A professional designation awarded by the Center for Financial Certifications to debt settlement professionals who pass a certification exam. Successful applicants earn the right to use the CCDS designation with their names, which can improve job opportunities, professional reputation and pay. Every two years, CCDS professionals must complete 20 hours of continuing education and pay a fee to retain the designation. |||CCDS applicants study debt settlement and personal finance management (including budgeting, evaluating debt loads, setting and achieving financial goals, planning to eliminate/avoid debt, investing, retirement and insurance). Also, applicants must develop communication, counseling and negotiation skills to negotiate on behalf of their clients. CCDS professionals should also be familiar with consumer protection laws.
A bid that can be entered in the Nasdaq system to stabilize the price of a Nasdaq security prior to the date of a secondary offering. A secondary offering increases the float. Therefore, stock prices of that security may fluctuate; a syndicate bid tries to stabilize this.
The percentage of a fund's average net assets that is used to cover the annual operating expenses of managing a mutual fund before reimbursements are made to the fund by managers.Also known as the "gross expense ratio". A mutual fund's operating expenses include management fees, transaction costs and other business costs. Some of these expenses may be reimbursed by management. Reimbursed fees often include indirect fees such as transaction costs from dealing with other mutual funds, transaction costs associated with exchange traded funds, or the dividends paid out from a short position on an asset.Reimbursements also occur when a fund's expense ratio is limited. In capped funds, an expense limit is created to place a ceiling on the charges to the fund's shareholders. The limit is often expressed as a percentage and is a highlighted in the fund's prospectus.
The point at which an investor decides whether or not a particular security is worth purchasing. The cutoff point is very subjective and will be based on the personal characteristics of the individual investor. Some examples of personal characteristics that may determine the cutoff point include the investor's required rate of return and his or her risk aversion level. Because cutoff points are largely subjective, they will vary widely among investors. For example, if an investor has a lower required rate of return, he or she will likely pay more for the same security than a person with a higher required rate of return. This translates into a higher cutoff point for the first investor.A cutoff point may also be considered a good "rule of thumb" when considering particular securities, as it may help the investor make more consistent investment decisions.
A certification indicating expertise and commitment to fixed-rate and variable annuities. Individuals with the CAS designation offer clients expert advice in regards to investment opportunities in annuities. |||The CAS designation is issued by the Institute of Business & Finance through a six-module, 60-hour course and requires 15 hours per year of continuing education for the first five years following certification. The course includes an open-book case study as well as a final exam administered by the NASD.
A type of business model that facilitates interaction between customers. Customer to customer businesses provide individuals with a place to converse, exchange and interact with other people.Also sometimes referred to as "C2C". Many C2C businesses have online operations. online auctions and classifieds such as Ebay and Craig's List are examples of very successful customer to customer business models. These sites don't look to directly sell goods to their members, instead the customers are exchanging with other customers.
An investment vehicle offered by certain institutions that guarantees the investor's initial capital investment from any losses. Even though these products prevent investors from losing their invested capital, they also limit the amount of return that investors can obtain if the investments appreciate. This is how the offering institutions can afford to guarantee the principal investment.
1. In mutual funds, the process of transferring an investment from one fund to another. 2. In securities, the process of liquidating a position in exchange for other securities with better prospects for growth, yields or capital gains. 1. Investors may switch their assets between funds in the same family or into a different family entirely. Generally, no-load funds do not charge for these transactions. However, some brokerages may charge a commission. 2. When investors switch securities, they essentially use the cash received from the liquidation of their initial securities to purchase new securities. In futures, an investor will switch futures contracts by closing an open position and simultaneously entering a new, similar futures contract with a longer maturity.
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