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Similar financial terms

Wild Card Play
The right, but not the obligation, to deliver on a futures contract at the closing price for a period of time after the trading close.

Wild card option
The right of the seller of a Treasury Bond futures contract to give notice of intent to deliver at or before 8:00 p.m. Chicago time after the closing of the exchange (3:15 p.m. Chicago time) when the futures settlement price has been fixed.

Monte Carlo simulation
An analytical technique for solving a problem by performing a large number of trail runs, called simulations, and inferring a solution from the collective results of the trial runs. Method for calculating the probability distribution of possible outcomes.

Macaroni defense
The macaroni defense is a tactic used by a corporation that is the target of a hostile takeover bid involving the issue of a large number of bonds that must be redeemed at a higher value if the company is taken over.

Carve out a niche
Find a special position to monopolize

CARDs
Certificates of Amortized Revolving Debt. Pass-through securities backed by credit card receivables.

Carring costs
Costs that increase with increases in the level of investment in current assets.

CARs
Certificates of Automobile Receivables. Pass-through securities backed by automobile receivables.

Cash and carry
Purchase of a security and simultaneous sale of a future, with the balance being financed with a loan or repo.

Cumulative abnormal return (CAR)
Sum of the differences between the expected return on a stock and the actual return that comes from the release of news to the market.

McCarthyism
Character assassination. Joseph McCarthy was a Senator from Wisconsin in the 1950s who gained national attention by his claims that the State Department and other agencies of the U.S. government was full of Communist sympathizers.

Debit card
A card that resembles a credit card but which debits a transaction account (checking account) with the transfers occurring contemporaneously with the customer's purchases. A debit card may be machine readable, allowing for the activation of an automated teller machine or other automated payments equipment.

Smart Card
The Smart Card (SC) is a sophisticated stored-value card that contains its own computer chip so that it can be loaded with digital cash from the owner's bank account whenever needed. In Europe, Smart Cards are also referred to as ChipKnip.

CARICOM (Caribbean Common Market)
Caribbean Common Market. Consists of 14 sister-member countries of the Caribbean community. Members include: Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent, Surinam, Trinidad and Tobago. They have set as a goal that in 1997 there will be a single market allowing for the free movement of labor. Conspicuous by their absence are the Cayman Islands and the British Virgin Islands, two major players in interna ...

Positive Carry
The condition whereby a portfolio after financing considerations still generates a positive income.

Carrying Broker
A member of a commodity exchange, usually a futures commission merchant, through whom another broker or customer elects to clear all or part of its trades.