Term of the Day: Option

The right, but not the obligation, to buy (for a call option) or sell (for a put option) a specific amount of a given stock, commodity, currency, index, or debt, at a specified price (the strike price) during a specified period of time. For stock options, the amount is usually 100 shares. Each option has a buyer, called the holder, and a seller, known as the writer. If the option contract is exercised, the writer is responsible for fulfilling the terms of the contract by delivering the shares to the appropriate party. In the case of a security that cannot be delivered such as an index, the contract is settled in cash. For the holder, the potential loss is limited to the price paid to acquire the option. When an option is not exercised, it expires. No shares change hands and the money spent to purchase the option is lost. For the buyer, the upside is unlimited. Options, like stocks, are therefore said to have an asymmetrical payoff pattern. For the writer, the potential loss is unlimited unless the contract is covered, meaning that the writer already owns the security underlying the option. Options are most frequently as either leverage or protection. As leverage, options allow the holder to control equity in a limited capacity for a fraction of what the shares would cost. The difference can be invested elsewhere until the option is exercised. As protection, options can guard against price fluctuations in the near term because they provide the right acquire the underlying stock at a fixed price for a limited time. risk is limited to the option premium (except when writing options for a security that is not already owned). However, the costs of trading options (including both commissions and the bid/ask spread) is higher on a percentage basis than trading the underlying stock. In addition, options are very complex and require a great deal of observation and maintenance. also called option contract.

 

Thought of the Week: In One Moment

What is not possible to achieve in thousands of lives can be achieved in one moment if there is an opportunity to meet a saintly person. It is therefore enjoined in Vedic literature that one should always try to associate with saintly persons and try to disassociate oneself from the common man, because by one word of a saintly person one can be liberated from material entanglement.

- Srimad-Bhagavatam 3.22.5

 

Term of the Day: GDP

Gross Domestic Product. The total market value of all final goods
and services produced in a country in a given year, equal to total
consumer, investment and government spending, plus the value of
exports, minus the value of imports. The GDP report is released at
8:30 am EST on the last day of each quarter and reflects the
previous quarter. Growth in GDP is what matters, and the U.S. GDP
growth has historically averaged about 2.5-3% per year but with
substantial deviations. Each initial GDP report will be revised
twice before the final figure is settled upon: the "advance" report
is followed by the "preliminary" report about a month later and a
final report a month after that. Significant revisions to the
advance number can cause additional ripples through the markets.
The GDP numbers are reported in two forms: current dollar and
constant dollar. Current dollar GDP is calculated using today's
dollars and makes comparisons between time periods difficult
because of the effects of inflation. Constant dollar GDP solves
this problem by converting the current information into some
standard era dollar, such as 1997 dollars. This process factors
out the effects of inflation and allows easy comparisons between
periods. It is important to differentiate Gross Domestic Product
from Gross National Product (GNP). GDP includes only goods and
services produced within the geographic boundaries of the U.S.,
regardless of the producer's nationality. GNP doesn't include
goods and services produced by foreign producers, but does include
goods and services produced by U.S. firms operating in foreign
countries.

 

Sanskrit Word of the Week: Radha-Damodara

The Presiding Deities of ISKCON’s Gita-nagari farm in Pennsylvania, U.S.A.

 

Term of the Day: Revenue

Total dollar payment for goods and services that are credited to an
income statement over a particular time period. Revenue figures will
usually be net of discounts or any payments that are returned to the
customer or client. By subtracting expenses from revenue, a
company's net income can be calculated. In terms of reporting
revenue in a company's financial statements, the question of when
revenue should be considered received (or "recognized") is
sometimes not clear. For example, revenue could be recognized when
the deal is signed, when the money is received, when the services
are provided, or at other times. There are rules specifying when
revenue should be recognized in different situations, and in
general, companies should recognize revenue only when the good or
service is fully transferred over to the customer/client, and when
the amount of revenue to be received can be reliably determined.

 

Term of the Day: Book Value

A company's common stock equity as it appears on a balance sheet,
equal to total assets minus liabilities, preferred stock, and
intangible assets such as goodwill. This is how much the company
would have left over in assets if it went out of business
immediately. Since companies are usually expected to grow and
generate more profits in the future, most companies end up being
worth far more in the marketplace than their book value would
suggest. For this reason, book value is of more interest to value
investors than growth investors.

The value of an asset as it appears on a balance sheet, equal to
cost minus accumulated depreciation. Book value often differs
substantially from market price, especially in knowledge
industries such as high-tech.

 

Term of the Day: Interest

The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal; the rate is dependent upon the time value of money, the credit risk of the borrower, and the inflation rate. Here, interest per year divided by principal amount, expressed as a percentage. also called interest rate.

The return earned on an investment.

Partial or total ownership in an asset.

 

Term of the Day: EBITDA

Earnings Before Interest, Taxes, Depreciation and Amortization. An
approximate measure of a company's operating cash flow based on
data from the company's income statement. Calculated by looking at
earnings before the deduction of interest expenses, taxes,
depreciation, and amortization. This earnings measure is of
particular interest in cases where companies have large amounts of
fixed assets which are subject to heavy depreciation charges (such
as manufacturing companies) or in the case where a company has a
large amount of acquired intangible assets on its books and is thus
subject to large amortization charges (such as a company that has
purchased a brand or a company that has recently made a large
acquisition). Since the distortionary accounting and financing
effects on company earnings do not factor into EBITDA, it is a
good way of comparing companies within and cross industries. This
measure is also of interest to a company's creditors, since EBITDA
is essentially the income that a company has free for interest
payments. In general, EBITDA is a useful measure only for large
companies with significant assets, and/or for companies with a
significant amount of debt financing. It is rarely a useful
measure for evaluating a small company with no significant
loans. Sometimes also called operational cash flow.

 

Verse of the Week: Completely Absorbed in Me

Engage your mind always in thinking of Me, become My devotee, offer obeisances to Me and worship Me. Being completely absorbed in Me, surely you will come to Me.

 

Lord Sri Krishna         

        

Bhagavad Gita 9-34

 

 

Samsung Steel Mobile Phone unveiled in the UK

Samsung has announced the availability of its new handset called Steel, in the UK. The new phone will be available exclusively with Vodafone. The Steel features an elegant look and is especially designed for style-conscious users.

The latest phone is further equipped with a 2.2-inch screen with 262K colors. HSDPA connectivity and a 3-megapixel camera are the salient features of the Steel handset.

“With the Samsung Steel we wanted to create a multimedia handset with a timeless appeal and premium feel”, said Mark Mitchinson, Vice President, Samsung Mobile UK and Ireland.

Moreover, the new handset boasts a microSD card slot of up to 8GB. Bluetooth is also included in the phone.

Samsung’s Steel is expected to be available in the UK market in June 2008.

 

Term of the Day: Accounts Payable

Money which a company owes to vendors for products and services purchased on credit. This item appears on the company's balance sheet as a current liability, since the expectation is that the liability will be fulfilled in less than a year. When accounts payable are paid off, it represents a negative cash flow for the company.

 

Term of the Day: Derivative

A financial instrument whose characteristics and value depend upon the characteristics and value of an underlier, typically a commodity, bond, equity or currency. Examples of derivatives include futures and options. Advanced investors sometimes purchase or sell derivatives to manage the risk associated with the underlying security, to protect against fluctuations in value, or to profit from periods of inactivity or decline. These techniques can be quite complicated and quite risky.

Verse of the Week: A Puppet in Your Hands

O Lord, I am just like a puppet in Your hands. So if You have brought me here to dance, then make me dance, make me dance, O Lord, make me dance as You like.

 

Srila Prabhupada        

        

Prayers aboard the Jaladuta 1965

Term of the Day: Risk

The quantifiable likelihood of loss or less-than-expected returns. Examples: currency risk, inflation risk, principal risk, country risk, economic risk, mortgage risk, liquidity risk, market risk, opportunity risk, income risk, interest rate risk, prepayment risk, credit risk, unsystematic risk, call risk, business risk, counterparty risk, purchasing-power risk, event risk.

 

SarDarJi Funny Jokes

*Sardar to his servant: Go and water the plants.
Servant: It's already raining.
Sardar: So what take an umbrella and go. *

*
**
Sardar found the answer to the most difficult question ever -
What will come first, Chicken or egg?
O Yaar, what ever U order first, will come first. **

* * * * * *
**
A teacher told all students in a class to write an essay on a cricket match.
All were busy writing except one Sardarji.
He wrote "DUE TO RAIN, NO MATCH!" *

*

**
Postman: - I Have To Come 5 Miles to Deliver U This Packet
Sardar: - why did U come so far. Instead U could Have posted it.... **

* * * * *

*
A Sardar & his wife filed an application for Divorce.
Judge asked: How'll U divide your kids, U"VE 3 children?
Sardar replied: Ok! We'll apply NEXT YEAR**

*

*
Sardar's wish: when I die, I wana die like my Grandpa who died peacefully in
his sleep not Screaming like all d passengers in d car he was Driving.. *

* * * * * *

*A Teacher lecturing on population: *

*"In Indi a after every 10 secs a women gives birth to a kid. " **
A Sardar stands up- "We must find & stop her!. " **

* *
**
A man: "Sardarji, tell me, why Manmohan Singh goes for a walk in the evening
not in the morning?" *

*Sardarji: ''Arey bhai Manmohan is PM not AM''.**
*
*
**
Sardar visits Chinese friend dying in hospital.
The Chinese friend just says "CHIN YU YAN" and dies.
Sardarji goes to China to find the meaning of his friend's last Words.
And finds It means "U R STANDNG ON the OXYGEN TUBE!" **

**
**
Sardarji was standing in front of the mirror with his eyes closed.
His wife asked what you are doing.
He said-I am seeing how I look while sleeping. **
*
*
**
Why did Sardar cut the sides of the capsule before taking it? *

*Guess what...
To avoid side effects!!! ***

*
Man: Sardarji where were U born?
Sardarji: Punjab .
Man: Which part?
Sardar: Oye part part kya kar raha hai, whole body Is born in Punjab Yaar".
**
*

*Lawyer to Sardar: "Gita pe haath rakhkar kaho ke...... "
Sardar :"Yeh kya, Sita pe haath lagaya to court mein Bulaya. Ab fir Gita pe
haath!!"

*

* **
*
*
**
Sardar: For the past one week a girl is disturbing Me.
I don't know how she got my no, she interrupts whenever I call someone and
says "please recharge your card" **

* *
**
A person went into the office kitchen one morning and found a Sardarni
painting the walls. She was wearing a new fur coat and a nice denim jacket.
Thinking this was a little strange, he asked her why she was wearing them
rather than old clothes or an overall.
She showed him the instructions on the tin, "For Best Results put on Two
Coats" **
*

*A sardar was drawing money from ATM, *

*The sardar behind him in the line said, "Ha! Ha! Haaa! I've seen ur
password. Its 4 asterisks (****). "
The first sardar replies, "Ha! Ha! Haaa! U R wrong, Its 1258" **

*

*Q:) How do U recognize a sardar in school or College???
A:) They are the ones who erase their notebooks when the teacher erases the
blackboard... BOLO tarara!! **
*
*
**
Q:) Why did the sardarji sleep with a scale?
A:) Because he wanted to measure how long he has Slept........ **

*

*Santa Singh MBBS
After finishing his MBBS, Dr. Santa Singh starts his Own practice.
He checked his first patient's Eyes, then the tongue, and finally the Ears
using a torch.
Finally he said Battery is Ok !!! *

 

SP Quote Of The Day: I think, however, that you have missed the following verse in Bhagavad-gita

Friday, Januay 30, 1970

Los Angeles

J.F. Staal
Professor of Philosophy
and of South Asian Languages
University of California, Berkeley
Berkeley, California

My Dear Professor Staal;
But I am surprised to see that in the last paragraph of your letter you say, “it is an indisputable fact that the Bhagavad-gita (not to mention the Vedas) does not require such constant chanting.” I think, however, that you have missed the following verse in Bhagavad-gita, apart from many other similar verses.

satatam kirtayanto mam yatantas ca drdha vratah
namasyantas ca mam bhaktya nitya-yukta upasate
[Bg. 9.14]

The engagements of the Great Souls, freed from delusion and perfect in their realization of God, are described here: “Satatam kirtayanto mam” [Bg. 9.14]– they are always (satatam) chanting (kirtayanto) My glories, and “nitya-yukta upasate”–always worshiping Me.

www.bhaktispot.com

 

Term of the Day: Capital Lease

A lease that meets one or more of the following criteria, meaning it is classified as a purchase by the lessee: the lease term is greater than 75% of the property's estimated economic life; the lease contains an option to purchase the property for less than fair market value; ownership of the property is transferred to the lessee at the end of the lease term; or the present value of the lease payments exceeds 90% of the fair market value of the property.

 

Term of the Day: Corporation

The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnerships.

 

SP Quote Of The Day: If there is some incident and I claim that no one is cooperating with me or no one will work with me, that is my defect, not theirs.

26 August, 1972

Los Angeles

My Dear Gaurasundara,
I have stuck to my duty, keeping my Spiritual Master always in front. Because there is some fighting or bickering amongst us, that does not mean that I should go away. If I have understood the order of my Spiritual Master rightly, then I must perform my duty under any circumstances and never one think of going away under disgust.

If there is some incident and I claim that no one is cooperating with me or no one will work with me, that is my defect, not theirs. The Vaisnava devotee must think like this. We should not find fault with others and criticize and go away, that is not the Vaisnava way. Better we should always be willing to offer all respects to others and consider them as our superiors always.

www.bhaktispot.com

Term of the Day: Current Assets

A balance sheet item which equals the sum of cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one year. A company's creditors will often be interested in how much that company has in current assets, since these assets can be easily liquidated in case the company goes bankrupt. In addition, current assets are important to most companies as a source of funds for day-to-day operations.

 

SP Quote Of The Day: I accept you therefore as representatives of my Guru Maharaja playing as my affectionate disciples.

Saturday, 26 August, 1972

Los Angeles

VYASAPUJA REPLY:

My dear beloved Children,

Please accept my blessings.

I am so much pleased with your kind and affectionate words on the occasion of my birthday anniversary on the Nandotsava day this year (1972). My Guru Maharaja wanted me to spread this Krishna Consciousness Movement in western world, and you are all helping in this great attempt.

My Spiritual Master knew it that alone I could not do this great work. Therefore He has very kindly sent you all to help me in this task. I accept you therefore as representatives of my Guru Maharaja playing as my affectionate disciples.

It is said that child is father of man. Kindly therefore continue your help in this great task and act as my young father and mother in my old age. I am

Your ever well-wisher,
A. C. Bhaktivedanta Swami

www.bhaktispot.com

 

Sanskrit Word of the Week: Nrisimha (-deva)

The pastime incarnation of the Supreme Lord Vishnu as half-man half-lion. He appeared in order to deliver the saintly child Prahlada from the persecutions of his father, Hiranyakashipu. When Hiranyakashipu demanded of Prahlada, “If your God is everywhere, is He also in this pillar?” Lord Nrisimha burst out of the pillar and ripped Hiranyakashipu apart.