Finance

What is the consumer price index for all urban consumers (CPI-U)? The Consumer Price Index for All Urban Consumers (CPI-U) measures changes in consumer prices in the United States based on a basket of goods and services. The term urban in the index refers to areas around any city or town with a population of…

What are the mountain range options? The mountain range options are a family of exotic options based on several underlyings securities. Mountain range options were first marketed by French securities firm Societe Generale in 1998. These options combine some of the key features of basket style Where rainbow options– both of which have more than…

What is the Canada Pension Plan (CPP)? The Canada Pension Plan is one of the three tiers of the Canadian government’s retirement income system, which is responsible for providing retirement or disability benefits. The Canada Pension Plan was created in 1965 to provide a basic set of benefits to retirees and disabled contributors. If the…

What is the business tax credit? Business tax credits are an amount that businesses can subtract from taxes owed to a government. Business tax credits are applied against taxes owed, as opposed to a deduction which is used to reduce taxable income. Businesses apply the tax credits when they file their annual tax return. In…

What is a look-alike contract? Similar contracts are a cash-settled financial product based on the settlement price of a similar exchange-traded, physically-settled contract future contracts. Similar contracts are negotiated over-the-counter and carry no risk of physical delivery regardless of the terms of the underlying futures contract. Similar futures contracts are regulated by the Commodity Futures…

What is a standstill agreement? A standstill agreement is a contract that contains provisions that govern how a bidder of a company can buy, sell or vote shares of the target company. A standstill agreement can effectively block or halt the process of a Hostile takeover if the parties cannot negotiate a friendly agreement. The…

The Secondary Market Corporate Credit Facility (SMCCF) was a special purpose vehicle (SPV) launched by the Federal Reserve on March 23, 2020, to support the corporate bond market in the face of the COVID-19 crisis. The SMCCF bought us investment grade corporate bonds and Bond ETFs in the secondary market. The idea was that banks…

TIAA Bank Review 2022 – The benefits explained A debit card with additional protections – The TIAA Bank debit card comes with some features typically found with credit cards: extended warranty protection for up to one year, price protection for up to 60 days after purchase, and return within 90 days of purchase. A current…

The benefits explained Competitive interest rates – Savers looking for a high interest rate on their savings account and certificates of deposit (CD) will find them with Barclays. No monthly fees or minimum opening deposit requirements – Barclays does not require a minimum deposit when opening a new savings account or CD. There are also…