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What Is a Calculation Agent? A calculation agent is an individual or entity that is responsible for determining the value of a derivative. A derivative is a financial security that derives its value from an underlying asset or benchmark. A calculation agent calculates the value of a derivative and the amount owing from each party. The

What Is a Calendar Spread? A calendar spread is an options or futures strategy established by simultaneously entering a long and short position on the same underlying asset but with different delivery dates. In a typical calendar spread, one would buy a longer-term contract and go short a nearer-term option with the same strike price.

What Is a Calendar Year Experience? A calendar year experience is used in the insurance industry to signify an insurance company’s “experience” during a calendar year. Also known as an underwriting year experience or accident year experience, it is the difference between the premiums earned and the losses that have been incurred (but are not necessarily

What Is Calexit: The Secession of California? “Calexit” refers to the secession of California from the United States, after which it would become an independent country. The word is a portmanteau meaning “California exit,” which is based on similar coinages such as Grexit and Brexit. The term came to the foreground in the wake of Donald Trump’s

What is a Calgary Dollar The Calgary dollar is a local currency developed for and used only by citizens of Calgary, Alberta, Canada. Calgary dollars are part of an initiative to inspire local consumers to shop close to home, to personalize economic relations, to nurture a sense of community, and to increase both local self-sufficiency

What Is a Callable Bond? A callable bond, also known as a redeemable bond, is a bond that the issuer may redeem before it reaches the stated maturity date. A callable bond allows the issuing company to pay off their debt early. A business may choose to call their bond if market interest rates move

What Is a Call to Action (CTA)? A call to action (CTA) is a marketing term that refers to the next step a marketer wants its audience or reader to take. The CTA can have a direct link to sales. For example, it can instruct the reader to click the buy button to complete a sale, or it can simply move the

What Is a Call Date? The call date is a day on which the issuer has the right to redeem a callable bond at par, or at a small premium to par, prior to the stated maturity date. The call date and related terms will be stated in a security’s prospectus. Key Takeaways The call

What Is a Call Deposit Account? A call deposit account is a bank account for investment funds that offers the advantages of both a savings and a checking account. Like a checking account, a call deposit account has no fixed deposit period, provides instant access to funds, and allows unlimited withdrawals and deposits. The call

What Is Called Away? Called away describes an event in which a financial contract is eliminated or terminated because delivery or redemption is required. Called away situations usually happen with options contracts and callable bonds. In an investing case, this often refers to the forced sale of securities in which the investor does not have