Category: Terms Explained

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....

Blue Ocean Versus Red Ocean

Two ways to compete. One fights for a share of what exists. The other builds a market where the fight has not started....

What Is Statutory Liquidity Ratio?

A rule most people have never heard of quietly decides how much a bank can lend, and therefore what you pay on a loan....