Who Is A Poor Man?

Which one of the following is known as poor man’s meat?

Pulses are known as the poor man’s meat because they are rich in nutrition and low in cost.

Therefore, most low income populations can use this nutritious crop as their staple food..

What are the 3 types of poverty?

However you define it, poverty is complex; it does not mean the same thing for all people. For the purposes of this book, we can identify six types of poverty: situational, generational, absolute, relative, urban, and rural. Situational poverty is generally caused by a sudden crisis or loss and is often temporary.

Why were the old man of the village sitting in the room?

why the old men of the village were sitting there in the back of the room. It was because they were sorry, too, that they had not gone to school more. It was their way of thanking our master for his forty years of faithful service and of showing their respect for the country that was theirs no more.

Can you lose money on covered calls?

The maximum loss on a covered call strategy is limited to the price paid for the asset, minus the option premium received. The maximum profit on a covered call strategy is limited to the strike price of the short call option, less the purchase price of the underlying stock, plus the premium received.

Is selling options better than buying?

Option buyers want to buy an option at a cheaper price and sell it at a higher price. This occurs when a call’s or put’s implied volatility is low, then subsequently increases. Conversely, option sellers want to sell when an option price is high and later buy it back when the price is cheaper.

Who is referred to as he in the above extract?

The word ‘he’ in the above extract refers to the lawyer. … The lawyer would win the bet and the banker would have to pay him two million.

What is a poor man’s covered call?

A “Poor Man’s Covered Call” is a Long Call Diagonal Debit Spread that is used to replicate a Covered Call position. The strategy gets its name from the reduced risk and capital requirement relative to a standard covered call.

What is the meaning of poorest?

1. Having little or no money or wealth: beggarly, destitute, down-and-out, impecunious, impoverished, indigent, necessitous, needy, penniless, penurious, poverty-stricken.

How are poor people identified?

A common approach to identifying poor people has been to apply a ‘poverty line’ (determined by a range of criteria such as income, expenditure, calorie intake). However there are several problems with this kind of approach. There may be a considerable range within the group of ‘the poor’ identified by one cut-off line.

What is the meaning of poor?

Poor, impecunious, impoverished, penniless refer to those lacking money. Poor is the simple term for the condition of lacking means to obtain the comforts of life: a very poor family. Impecunious often suggests that the poverty is a consequence of unwise habits: an impecunious actor.

What is churning poor?

Churning poor are those who regularly move in and out of the poverty line. … If these people get the employment, they will move above the poverty line. For example: seasonal workers.

What is a Richman?

1. rich man – a man who is wealthy. man of means, wealthy man. nabob – a wealthy man (especially one who made his fortune in the Orient) have, rich person, wealthy person – a person who possesses great material wealth.

Why is the expression poor man used for him?

Hamel the French teacher is referred to as the poor man because it was his last lesson in the school. … The old men of the village came to the school that day to thank M. Hamel for his forty years of faithful service.

What is always poor?

Chronic poor: People who are constantly poor and those who are normally poor but who may seldom have a small amount of money (for example casual workers) are classified collectively as the chronic poor.

Why covered calls are bad?

There are two other issues to consider: taxes and transaction costs. Covered call strategies result in tax inefficiencies because some or all of the income (depending on whether one is writing options on indexes or individual stocks) will be treated as short-term capital gains.