Meaning BLACK MONDAY: Refers to October 19, 1987, when the Dow Jones Industrial Average fell 508 points on the heels of sharp drops the previous week. On Monday, October 27, 1997, the Dow dropped 554 points. While the point drop set a new record, the percentage decline was substantially less than in 1987
More terms such as Black Monday in Dictionary B.
- Definition Buy-Side Analyst:
- Examples A financial analyst employed by a nonbrokerage firm, typically one of the larger money management firms that purchases securities on its own account black monday definition.
- Definition Business Failure:
- Examples A business that has terminated operations with a loss to creditors black monday explain.
- Definition Bankruptcy:
- Examples Inability to pay debts. In bankruptcy of a publicly owned entity, the ownership of the firm's assets is transferred from the stockholders to the bondholders black monday what is.
- Definition Bondholder:
- Examples The firm often has stockholders and bondholders. In a liquidation, the bondholders have first priority black monday meaning.
- Definition Bubble Theory:
- Examples Security prices sometimes move wildly above their true values, or the price falls sharply until the bubble bursts black monday abbreviation.
