KURTOSIS

Greek ‘kyrtosis,’ meaning convexity. Measure of relative data value concentration in the center versus in the tails of a frequency distribution. Flatness or peakedness reflects concentration. A normal distribution has a kurtosis of 3. Higher kurtosis distributions show fatter tails with more extreme values. This is ‘leptokurtosis’. Lower kurtosis show fatter middles, less fewer extreme values. This is ‘platy kurtosis’. Refer to convexity.

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KUT-KUBAEA

In Hindu law. A mortgage-deed or deed of conditional sale, being one of the customary deeds or instruments of security in India as declared by regulation of 1800, which regulates the legal proceedings to be taken to enforce such a security. It is also called “JJycliil-Wuffa.” Wharton.

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KYMORTHA

A Welsh term for a waster, rhymer, minstrel, or other vagabond who makes assemblies and collections. Barring. Ob. St 300.

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KYOTO PROTOCOL

Industrialized countries excluding the US agree to reduce emissions of greenhouse gases. Negotiated in 1997 in Kyoto, Japan.

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KYTH

Sax. Kin or kindred. I > L. 691

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KNOWLEDGE CREATION

Defined by Ikujiro Nonaka, interactions between explicit and tacit knowledge form new ideas. Socialization (tacit to tacit), externalization (tacit to explicit), combination (explicit to explicit), and internalization (explicit to tacit) are the types of interactions defined.

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KNOCK OFF

1. A very similar looking product copy a patented, trademarked, or copyrighted product or work that is cheaper as an illegal version. 2. A cheaper version of a higher-priced material or product as a competitor functionally and qualitatively equivalent.

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KNOWLEDGE ECONOMY

Building, evaluating, and trading knowledge is the basis of this economy. Labor costs slowly decrease in importance while dwindling concern occurs over scarcity of resources and economies of scale, traditional economic concepts.

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KNOCK-IN OPTION

Event-driven benefit payoff tied to something occurring like a specific change in an asset’s price. Contrast to knock-out option.

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KNOWLEDGE MANAGEMENT

Building of an organization’s intellectual assets by strategies and processes. Driving to identify, capture, structure, value, leverage, and share, enhancing results and market share. Two critical activities are its basis: (1) retain individual explicit and tacit knowledge (capture and document), and (2) socialize it (organizational disseminated).

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