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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A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
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Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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