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OPEC

Hello class, today we will be discussing the Organization of Petroleum Exporting Countries, also known as OPEC. Let's start with the term "Opening Print". This refers to the first price at which a stock is traded for the day, as indicated on the ticker. OPEC is a group of countries that control a significant portion of the world's oil supply. Now, let's dive deeper into the financial implications of OPEC's actions.

Spring

In the world of finance, we often come across terms that may seem complex or confusing. Today, we will delve into the concept of a "bearish harami" pattern. This pattern occ...

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CUSIP

Let's talk about the Committee of Uniform Security Identification Procedure, or CUSIP for short. This committee assigns a unique number to each security that appears on all...

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Usance draft (usance bill)

A time draft is a type of financial document that requires payment at a predetermined future date. It is essentially a written request for payment that is not due immediatel...

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Trade acceptance

In the realm of finance, a bill of exchange refers to a written order issued by a seller or exporter to a purchaser or importer for the payment of goods sold. This written d...

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