A generic term for a security backed by real estate mortgages. CMO payment obligations are covered by interest and /or principal payments from a pool of mortgages. In...
A tender offer that exerts pressure on target shareholders to tender early. This pressure may come in the form of preferential compensation for early tendering shareholders. Changes in...
A close-ended fund is a collective investment vehicle that issues a fixed number of shares at launch and subsequently lists them for trading on a recognised stock exchange....
An arrangement to settle all contracted but not yet due obligations to and claims on a counterparty by one single payment, immediately upon the occurrence of one of...
In finance and investment practice, closing out refers to the act of terminating an open position in a financial instrument. This may involve selling a long position, buying...
A member of a clearing corporation or clearing house of the derivatives exchange or derivatives segment of an exchange, who may clear and settle transactions in securities.
A Clearing House is a financial intermediary or institution that facilitates the clearing and settlement of transactions in financial markets, ensuring that trades between buyers and sellers are...
A circuit breaker is an automatically operated electrical switching device designed to protect an electrical circuit from damage caused by excess current, overloads, or short circuits. Its primary...
Circular trading is a fraudulent trading practice in which a group of market participants—usually brokers, traders, or related companies—buy and sell the same securities or goods among themselves...
An unethical practice employed by some brokers to increase their commissions by excessively trading in a client’s account. In the context of the stock market, churning refers to...
