Category: Terms Explained

What Insider Trading Actually Is

A term people use loosely for any unfair advantage. It has a narrow definition, two dates, and an argument inside it that is more interesting than the crime....

The Concept Of Prejudice

A word we use loosely every day has a precise definition, a date of birth, and an argument inside it that is still running....

What Are Super Lice?

A term the medical community is divided about, and the ordinary biological process that sits underneath the alarming name....

What Is A Business Venture?

Where a venture comes from, who funds it at each stage, and the one document that should exist before any of it starts....

What Is A Transaction Processing System?

The cash machine is the everyday example. One user, one transaction, an answer straight away. The contrast with how the alternative works explains why it feels different....

What Is Verbal IQ?

Not vocabulary, and not how well you speak. It measures how much of the meaning you actually take in....

What Is A Graveyard Market?

A market where those inside cannot get out and those outside will not come in. The name is dramatic. The mechanism is not....

Patents: Owning An Idea

A patent is a bargain with the state. You publish how it works, and in return nobody else may use it for a while....