance through the Federal Housing…

insurer

The party to an insurance arrangement who undertakes to indemnify for losses.

in sympathy

A price movement in one security which results from a change in the price of a similar security.

Any item of value that cannot be physically touched, such as a brand, franchise, trademark, or patent. opposite of tangible asset.

intellectual property

Any type of intangible asset that consists of human knowledge and ideas. Some…

interbank market

The Interbank Market is the market for currencies for Foreign Exchange – the…

Interbank Rate

London Inter-Bank Offer Rate. The interest rate that the banks charge each other…

interchangeable bond

Bond which can be converted from registered to coupon form, or vice versa, upon demand by the bearer, possibly for a fee.

intercommodity spread

The purchase of a given delivery month of one commodity futures contract and the simultaneous sale of the same delivery month of a different, but related, contract.

interdelivery spread

The purchase of one delivery month of a given futures contract and simultaneous…

interest

Interest measures the cost of borrowing money from a lender and is usually…

interest assumption

The anticipated rate of return on a portfolio or retirement plan’s assets, used for actuarial purposes.

interest-bearing

The paying of interest.

interest cover

A firm’s pretax operating income (or occasionally, cash flow) divided by its interest obligations, for a given period.

interest coverage

A calculation of a firm’s ability to meet its interest payments on outstanding debt.

interest coverage ratio

A calculation of a firm’s ability to meet its interest payments on outstanding debt.

interest deduction

A tax deduction allowed for certain interest expenses, such as those on a home mortgage or a margin account.

interest expense

An expense for interest on a loan made to an individual, corporation or other entity.

interest-only loan

A non-amortized loan in which interest is due at regular intervals until maturity, when the full principal on the loan is due.

interest-only strip

A security with cash flows based entirely on the monthly interest payments received from a mortgage pool.

interest rate

A rate that is paid on borrowed money. Interest rates are printed as a percentage…

interest rate cap

A provision of an adjustable rate mortgage limiting how much interest rates may increase in a single adjustment period.

interest rate ceiling

For an adjustable rate mortgage, the maximum interest rate that could be charged.

interest rate collar

A security which combines the purchase of a cap and the sale of a floor to specify…

interest rate floor

For an adjustable rate mortgage, the minimum interest rate that could be charged.

interest rate futures

Futures contract whose underlying security is a debt obligation.

interest rate option

Option contract whose underlying security is a debt obligation.

interest rate risk

The possibility of a reduction in the value of a security, especially a bond,…

interest warrant

A firm’s demand of payment of interest due on notes or debts.

interim

The period between two actions, events, or dates.

interim dividend

A dividend which is declared and distributed before the firm’s annual earnings have been calculated; often distributed quarterly.

interim financing

The short-term financing issued in anticipation of longer-term financing. Also known as interim borrowing.

interim statement

A financial report covering less than one year, such as a quarterly report. Also known as interim report.

interlocking directorates

Two boards of directors which share at least one director in common; illegal if the two companies are competitors.

intermarket spread

The sale of a futures contract of a given delivery month on one exchange and the simultaneous purchase of the futures contract and same month on another exchange.

Intermarket Trading System

Abbreviated as ITS, refers to a computer network that connects several major…
intermediary

intermediary

A third party who facilitates a deal between two other parties.

intermediate goods

Raw materials, such as steel, which will be transformed into another form.

intermediate-term

2-10 years, generally used in reference to bonds. When used in technical analysis,…

internal audit

An ongoing appraisal of the financial health of a firm’s operations by its own…
internal expansion

internal expansion

The growth of assets due to internal financing or appreciation, as opposed to external financing or acquisition.

internal financing

The funds produced from a business’ operations, as opposed to external financing, such as the issuance of debt or equity.

internal growth rate

The maximum rate of growth a given firm is able to achieve without outside sources of funding.

internal market

The mechanisms for issuing and trading securities within a nation, including its domestic market and foreign market.

Internal Rate of Return

Abbreviated as IRR, refers to the rate of return that would make the present…

Internal Revenue Code

All federal tax laws. Originally written in 1939, and thoroughly revised in 1954.

Internal Revenue Service

The IRS is responsible for the collection, enforcement and to a degree the…

international

Involving more than one country.

international fund

A mutual fund which invests in stocks and bonds of companies outside of the U.S.

International Merchandise Trade – Canada

The difference between imports and exports of goods. Merchandise Trade differentiates…

International Monetary Fund

The IMF, or International Monetary Fund, was established after World War II…

International Organization for Standardization

Abbreviated as ISO, refers to the world’s largest standards developer. A non-governmental…

International Securities Identification Number

Abbreviated as ISIN, refers to the unique international code which identifies…

International Securities Transactions – Canada

The international flow of stocks, bonds, and money market funds to and from…

international trade

International trade occurs when a security, a commodity or a service is transacted…

interpolation

Interpolation is the prediction of values outside of the dataset used to produce…

interstate commerce

The buying and selling of products and services across state borders.

intervals

The schedule of strike prices for a given option.

inter vivos

The act of giving away without receiving compensation, such as a gift. There…

inter vivos trust

A revocable trust created while the donor is still alive, to hold property for…

intestate

Dying without a legal will. Distribution is overseen by a probate court. Also known as in intestacy. opposite of testate.

in the black

Profitable. Opposite of in the red.

in the money

Situation in which an option’s strike price is below the current market price…

in the red

Losing money. Opposite of in the black.

in the tank

A very poor performance. Often used when prices for a security, sector or market are plummeting.

intracommodity spread

Spread in which a trader buys and sells futures contracts of a single commodity on a single exchange, but of different months.

intraday

Intraday refers to something that happens within the day or within the last…

intrastate commerce

The buying and selling of products and services within a single state.

intrastate offering

An over-the-counter securities offering limited to investors residing within…

intrinsic value

The actual value of a security, as opposed to its market price or book value….

introducing broker

A person or organization which is able to perform all the functions of a broker…

Inventories – Australia

Inventories – Australia Tracks unsold goods among Australian industrial firm….

inventory

A firm’s merchandise, raw materials, and finished and unfinished products which…

inventory financing

A loan made to a manufacturer using its inventory as collateral. Inventory financing…

inventory lien

A claim against a firm’s inventory as security for a loan.

inventory turnover

The ratio of a firm’s annual sales to its inventory; or equivalently, the fraction…

inventory turns

see turnover.

inverse floater

A fixed income instrument which has a coupon rate or interest rate that varies…

inverse relationship

A relationship between two numbers in which an increase in the value of one…

inverted market

A futures market in which nearby month contracts are selling at higher prices…

inverted scale

A serial bond offering in which later maturities have lower yields than earlier ones.

inverted yield curve

An uncommon situation in which long-term interest rates have lower yields than…

invest

To engage in any activity in which money is put at risk for the purpose of making…

invested capital

See capitalization.

investing

In general terms, investment refers to the use of money in the hope of making…

investment

In general terms, investment refers to the use of money in the hope of making…

investment adviser

A person or organization employed by an individual or mutual fund to manage…

Investment Advisers Act

A 1941 Congressional law requiring all investment advisers to register with…

Investment Advisor Act of 1940

A law requiring investment advisors and firms providing investment advice to register with the SEC and adhere to SEC regulations.

investment bank

An individual or institution which acts as an underwriter or agent for corporations and municipalities issuing securities.

investment banker

An individual or institution which acts as an underwriter or agent for corporations and municipalities issuing securities.

Investment Bankers Association

The trade association of the investment banking industry.

investment banking

The division of banking encompassing business entities dealing with creation of capital for other companies.

investment banking group

A group of investment banks which jointly underwrite and distribute a new security…

investment bill

A bill of exchange purchased as an investment, with the intention of holding until maturity.

investment club

A group of retail investors who pool some of their money and make joint investments….

investment company

A firm that invests the pooled funds of retail investors for a fee. By aggregating…

Investment Company Act of 1940

A set of Federal laws which regulate the registration and activities of investment companies, enforced by the SEC.

investment counsel

A person or organization employed by an individual or mutual fund to manage…

investment flows

Cash flows associated with the buying and selling of fixed assets and business interests.

investment fund

A firm that invests the pooled funds of retail investors for a fee. By aggregating…

investment-grade bond

A bond which is relatively safe, having a high bond rating such as BBB or above.

investment history

The set of transactions conducted for a given customer by a given exchange member….

investment horizon

The length of time a sum of money is expected to be invested. An individual’s…

investment income

An income from a portfolio of invested assets.

Investment Lending – Australia

The value of loans provided to individuals and corporations. An increase in…

investment letter

A letter establishing that the buyer of new securities in a private placement…

investment management

The process of managing money, including investments, budgeting, banking, and taxes. Also known as money management.

investment manager

see investment management.

investment memorandum

A letter that commits an individual to acquire a firm’s securities and describes the terms of the deal.

investment multiplier

The change in national income which would result from a unit change in investment.

investment objective

The result desired by an investor or mutual fund, such as current income or capital appreciation. Also known as objective.

investment philosophy

The overall set of principles or strategies that guide an investor. Examples…

investment policy

A formal description of the investment philosophy that will be utilized for…

investment property

A property that is not occupied by the owner, generally purchased specifically…

investment return

The percentage change in value of the investment over a given period of time.

investment security

A security purchased for investment purposes, rather than for resale to customers.

investment strategy

An investor’s plan of distributing assets among various investments, taking…

investment trust

A closed-end fund established to produce income through investments. They have…

investment value

The estimated price a convertible security would sell for on the open market…

investor

An individual who commits money to investment products with the expectation…

investor relations

A department within a public firm that distributes information about the firm…

investor’s equity

The balance of a margin account.

invisible hand

A term used by Adam Smith to refer to the natural force that guides free market…

invisible venture capital

Any form of venture capital from angel investors.

invoice

A bill issued by one who has provided products and/or services to a customer….

involuntary conversion

Forced disposition of property due to condemnation, theft, or casualty.

involuntary liquidation

Liquidation forced by Chapter 7 bankruptcy.

I/O strip

A security with cash flows based entirely on the monthly interest payments received…

IOU

Acronym for “”I owe you,. which refers to what one person owes another.

IPO

Acronym for Initial Public Offering, which refers to the first sale of stock by a firm to the public.

IQD

The ISO currency code for the Iraqi Dinar.

IRA

Acronym for Individual Retirement Account, which refers to a tax-deferred retirement…

Iranian Rial

The currency of Iran. Learn more about the Iranian rial and Iran at GoCurrency.com

Iraqi Dinar

The currency of Iraq.Learn more about Currencies

IRA rollover

A tax-free reinvestment of a distribution from a qualified retirement plan into…

Irish Punt

The currency of the Republic of Ireland until 1 January 1999, when it was superseded…

IRR

Acronym for Internal Rate of Return, which refers to the rate of return that…

irredeemable bond

Bond without a call feature or a redemption privilege. Opposite of callable bond.

irrevocable

The incapacity to be undone.

irrevocable trust

A trust that cannot be changed or canceled upon establishment without the consent…

IRS

The IRS is responsible for the collection, enforcement and to a degree the…

ISIN

Acronym for International Securities Identification Number. A unique international…

ISK

The ISO currency code for the Iceland Krona. Learn more about the Icelandic króna. and Iceland at GoCurrency.com

ISM Manufacturing – United States

ISM Manufacuring assesses the state of US industry by surveying executives…

ISM Non-Manufacturing – United States

ISM Non-Manufacturing gauge of business conditions in non-manufacturing industries,…

ISO

Acronym for Incentive Stock Option. A type of employee stock option which provides…

Israeli Shekel

The currency of Israel. Learn more about the Israel Shekel and Israel at GoCurrency.com

issue

A stock or bond which has been offered for sale by a corporation or government…

issue date

The date on which a bond, insurance policy or stock offering is issued. Also known as date of issue.

issuer

A firm or municipality offering, or having already offered, securities for sale…

Italian Lira

The currency of Italy until 1 January 1999, when it was superseded by the euro….

itemized deduction

An incurred expense which reduces an individual’s taxable income, in accordance…

ITL

The ISO currency code for the Italian Lira.

ITS

Acronym for Intermarket Trading System. A computer network that connects several…

Ivey Purchasing Managers Index (PMI) – Canada

A monthly measure of the change in purchases by corporate executives. One hundred…

Ivey Purchasing Managers Index (PMI) – Canada

A monthly measure of the change in purchases by corporate executives. One hundred…

Ivory Coast Franc

The currency of Ivory Coast.See GoCurrency World Currencies Page & Currency Converter