Currency Carry Trade
Currency carry trade refers to a strategy that is used by investors to sell currencies with low interest rates and purchase currencies with a high interest rate, in order to capture the difference that exists between the rates and leverage that is being used. The strategy is used by investors that work for big institutes. The main purpose of...
Callable Security
What is 'Callable Security' A security with an embedded call provision that allows the issuer to repurchase or redeem the security by a specified date. Since the holder of a callable security is exposed to the risk of the security being repurchased, the callable security is generally less expensive than comparable securities that do not have a...
Calgary Dollar
DefinitionThe Calgary Dollar is a local currency in Calgary, Alberta, Canada. While functioning as a limited form of currency within Calgary, it is not legal tender nor is it backed by a national government. Instead, the currency serves as a tool for community economic development as well as a focus for community building. Calgary Dollar What is 'Calgary...
Canada Learning Bond
DefinitionThe Canada Learning Bond is a grant paid by the government of Canada to assist low-income families with saving money for their children's post-secondary education. The CLB relies primarily on the National Child Benefit program to determine which families may be eligible and the tax regulations for the Registered Education Savings Plan to guide the eventual use of the...
CalPERS
What is 'CalPERS' The California Public Employees' Retirement System (CalPERS), an organization that provides numerous benefits to its more than 1.6 million members, including health insurance, long-term care insurance, death benefits, mortgage program, and distribution of pension and retirement-related financial benefits. CalPERS Investments is the nation's largest public pension fund and, given its size, it is able...
Committee On Payment And Settlement Systems
Learning About the Committee on Payment and Settlement Systems The Committee on Payment and Settlement Systems consists of the central banks of the G10 countries. The G10 countries consist of eleven industrial countries that include United States of America, United Kingdom, Switzerland, Sweden, Netherlands, Japan, Italy, Germany, France, Canada, and Belgium. The committee looks at the developments that take place in the...
Credit Cards
By definition, credit cards are released by financial companies that allow the customer or holder with the choice of borrowing funds, at the point of sale. The plastic card charges interest and is usually used for financing in the short term. Most financial centers charge interest one month after the purchase of a good or service is made. Usually,...
Call Ratio Backspread
What is 'Call Ratio Backspread' A very bullish investment strategy that combines options to create a spread with limited loss potential and mixed profit potential. It is generally created by selling one call option and then using the collected premium to purchase a greater number of call options at a higher strike price. This strategy has potentially...
Canada Pension Plan (CPP)
What is the Canada Pension Plan (CPP)? The Canada Pension Plan (CPP) is a government-sponsored retirement savings program. It is a defined benefit pension plan, which means that participants are guaranteed a certain level of income in retirement, based on their contributions and years of service. The CPP is managed by the Canada Pension Plan Investment Board (CPPIB), and benefits...
Cambist
What is 'Cambist' The term "foreign exchange expert" refers to a person or broker who is considered to be knowledgeable about foreign exchange rates. It is also possible to use the term cambist to refer to a book that contains information such as exchange rates for world currencies and other forms of money. Explaining 'Cambist' The term comes from the Latin word "cambiere"...