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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "C"

Displaying next 520 results of 977
Constructive Receipt
Definition: The date a taxpayer receives dividends or other income, for use in the determination of taxes.
Consular Invoice
Definition: A document prepared by the shipper and certified in the country of origin by a consul of the country of importation. It shows the transaction details and origin of the goods.
Consumer Advisory Council (CAC)
Definition: A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice.
Consumer Credit
Definition: Credit a firm grants to consumers for the purchase of goods or services. Also called retail credit.
Consumer Credit Protection Act Of 1968
Definition: Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending.
Consumer Debenture
Definition: An investment note issued directly to the public by a financial institution.
Consumer Durables
Definition: Consumer products that are expected to last three years or more, such as an automobile or a home appliance.
Consumer Goods
Definition: Goods not used in production but bought for personal or household use such as food, clothing, and entertainment.
Consumer Interest
Definition: Interest paid on consumer loans; e.g., interest on credit cards and retail purchases.
Consumer Price Index (CPI)
Definition: The CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month.
Contagion
Definition: Excess correlation of delivering or bond returns. For example, under usual conditions we might observe a certain level of correlation of market returns. A period of contagion would be associated with much higher-than-expected correlation. Some examples are the conjectured contagion in East Asian markets beginning in July 1997 when the Thai currency devalued and the impact across many emerging markets of the Russian default. Contagion is difficult to identify because you need some sort of measure of the expected correlation. It is complicated because correlations are known to change through time, for example, see Erb, Harvey and Viskanta's article in the 1994 Financial Analysts Journal. In periods of negative returns, correlations (and volatility) are known to increase, so what might appear to be excessive may not be contagion.
Contango
Definition: A market condition in which futures prices are higher in the distant delivery months.
Contingency
Definition: An additional amount or percentage added to any cash flow item (ie. Capex). Care is needed to ensure it is either to be spent or to remain as a cushion.
Contingency Graph
Definition: A plot of the net profit to a speculator in currency options under various exchange rate scenarios.
Contingency Order
Definition: In the context of general equities, order to buy one security, if the trader can sell another, usually given that certain price limits or conditions reach a certain level. Swap, switch order.
Contingent
Definition: In context of liabilities, those liabilities that do not yet appear on the balance sheet (ie. guarantees, supports, lawsuit settlements). For support or recourse, the trigger may occur at any time in the future.
Contingent Claim
Definition: A claim that can be made only if one or more specified outcomes occur.
Contingent Conversion Trigger
Definition: Used in the context of convertible instruments. The price of the stock must exceed the trigger price before the bond holder can convert to common stock at a pre-established conversion price. The trigger price exceeds the conversion price. In addition, after a certain number of years, the convertible instrument usually specifies that both the conversion price and the contingent conversion trigger will increase every year by, for example, a rate equal to LIBOR.
Contingent Deferred Sales Charge (CDSC)
Definition: The formal name for the load of a back-end load fund.
Contingent Immunization
Definition: An arrangement in which the money manager pursues an active bond portfolio strategy until an adverse investment experience drives the then-available potential return down to the safety net level. When that point is reached, the money manager is obligated to pursue an immunization strategy to lock in the safety-net level return.
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