Archive for the ‘Business’ Category

What does CIGNA stand for?

About CIGNA CIGNA Corporation or NYSE: CI is an American for profit health insurance company. The health care headquarters may be found in Bloomfield, Connecticut, while the corporate headquarters are located at Two Liberty Place in Center City Philadelphia, Pennsylvania. CIGNA additionally has a major presence in the Phoenix, AZ metro area with its full-service […]

What does AMEX stand for?

AMEX stands for American express operates in over 130 countries around the globe. The tale of American Express is a mesmerizing one filled with interesting and quirky characters who — through a combination of brains, perseverance and luck — shaped the company’s development during the past century and a half. The express company that forwarded […]

What does NYSE stand for?

NYSE is the acronym for the New York Stock Exchange. The New York Stock Exchange originated in 1792 from the Buttonwood Agreement which was signed by twenty four (24) New York City merchants and stockbrokers. The agreement saw to the unswerving and unfailing commitment of the New York Stock Exchange to issuers and investors. The […]

What does DOW stand for?

DOW stands for the Dow Jones Industrial Average which is also known as the Dow 30, Industrial Average, Dow Jones or simply the Dow. Investing in the Dow Jones Industrial Average is accessed widely within equities through exchange traded funds as well as derivatives through future contracts and option contracts. The Dow is one of […]

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 NADA stand for?

About NADA NADA is a intialism for the National Automobile Dealers Association which was founded in 1917. It represents more than 19,700 new car and truck dealers, both domestic and international, with more than 43,000 different franchises. It was established by a group of dealers who were determined to lower the luxury tax on automobiles […]

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 KTM stand for?

KTM represents KTM Sport motor cycle AG an Austrian motorcycle maker. The company was inducted by engineer Hans Trunkenpolz in 1934. It commenced as a metal working shop and began making motorcycles in 1954. Albeit KTM is largely known for off road motorcycles it has in recent years broadened its delivery into street motorcycle manufacture. […]

What does LLP stand for?

LLP stands for Limited Liability Partnership. This is a partnership whereby some or all partners have limited liability, depending on the jurisdiction. In an LLP one partner is not liable or responsible for another partner’s negligence or misconduct. This is what distinguishes it from a limited partnership. Some partners in an LLP have a form […]

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 […]