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CUSIP Number 

A nine-character numbering system that is used to identify companies and individual securities in the United States and Canada. More…

Consortium CN

A crossing network (CN) that is established and owned by a consortium- i.e., a number of partners, such as banks,…

Cyclical Stock

A corporate stock which is sensitive to the business cycle, i.e., it edges up (down) rapidly as the economy turns…

Value Effect

A measure that compares the book value of a company to the price of its stock – an inverse of...

BTM Effect

It stands for book-to-market effect; a measure that compares the book value of a company to the price of its...

Book-To-Market Effect

A measure that compares the book value of a company to the price of its stock – an inverse of...

Class “A” Shares

A class of common stock (specifically known as classified stock) that enjoys more voting rights than class “B” shares. The…

Class “B” Shares

A class of common stock (specifically known as classified stock) that enjoys less voting rights than class “A” shares. The…

Synthetic

An artificially created security that combines a financial security (such as a bond, stock, etc) with another asset such as…

Contract Size

In futures and option contracts, it refers to the amount or units of an asset to be delivered as dictated…