Business and Personal Finance Dictionary

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• SIMULATIONS
  
  Are the results or the processes of generating data and outcomes for different paths and scenarios. It provides a statistical framework for what-if conditions. The art of the simulation is trying to construct an elegant, representative model. This model should properly weigh, in a probabilistic sense, the expected behavior of the time series. SIPC - Is the Securities Investor Protection Corporation. It was created to protect the clients of a securities firm in the event that the firm went into bankruptcy. There are limitations on the coverage as to cash and securities. Many brokerage firms purchase private insurance to increase the securities value limit for their accounts. It should be noted that this coverage is not offered or guaranteed by the Federal Government. SIPC is comprised of members who are brokers and/or dealers registered under the Securities Exchange Act of 1934. It should be noted that in event of a bankruptcy there may not be a timely disposition of options or other security derivatives.
  
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