Tag: economic
Cabinet Crowd
What is 'Cabinet Crowd' Members of the NYSE who typically trade in inactive bonds. The cabinet crowd is made up of a...
Cancellation
What is 'Cancellation'
A cancellation is a notice made by a broker, to his client, informing him an erroneous trade was made and is being...
Canada Mortgage and Housing Corporation (CMHC)
Home Ownership by Country Canada Mortgage and Housing Corporation (CMHC) What is 'Canada Mortgage and Housing Corporation - CMHC' An organization sponsored...
Canada Revenue Agency (CRA)
What is 'Canada Revenue Agency - CRA' A federal agency that collects taxes and administers tax laws for the Canadian government, as...
Pale Recession
What is 'Pale Recession' A phrase used in May 2008 by former Federal Reserve Board Chairman Alan Greenspan to describe an economic...
Payday Loans
DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...
Paper Dealer
What is 'Paper Dealer' A market maker that buys and sells extremely short-term corporate bonds called commercial paper. A paper dealer is...
Participatory Notes
DefinitionParticipatory Notes commonly known as P-Notes or PNs are instruments issued by registered foreign institutional investors to overseas investors, who wish to invest in...
Pass-Through Security
What is 'Pass-Through Security' A pass-through security is a pool of fixed-income securities backed by a package of assets. A servicing intermediary...
Party Wall
DefinitionA party wall is a dividing partition between two adjoining buildings that is shared by the occupants of each residence or business. Typically, the...