Black Box

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Black Box

1. Any complex investment strategy or model. In general, a black box involves a computer using complicated formulas to achieve returns in the desired way. Because an investor may not understand the model (and may not be able to do so), a black box can lead to unforeseen problems. See also: Black box syndrome.

2. In Islamic finance, a strategy that allows one to invest funds in a Sharia-compliant way but still link the returns to non-compliant investments. Using a black box is very controversial and some Islamic finance scholars reject it as un-Islamic.
References in periodicals archive ?
Establish clear security standards and metrics for approving any new COTS applications as part of the procurement process itself (not as a security review after products have been chosen).
Create a security architecture and engineering review board to vet and approve code that modifies or interacts with COTS applications.
This means that this requirement should be formalized in your legal purchase agreement with the COTS vendor.
7 Leading National Military Communications & COTS Market Forecasts 2013-2023
Introduction to the Global Military Communications & COTS Market
1 Overview of the Military Communications & COTS Market
SBS Technologies is one of the very few companies possessing the capability to engineer such highly customized COTS systems solutions", said Adrian Bernhard, Managing Director, European Operations.
The use of COTS PCs and projection systems keeps costs within reach of operators looking to advance training effectiveness on Level B-type equipment.
In addition to the Company's extensive expertise in space hardware design and development, payload processing, and flight services capabilities, SPACEHAB's Astrotech subsidiary is renowned for its state-of-the-art spacecraft processing facilities and for related support services, critical elements of the COTS proposal requirements.
While responding to NASA's COTS proposal as a prime team member, SPACEHAB is supporting alternate team proposals in a subcontractor role.
Nallatech's new COTS FPGA products are available with the Virtex-4 LX FPGAs with high performance logic capability or the Virtex-4 SX family optimized for DSP performance.
Nallatech's Virtex-4 products support industry standard form factors, including cPCI, VME, PCI and PCI-104, delivering up to eight Virtex-4 FPGAs on a single COTS FPGA computing platform.