What Is a Covered Writer? A covered writer is an investor or trader who holds the underlying security as a hedge against the options contract they are selling. Since the investor already owns the underlying asset, they may cover any call before or at the expiration date of the option, thus limiting risk. Key Takeaways
What Is a Cover Letter? A cover letter is a written document commonly submitted with a job application outlining the applicant’s credentials and interest in the open position. Since a cover letter is often one of only two documents sent to a potential employer, a well- or poorly-written letter can impact whether the applicant is
What Is a Cover Note? A cover note is a temporary document issued by an insurance company that provides proof of insurance coverage until a final insurance policy can be issued. A cover note is different from a certificate of insurance or an insurance policy document. A cover note features the name of the insured, the insurer, the
What is Cover On A Bounce? Cover on a bounce is a stock trading term that means to cover a position by trading after the stock price has bounced off a support level. The strategy involves waiting for the stock to go low enough to hit a support level, then bounce briefly, then go slightly lower to
What is Cover Your Ass “Cover your ass” refers to a tactic used by workers and organizations to share or divert blame or provide a disclaimer should something go wrong. “Covering your ass” is usually done in big projects where an employee may choose to avoid taking credit for doing a critical part of the project just in
What Is Cowboy Marketing? Cowboy marketing is a slang term used to describe a situation in which a company is unaware that a marketer hired to produce legitimate opted-in email campaigns is actually using mass spam emails to promote the company’s stock. This is a very unethical practice since marketers are often compensated with stock options.
What Is a Certified Public Accountant (CPA)? A certified public accountant (CPA) is a designation provided to licensed accounting professionals. The CPA license is provided by the Board of Accountancy for each state. The American Institute of Certified Public Accountants (AICPA) provides resources on obtaining the license. The CPA designation helps enforce professional standards in
What is Canada Premium Bond (CPB)? A Canada Premium Bond (CPB) is a low-risk debt instrument issued by the Bank of Canada. It comes with a higher interest rate than a Canada Savings Bond (CSB) with the same maturity but can only be redeemed on its anniversary date or 30 days thereafter. Key Takeaways A
What Is Cost Per Click (CPC)? Cost per click (CPC) is an online advertising revenue model that websites use to bill advertisers based on the number of times visitors click on a display ad attached to their sites. The primary alternative is the cost per mille (CPM) model, which charges 1,000 ad impressions—or views—of the
What Are Consumer Packaged Goods? Consumer packaged goods (CPG) are items used daily by average consumers that require routine replacement or replenishment, such as food, beverages, clothes, tobacco, makeup, and household products. While consumer demand for CPGs largely remains constant, this is nevertheless a highly competitive sector, due to high market saturation and low consumer
