What Is the Cboe VIX of VIX (VVIX)? VIX of VIX (or VVIX) is a measure of the volatility of the Cboe Global Markets (Cboe) Volatility Index (VIX). The Cboe’s VIX measures the short-term volatility of the S&P 500 indexes, and the VVIX measures the volatility of the price of the VIX. In other words
What Is the Chicken Tax? The Chicken Tax is a 25% tariff on light trucks imported to the U.S. The United States imposed the tariff in 1964 in an executive order issued by President Lyndon Johnson as retaliation for European tariffs on American chicken imports. In the years since then, trade barriers have fallen, and
What Is a Chief Technology Officer (CTO)? A chief technology officer (CTO) is the executive in charge of an organization’s technological needs as well as its research and development (R&D). Also known as a chief technical officer, this individual examines the short- and long-term needs of an organization and utilizes capital to make investments designed to
What Is the Child and Dependent Care Credit? The child and dependent care credit is a tax credit offered to taxpayers who pay out-of-pocket expenses for childcare. The credit provides relief to individuals and spouses who pay for the care of a qualifying child or disabled dependent while working or looking for work. The percentage
What Is the Child Tax Credit? The Child Tax Credit is a tax benefit granted to American taxpayers for each qualifying dependent child. Designed to help taxpayers support their families, this credit was greatly expanded for 2021 taxes by the American Rescue Plan Act of 2021. The Child Tax Credit decreases taxpayers’ tax liability on
What Is a China ETF? The term China ETF refers to an exchange-traded fund (ETF) that invests in Chinese securities. Like other ETFs, shares are listed and traded on stock exchanges. They tend to be passively managed, which means they mirror the holdings of an underlying index such as the MSCI China Index or the FTSE
What Is the China Investment Corporation (CIC)? The China Investment Corporation (CIC) is the sovereign wealth fund (SWF) of the People’s Republic of China. The CIC was founded in 2007 and has assets under management (AUM) of more than $1.3 trillion. The fund invests on a long-term basis in global public and private assets to
What Is a Chinese Hedge? A Chinese hedge is a tactical position that seeks to capitalize on mispriced conversion factors while protecting investors from risk. It involves establishing a short position in a convertible security and a long position in the convertible’s underlying asset. The trader stands to profit when the underlying asset depreciates, diminishing
What Is a Chinese Wall? The term Chinese wall, as it is used in the business world, describes a virtual barrier intended to block the exchange of information between departments if it might result in business activities that are ethically or legally questionable. In the United States, corporations, brokerage firms, investment banks, and retail banks have
What Is a Chip-And-PIN Card? A chip-and-PIN card is a type of credit card in which the cardholder must authorize the transaction by entering their personal identification number (PIN). Unlike previous cards which utilized a magnetic stripe containing information about the cardholder, chip-and-PIN cards contain a square-shaped microchip that generates and stores unique information for
