What Is a Clearing Member Trade Agreement (CMTA)? A clearing member trade agreement (CMTA) is an arrangement by which an investor may enter derivatives trades with a limited number of different brokers but later consolidate these trades at the end of the trading day with only one broker for clearing. The CMTA is used exclusively
A co-applicant is an additional person considered in the underwriting and approval of a loan or other type of application. Applying for a loan with a co-applicant can help to improve the chances of loan approval and also provide for more favorable loan terms. A co-applicant may become a co-borrower once the application is approved
What Is the Coase Theorem? The Coase Theorem is a legal and economic theory developed by economist Ronald Coase regarding property rights, which states that where there are complete competitive markets with no transaction costs and an efficient set of inputs and outputs, an optimal decision will be selected. It basically asserts that bargaining between
What Is a Coaster? A coaster is an employee with low ambition and low productivity who does just enough to get by. This type of employee is said to “coast” through their duties by doing the minimum amount of work to keep their position. Key Takeaways A coaster is an employee with low ambition and low
What Is Coattail Investing? Coattail investing is an investment strategy mimicking the trades of well-known and historically successful investors. By placing these trades, investors “ride the coattails” of respected investors in hopes of making money in their own accounts. Today, through public filings, media coverage, and reports written by fund managers, the average investor can
What Is Co-Branding? Co-branding is a marketing strategy that utilizes multiple brand names on a good or service as part of a strategic alliance. Also known as a brand partnership, co-branding (or “cobranding”) encompasses several different types of branding collaborations, typically involving the brands of at least two companies. Each brand in such a strategic
What Is a Code of Ethics? A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization’s
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
