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a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Change in polarity principle
A tenet of technical analysis that once a support level is breached, it becomes a resistance level. The same holds true for resistance levels; once breached, they become support levels.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Chart of accounts
A list of accounts used in an entity’s accounting system.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cheapest to deliver
A bond in which the amount received for delivering the bond is largest compared with the amount paid in the market for the bond.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cherry-picking
When a bankrupt company is allowed to enforce contracts that are favorable to it while walking away from con- tracts that are unfavorable to it.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Classical
A macroeconomist who believes that the economy is self- regulating and that it is always at full employment.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Classified balance sheet
A balance sheet organized so as to group together the various assets and liabilities into subcategories (e.g., current and noncurrent).
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Clean-surplus accounting
The bottom-line income reflects all changes in shareholders’ equity arising from other than owner transactions. In the absence of owner transactions, the change in shareholders’ equity should equal net income. No adjustments such as translation adjustments bypass the income statement and go directly to shareholders equ...
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Clearing instructions
Instructions that indicate how to arrange the final settlement (“clearing”) of a trade.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Clearinghouse
An entity associated with a futures market that acts as middleman between the contracting parties and guarantees to each party the performance of the other.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Clientele effect
The preference some investors have for shares that exhibit certain characteristics.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Closed-end fund
A mutual fund in which no new investment money is accepted. New investors invest by buying existing shares, and investors in the fund liquidate by selling their shares to other investors.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Closeout netting
Netting the market values of all derivative con- tracts between two parties to determine one overall value owed by one party to another in the event of bankruptcy.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Coefficient of variation (CV)
The ratio of a set of observations’ standard deviation to the observations’ mean value.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cointegrated
Describes two time series that have a long-term financial or economic relationship such that they do not diverge from each other without bound in the long run.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Collar
An option strategy involving the purchase of a put and sale of a call in which the holder of an asset gains protection below a certain level, the exercise price of the put, and pays for it by giving up gains above a certain level, the exercise price of the call. Collars also can be used to provide protection against ri...
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Collusive agreement
An agreement between two (or more) producers to restrict output, raise the price, and increase profits.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Combination
A listing in which the order of the listed items does not matter.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Command system
A method of allocating resources by the order (command) of someone in authority. In a firm a managerial hierarchy organizes production.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Commercial paper
Unsecured short-term corporate debt that is characterized by a single payment at maturity.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Committed lines of credit
A bank commitment to extend credit up to a pre-specified amount; the commitment is considered a short-term liability and is usually in effect for 364 days (one day short of a full year).
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Commodity forward
A contract in which the underlying asset is oil, a precious metal, or some other commodity.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Commodity futures
Futures contracts in which the underlying is a traditional agricultural, metal, or petroleum product.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Commodity option
An option in which the asset underlying the futures is a commodity, such as oil, gold, wheat, or soybeans.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Commodity swap
A swap in which the underlying is a commodity such as oil, gold, or an agricultural product.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Common shares
A type of security that represent an ownership interest in a company.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Common size statements
Financial statements in which all elements (accounts) are stated as a percentage of a key figure such as revenue for an income statement or total assets for a balance sheet.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Common-size analysis
The restatement of financial statement items using a common denominator or reference item that allows one to identify trends and major differences; an example is an income statement in which all items are expressed as a percent of revenue.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Company analysis
Analysis of an individual company.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Company fundamental factors
Factors related to the company’s internal performance, such as factors relating to earnings growth, earnings variability, earnings momentum, and financial leverage.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Company share-related factors
Valuation measures and other factors related to share price or the trading characteristics of the shares, such as earnings yield, dividend yield, and book-to- market value.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Comparable company
A company that has similar business risk; usually in the same industry and preferably with a single line of business.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Competitive strategy
A company’s plans for responding to the threats and opportunities presented by the external environment.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Complement
In probability, with reference to an event S, the event that S does not occur; in economics, a good that is used in conjunction with another good.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Complete markets
Informally, markets in which the variety of distinct securities traded is so broad that any desired payoff in a future state-of-the-world is achievable.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Completed contract
A method of revenue recognition in which the company does not recognize any revenue until the contract is completed; used particularly in long-term construction contracts.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Component cost of capital
The rate of return required by suppliers of capital for an individual source of a company’s funding, such as debt or equity.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Compounding
The process of accumulating interest on interest.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Comprehensive income
The change in equity of a business enterprise during a period from nonowner sources; includes all changes in equity during a period except those resulting from investments by owners and distributions to owners; comprehensive income equals net income plus other comprehensive income.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Conditional expected value
The expected value of a stated event given that another event has occurred.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Conditional heteroskedasticity
Heteroskedasticity in the error variance that is correlated with the values of the independent variable(s) in the regression.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Conditional probability
The probability of an event given (conditioned on) another event.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Conditional variances
The variance of one variable, given the out- come of another.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Confidence interval
A range that has a given probability that it will contain the population parameter it is intended to estimate.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Conglomerate merger
A merger involving companies that are in unrelated businesses.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Consistency
A desirable property of estimators; a consistent estimator is one for which the probability of estimates close to the value of the population parameter increases as sample size increases.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Consistent
With reference to estimators, describes an estimator for which the probability of estimates close to the value of the population parameter increases as sample size increases.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Consolidation
The combining of the results of operations of subsidiaries with the parent company to present financial statements as if they were a single economic unit. The asset, liabilities, revenues and expenses of the subsidiaries are combined with those of the parent company, eliminating inter- company transactions.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Constant maturity swap or CMT swap
A swap in which the floating rate is the rate on a security known as a constant maturity treasury or CMT security.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Constant maturity treasury or CMT
A hypothetical U.S. Treasury note with a constant maturity. A CMT exists for various years in the range of 2 to 10.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Constant returns to scale
Features of a firm’s technology that lead to constant long-run average cost as output increases. When constant returns to scale are present, the LRAC curve is horizontal.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Constituent securities
With respect to an index, the individual securities within an index.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Consumer Price Index (CPI)
An index that measures the average of the prices paid by urban consumers for a fixed “basket” of the consumer goods and services.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Consumer surplus
The value (or marginal benefit) of a good minus the price paid for it, summed over the quantity bought.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Contango
A situation in a futures market where the current futures price is greater than the current spot price for the underlying asset.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Contestable market
A market in which firms can enter and leave so easily that firms in the market face competition from potential entrants.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Contingent claims
Derivatives in which the payoffs occur if a specific event occurs; generally referred to as options.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Continuation patterns
A type of pattern used in technical analysis to predict the resumption of a market trend that was in place prior to the formation of a pattern.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Continuous market
A market where stocks are priced and traded continuously by an auction process or by dealers when the market is open.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Continuous random variable
A random variable for which the range of possible outcomes is the real line (all real numbers between -∞ and +∞ or some subset of the real line).
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Continuous time
Time thought of as advancing in extremely small increments.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Continuous trading market
A market in which trades can be arranged and executed any time the market is open.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Continuously compounded return
The natural logarithm of 1 plus the holding period return, or equivalently, the natural logarithm of the ending price over the beginning price.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Contra account
An account that offsets another account.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Contribution margin
The amount available for fixed costs and profit after paying variable costs; revenue minus variable costs.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Controlling interest
An investment where the investor exerts control over the investee, typically by having a greater than 50 percent ownership in the investee.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Convenience yield
The nonmonetary return offered by an asset when the asset is in short supply, often associated with assets with seasonal production processes.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Conventional cash flow
A conventional cash flow pattern is one with an initial outflow followed by a series of inflows.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Convergence
In technical analysis, a term that describes the case when an indicator moves in the same manner as the security being analyzed.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Conversion factor
An adjustment used to facilitate delivery on bond futures contracts in which any of a number of bonds with different characteristics are eligible for delivery.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Convertible debt
Debt with the added feature that the bond- holder has the option to exchange the debt for equity at prespecified terms.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Convertible preference shares
A type of equity security that entitles shareholders to convert their shares into a specified number of common shares.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cooperative equilibrium
The outcome of a game in which the players make and share the monopoly profit.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Core inflation rate
A measure of inflation based on the core CPI—the CPI excluding food and fuel.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Corporate governance
The system of principles, policies, procedures, and clearly defined responsibilities and accountabilities used by stakeholders to overcome the conflicts of interest inherent in the corporate form.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Corporate raider
A person or organization seeking to profit by acquiring a company and reselling it, or seeking to profit from the takeover attempt itself (e.g. greenmail).
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Corporation
A legal entity with rights similar to those of a person. The chief officers, executives, or top managers act as agents for the firm and are legally entitled to authorize corporate activities and to enter into contracts on behalf of the business.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Correlation
A number between +1 and -1 that measures the co- movement (linear association) between two random variables.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Correlation analysis
The analysis of the strength of the linear relationship between two data series.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Correlation coefficient
A number between –1 and +1 that measures the consistency or tendency for two investments to act in a similar way. It is used to determine the effect on portfolio risk when two assets are combined.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost averaging
The periodic investment of a fixed amount of money.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost of capital
The rate of return that suppliers of capital require as compensation for their contribution of capital.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost of carry
The cost associated with holding some asset, including financing, storage, and insurance costs. Any yield received on the asset is treated as a negative carrying cost.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost of carry model
A model for pricing futures contracts in which the futures price is determined by adding the cost of carry to the spot price.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost of debt
The cost of debt financing to a company, such as when it issues a bond or takes out a bank loan.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost of goods sold
For a given period, equal to beginning inventory minus ending inventory plus the cost of goods acquired or produced during the period.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost of preferred stock
The cost to a company of issuing preferred stock; the dividend yield that a company must commit to pay preferred stockholders.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost recovery method
A method of revenue recognition in which the seller does not report any profit until the cash amounts paid by the buyer—including principal and interest on any financing from the seller—are greater than all the seller’s costs for the merchandise sold.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost structure
The mix of a company’s variable costs and fixed costs.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cost-push inflation
An inflation that results from an initial increase in costs.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Council of Economic Advisers
The President’s council whose main work is to monitor the economy and keep the President and the public well informed about the current state of the economy and the best available forecasts of where it is heading.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Counterparty risk
The risk that the other party to a contract will fail to honor the terms of the contract.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Coupon rate
The interest rate promised in a contract; this is the rate used to calculate the periodic interest payments.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Covariance
A measure of the co-movement (linear association) between two random variables.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Covariance matrix
A matrix or square array whose entries are covariances; also known as a variance–covariance matrix.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Covariance stationary
Describes a time series when its expected value and variance are constant and finite in all periods and when its covariance with itself for a fixed number of periods in the past or future is constant and finite in all periods.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Covered call
An option strategy involving the holding of an asset and sale of a call on the asset.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Covered interest arbitrage
A transaction executed in the foreign exchange market in which a currency is purchased (sold) and a forward contract is sold (purchased) to lock in the exchange rate for future delivery of the currency. This transaction should earn the risk-free rate of the investor’s home country.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit
With respect to double-entry accounting, a credit records increases in liability, owners’ equity, and revenue accounts or decreases in asset accounts; with respect to borrowing, the willingness and ability of the borrower to make promised payments on the borrowing.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit analysis
The evaluation of credit risk; the evaluation of the creditworthiness of a borrower or counterparty.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit derivatives
A contract in which one party has the right to claim a payment from another party in the event that a specific credit event occurs over the life of the contract.
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CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json