What is a 'Call Price' A call price is the price at which a bond or a preferred stock can be redeemed by the issuer. This price is set at the time the security is issued. Also...
What is 'Cancellation Provision Clause' It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casualty or a health insurance policy at any time before its...
What is a 'Call Market' A call market is a type of market in which each transaction takes place at predetermined intervals and where all of the bid and ask orders are aggregated and transacted at once....
What is 'Canada Premium Bond - CPB' A debt instrument issued by the Bank of Canada that offers a higher interest rate than a Canada Savings Bond (CSB) with the same issuance date. Explaining 'Canada...
Charitable contributions deduction is a tax incentive offered to individuals that donate sums to a recognized charity. The tax deduction allows taxpayers to reduce tax amount, which is due to the tax authority. Contributions to the charity can be...
What is 'Cage' "Cage" is a slang term used to describe the department of a brokerage firm that receives and distributes physical securities. To ensure that security ownership standards are maintained, brokerages keep cages within their offices...
Home Ownership by Country Canadian Rollover Mortgage What is 'Canadian Rollover Mortgage' A home mortgage with an adjustable rate feature. The Canadian Rollover mortgage differs from a 30-year fixed rate mortgage, in that the loan's interest rate...
What is 'Callable Swap' An exchange of cash flows in which one counterparty makes payments based on a fixed interest rate, the other counterparty makes payments based on a floating interest rate and the counterparty paying the...
What is 'Canary Call' A step-up bond that cannot be called after completing its first-step period. The issuer of the bond reserves the option to call back the bond until the first step is reached. A canary...
What is 'Canadian Deposit Insurance Corporation - CDIC ' A crown corporation owned by the Canadian government that insures bank deposits up to C$100,000 per personal account held in member Canadian banks in they event that the...