Disgorgement
What is Disgorgement? In legal terms, disgorgement is an action where something is given up – namely, profits – because they were obtained illegally or unethically. The court system orders the individual or entity to give up such profits to prevent them from making unfair financial gains. Disgorgement is not a form of punishment, but...
Capital Markets Research Career Profile
What is a Capital Markets Research Analyst? Capital markets research is a sell-side career path within the capital markets division at an investment bank. A research analyst provides research coverage of various markets and asset classes, offering detailed financial analysis and market insights to the bank’s clients. These clients are buy-side institutional investors who manage...
Canadian Securities Course (CSC)
What is the Canadian Securities Course (CSC)? The Canadian Securities Course (CSC) is the first requirement for becoming a registered investment representative in Canada, which applies to some corporate finance careers. Passing the CSC requires writing two exams (part 1 and part 2) that must be completed within 365 days of registering for the course. It’s recommended...
Fixed Income Glossary
Fixed Income Glossary This fixed income glossary covers the most important bond terms and definitions required for financial analysts. These terms are covered in detail in CFI’s Fixed Income Fundamentals Course. Annuity An annuity is a series of payments in equal time periods, guaranteed for a fixed number of years. Arithmetic Mean An average calculated...
American Depositary Receipts (ADR)
What are American Depositary Receipts (ADR)? American Depositary Receipts (ADR) are negotiable security instruments that are issued by a US bank that represent a specific number of shares in a foreign company that is traded in US financial markets. ADRs pay dividends in US dollars and trade like regular shares of stock. Companies can now purchase...
