Guaranteed Personal Loan
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Cash markets 
 
Also called spot markets, these are markets that involve the immediate delivery of a security or instrument.
Related: Derivative markets. 
 
Cash offer 
 
Often used in risk arbitrage. Proposal, either hostile or friendly, to acquire a target company through the
payment of cash for the stock of the target. Compare to exchange offer. 
 
Cashout 
 
Refers to a situation where a firm runs out of cash and cannot readily sell marketable securities. 
 
Cash plus convertible 
 
Mainly applies to convertible securities. Convertible bond which requires cash payment upon conversion. 
 
Cash price 
 
Applies to derivative products. See: Spot price. 
 
Cash ratio 
 
The proportion of a firms assets held as cash. 
 
Cash sale/settlement 
 
Used in the context of general equities. Transaction in which the contract is settled on the same day as the
trade date, or next day if the trade is after 2:30 p.m. E.S.T. And the parties agree to this procedure. Often
settled in this way because a party is strapped for cash and cannot wait until the regular, five business day,
settlement. See: Settlement date. 
 
Cash settlement contracts 
 
Futures contracts, such as stock glossary futures, that settle for cash, not involving the delivery of the
underlying. 
 
Cash-surrender value 
 
The amount an insurance company will pay if the policyholder ends a whole life insurance policy. 
 
Cash transaction 
 
A transaction where exchange is immediate, as contrasted to a forward contract, which calls for future
delivery of an asset at an agreed-upon price. 
 
CBOE 
 
See: Chicago Board Options Exchange 
 
CD 
 
See: Certificate of deposit 
 
CDN