What is a 'Call Protection' A call protection is a protective provision of a callable security prohibiting the issuer from calling back the security for a period early in its life. Explaining 'Call Protection' The...
What is a Charitable Remainder Trust
A Charitable Remainder Trust, or CRT, is a type of trust that allows the settlor (the person establishing the trust) to receive income from the trust for a set period of time. At the...
DefinitionA calendar effect is any market anomaly or economic effect which appears to be related to the calendar. Such effects include the apparently different behaviour of stock markets on different days of the week, different times of the month,...
What is a 'Canceled Check' A canceled check is a check that has cleared the depositor's account and has been marked "canceled" by the bank. A canceled check has been paid by the drawee bank and endorsed...
DefinitionBasis, as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When property is sold, the taxpayer pays/ taxes on a capital gain/ that equals the amount realized on the...
What is 'Canadian Derivatives Clearing Corporation - CDCC' The central clearing counterparty for exchange-traded derivative products, such as options and futures, in Canada. The Canadian Derivatives Clearing Corporation (CDCC) also acts as the clearinghouse for a growing...
What is 'Canadian Originated Preferred Securities - COPrS' A long-term subordinated debt instrument issued in Canada. COPrS (pronounced "coppers") are a type of derivative equity security invented by Merrill Lynch in the mid-1990s. The first company to...
What is 'Canadian Capital Markets Association - CCMA' A nonprofit organization that was created to analyze issues arising in the Canadian and international capital markets. The organization is focused on being an active participant toward developing and...
What is 'Callable Common Stock' A security that represents ownership in a corporation that has voting rights, whose owners are last to be paid if the company liquidates and which is redeemable by the issuing corporation, at...
DefinitionIn finance, a calendar spread is a spread trade involving the simultaneous purchase of futures or options expiring on a particular date and the sale of the same instrument expiring on another date. The legs of the spread vary...