Archive for the ‘Business’ Category

What does NASDAQ stand for?

NASDAQ is known as NASDAQ Stock Market. It is an American stock exchange and is the largest electronic screen based equity securities trading market in the United States. NASDAQ Stock Market has more trading volume per hour than any other stock exchange in the world and it has about 3,700 corporations and companies. The National […]

What does MSNBC stand for?

About MSNBC MSNBC is a cable news channel located in the United States that is available in both the United States and Canada. The name is an amalgamation of “Microsoft” and “NBC”. Two partnerships with the names MSNBC and were established in 1996 by Microsoft and General Electric’s NBC unit, which is presently NBC […]

What does Geico stand for?

GEICO stands for Government Employees Insurance Company. This name was adopted based on the roots from which the Company has matured. Its founder Leo Goodwin first decided to target military and government employees but the business further expanded to include services for wide range of customers. During the Great depression in the United States in […]

What does ECN stand for?

ECN is the acronym for Electronic Communications Network. This term is often used in financial circles to represent a type of computer system that facilitates the trading of financial products outside of stock exchanges. Currencies and stocks are the main products that are traded on ECNs. ECNs came into being in 1998 when the SEC […]

What does Swift stand for?

The acronym S.W.I.F.T stands for Society for World Interbank Financial Telecommunication. SWIFT is a non-profit messaging service-type organization with its headquarters located in Belgium. One can find SWIFT offices in the developing markets and the world’s major financial centres. SWIFT is member owned and its membership consists of financial institutions. Origin The origin of SWIFT […]

What does DC Shoes stand for?

DC Shoes is an American company that specializes in extreme sports footwear. These various types of footwear include BMX, skateboarding, rally car racing, surfing and motocross. Hats, jeans, jackets, snowboards and shirts are also included in the specialization. DC Shoes was established in 1993 with its base in California. Originally, DC meant ‘Droors City Footwear,’ […]

What does Fannie Mae stand for?

Fannie Mae stands for Federal National Mortgage Association. Fannie Mae is a government sponsored enterprise contracted by the United States Congress. As such Fannie Mae’s mission is to supply affordability, liquidity and stability to the United States’ housing and mortgage markets. Fannie Mae functions in the United States secondary mortgage market. The association works with […]

What does HSBC stand for?

HSBC originally stood for Hongkong and Shanghai Banking Corporation. It now falls under the parent company HSBC Holdings plc and it is a public limited company that was established in England and Wales in 1990, with headquarters in London since 1993. It is both the world’s largest banking group and the world’s 6th largest company, […]

What does NASCAR stand for?

NASCAR stands for National Association for Stock Car Auto Racing. NASCAR is a family-owned and operated business venture that administers and authorizes numerous auto racing sports events. Bill France Snr. Founded the association in 1947-48. Since the start of 2009, the CEO for the company is the grandson of the late Bill France Sr., Brian […]

What does MSFT stand for?

MSFT represents Microsoft Corporation. It is a multinational computer technology corporation that extends licenses, supports and makes a wide variety of software products for computing devices. The Microsoft Corporation has its headquarters in Washington USA and it most lucrative products are the Microsoft Office and Microsoft Windows operating system collection of productivity software. In 1975 […]