What Is Invisible Supply?

Grain not included in the official statement of visible supply, remaining in the farm or private granaries.

What Is An Invoice?

A statement or account furnished by the shipper of goods to the receiver.

What Are Irish Dividends?

An assessment on stock is known as an "Irish Dividend," by jokers. It is a traditional facetiousness.

What Is An Irredeemable Bond?

A continual bond which cannot be redeemed or paid off, the interest goes on forever. Such issues have been made by European governments and municipalities, but they are very rare in this country.

What Does Irregular Mean?

If one group of stocks advances and another declines at the same time, the market is technically described as "irregular."

What Does Jettison Mean?

When a ship at sea is in danger sometimes it is necessary to relieve the vessel of part of her cargo. When the cargo is thrown overboard it is said to be "jettisoned."

What Are Jobbers?

A term not much used in Wall Street, but well known on London 'change, where a "jobber" is equivalent to an "operator."

What Is A Joint Bond?

A bond, the payment of the principal and interest of which is assumed by two or more parties or corporations jointly bound. Such issues are frequent among railroad bonds.

What Are Kaffirs?

The London Stock Exchange name for all shares of South African mining, land, industrial and other companies.

What Is Meant By Kangaroos?

The London Stock Exchange name for shares of all West Australian mining, land, industrial and other companies.

What Is A Kilo?

It is the unit of measurement employed by Germany and Belgium; 100 kilos are equal to 3.67 bushels.

What Is Kite-Flying?

It is expanding one's credit beyond safe limits.

What Is Meant By The Term Kiting?

Kiting, simply stated, is making a fresh obligation to pay a prior one. The commonest form is by checks. A depositor in a bank may issue a check exceeding his balance. He makes out another check, gets it cashed at another bank or by some friend, and deposits the cash in his bank in time to meet the first check. Sometimes two or three days elapse before his second check reaches his bank, during which time he makes another check, cashes it, and deposits the money in his own bank, etc.

A person engaged in "kiting" may arrange to exchange checks with one or more persons having accounts in different banks or living in different cities, and thus enlarge the circle of his operations.

What Is A £?

An English pound sterling is equivalent to $4.86 ½ in our money.