What Is a Chameleon Option? A chameleon option has the ability to change its structure should predetermined terms of the contract be met, such as a specified increase or decrease in the price of the underlying asset. A chameleon option gives an investor greater flexibility in that they can trade a chameleon option instead of trading
What Is the Certainty Equivalent? The certainty equivalent is a guaranteed return that someone would accept now, rather than taking a chance on a higher, but uncertain, return in the future. Put another way, the certainty equivalent is the guaranteed amount of cash that a person would consider as having the same amount of desirability
What Is a Certificate of Insurance (COI)? A certificate of insurance (COI) is a document issued by an insurance company or broker. The COI verifies the existence of an insurance policy and summarizes the key aspects and conditions of the policy. For example, a standard COI lists the policyholder’s name, the policy’s effective date, the
What Is Certificated Stock? Certificated stock generally refers to commodity inventory that has been inspected by qualified representatives and determined to be of basis grade for use in futures market trading. Key Takeaways Certificated stock is an inventory of commodities that has been affirmed by qualified inspectors and approved for futures trading.Certificated stock ensures that
What Is the Certificate in Investment Performance Measurement (CIPM)? The Certificate in Investment Performance Measurement (CIPM) is an internationally recognized accreditation offered by the CFA Institute. As its name suggests, the purpose of the CIPM is to train professionals to accurately calculate and communicate investment performance figures. Key Takeaways CIPM is a well-respected professional designation
What Is a Certificate of Deposit (CD)? A certificate of deposit (CD) is a savings product that earns interest on a lump sum for a fixed period of time. CDs differ from savings accounts because the money must remain untouched for the entirety of their term or risk penalty fees or lost interest. CDs usually
What Are the IntraFi® Network Deposits? The purpose of the IntraFi® Network Deposits (formerly known as the Certificate of Deposit Account Registry Service (CDARS)) is to help people who invest in certificate of deposits (CDs) keep their money insured while also staying below the Federal Deposit Insurance Corporation (FDIC) insurance limit of $250,000 per depositor
What Is a Certificate of Origin (CO)? A certificate of origin (CO) is a document declaring in which country a commodity or good was manufactured. The certificate of origin contains information regarding the product, its destination, and the country of export. For example, a good may be marked “Made in the USA” or “Made in
What Is a Certificate of Participation (COP)? A certificate of participation (COP) is a type of financing where an investor purchases a share of the lease revenues of a program rather than the bond being secured by those revenues. Certificates of participation are, therefore, secured by lease revenues. A certificate of participation (COP) can also
What Is a Certificate of Title? A certificate of title is an official state or municipal-issued document that identifies the owner(s) of personal or real property. A certificate of title provides documentary evidence of the right of ownership. Usually it applies to real estate, though it also may pertain to a business, boat, or vehicle
