Category: C

Higher-than-discount airfare that allows penalty-free changes and refunds.

A special-purpose computer language developed in 1960s. The US Department Of Defense collaborated with computer manufacturers to develop COBOL for doing administrative reports. It stands for COmmon Business Oriented Language.

A simple rough measure of relative dispersion in probability distribution. Written as a ratio of standard deviation to mean. It serves mainly as a measure of relative risk. Known also as Pearson’s

A person or firm who shares in the loss as document in an insurance policy.

Cooperative organization with a goal of completing a project or solving a problem for learners of varied abilities and interests to work together as small groups.

Items such as antiques, art, books, coins, that are rare and valuable, bought for their potential future worth as an investment. This worth usually increase in inflationary times and deceases in deflationary

The monies generated by the project financed by the bond, as well as backed by the ‘full faith and credit’ of the government agency that generated the bond are the remuneration sources

Business insurance protecting against loss that cannot be predicted or prevented.

A good that is sold freely to the public. It can be agriculture, fuel, or metals. It is traded in bulk in the commodity or spot market.

When many firms gather through a single goal. It can be shared employees and management, shared profits or loss, or ownership. If they seem to be bonded than it is sometimes assumed.

The right of a beneficiary to accept a lump sum instead of payments.

The legal name of a firm. It is on all the documents and payment that are made to the company. AKA corporate name.

A way of advertising that places one product as better than another by comparison. The other brand must be kept anonymous to avoid a law suit. AKA comparative advertising or competitive advertising.

A short term loan the IMF advanced by the Compensatory and Contingency Financing Facility. The member can cover shortfall due to an unpredictable circumstance.

An UNDERWRITING of a NEW ISSUE of securities that is awarded by the issuing company to the UNDERWRITER that proposes the most favorable terms (generally a combination of lowest YIELD, lowest fees,

The loss that will result in a decline in competitive edge.

When different parties do what is in the best interest to sustain the relationship.

A company that mixes stock and bonds exchanged for common stock.

A unique part of a system that is needed to do something, perform a function, or finish a product. They can be removed.

A package of OPTIONS created to provide unique RISK MANAGEMENT investment, or speculative results that cannot be achieved through simple positions. Common compound strategies include BULL SPREADS, BEAR SPREADS, STRADDLES, STRANGLES, and