What Was the Christmas Island Dollar? The Christmas Island Dollar was the official currency of Christmas Island, which is a small Australian island located in the Indian Ocean. The currency became obsolete after the island became an Australian territory. As such, the island uses the Australian dollar (AUD) as its currency. Christmas Island is known for
What Is a Christmas Tree Options Strategy? A Christmas tree is an options trading spread strategy achieved by buying and selling six call (or six put) options with different strikes but the same expiration dates for a neutral to bullish forecast. This is termed a long call Christmas tree when using calls or a put
What Is a Christmas Tree (oil and gas)? A Christmas tree is a piece of equipment that provides flow control on a oil or gas well. Christmas trees are a vertical assembly of valves with gauges and chokes that allow for adjustments in flow control as well as injections to stimulate production. Christmas trees are
What Is Churn Rate? The churn rate, also known as the rate of attrition or customer churn, is the rate at which customers stop doing business with an entity. It is most commonly expressed as the percentage of service subscribers who discontinue their subscriptions within a given time period. It is also the rate at
What Is Cost, Insurance, and Freight (CIF)? Cost, insurance, and freight (CIF) is an international shipping agreement, which represents the charges paid by a seller to cover the costs, insurance, and freight of a buyer’s order while the cargo is in transit. Cost, insurance, and freight only applies to goods transported via a waterway, sea
What Is the Composite Index of Lagging Indicators? The Composite Index of Lagging Indicators is an index published monthly by the Conference Board, used to confirm and assess the direction of the economy’s movements over recent months. Key Takeaways The Composite Index of Lagging Indicators is a composite economic indicator that lags behind changes in
What Is the Composite Index of Leading Indicators? The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. The index is composed of 10 economic components whose changes
What Are Corporate Inflation-Linked Securities (CILS)? The term corporate inflation-linked securities (CILS) refers to a series of security that seeks to mitigate the risks posed by inflation to a bond’s rate of return. A bond or other similar security’s returns drop when interest rates rise. This is mitigated by indexing the coupon rate to an
What Was the Cincinnati Stock Exchange? The Cincinnati Stock Exchange was a securities exchange formed in 1885 by a group of Cincinnati businessmen. The CSE’s headquarters moved to Chicago in 1995, and in 2003, the CSE changed its name to the National Stock Exchange (NSX) and relocated its headquarters to New Jersey. Key Takeaways The Cincinnati
What Is the Chartered Insurance Professional (CIP) Designation? The Chartered Insurance Professional (CIP) designation is an influential professional accreditation within the Canadian property and casualty insurance industry. It is administered by the Insurance Institute of Canada, a non-profit organization headquartered in Toronto, Canada. To obtain the CIP, candidates must complete 10 courses and pass their
