What Is a Chartered Bank? A chartered bank is a financial institution (FI) whose primary roles are to accept and safeguard monetary deposits from individuals and organizations, as well as to lend money out. Chartered bank specifics vary from country to country. However, in general, a chartered bank in operation has obtained a form of
What Is a Chartered Financial Consultant (ChFC)? A Chartered Financial Consultant is a professional designation representing the completion of a comprehensive course consisting of financial education, examinations, and practical experience. Chartered Financial Consultant designations are granted by the American College upon completion of seven required courses and two elective courses. Those who earn the designation are
What Is a Chartered Mutual Fund Counselor (CMFC)? Chartered Mutual Fund Counselor (CMFC) is a professional designation for mutual fund advisers. It was previously awarded by the College for Financial Planning, now part of Kaplan, to financial services professionals who completed a study program and passed an exam covering mutual fund topics. While it is
What is a Chartered Trust And Estate Planner Chartered Trust and Estate Planner is a professional accreditation offered by the Global Academy of Finance and Management (GAFM). BREAKING DOWN Chartered Trust And Estate Planner Chartered Trust and Estate Planner is an accreditation granted by the GAFM, formerly the American Academy of Financial Management. This credential
What Is the Chartered Wealth Manager (CWM)? Chartered wealth manager (CWM) is a professional designation issued by the GAFM Global Academy of Finance and Management, formerly the American Academy of Financial Management (AAFM). It is intended to certify the knowledge and skill of wealth management professionals. The prerequisites for the CWM program are three or
What Is a Chart Formation? A chart formation is a pattern created by price data or other metric that a technical trader recognizes from a past analysis. Thus, they can anticipate what the price may do next based on how that pattern played out when it appeared previously. There are multiple chart formations; some are
What Does Chasing Nickles Around Dollar Bills Mean? The expression chasing nickles around dollar bills is slang for when a foreign exchange (forex) trader pursues a trend in the currency market. Traders chase nickles when they go after the price of a currency during fads or enter a trade when a trend is near its end. The
What is Chastity Bond? A chastity bond is a corporate bond that matures, at par, when triggered by an event, such as a hostile takeover, that raises the cost of the acquisition to the acquirer. Key Takeaways A chastity bond is a corporate bond that matures, at par, when triggered by an event, such as
What Is a Chatbot? A chatbot is a computer program that simulates human conversation through voice commands or text chats or both. Chatbot, short for chatterbot, is an artificial intelligence (AI) feature that can be embedded and used through any major messaging application. There are a number of synonyms for chatbot, including “talkbot,” “bot,” “IM bot,”
What Is Chattel Mortgage Non-Filing Insurance? In finance, the term “chattel mortgage non-filing insurance” refers to a type of insurance product purchased by chattel mortgage providers and other financial firms. Specifically, it protects against losses arising when the lender has not filed the necessary paperwork to register its legal claim against the assets used as
