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Cable Rate	The rate quoted for a cable transfer, as distinguished from the check rate and the rate for 30-,60-, and 90-day bills of exchange
Cables	Communications usually in code; order to pay money, sent abroad over transoceanic cable lines or by wireless
Cable Transfer	A means by which a bank or foreign exchange dealer enables its customers to remit funds abroad immediately. Cable transfers may be made payable in dollars or in a foreign currency, usually the latter
Calendar	A list of securities offered for sale as of a specified date
Call	A demand for the payment of an installment on the purchase price of bonds or stocks subscribed for, the time of call usually being discretionary with the issuing organization but sometimes according to definite prearranged dates; the exercise of the right of redemption by a corporation, reserved by the corporation under specific provisions, of bonds, debentures, or preferred stock; in option trading, a contract whereby the holder is entitled to purchase the standardized size of 100 shares of the specified common stock, at a specified price (strike price) on or before the specified number of stock or a commodity at a specified price within a specified period of time
Callable	Bonds and preferred stock that are subject to the right of an obligor issuer to prepay before maturity in the case of bonds and to retire at any time on specified notice
Call Money	Money lent by banks, usually to stock exchange brokers, which may be called, i.e., demand may be made for payment, at any time
Call Money Market	A particular sector of the money market that provides brokers and dealers with call (demand) funds secured by government securities and stock exchange collateral to meet their money requirements for carrying customers' margin accounts and their own securities inventory
Call Premium of Stock	The difference between the par value of callable preferred stock and the amount that would be paid to the shareholders if a corporation decided to repurchase its callable preferred stock
Call Rule	An exchange regulation under which an official bid price for a cash commodity is competitively established at the close of each day's trading which holds until the next opening of the exchange
Capital Gain	Gain or profit from the sale of assets or securities
Capital Loss	Loss on capital invested. Individuals who incur a loss from the sale of a security are credited with a capital loss that may be used to offset capital gains for the purpose of calculating income taxes
Carry	To hold securities; to be long of stock; to supply funds to a customer especially when it becomes necessary for a bank to renew the notes of its borrowers in order to tide them over a difficult period; an activity of a broker who is said to carry the securities that are held as collateral for the customers' loans when a broker furnishes funds to customers who trade by margin accounts represented in the difference between the purchase price of the securities or commodities and the customer's partial payment thereon
Carrying Charges	The interest on debit balances charged by brokers for credit extended to customers for the purpose of purchasing or carrying securities on margin; the cost of carrying commodities held in a warehouse for speculation or otherwise, such as charges for storage, insurance, hauling, and loss of interest on the investment
Cash Dividends	Payments of cash to stockholders in proportion to the number of shares they own, normally declared by an institution's board of directors on a quarterly, semi-annual, or annual basis
Certificate	A document serving as a representation of ownership, accomplishment, qualification or evidence, such as for stocks and bonds, deposit, incorporation, audit report, marriage, professional achievement, and many others
Classified Stock	Stock of the same corporation issued in series, the first in the series having rights prior to the others,e.g., first preferred stock, second preferred stock , or as a class of common stock, e.g., Class A, Class B
Clear	To collect or pass through for payment, as used with reference to checks, stocks, and bonds; a legal expression meaning free from encumbrance
Clearing Agency	Any person who acts as intermediary in making deliveries upon payment to effect settlement in securities transactions
Clearing Stocks	In centralized clearing of transactions on stock exchanges, those stocks designated for such clearing; in the Clearing House operation, the exchanges of stock certificates to and from representatives of transfer agents and registrars for the purpose of registration
Close	In commodity trading, the short period of time just before the end of the market session, when all trades are officially declared to be executed at or on the close; the last recorded price for a security or commodity, also called the last, for a particular trading session
Closed Out	A reference to the selling out of a margin account by a broker, pursuant to the margin agreement entered into by the customer; an indication that a business or account has been disposed of or liquidated
Closing Price	The price at which the last sale of each stock, bond, or commodity is effected daily on a stock or commodity exchange
Closing The Books	A reference to the temporary closing of a corporation's stock transfer books on a date fixed by the board of directors at the time dividends are declared, in order to determine the stockholders of record, i.e., those entitled to receive the dividend on the payable date
Commitment	A pledge or engagement; a contract involving financial responsibility or a contingent financial obligation to be performed in the future, e.g., an obligation to pay for subscribed stock on call, to take up bonds subscribed or purchased on the delivery date, or orders entrusted to a broker for buying and selling securities
Common Stock	Shares of ownership in a corporation that entitles the holder to dividend distributions made by the issuer; that part of the capital stock of a corporation which represents the last claim upon assets and dividends, as distinguished from preferred stock
Common Stock Equivalents	A security that, because of its terms or the circumstances under which it was issued, is in substance equivalent to common stock used in the computation of earnings per share
Common Stock Fund	A mutual fund whose portfolio consists primarily of common stocks
Concept Stocks	Stocks to which a big idea can be associated, such as a scientific breakthrough, a new drug discovery, and a new merchandising approach
Contango	The charge made for the accommodation when a speculator who has bought stock desires to postpone delivery
Convertible Security	A security that may be exchanged at the issuer's or holder's option for another class of security, usually common stock although preferred stocks and bonds also may carry conversion privileges
Convertible Bonds	Bonds that at the option of the holder are convertible into other securities of the corporation. Such bonds are convertible at a certain price or share ratio into preferred or common stock
Convertible Preferred Stock	Preferred stock that the holder may exchange at his or her option for common stock at the stipulated conversion price or share exchange ratio
Corner	Control or monopoly over a commodity or security to get control or to dictate price. Technically, a corner occurs on a stock exchange when shorts cannot borrow stock. Those who have a corner can dominate the situation and dictate the price and terms to their victims
Cover	Signifies the purchase of stocks by short sellers to complete their contracts; a term used instead of security; purchasing a financial instrument to offset a short position
Crossing Trades	A transaction between brokers, prohibited by the rules of all securities and commodity exchanges, by which a buying order of one is offset by a selling order of the other for the same unit of the same stock or commodity. Instead of the orders being executed on the exchange, the brokers effect a cross trade between themselves; the matching of buyers and sellers
Cum Dividend	A term meaning "with the dividend included," as distinguished from an ex dividend. The buyer of a stock cum dividend is entitled to receive the pending dividend
Cum Rights	With rights included. The buyer of stock cum rights is entitled to exercise whatever privilege such rights carry
Cumulative	Increasing by accumulation or by successive additions, as in cumulative preferred stock, dividends, voting
Clearing Stocks	In centralized clearing of transactions on stock exchanges, those stocks designated for such clearing; in the Clearing House operation, the exchanges of stock certificates to and from representatives of transfer agents and registrars for the purpose of registration
Cumulative Dividends	Dividends on cumulative preferred stock that accumulate if not paid regularly or in full, and if earned must be paid in the future before dividends can be paid on common stock
Cumulative Voting	A form of corporate voting in which each shareholder has the right to vote the number of shares owned for as many persons as there are directors to be elected, or to cumulative such shares and give one candidate as many votes as the number of directors multiplied by the number of his or her shares shall equal, or to distribute them on the same principle among as many candidates as one shall think fit. The vote is most often made available in elections of directors
Current Market Value	The current value of asset(s) or portfolio(s) as reflected by the amount of cash that could be obtained on a specific date by selling the asset or portfolio, in its present condition, in an orderly liquidation
Current Yield	Annual interest (or dividends) divided by the current market price of a bond (stock)
Cyclical	Recurring period of time or events
Cyclical Stocks	Stocks of corporation whose earnings fluctuate with the business cycle. Such companies have relatively low earnings per share during recessions and sharply increasing earnings per share during the recovery phase of the business cycle. Cyclical stocks include basic manufacturing industries TOP

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