Mark E. Berch

Financial Dictionary - Mark E. Berch:

Too-big-too-fail
Government practices that protect large banking organizations from the normal discipline of the marketplace because of concerns that such institutions are so important to markets and their positions so intertwined with those of other banks that their failure would be unacceptably disruptive, financially and economically.

Primary distribution
Sale of a new issue of stock or bonds, as distinguished from a secondary distribution.

Mark Berch: Symmetric cash matching
An extension of cash flow matching that allows for the short-termborrowing of funds to satisfy a liability prior to the liability due date, reducing the cost of funding liabilities.

Translation Risk
The risk of changes in the reported home currency accounting results of foreign operations due to changes in currency exchange rates.

Mark E. Berch:Simple moving average
The mean, calculated at any time over a past period of fixed length.

Direct rollover
Movement of tax-deferred retirement plan money from one qualified plan or custodian to another. No immediate tax liabilities or penalties are incurred, but there is an IRS reporting requirement.

Hot money
Money that moves across country borders in response to interest rate differences and that moves away when the interest rate differential disappears. Mark Berch

Human capital
The unique capabilities and expertise of individuals.