Flash Crash

Definition:

Refers to the 700 point drop in the Dow Jones Industrial Average that happened in just a few minutes on May 7, 2010.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Debt capacity

Ability to borrow. The amount a firm can borrow up to the point where the firm value no longer increases.

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