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

Cash Flow Coverage Ratio
The point below which the firm will need either to obtain additional financing or to liquidate some

Cash Flow From Operations
The number of times that financial obligations (for interest, principal payments, preferred stock di

Cash Flow Matching
A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary

Cash Flow Per Common Share
Also called dedicating a portfolio, this is an alternative to multiperiod immunization that calls fo

Cash Flow Statement
Cash flow from operations minus preferred stock dividends, divided by the number of common shares ou

Cash Flow Time Line
A financial report that expresses a company's performance in terms of cash generated and used.

Cash Management
Line depicting the operating activities and cash flows for a firm over a particular period.

Cash Management Bill
Refers to the efficient management of cash in a business in order to put the cash to work more quick

Cash Markets
Very short-maturity bills that the Treasury occasionally sells because its cash balances are down an

Cash Offer
Also called spot markets, these are markets that involve the immediate delivery of a security or ins

Cash On Delivery (COD)
Often used in risk arbitrage. Proposal, either hostile or friendly, to acquire a target company thro

Cash Plus Convertible
In the context of securities, this refers to the practice of institutional investors paying the full

Cash Price
Convertible bond that requires cash payment upon conversion.

Cash Ratio
Applies to derivative products. See

Cash Sale-Settlement
The proportion of a firm's assets held as cash.

Cash Settlement Contracts
Transaction in which a contract is settled on the same day as the trade date, or the next day if the

Cash Transaction
Futures contracts such as stock index futures that settle for cash and do not involve delivery of th

Cash-Equivalent Items
An accounting book that is composed of cash receipts plus disbursements. This balance is posted to t

Cash-On-Cash Return
A check drawn directly on a customer's account, making the bank the primary obligor, and assuring fi

Cash-Surrender Value
Occurs when a firm runs out of cash and cannot readily sell marketable securities.

Cashbook
A transaction in which exchange is immediate in the form of cash, unlike a forward contract (which c

Cashiers Check
Examples include Treasury bills and Banker's Acceptances.

Cashout
A method used to find the return on investments when there is no active secondary market. The yield

Casualty Loss
The amount an insurance company will pay if the policyholder tende4s or cashes in a whole life insur

Casualty-Insurance
A financial loss caused by damage, destruction, or loss of property as a result of an unexpected or

Catastrophe Call
Insurance protecting a firm or homeowner against loss of property, damage, and other liabilities.

Cats And Dogs
Early redemption of a municipal revenue bond because a catastrophe has destroyed the project that pr

Caveat Emptor, Caveat Subscriptor
Speculative stocks with short histories of sales, earnings, and dividend payments.

CEDEL
Latin expressions for 'buyer beware' and 'seller beware,' which warn of overly risky, inadequately p

Ceiling
A centralized clearing system for Eurobonds.

Central Bank
The highest price, interest rate, or other numerical factor allowable in a financial transaction.

Certainty Equivalent
A country's main bank whose responsibilities include the issue of currency, the administration of mo

Certificate
An amount that would be accepted today (risk free) in lieu of a chance to receive a possibly higher,

Certificate Of Deposit (CD)
Refers to a zero-coupon U.S. Treasury issue that is sold at a deep discount from the face value and

Certificateless Municipals
Also called a time deposit this is a certificate issued by a bank or thrift that indicates a specifi

Certified Check
Pass-through securities backed by automobile loan receivables.

Certified Financial Planner (CFP)
A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally

Certified Financial Statements
A person who has passed examinations accredited by the Certified Financial Planner Board of Standard

Certified Public Accountant (CPA)
Financial statements that include an accountant's opinion.

CFAT
An accountant who has met certain standards, including experience, age, and licensing, and passed ex

Chair Of The Board
Cash flow after taxes.

Changes In Financial Position
Highest-ranking member of a Board of Directors, who presides over its meetings and who is often the

Characteristic Line
Sources of funds provided from operations that alter a company's cash flow position

Charitable Remainder Trust
The market model applied to a single security; a regression of security returns on the benchmark ret

Chart Of Accounts
An irrevocable trust that pays income to a designated person or persons until the grantor's death, w

Chartered Financial Analyst (CFA)
In an accounting system, the list of accounts to which transactions are posted.

Chartists
An experienced financial analyst who has passed examinations in economics, financial accounting, por

Chasing The Market
A technical analyst who charts the patterns of stocks, bonds, and commodities to find trends in patt

Chastity Bonds
Purchasing a security at a higher price than expected because prices are rapidly climbing, or sellin

Cheapest To Deliver Issue
Bonds redeemable at par value in the case of a takeover.

Check
The acceptable Treasury security with the highest implied repo rate; the rate that a seller of a fut

Checking The Market
A bill of exchange representing a draft on a bank from deposited funds that pays a certain sum of mo

Chicago Board Of Trade (CBOT)
Searching for bid and offer prices from market makers to find the best deal.

Chicago Mercantile Exchange (CME)
A securities exchange created in the early 1970s for the public trading of standardized option contr

Chicago Stock Exchange (CHX)
A not-for-profit corporation owned by its members. Its primary functions are to provide a location f

Chief Executive Officer (CEO)
A major exchange trading only stocks, with 90% of trades taking place on an automated execution syst

Chief Financial Officer (CFO)
A title held often by the Chairperson of the Board, or the president. The person principally respons

Chief Operating Officer (COO)
The officer of a firm is responsible for handling the financial affairs of a company.

Chinese Hedge
The officer of a firm responsible for day-to-day management, usually the president or an executive v

Chinese Wall
Applies mainly to convertible securities. Trading hedge in which one is short the convertible and lo

Choice Market
Communication barrier between financiers at a firm (investment bankers) and traders. This barrier is

Churning
Applies mainly to international equities. Locked market in London terminology.

Cincinnati Stock Exchange (CSE)
Excessive trading of a client's account in order to increase the broker's commissions.

Circle
Stock exchange based in Cincinnati that is the only fully automated stock exchange in the U.S. It ha

Circuit Breakers
Underwriters, actual or potential, often seek out and 'circle' investor interest in a new issue befo

Circus Swap
Measures instituted by exchanges to stop trading temporarily when the market has fallen by a certain

Citizen Bonds
A fixed-rate currency swap against floating U.S. dollar LIBOR payments.

Claim Dilution
Certificateless municipals that can be registered on stock exchanges and are listed in newspapers.

Claimant
A decrease in the likelihood that one or more of a firm's claimants will be fully repaid, including

Class
A party to an explicit or implicit contract.

Class Action
In the case of derivative products, options of the same type-put or call-with the same underlying se

Classified Stock
A legal complaint filed by a lawyer or group of lawyers for a group of petitioners with an identical

Clean
The division of stock into more than one class of common stock, usually called Class A and Class B.

Clean Opinion
In the context of general equities, block trade that matches buy or sell orders/interests, sparing t

Clean Price
An auditor's opinion reflecting an unqualified acceptance of a company's financial statements.

Clean Up
Bond price excluding accrued interest.

Clean Your Skirts
In the context of general equities, purchase/sale of all the remaining supply of stock, or the last

Clear
In the context of general equities, 'make all your obligated calls'; check with all prior obligation

Clear A Position
To settle a trade is settled out by the seller delivering securities and the buyer delivering funds

Clear Title
To eliminate a long or short position, leaving no ownership or obligation.

Clearing Corporations
Title to ownership that is untainted by any claims on the property or disputed interests, and theref

Clearing House Funds
CHESS is the automatic transfer and settlement system for the majority of Australian Stock Exchange

Clearing Member
An international wire transfer system for high-value payments operated by a group of major banks.

Clearinghouse
A member firm of a clearing house. Each clearing member must also be a member of the exchange. Not a

Clientele Effect
An adjunct to a futures exchange through which transactions executed on its floor are settled by a p

Clone Fund
Describes the tendary of funds or investments to be followed by groups of investors who have a simul

Close
A new fund set up in a fund family to emulate another successful fund.

Close A Position
The close is the period at the end of the trading session. Sometimes used to refer to closing price.

Close Market
In the context of general equities, eliminate an investment from one's portfolio, by either selling

Closed Corporation
An active market in which there is a narrow spread between bid and offer prices, due to a high volum

Closed Fund
A corporation whose shares are owned by just a few people, having no public market.

Closed Out
A mutual fund that is no longer issuing shares, mainly because it has grown too large.

Closed-End Fund
Position that is liquidated when the client does not meet a margin call or cover a short sale.

Closed-End Management Company
An investment company that sells shareslike any other corporation and usually does not redeem its sh

Closed-End Management Company
An investment company that has only a set number of shares of the mutual fund that it manages, and d

Closed-End Mortgage
An investment company that has only a set number of shares of the mutual fund that it manages, and d

Closely Held
Mortgage against which no additional debt may be issued.

Closely Held Company
A corporation whose voting stock is owned by only a few shareholders.

Closely Held Shares
A company who has a small group of controling shareholders. In contrast, a widely-held firm has many

Closing Costs
The percentage of total outstanding common shares reported as held by officers, directors, their fam