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Whipsaw Glossary

Currently viewing the definition of: Ernie
 
 
 ERNIE stands for electronic random number indicator equipment. ERNIE is the machine that generates numbers that are matched against premium bond holders to determine who the monthly winners are.  
 


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    • Mark to Market
      Mark to market is where holdings in shares are revalued each day to reflect the closing market price. The resulting balance sheet offers a more accurate picture of the financial position of the business than if the shares were shown at cost.