Multirule system
A technical trading strategy that combines mechanical rules, such as the CRISMA (cumulative volume, relative strength, moving average) Trading System of Pruitt and White. |
Similar financial terms
Systematic riskThe systematic risk of an asset or portfolio is the risk that cannot be diversified away.
Accelerated cost recovery system (ACRS)
Schedule of depreciation rates allowed for tax purposes.
Unsystematic risk
Also called the diversifiable risk or residual risk. The risk that is unique to a company such as a strike, the outcome of unfavorable litigation, or a natural catastrophe that can be eliminated through diversification.
Two-tier tax system
A method of taxation in which the income going to shareholders is taxed twice.
Systematic risk principle
Only the systematic portion of risk matters in large, well-diversified portfolios. The expected returns must be related only to systematic risks.
Systematic
Common to all businesses.
Split-rate tax system
A tax system that taxes retained earnings at a higher rate than earnings that are distributed as dividends.
Progressive tax system
A tax system wherein the average tax rate increases for some increases in income but never decreases with an increase in income.
Nonsystematic risk
Nonmarket or firm-specific risk factors that can be eliminated by diversification. Also called unique risk or diversifiable risk. Systematic risk refers to risk factors common to the entire economy.
Coastal Barrier Resources System (CBRS)
Designed to save Federal funds, protect human lives, and conserve coastal natural resources.
Clearing House Automated Payments System (CHAPS)
A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS).
Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value payments operated by a group of major banks.
Specialist System
A type of trading commonly used for the exchange trading of securities in which one individual or firm acts as a market-maker in a particular security, with the obligation to see that trading in that security is fair and orderly by offsetting temporary imbalances in supply and demand by trading for his own account.
