The current account of the country
A country's balance of payments - its financial position relative to the world - consists of a current account and a capital account...

Cov-lite is
used to describe a loan in which the lender, usually a bank, does not impose standard conditions on the borrower...

Covered bonds
A bond is an IOU issued by a company, usually offering a fixed interest rate and a fixed maturity by the issuer.

Credit Default Swap
Any bondholder faces two main risks. The first is the price drop, the second is the bankruptcy of the issuer...


Credit event
Credit events are an important aspect of a credit default swap, or CDS…

Credit rating
Most of the bonds have been assigned a credit rating to indicate to the investor the likelihood of a subsequent default.

Credit spread
When governments borrow - by selling "lead" in the UK and "treasury bonds" in the US - they offer the buyer a low annual yield, or "yield," because there is virtually no risk of default...

Currency risk
This is the type of risk that arises from a change in the price of one currency relative to another...

Current account surplus/deficit
This is an indicator of one country's position relative to the rest of the world in terms of imports and exports...

Cyclical stocks
Cyclical stocks are highly dependent on the economic cycle - they feel good when the economy is booming, but very bad when it is falling off a cliff...

Cyclically adjustable price/profit ratio (Cape)
The classic price/earnings ratio is the ratio between the current stock price and annual earnings, usually for the last year, or a forecast for the year ahead...

Daily reassessment
Daily revaluation is a feature of exchange-traded funds (ETFs) that can affect your expected returns, especially on reverse products.

Dark Pools of Liquidity
"Dark pools" encompass any stock trading conducted directly between investment institutions such as banks and hedge funds, rather than through a regulated exchange.


The DAX is Germany's blue-chip index, the most cyclical of the major Western indexes, with almost 80% of it falling on economically vulnerable industries.

Swaps share transactions
When debt is exchanged for shares, part of the company's debt is cancelled, and shares are provided to creditors.

Debt swap
There are several possible ways to exchange debt. However, the goal is usually the same - to refinance the borrower and strengthen his balance sheet.

The ratio of borrowed capital to equity
The debt-to-equity ratio of a company is simply the level of its debt (of any type of borrowed money) divided by equity (the money of shareholders in the business).

Debtor and Creditor Days
Investors looking for signs of a firm's commercial strength can look at how quickly it pays customers and suppliers. Discover CCTV Rush Hour and start playing today.