Cabinet security: A stock or bond listed on a major exchange with low daily traded volum ...

Cable: Exchange rate between British pounds sterling and the US dollar

CAC 40 index: A broad-based index of common stocks composed of 40 of the 100 largest ...

CAD: Canadian Dollar from Canada.

Cage: A section of a brokerage firm used for receiving and disbursing funds. ...

Calendar: List of new issues scheduled to come to market shortly.

Calendar effect: The tendency of stocks to perform differently at different times, incl ...

Calendar spread: Applies to derivative products. A strategy in which there is a simulta ...

Call: An option giving the owner of a call the right to buy 100 shares of st ...

Call an option: To exercise a call option.

Call auction: In a call auction participants indicate their willingness to buy or se ...

Call date: A date before maturity, specified at issuance, when the issuer of a bo ...

Call feature on bonds: A call feature grants the issue the right to retire the debt, fully or ...

Call money rate: Also called the broker loan rate , the interest rate that banks charge ...

Call option: An option contract that gives its holder the right (but not the obliga ...

Call premium: Premium in price above the par value of a bond or share of preferred s ...

Call price: The price, specified at issuance, at which the issuer of a bond may re ...

Call protection: A feature of some callable bonds that establishes an initial period wh ...

Call provision: An embedded option granting a bond issuer the right to buy back all or ...

Call risk: The combination of cash flow uncertainty and reinvestment risk introdu ...



Call risk on bonds: Many bonds include a call feature that allows the issuer to redeem or ...

Call swaption: A swaption in which the buyer has the right to enter into a swap as a ...

Callable: A financial security such as a bond with a call option attached to it, ...

Canadian agencies: Agency banks established by Canadian banks in the US.

Canadian Venture Exchange (CDNX): The Canadian Venture Exchange (CDNX) was formed in late 1999 through t ...

CAO: Chief administrative officer

Cap: An option that provides a payoff when a specified rate (i.e. LIBOR, un ...

Capital: Money invested in a firm.

Capital account: Net result of public and private international investment and lending ...

Capital allocation decision: Allocation of invested funds between risk-free assets versus the risky ...

Capital budget: A firm's set of planned capital expenditures.

Capital budgeting: The process of choosing the firm's long-term capital assets.

Capital Builder Account (CBA): A Merrill Lynch brokerage account that allows investors to access the ...

Capital coverage ratio: Available capital divided by required capital.

Capital expenditures: Amount used during a particular period to acquire or improve long-term ...

Capital flight: The transfer of capital abroad in response to fears of political risk.

Capital gain: When a stock is sold for a profit, it's the difference between the net ...

Capital gains yield: The price change portion of a stock's return.

Capital lease: A lease obligation that has to be capitalized on the balance sheet.

Capital loss: The difference between the net cost of a security and the net sale pri ...



Capital market: The market for trading long-term debt instruments (those that mature i ...

Capital market efficiency: Reflects the relative amount of wealth wasted in making transactions. ...

Capital market imperfections view: The view that issuing debt is generally valuable but that the firm's ...

Capital market line (CML): The line defined by every combination of the risk-free asset and the m ...

Capital rationing: Placing one or more limits on the amount of new investment undertaken ...

Capital stock: The value of an outstanding share of stock at the time it was issued

Capital structure: The makeup of the liabilities and stockholders' equity side of the bal ...

Capital surplus: Amounts of directly contributed equity capital in excess of the par va ...

Capitalization: The combined sources of capital, consisting of dept capital (liabiliti ...

Capitalization method: A method of constructing a replicating portfolio in which the manager ...

Capitalization ratios: Also called financial leverage ratios, these ratios compare debt to to ...

Capitalization table: A table showing the capitalization of a firm, which typically includes ...

Capitalized: Recorded in asset accounts and then depreciated or amortized, as is ap ...

Capitalized interest: Interest that is not immediately expensed, but rather is considered as ...

CAPM: The capital asset pricing model (CAPM) is an equilibrium theory that r ...

Capping: Effecting commodity or security transactions shortly prior to an optio ...

Car: A loose quantity term sometimes used to describe a the amount of a com ...

CARDs: Certificates of Amortized Revolving Debt. Pass-through securities back ...

CARICOM (Caribbean Common Market): Caribbean Common Market. Consists of 14 sister-member countries of the ...

Carring costs: Costs that increase with increases in the level of investment in curre ...



Carrying Broker: A member of a commodity exchange, usually a futures commission merchan ...

CARs: Certificates of Automobile Receivables. Pass-through securities backed ...

Carve out a niche: Find a special position to monopolize

Cash: The value of assets that can be converted into cash immediately, as re ...

Cash and carry: Purchase of a security and simultaneous sale of a future, with the bal ...

Cash and equivalents: The value of assets that can be converted into cash immediately, as re ...

Cash budget: A forecasted summary of a firm's expected cash inflows and cash outflo ...

Cash commodity: The actual physical commodity, as distinguished from a futures contrac ...

Cash conversion cycle: The length of time between a firm's purchase of inventory and the rece ...

Cash cow: A company that pays out all earnings per share to stockholders as divi ...

Cash cycle: In general, the time between cash disbursement and cash collection. In ...

Cash deficiency agreement: An agreement to invest cash in a project to the extent required to cov ...

Cash delivery: The provision of some futures contracts that requires not delivery of ...

Cash discount: An incentive offered to purchasers of a firm's product for payment wit ...

Cash dividend: A dividend paid in cash to a company's shareholders. The amount is nor ...

Cash equivalent: A short-term security that is sufficiently liquid that it may be consi ...

Cash flow: Increased and decreases in working capital affected by fluctuating inc ...

Cash flow after interest and taxes: Net income plus depreciation.

Cash flow coverage ratio: The number of times that financial obligations (for interest, principa ...

Cash flow from operations: A firm's net cash inflow resulting directly from its regular operation ...

Cash flow matching: Also called dedicating a portfolio, this is an alternative to multiper ...

Cash flow per common share: Cash flow from operations minus preferred stock dividends, divided by ...

Cash flow statement: Alternative name for the statement of cash flow. ...

Cash flow time-line: Line depicting the operating activities and cash flows for a firm over ...

Cash management bill: Very short maturity bills that the Treasury occasionally sells because ...

Cash markets: Also called spot markets, these are markets that involve the immediate ...

Cash offer: A public equity issue that is sold to all interested investors.

Cash ratio: The proportion of a firm's assets held as cash.

Cash settlement contracts: Futures contracts, such as stock index futures, that settle for cash, ...

Cash transaction: A transaction where exchange is immediate, as contrasted to a forward ...

Cash-equivalent items: Temporary investments of currently excess cash in short-term, high-qua ...

Cash-flow break-even point: The point below which the firm will need either to obtain additional f ...

Cash-surrender value: An amount the insurance company will pay if the policyholder ends a wh ...

Cashout: Refers to a situation where a firm runs out of cash and cannot readily ...

Catch 22: What ever you do, it won't work. An unresolvable contradiction or logi ...

CBO: Chief Business Officer

CDZ: New Zaïre from the Democratic Republic of the Congo (formerly known as ...

CEDEL: A centralized clearing system for eurobonds.

CEP: Contributions Equivalent Premium

Certainty equivalent: An amount that would be accepted in lieu of a chance at a possible hig ...

Certificate of deposit (CD): Also called a time deposit, this is a certificate issued by a bank or ...

Certificated or Certified Stocks: Stocks of a commodity that have been inspected and found to be of a qu ...

Ceteris paribus: Holding all other factors constant. latin. ...

CFAT: Cash flow after taxes.

CFD: A contract for difference (CFD) is a contract between an investor and ...

CFO: The Chief Financial Officer's (CFO) responsibilities are rooted in the ...

CFROI: Cash Flow Return on Investment (CFROI), originally developed by HOLT V ...

CGT: Capital Gains Tax

Changes in Financial Position: Sources of funds internally provided from operations that alter a comp ...

Chapter 11: In the US a company can file for protection under Chapter 11 of the co ...

Characteristic line: The market model applied to a single security. The slope of the line i ...

Chartist: Technical trader who reacts to signals derived from graphs of price mo ...

Cheapest to deliver issue: The acceptable Treasury security with the highest implied repo rate; t ...

Cheapest-to-Deliver: Usually refers to the selection of bonds deliverable against an expiri ...

CHF: Swiss Franc from Liechtenstein and Switzerland.

Chicago Board of Trade (CBOT): The CBOT is the largest commodity exchange in the world. Founded in 18 ...

Chicago Board Options Exchange (CBOE): A securities exchange created in the early 1970s for the public tradin ...

Chicago Mercantile Exchange (CME): A not-for-profit corporation owned by its members. Its primary functi ...

Chinese wall: Communication barrier between financiers (investment bankers) and trad ...

Churning: Excessive trading of a client's account in order to increase the broke ...

CII: Chartered Insurance Institute

CIO: Chief information officer

Circle: Underwriters, actual or potential, often seek out and "circle" investo ...

Circuit Breakers: A system of trading halts and price limits on equities and derivative ...

Circus swap: A fixed rate currency swap against floating U.S. dollar LIBOR payments ...

Claim dilution: A reduction in the likelihood one or more of the firm's claimants will ...

Claimant: A party to an explicit or implicit contract.

Classical Economics: The dominant theory of economics from the 18th century to the 20th cen ...

Clayton Act: Federal antitrust law originally passed in 1914 and strengthened in 19 ...

Clean opinion: An auditor's opinion reflecting an unqualified acceptance of a company ...

Clean price: Bond price excluding accrued interest.

Clear: A trade is carried out by the seller delivering securities and the buy ...

Clear a position: To eliminate a long or short position, leaving no ownership or obligat ...

Clearing House: An adjunct to a futures exchange through which transactions executed i ...

Clearing House Automated Payments System (CHAPS): A computerized clearing system for sterling funds that began operatio ...

Clearing House Interbank Payments System (CHIPS): An international wire transfer system for high-value payments operate ...

Clearing member: A member firm of a clearing house. Each clearing member must also be a ...

CLF: Unidades de Fomento from Chili.

Clientele effect: The grouping of investors who have a preference that the firm follow a ...

CLM: A "career limiting move" which adversly affects your future.

Close, the: The period at the end of the trading session. Sometimes used to refer ...

Closed-end fund: An investment company that sells shares like any other corporation and ...

Closed-end mortgage: Mortgage against which no additional debt may be issued.

Closing purchase: A transaction in which the purchaser's intention is to reduce or elimi ...

Closing range: Also known as the range. The high and low prices, or bids and offers, ...

Closing sale: A transaction in which the seller's intention is to reduce or eliminat ...

CLP: Chilean Peso from Chili.

Cluster analysis: A statistical technique that identifies clusters of stocks whose retur ...

CMO: Chief marketing officer

CNY: Yuan Renminbi from China. The renminbi is the official curren ...

Co-manager: A bank that ranks just below a lead manager in a syndicated Eurocredit ...

Coastal Barrier Resource Act (CBRA): The Coastal Barrier Resources Act (CBRA) restricts Federal expenditure ...

Coastal Barrier Resources System (CBRS): Designed to save Federal funds, protect human lives, and conserve coas ...

Code of ethics: A written guide to acceptable and ethical behavior (as defined by an o ...

Coefficient of determination: A measure of the goodness of fit of the relationship between the depen ...

Coinsurance: An insurance policy under which the policyholder bears a percentage of ...

Coinsurance effect: Refers to the fact that the merger of two firms decreases the probabil ...

Cold-calling: Calling potential new customers in the hope of selling stocks, bonds o ...

Collar: An upper and lower limit on the interest rate on a floating-rate note.

Collateral: Assets that are pledged as security for payment of debt

Collateral trust bonds: A bond in which the issuer (often a holding company) grants investors ...

Collateralized mortgage obligation (CMO): A security backed by a pool of pass-throughs , structured so that the ...

Collection float: The negative float that is created between the time when you deposit a ...

Collection fractions: The percentage of a given month's sales collected during the month of ...

Collection policy: Procedures followed by a firm in attempting to collect accounts receiv ...

Collective wisdom: The combination of all of the individual opinions about a stock's or s ...

Combination matching: Also called horizon matching, a variation of multiperiod immunization ...

Combination strategy: A strategy in which a put and with the same strike price and expiratio ...

Commercial draft: Demand for payment.

Commercial Grain Stocks: Domestic grain in store in public and private elevators at important m ...

Commercial paper: Short-term, unsecured promissory notes issued by corporations with a h ...

Commercial Paper: Short-term promissory notes issued in bearer form by large corporation ...

Commercial risk: The risk that a foreign debtor will be unable to pay its debts because ...

Commission: The fee paid to a broker to execute a trade, based on number of shares ...

Commission broker: A broker on the floor of an exchange acts as agent for a particular br ...

Commission house: A firm which buys and sells future contracts for customer accounts.

Commitment: A trader is said to have a commitment when he assumes the obligation t ...

Commitment fee: A fee paid to a commercial bank in return for its legal commitment to ...

Commodities Exchange Center (CEC): The location of five New York futures exchanges: Commodity Exchange, ...

Commodity: A commodity is food, metal, or another physical substance that investo ...

Commodity Pool: An investment trust, syndicate or similar form of enterprise operated ...

Commodity Price Index: Index or average, which may be weighted, of selected commodity prices, ...

Common market: An agreement between two or more countries that permits the free movem ...

Common size statement: A statement in which all items are expressed as a percentage of a base ...

Common stock: These are securities that represent equity ownership in a company. Com ...

Common stock equivalent: A convertible security that is traded like an equity issue because the ...

Common stock market: The market for trading equities, not including preferred stock.

Common stock ratio: A ratio showing the portion of total capitalization represented by com ...

Common stock ratios: Ratios that are designed to measure the relative claims of stockholder ...

Common stock/other equity: Value of outstanding common shares at par, plus accumulated retained ...

Common-base-year analysis: The representing of accounting information over multiple years as perc ...

Common-size analysis: The representing of balance sheet items as percentages of assets and o ...

Comparative credit analysis: A method of analysis in which a firm is compared to others that have a ...

Comparison universe: The collection of money managers of similar investment style used for ...

Compensating balance: An excess balance that is left in a bank to provide indirect compensat ...

Competence: Sufficient ability or fitness for ones needs. Possessing the necessary ...

Competition: Intra- or intermarket rivalry between businesses trying to obtain a la ...

Competitive bidding: A securities offering process in which securities firms submit competi ...

Competitive offer: Method of selecting an investment banker for a new issue by offering t ...

Competitive offering: An offering of securities through competitive bidding.

Complete capital market: A market in which there is a distinct marketable security for each and ...

Complete portfolio: The entire portfolio, including risky and risk-free assets.

Completion bonding: Insurance that a construction contract will be successfully completed.

Completion risk: The risk that a project will not be brought into operation successfull ...

Completion undertaking: An undertaking either (a) to complete a project such that it meets cer ...

Composition: Voluntary arrangement to restructure a firm's debt, under which paymen ...

Compound interest: Interest paid on previously earned interest as well as on the principa ...

Compound option: Option on an option.

Compounding: The process of accumulating the time value of money forward in time. F ...

Compounding frequency: The number of compounding periods in a year. For example, quarterly c ...

Compounding period: The length of the time period (for example, a quarter in the case of q ...

Comprehensive due diligence investigation: The investigation of a firm's business in conjunction with a securiti ...

COMPS: Contracted Out Money Purchase Scheme

Computer-Intergrated Manufacturing (CIM): The intergration of computer control and monitoring into a manufacturi ...

Concentration account: A single centralized account into which funds collected at regional lo ...

Concentration services: Movement of cash from different lockbox locations into a single concen ...

Concession: Permission to use or release a product that does not conform to specif ...

Concession agreement: An understanding between a company and the host government that specif ...

Conditional sales contracts: Similar to equipment trust certificates except that the lender is eith ...

Confidence indicator: A measure of investors' faith in the economy and the securities market ...

Confidence Interval: A rule used to construct a random interval so that a certain percentag ...

Confidence level: The degree of assurance that a specified failure rate is not exceeded.

Confidential memorandum: A document that presents detailed financial information required by pr ...

Confirmation: A confirmation is a written acknowledgment of a trade, listing importa ...

Conflict between bondholders and stockholders: These two groups may have interests in a corporation that conflict. S ...

Conglomerate: A firm engaged in two or more unrelated businesses.

Conglomerate merger: Involve firms engaged in unrelated types of business activity. Among c ...

Consensus forecast: The mean of all financial analysts' forecasts for a company.

Consignment: A shipment made by a producer or dealer to an agent elsewhere with the ...

Consol: A type of bond that has an infinite life but is not issued in the U.S. ...

Consolidation: The combining of two or more firms to form an entirely new entity.

Consortium banks: A merchant banking subsidiary set up by several banks that may or may ...

Constant-growth model: Also called the Gordon-Shapiro model, an application of the dividend d ...

Consumer credit: Credit granted by a firm to consumers for the purchase of goods or ser ...

Consumer Price Index: The CPI, as it is called, measures the prices of consumer goods and se ...

Contango: Market situation in which prices in succeeding delivery months are pro ...

Contigent liabilities: Potential liabilities known about at the time a financial statement is ...

Contingent claim: A claim that can be made only if one or more specified outcomes occur.

Contingent deferred sales charge (CDSC): The formal name for the load of a back-end load fund.

Contingent immunization: An arrangement in which the money manager pursues an active bond portf ...

Contingent pension liability: Under ERISA, the firm is liable to the plan participants for up to 39% ...

Continuous compounding: The process of accumulating the time value of money forward in time on ...

Continuous random variable: A random value that can take any fractional value within specified ran ...

Contract: A term of reference describing a unit of trading for a financial or co ...

Contract Grades: Those grades of a commodity which have been officially approved by an ...

Contract month: The month in which futures contracts may be satisfied by making or acc ...

Contrarian: An investor who believes that the majority follows that course of thin ...

Contribution margin: The difference between variable revenue and variable cost.

Control: 50% of the outstanding votes plus one vote.

Controlled disbursement: A service that provides for a single presentation of checks each day ( ...

Controlled Foreign Corporation (CFC): An offshore company which, because of ownership or voting control of U ...

Controller: The corporate manager responsible for the firm's accounting activities ...

Convenience yield: The extra advantage that firms derive from holding the commodity rathe ...

Convention statement: An annual statement filed by a life insurance company in each state wh ...

Conventional bonds: The conventional bonds form the largest part of the UK gilt market. 73 ...

Conventional mortgage: A loan based on the credit of the borrower and on the collateral for t ...

Conventional pass-throughs: Also called private-label pass-throughs, any mortgage pass-through sec ...

Conventional project: A project with a negative initial cash flow (cash outflow), which is e ...

Convergence: The movement of the price of a futures contract toward the price of th ...

Conversion factors: Rules set by the Chicago Board of Trade for determining the invoice pr ...

Conversion premium: The percentage by which the conversion price in a convertible security ...

Conversion ratio: The number of shares of common stock that the security holder will rec ...

Conversion value: Also called parity value, the value of a convertible security if it is ...

Convertibility: The degree of freedom to exchange a currency without government restri ...

Convertible bond: An issue giving the bondholder the right to exchange the bond for a sp ...

Convertible bonds: Bonds that can be converted into common stock at the option of the hol ...

Convertible eurobond: A eurobond that can be converted into another asset, often through exe ...

Convertible exchangeable preferred stock: Convertible preferred stock that may be exchanged, at the issuer's op ...

Convertible preferred stock: Stock that can be converted to common stock if the investor wishes, at ...

Convertible price: The contractually specified price per share at which a convertible sec ...

Convertible securities: Bond or preferred stock that can be converted to common stock if the i ...

Convertible security: A security that can be converted into common stock at the option of th ...

Convex: Bowed, as in the shape of a curve. Usually referring to the price/requ ...

COO: Chief operating officer

Cook the book: A term describing accounting practices that misrepresent the true fina ...

COP: Colombian Peso from Colombia.

Core competency: Primary area of competence. Narrowly defined fields or tasks at which ...

Corner A Market: To purchase enough of the available supply of a commodity or stock in ...

Corporate acquisition: The acquisition of one firm by anther firm.

Corporate bonds: Debt obligations issued by corporations.

Corporate charter: A legal document creating a corporation.

Corporate finance: One of the three areas of the discipline of finance. It deals with the ...

Corporate financial management: The application of financial principals within a corporation to create ...

Corporate financial planning: Financial planning conducted by a firm that encompasses preparation of ...

Corporate processing float: The time that elapses between receipt of payment from a customer and t ...

Corporate sector: Securities issued by U.S. corporations and non-U.S. corporations in th ...

Corporate Social Responsibility: CSR stands for corporate social responsibility. Some companies defines ...

Corporate tax view: The argument that double (corporate and individual) taxation of equity ...

Corporate taxable equivalent: Rate of return required on a par bond to produce the same after-tax yi ...

Corporation: A legal "person" that is separate and distinct from its owners. A corp ...

Correlation coefficient: A standardized statistical measure of the dependence of two random var ...

Cost company arrangement: Arrangement whereby the shareholders of a project receive output free ...

Cost of capital: The required return for a capital budgeting project.

Cost of funds: Interest rate associated with borrowing money.

Cost of lease financing: A lease's internal rate of return.

Cost of limited partner capital: The discount rate that equates the after-tax inflows with outflows for ...

Cost of sales: The costs associated with generating reported sales, including merchan ...

Cost-benefit ratio: The net present value of an investment divided by the investment's ini ...

Counter trade: The exchange of goods for other goods rather than for cash; barter.

Counterpart items: In the balance of payments, counterpart items are analogous to unrequi ...

Counterparties: The parties to an interest rate swap.

Counterparty: Party on the other side of a trade or transaction.

Counterparty risk: The risk that the other party to an agreement will default. In an opti ...

Country beta: Covariance of a national economy's rate of return and the rate of retu ...

Country economic risk: Developments in a national economy that can affect the outcome of an i ...

Country financial risk: The ability of the national economy to generate enough foreign exchang ...

Country risk: General level of political and economic uncertainty in a country affec ...

Country selection: A type of active international management that measures the contributi ...

Coupon: The annual amount of the interest payment made to owners during the te ...

Coupon equivalent yield: True interest cost expressed on the basis of a 365-day year.

Coupon payments: A bond's interest payments.

Coupon rate: The interest rate that the issuer of a bond agrees to pay each year to ...

Covariance: A statistical measure of the degree to which random variables move tog ...

Covenants: Provisions in a bond indenture or preferred stock agreement that requi ...

Cover: The purchase of a contract to offset a previously established short po ...

Coverage ratios: Ratios used to test the adequacy of cash flows generated through earni ...

Covered call: A short call option position in which the writer owns the number of sh ...

Covered call writing strategy: A strategy that involves writing a call option on securities that the ...

Covered calls: A call option that is sold when the seller also owns 100 shares of the ...

Covered interest arbitrage: A portfolio manager invests dollars in an instrument denominated in a ...

Covered or hedge option strategies: Strategies that involve a position in an option as well as a position ...

Covered Put: A put option position in which the option writer also is short the cor ...

CPA: A certified public accountant (CPA) is a credential conferred by a sta ...

CPO: Chief product officer

Crack: In energy futures, the simultaneous purchase of crude oil futures and ...

Cramdown: When investors get heavily diluted by a susbsequent round of investmen ...

Crawling peg: An automatic system for revising the exchange rate. It involves establ ...

CRC: Costa Rican Colón from Costa Rica.

Creative accounting: The reporting of profit and asset figures in a way that is flattering ...

Credible signal: A signal that provides accurate information; a signal that can be dist ...

Credit analysis: The process of analyzing information on companies and bond issues in o ...

Credit enhancement: Purchase of the financial guarantee of a large insurance company to ra ...

Credit period: The length of time for which the customer is granted credit.

Credit risk: The risk that an issuer of debt securities or a borrower may default o ...

Credit scoring: A statistical technique wherein several financial characteristics are ...

Crediting rate: The interest rate offered on an investment type insurance policy.

Creditor: Lender of money.

Creditors, long: This is all liabilities payable more than one year after the Balance S ...

Creditors, short: This is all current liabilities payable on demand or within one year o ...

Cross default: Default on a loan agreement, which results in the default of the entir ...

Cross hedging: The practice of hedging with a futures contract that is different from ...

Cross holdings: One corporation holds shares in another firm.

Cross rates: The exchange rate between two currencies expressed as the ratio of two ...

Cross-border risk: Refers to the volatility of returns on international investments cause ...

Cross-sectional approach: A statistical methodology applied to a set of firms at a particular po ...

Crossover rate: The return at which two alternative projects have the same net present ...

Crown jewel: A particularly profitable or otherwise particularly valuable corporate ...

Crown jewels: An anti-takeover tactic in which major assets – the crown assets – are ...

Crush Spread: In the soybean futures market, the simultaneous purchase of soybean fu ...

CSK: Koruna from former Czechoslovakia. Now replaced by CZK (Czech Koruna) ...

CSO: Chief strategic officer

CTO: Chief technical officer

CTT: Capital Transfer Tax

Cum: When appended to the share price, this means “including”. Thus a share ...

Cum dividend: Phrase used to indicate that a stock is selling with a recently declar ...

Cum rights: With rights.

Cumulative abnormal return (CAR): Sum of the differences between the expected return on a stock and the ...

Cumulative dividend feature: A requirement that any missed preferred or preference stock dividends ...

Cumulative preferred stock: Preferred stock whose dividends accrue, should the issuer not make tim ...

Cumulative probability distribution: A function that shows the probability that the random variable will a ...

Cumulative Translation Adjustment (CTA) account: An entry in a translated balance sheet in which gains and/or losses f ...

Cumulative voting: A system of voting for directors of a corporation in which shareholder ...

CUP: Cuban Peso from Cuba.

Currency: Money.

Currency arbitrage: Taking advantage of divergences in exchange rates in different money m ...

Currency basket: The value of a portfolio of specific amounts of individual currencies, ...

Currency future: A financial future contract for the delivery of a specified foreign cu ...

Currency option: An option to buy or sell a foreign currency.

Currency risk sharing: An agreement by the parties to a transaction to share the currency ris ...

Currency selection: Asset allocation in which the investor chooses among investments denom ...

Currency swap: An agreement to swap a series of specified payment obligations denomin ...

Current / noncurrent method: Under this currency translation method, all of a foreign subsidiary's ...

Current account: Net flow of goods, services, and unilateral transactions (gifts) betwe ...

Current Assets: The value of assets held at the Balance Sheet date that are represente ...

Current coupon: A bond selling at or close to par, that is, a bond with a coupon close ...

Current intrest rate: The rate being earned on a bond based on its current market value; tha ...

Current issue: In Treasury securities, the most recently auctioned issue. Trading is ...

Current Liabilities: The value of liabilities at the Balance sheet date that the company is ...

Current maturity: Current time to maturity on an outstanding debt instrument.

Current portion of long-term dept: Those liabilities that are payable within the next 12 months, includin ...

Current rate method: Under this currency translation method, all foreign currency balance-s ...

Current ratio: A ratio that tests the strength of a company's working capital. Curren ...

Current yield: For bonds or notes, the coupon rate divided by the market price of the ...

Cushion bonds: High-coupon bonds that sell at only at a moderate premium because they ...

Custodial fees: Fees charged by an institution that holds securities in safekeeping fo ...

Custodian: A bank, financial institution or other entity that has the responsibil ...

Customary payout ratios: A range of payout ratios that is typical based on an analysis of compa ...

Customized benchmarks: A benchmark that is designed to meet a client's requirements and long- ...

CVE: Escudo Caboverdiano from Cape Verde.

CYP: Cypriot Pound from Cyprus.

CZK: Czech Koruna from the Czech Republic.

Did you know?

BARRA's performance analysis (PERFAN)

A method developed by BARRA, a consulting firm in Berkeley, California. It is commonly used by institutional investors applying performance attribution analysis to evaluate their money managers' performances.


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