Finance terms starting with C

239 terms

  1. Credit card agreement A document that outlines the terms and conditions for using your credit card. It is your contract with your credit card company.
  2. Credit Card Issuer Any financial institution that issues bank cards to those who apply for them.
  3. Credit counseling service A service that employs credit counselors who will look at your financial situation and help develop repayment options.
  4. Credit Disability Insurance (CDI) A type of insurance, also known as accident and health insurance, that makes payments on the loan if you become ill or injured and cannot work.
  5. Credit History A record of an individual’s or company’s past borrowing and repaying behavior maintained by an independent credit reporting agency.
  6. Credit Life & Disability Insurance Insurance offered to loan and credit card customers that will pay the monthly payments on their debt if they become disabled or the balance of their debt…
  7. Credit Life Insurance (CLI) A type of life insurance that helps repay a loan if you should die before the loan is fully repaid. CLI is optional coverage.
  8. Credit limit The maximum amount of credit that is available on a credit card or other line of credit account.
  9. Credit Line A credit line, or line of credit, is a revolving credit agreement that allows you to write checks or make cash withdrawals of amounts up to your credit…
  10. Credit Pre-Approval A process in which an individual can apply for a credit approval decision before he/she actually finds a home and enters into a Purchase and Sales…
  11. Credit rating Your credit rating is an independent statistical evaluation of your ability to repay debt based on your borrowing and repayment history.
  12. Credit Repair Organization A person or organization that sells, provides, performs, or assists in improving a consumer's credit record, credit history or credit rating (or says that…
  13. Credit Report A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.
  14. Credit reporting agency See credit bureau.
  15. Credit Reports or “consumer reports,” contain information about your credit worthiness. Information is kept on file with a credit bureau and will display data about…
  16. Credit Score A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO® score.
  17. Credit Service Organization also known as a loan/mortgage broker. Starting in late September 2005 all Credit Service Organizations will be renamed loan brokers; see loan broker.
  18. Credit Union A cooperative, nonprofit association, licensed under for the purposes of encouraging thrift among its members, creating a source of credit at a fair and…
  19. Credit Union Statement Periodically the credit union provides a statement of a member's share account.
  20. Credit-limit-increase fee A fee charged if you ask for and receive an increase in your credit limit.
  21. Creditor A person or company who provides credit to another person or company functions as a creditor.
  22. Crossed market A market in a particular stock or option is described as crossed when a bid to buy that stock or option is higher than the offer to sell it, or when an…
  23. cum-dividend A term applied to stock at a time when the purchaser will be entitled to a forthcoming dividend.
  24. Cumulative voting With this method of voting for a corporation's board of directors, you may cast the total number of votes you're entitled to any way you choose.
  25. Cure To bring your credit account current by paying all past due accounts.
  26. Currency A form of money, something (such as coins or bills) generally accepted as a way of measuring value, as a way to trade value, and as a way to pay for goods…
  27. Currency fluctuation A currency has value, or worth, in relation to other currencies and those values change constantly.
  28. Currency swap In a currency swap, the parties to the contract exchange the principal of two different currencies immediately, so that each party has the use of the…
  29. Currency trading The global currency market, where roughly $1.9 trillion a day changes hands, is by far the largest financial market in the world.
  30. Current Assumption Whole Life A variation of universal life insurance, this product involves fixed premiums and fixed death benefits. Its cash value growth depends on market conditions.
  31. Current return Current return, also called current yield, is the amount of interest you earn on a bond in any given year, expressed as a percent of the current market…
  32. Current yield The annual rate of return that an investor purchasing a security at its market price would realize.
  33. Custodial account If you want to make investments on a minor's behalf, or transfer property you own to that person, you can open a custodial account with a bank, brokerage…
  34. Custodian A financial institution, usually a bank or a trust company, that holds a mutual fund's securities and cash in safekeeping.
  35. Custom/Non-factory Equipment Coverage Covers customized features such as those found on conversion vans, as well as non-factory items such as compact disc players, cellular phones or CB radios.
  36. Customer Identification Program (CIP) A program required to prevent financing of terrorist operations and money laundering.
  37. Cut-Off Time A time of day established by a bank for receipt of deposits. After the cut-off time, deposits are considered received on the next banking day.
  38. Cyber Crime Computer crime, or cybercrime, refers to any crime that involves a computer and/or a network, where the computers may or may not have played an…
  39. Cyclical stock Cyclical stocks tend to rise in value during an upturn in the economy and fall during a downturn.