CAT SPREAD
Derivative traded on the Chicago Board of Trade (CBOT) in the form an option on a catastrophe futures contract. Basically, it is a call option spread insurance companies purchase on catastrophe futures contracts. It involves simultaneously buying or selling the call option on an underlying catastrophe contract, and buying and selling same number of options at a higher strike price. Insurance firms use this option to hedge risk coverage of unfortunate events.
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CFP Franc - XPF
Currency of four French overseas collectives including French Polynesia, Futuna, New Caledonia, and Wallis. The Institut d'émission d ...
IRS Publication 575
A document that outlines the tax treatment of distributions from pensions and annuities, as well as the process of reporting income from these dist ...
Homeowners Association Fee - HOA Fee
A fee that has to be paid by owners of a residential property to an organization that helps with maintaining and improving that property.
Deep-Discount Bond
A bond that sells at a significant discount from par value. A bond that is selling at a discount from par value and has a coupon rate significantly ...
Non-Spouse Beneficiary Rollover
A retirement plan asset rollover performed in the event of the death of the account holder, where the recipient is not the spouse of the deceased. ...
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