standard accounting practiceA set of rules that a company must follow when reporting information on its financial statement. The standard accounting practice guidelines allow companies to be compared to each other because they have followed the same rules. The standard methods in the U.S. are referred to as Generally Accepted Accounting Principles

Term of the Daypivot pointA technical indicator which is used to predict a change in resistance or support levels for a stock. The pivot point is calculated by taking the average of a stock's daily high, low, and closing price. If the market price increases above the pivot point, it is said to indicate a new support level, but if it decreases below the pivot point, it is said to indicate a new resistance level. Pivot points are often used in analysis of the forex market. Formula: the sum of the high, low, and closing prices divided by 3

Term of the Dayconsumer discretionaryA category of industries, made up of companies which deal with products or services that are not necessities. The degree of spending and amount of consumption of these products and services varies depending upon the individual. These industries include automobiles, high-end clothing, restaurants, hotels, and luxury goods.

Term of the DayC Corporation (C Corp)US business organization structure that provides several non-tax benefits (such as limited liability for the owners) and is popular as a staging base for raising large amount of investment capital by going public. Unlike in a S corporation, however, the entity's income is taxed twice first as corporate income, then as shareholder (dividend) income

Term of the Dayspecial resolutionExtraordinary resolution regarding an important decision, such as for altering the terms of the articles of association or the memorandum of association, or making some other major or fundamental changes in an organization. A special resolution typically requires (1) not less than 21 days notice to the members of the intention to propose the resolution, (2) not less than three-fourth of the votes of the members present in person or by proxy for approval, and (3) to be filed with the competent authority (such as the registrar of companies in the UK), within 15 days of being approved

Term of the Dayguaranteed stockPreferred or common stock of one corporation whose dividends are guaranteed by another corporation. Since the dividends are guaranteed, investors are generally willing to pay a higher amount for the stock than if the stock was not backed up by a guarantee. How valuable the actual guarantee is will depend on the guarantor's financial and credit history. The guaranteed stock

arrangement has frequently been used by railroads