Black Box

(redirected from COTS)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

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 ?
This implies that the decision of selecting COTS based crime analysis system involves many criteria of different perspectives.
The following subsections describe an existing COTS evaluation approaches in detail, and outline the disadvantages of each technique.
Integrating COTS components into your environment can cut into the initial savings in development time.
Perform an enterprise-wide baseline audit of all your COTS assets to determine your current risk vulnerability.
Because the protocol stack and driver run on a COTS SBC, the AFDX-E1000 is very flexible and can be upgraded with new software through a simple download for ease of maintenance.
SBS Technologies is proud to deliver a flexible AFDX End System solution for flight applications based on COTS hardware", said Adrian Bernhard, Managing Director, SBS Technologies European Operations.
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.
While responding to NASA's COTS proposal as a prime team member, SPACEHAB is supporting alternate team proposals in a subcontractor role.
With a prime bid accepted, SPACEHAB will commence development of its COTS solution, demonstrating its capability to rendezvous and dock with the International Space Station and dispose of or return needed equipment and supplies.
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.
The four Virtex-4 COTS FPGA products will be available for shipping Q1 2006; pricing is available on request.