What Is a Crossover Investor? A crossover investor is a public equity market investor who is active in multiple segments of the private investment markets. This investor is involved from the non-public company pre-initial public offering (IPO) stage up to, through, and after the IPO. Crossover investors invest in traditional mutual funds, hedge funds, and family
What Is a Cross-Purchase Agreement? A cross-purchase agreement is a document that allows a company’s partners or other shareholders to purchase the interest or shares of a partner who dies, becomes incapacitated or retires. The mechanism often relies on a life insurance policy in the event of a death to facilitate that exchange of value.
What Is a Cross Rate? A cross rate is a foreign currency exchange transaction between two currencies that are both valued against a third currency. In the foreign currency exchange markets, the U.S. dollar is the currency that is usually used to establish the values of the pair being exchanged. As the base currency, the
What Is a Cross-Sell? To cross-sell is to sell related or complementary products to a customer. Cross-selling is one of the most effective methods of marketing. In the financial services industry, examples of cross-selling include selling different types of investments or products to investors or tax preparation services to retirement planning clients. For instance, if
What Is Crowdfunding? Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together, with the potential to increase entrepreneurship by
What Is the Crowding Out Effect? The crowding out effect is an economic theory that argues that rising public sector spending drives down or even eliminates private sector spending. To spend more, the government needs added revenue. It obtains it by raising taxes or by borrowing through the sale of Treasury securities. Higher taxes can
What Is Crowdsourcing? Crowdsourcing involves obtaining work, information, or opinions from a large group of people who submit their data via the Internet, social media, and smartphone apps. People involved in crowdsourcing sometimes work as paid freelancers, while others perform small tasks voluntarily. For example, traffic apps like Waze encourage drivers to self-report accidents and
What Is a Chartered Retirement Planning Counselor (CRPC)? A Chartered Retirement Planning Counselor (CRPC) is someone with a professional financial planning designation awarded by the College for Financial Planning. Individuals may earn the CRPC designation by completing a study program and passing a final multiple-choice examination. Successful applicants earn the right to use the CRPC
What Is Crude Oil? Crude oil is a naturally occurring liquid petroleum product composed of hydrocarbon deposits and other organic materials formed from the remains of animals and plants that lived millions of years ago. These organisms were covered by layers of sand, silt, and rock, subject to heat and pressure, and eventually turned into a
What Are Crude Stockpiles? Crude oil stockpiles, also known as inventory, are reserves of unrefined petroleum measured in numbers of barrels. Oil producers and governments use crude stockpiles to smooth out the impact of changes in supply and demand. Inventory levels are affected by OPEC’s production decisions, political events, tax policy changes, and other factors.
