What Is a Codicil? A codicil is an addendum of any kind to a will. Codicils can alter, change, add to or subtract from the provisions in the will. They can be used to keep a will and testament current and up to date. A codicil can be used to add, remove, or change provisions
What Is the Co-efficient of Variation (CV)? The co-efficient of variation (CV) is a statistical measure of the dispersion of data points in a data series around the mean. The co-efficient of variation represents the ratio of the standard deviation to the mean, and it is a useful statistic for comparing the degree of variation
What Is Cost of Goods Sold (COGS)? Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution costs and sales force costs. Cost of
What Is a Coiled Market? A coiled market, or coiled spring, is a market that has a lot of potential to make a strong move in one direction after being pushed in the opposite direction or held flat over some period of time. The idea is that if a market ought to be headed in
What Is Closed Corporation? A closed corporation is a company whose shares are held by a select few individuals who are usually closely associated with the business. Key Takeaways Closed corporations are companies with a small number of shareholders that are privately held by managers, owners, and even families.These companies are not publicly traded and
What Is a Closed Economy? A closed economy typically refers to a country that does not trade or engage in other financial exchanges with any other country. That means no imports come into the country and no exports leave it. The goal of a closed economy is complete self-sufficiency, providing domestic consumers with everything they need from within the
What Is a Closed-End Fund? A closed-end fund is a type of mutual fund that issues a fixed number of shares through a single initial public offering (IPO) to raise capital for its initial investments. Its shares can then be bought and sold on a stock exchange but no new shares will be created and
What Is a Closed-End Lease? A closed-end lease is a rental agreement that puts no obligation on the lessee (the person making periodic lease payments) to purchase the leased asset at the end of the agreement. A closed-end lease is also called a “true lease,” “walkaway lease,” or “net lease.” Key Takeaways A closed-end lease is
A closed-end management company is an investment company that manages closed-end mutual funds and sells a limited number of shares to investors on an exchange by way of an initial public offering. Breaking Down Closed-End Management Company The Investment Company Act of 1940 regulates closed-end managment companies. Closed-end management companies specialize in the management of
What Is a Closed-end Mortgage? A closed-end mortgage (also known as a “closed mortgage”) is a restrictive type of mortgage that cannot be prepaid, renegotiated, or refinanced without paying breakage costs or other penalties to the lender. This type of mortgage makes sense for homebuyers who are not planning to move anytime soon and will accept
