What Is a Card Reader? A card reader is a device that can decode the information contained in a credit or debit card’s magnetic strip or microchip. In finance, the term “card reader” refers to the technologies used to detect the account number, cardholder information, and authorization code contained on a credit card. This information is contained
What Is a Card Recovery Bulletin? A card recovery bulletin is a paper listing of lost, stolen, past-due, over-limit, counterfeit, or otherwise problem cards published by credit card companies such as Visa or MasterCard. Merchants will review the list to discover if a credit card seems suspicious or not. Key Takeaways A card recovery bulletin
What Are Custom Adjustable Rate Debt Structures (CARDS)? Custom Adjustable Rate Debt Structures (CARDS) were a type of tax shelter used by high net-worth individuals (HNWIs) and corporations. As with all tax shelters, the purpose of CARDS was to reduce the investor’s overall tax liability. In the case of CARDS, this was achieved by lending
What Is Care, Custody, or Control (CCC)? Care, custody, or control is an exclusion found in liability insurance policies that removes compensation for the insured when a property that is placed in their care is damaged. The care, custody, or control (CCC) exclusion generally applies to property that is not owned by the insured, such
What Is the Caribbean Development Bank (CDB)? The Caribbean Development Bank (CDB) is a multilateral financial institution (FI) dedicated to assisting Caribbean nations and dependencies achieve sustainable long-term economic growth and development. In addition to financing programs that contribute to the social and economic development of the Caribbean region, the Caribbean Development Bank (CDB) provides its member
What Is the Caribbean Single Market and Economy (CSME)? The Caribbean Single Market and Economy (CSME) is an initiative of the Caribbean Community and Common Market (CARICOM) that would integrate member-states into a single economic unit. The end result would be the free movement of capital, services, technology and skilled professionals within the region. The
What Is the Carmack Amendment? The Carmack Amendment is a 1906 revision to the Interstate Commerce Act of 1877, which regulates the relationship between shipping companies and the owners of goods under shipment. The Carmack Amendment limits the liabilities of these shipping companies, known as carriers, to loss or damage of the property itself. Key
What Is Carriage and Insurance Paid To (CIP)? Insurance is a long-standing practice in trading, and carriage and insurance paid to (CIP) is when a seller pays freight and insurance to deliver goods to a seller-appointed party at an agreed-upon location. The risk of damage or loss to the goods being transported transfers from the seller to the buyer
What Is Carriage Paid To (CPT)? Carriage Paid To (CPT) is an international trade term that means the seller delivers the goods at their expense to a carrier or another person nominated by the seller. The seller assumes all risks, including loss, until the goods are in the care of the nominated party. The carrier could
What Is Carried Interest? Carried interest is a share of profits earned by general partners of private equity, venture capital, and hedge funds. Carried interest is due to general partners based on their role rather than an initial investment in the fund. As a performance fee, carried interest aligns the general partner’s compensation with the
