Archives: Terms

Definition of Co-Insurance Co-insurance is a type of insurance in which the insured person and the insurance company share the costs of covered healthcare services, typically after the insured has met their deductible. The co-insurance rate is often expressed as a percentage. For example, if you have an 80/20 co-insurance, […]

Definition of CME Group CME Group Inc. stands as a global cornerstone in the financial world, representing the fusion of four major futures exchanges: the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX), and the Commodity Exchange, Inc. (COMEX). Together, these entities […]

Definition of Clustering Clustering refers to the process of grouping a set of objects in such a way that objects in the same group, known as a cluster, are more similar to each other in some sense than to those in other groups. In economics and finance, clustering can refer […]

Definition of the Club of Rome The Club of Rome is an organization composed of thinkers, economists, scientists, and business leaders from around the globe. It was created in April 1968 to address the multiple crises facing humanity and the planet. The Club of Rome aims to promote understanding of […]

Definition of Closed Shop A closed shop is a form of union security agreement where the employer agrees to hire union members only, and employees must remain members of the union at all times in order to remain employed. This means that in a closed shop, union membership is a […]

Definition of Cliometrics Cliometrics, also known as econometric history, is a quantitative approach to economic history that integrates historical data with economic theory and statistical methods. This discipline seeks to objectively measure and understand the economic phenomena of the past, using the rigor of modern economic analysis. Through this approach, […]

Definition of Clearing House A clearing house acts as an intermediary between buyers and sellers in financial markets, ensuring the smooth and proper execution of transactions. Its primary role is to reduce the risk associated with transactions by ensuring that buyers and sellers fulfill their financial obligations. This process includes […]

Definition of Clearing Bank A clearing bank refers to a financial institution that facilitates the exchange of payments, securities, or derivatives transactions among banks. These banks ensure that transactions are settled accurately and efficiently, acting as intermediaries between the buying and selling parties. In essence, clearing banks are crucial components […]

Definition of Clearing Clearing refers to the process of reconciling purchases and sales of various financial instruments, including securities, derivatives, and payment instructions. It involves the updating of accounts of the trading parties and arranges for the transfer of funds and securities. Clearing is a crucial step in ensuring the […]

Definition of Clean Floating Exchange Rate A clean floating exchange rate is a type of exchange rate regime where the value of a currency is determined purely by the supply and demand forces in the foreign exchange market, without any intervention by the country’s government or central bank. Under this […]