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Superglossary - Finance Category: Economy and Finance > Finance Date & country: 16/12/2013, USA Words: 5410

Crossed Market
A provision under which default on one debt obligation triggers default on another debt obligation.

Crossed Trade
In the context of general equities, happens when the inside market consists of a highest bid price t

Crossover Rate
The holding by one corporation of shares in another firm. One needs to allow for cross-holdings when

Crowd Trading
Often used in risk arbitrage. Corporations' or governments' equity share ownership in another corpor

Crowding Out
Used for listed equity securities. Group of exchange members with a defined area of function tending

Crown Jewel
Heavy federal borrowing that drives interest rates up and prevents businesses and consumers from bor

Cum Dividend
A particularly profitable or otherwise particularly valuable corporate unit or asset of a firm. Ofte

Cum Rights
With dividend; said of a stock whose buyer is eligible to receive a declared dividend. Stocks are us

Cumulative Abnormal Return (CAR)
With rights.

Cumulative Dividend Feature
Stands for Cumulative Auction Market Preferred Stocks, Oppenheimer & Company's Dutch Auction preferr

Cumulative Preferred Stock
A requirement that any missed preferred or preference stock dividends be paid in full before any com

Cumulative Probability Distribution
Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related

Cumulative Voting
An entry in a translated balance sheet in which gains and/or losses from translation have been accum

Currency
A system of voting for directors of a corporation in which shareholder's total number of votes is eq

Currency Arbitrage
Money.

Currency Basket
Taking advantage of divergences in exchange rates in different money markets by buying a currency in

Currency Future
The value of a portfolio of specific amounts of individual currencies, used as the basis for setting

Currency Hedge
A financial future contract for the delivery of a specified foreign currency.

Currency In Circulation
Applies mainly to international equities. Hedging technique to guard against foreign exchange fluctu

Currency Option
Paper money, coins, and demand deposits that constitute all the money circulating in the economy.

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

Currency Risk
Applies mainly to international equities

Currency Risk Sharing
Related

Currency Selection
An agreement by the parties to a transaction to share the currency risk associated with the transact

Currency Swap
Asset allocation in which the investor chooses among investments denominated in different currencies

Current Account
An agreement to swap a series of specified payment obligations denominated in one currency for a ser

Current Assets
Net flow of goods, services, and unilateral transactions (gifts) between countries.

Current Assets
Value of cash, accounts receivable, inventories, marketable securities and other assets that could b

Current Coupon
Assets that are convertible to cash within one year in the normal course of business. This usually i

Current Income
A bond selling at or close to par, that is, a bond with a coupon close to the yields currently offer

Current Issue
Money that is routinely received from investments in the form of dividends, interest, and other inco

Current Liabilities
In Treasury securities, the most recently auctioned issue. Trading is more active in current issues

Current Liabilities
Obligations that will come due within a year from the current date. These usually include accounts p

Current Market Value
Amount owed for salaries, interest, accounts payable and other debts due within 1 year.

Current Maturity
The value of a client's portfolio at today's market price, as listed in a brokerage statement.

Current Production Rate
Current time to maturity on an outstanding debt instrument.

Current Rate Method
The highest interest rate permissible on current Government National Mortgage Association, mortgage-

Current Ratio
The translation of all foreign currency balance sheet and income statement items at the current exch

Current Ratio
The ratio of current assets to current liabilities. For Utilities and Financial companies, long-term

Current Ratio
Indicator of short-term debt-paying ability. Determined by dividing current assets by current liabil

Current Yield
Current assets divided by current liabilities. This ratio is a measure of a company's ability to mee

Current-Coupon Issues
The translation of all of a foreign subsidiary's current assets and liabilities into home currency a

Current-Noncurrent Method
For bonds or notes, the coupon rate divided by the market price of the bond.

Cushion
Related

Cushion Bonds
The minimum period between the time a bond is issued and the time it is called.

Cushion Theory
High-coupon bonds that sell at only at a moderate premium because they are callable at a price below

CUSIP Number
The theory that a stock with many short positions taken in it will rise, because these positions mus

Custodial Fees
Unique number given to a security to distinguish it from other stocks and registered bonds. See

Custodian Bank
Fees charged by an institution that holds securities in safekeeping for an investor.

Customary Payout Ratios
Applies mainly to international equities. Bank or other financial institution that keeps custody of

Customer Picking Prices
A range of payout ratios that is typical according to an analysis of comparable firms.

Customers Loan Consent
Customer is firm on price and has set the price at which to transact.

Customers Net Debit Balance
Agreement signed by a margin customer that allows a broker to borrow margined securities up to the l

Customized Benchmarks
The total amount of credit given by NYSE member firms to finance customers purchasing securities.

Customs Union
A benchmark that is designed to meet a client's requirements and long-term objectives.

Cutoff Point
An agreement by two or more countries to erect a common external tariff and to abolish restrictions

Cyclical Stock
The lowest rate of return acceptable on investments.

Daily Price Limit
Fifth letter of a Nasdaq stock symbol specifying that it is a new issue, such as the result of a rev

Daisy Chain
The level at which many commodity, futures, and options markets are allowed to rise or fall in a day

Data Reported In
Manipulation of the market by traders to create the illusion of active volume to attract investors.

Date Of Issue
The local currency of the country where this company is registered.

Date Of Payment
Used in the context of bonds to refer to the date on which a bond is issued and when interest accrue

Date Of Record
Date dividend checks are mailed.

Dated Date
Date on which holders of record in a firm's stock ledger are designated as the recipients of either

Dates Convention
The date one uses to calculate accrued interest on various debt instruments, specifically bonds.

Dating
Treating cash flows as being received on exact dates-date 0, date 1, and so forth-as opposed to the

Dawn Raid
Credit extension beyond normal terms of a credit supplier.

Day Around Order
A term of British origin used to describe the purchase of all available shares of a target company a

Day Loan
A day order that supersedes (cancels and replaces) the previous order by altering its size or price

Day Order
A bank account that pays interest according to the number of days that the money is actually on depo

Day Trading
In the context of general equities, request from a customer to either buy or sell stock, that, if no

Days In Receivables
Establishing and liquidating the same position or positions within one day's trading.

Days Payable Outstanding (DPO)
Average collection period.

Days Sales In Inventory Ratio
The number of days a business takes to pay its accounts payable, on average.

Days Sales Outstanding
The average number of days' worth of sales that is held in inventory.

Days Sales Outstanding (DSO)
Average collection period.

De Facto
The number of days a business takes to collect on its accounts receivable, on average.

Dead Cat Bounce
Existing in actual fact although not by official recognition.

Deal Flow
A small upmove in a bear market.

Deal Stock
In investment banking, the rate at which new deals are referred to a brokerage firm.

Dealer
Stock subject to merger or acquisition, either publicly announced or rumored.

Dealer Loan
An entity that stands ready and willing to buy a security for its own account (at its bid price) or

Dealer Market
Overnight, collateralized loan from a money market bank made to a dealer financing his position by b

Dealer Options
Where traderss specializing in particular commodities buy and sell assets for their own accounts.

Dear Money
Over-the-counter options, such as those offered by government and mortgage-backed securities dealers

Death Play
British term for tight money.

Death Valley Curve
A stock strategy that buys stock on the belief that a key executive will die, the company will be di

Death-Backed Bonds
In venture capital, refers to the period before a new company starts generating revenues, when it is

Debenture
Bonds backed by loans of a policyholder against a life insurance policy. The policyholder will repay

Debenture Bond
Any debt obligation backed strictly by the borrower's integrity, e.g. an unsecured bond. A debenture

Debenture Stock
An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not p

Debit Balance
A type of stock that makes fixed payments at scheduled intervals of time. Debenture stock differs fr

Debit Spread
The amount that is owed to a broker by a margin customer for loans the customer uses to buy securiti

Debt
Applies to derivative products. Difference in the value of two options, when the value of the option

Debt
Money borrowed.

Debt Bomb
A form of liability that represents money borrowed from banks or other institutions.

Debt Capacity
A default on debt and obligations by a major financial institution that disrupts the stability of th

Debt Displacement
Ability to borrow. The amount a firm can borrow up to the point where the firm value no longer incre

Debt Instrument
The amount of borrowing that leasing displaces. Firms that do a lot of leasing are curtailed in thei

Debt Leverage
An asset requiring fixed dollar payments, such as a government or corporate bond.