Guaranteed Personal Loan
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A system of voting for directors of a corporation in which shareholders total number of votes is equal to his
number of shares held times the number of candidates. 
 
Curb, the 
 
Used for listed equity securities. American Stock Exchange (A.M.E.X.). 
 
Currency 
 
Money. 
 
Currency arbitrage 
 
Taking advantage of divergences in exchange rates in different money markets by buying a currency in one
market and selling it in another market. 
 
Currency basket 
 
The value of a portfolio of specific amounts of individual currencies, used as the basis for setting the market
value of another currency. It is also referred to as a currency cocktail. 
 
Currency future 
 
A financial future contract for the delivery of a specified foreign currency. 
 
Currency hedge 
 
Mainly applies to international equities. Hedging technique to guard against foreign exchange fluctuations
(i.e., short Euro l00 mm when holding a long position of Euro l00 mm in stocks). 
 
Currency option 
 
An option to buy or sell a foreign currency. 
 
Currency overvaluation 
 
Mainly applies to international equities. 1) Consideration that a currency is overvalued if private demand for
the currency at the going exchange rate is less than total private supply (i.e., Central banks are buying up
the difference, supporting the value of the currency through foreign exchange intervention); 2) Currency
value exceeding purchasing power parity. 
 
Currency risk 
 
Related: Exchange rate risk 
 
Currency risk sharing 
 
An agreement by the parties to a transaction to share the currency risk associated with the transaction. The
arrangement involves a customized hedge contract embedded in the underlying transaction. 
 
Currency selection 
 
Asset allocation in which the investor chooses among investments denominated in different currencies. 
 
Currency swap