The document evidencing mortgagesecurity required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time (ie. cash, inventory, etc.), which become a Fixed Charge after a default. Charge off See: Bad debt Charitable remainder trust An irrevocable trust that pays income to a designated person or persons until the grantor's death, when the income is passed on to a designated charity. A charitable lead trust by contrast allows the charity to receive income during the grantor's life, and the remaining income to pass to designated family members upon the grantor's death. Charter See: Articles of incorporation Charter Amendment Limitations These provisions limit shareholders' ability to amend the governing documents of the corporation. This might take the form of a supermajority vote requirement for charter or bylaw amendments, total elimination of the ability of shareholders to amend the bylaws, or the ability of directors beyond the provisions of state law to amend the bylaws without shareholder approval. Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. Chartists A technical analyst who charts the patterns of stocks, bonds, and commodities to find trends in patterns of trading used to advise clients. Related: Technical analysts. Chasing the market Purchasing a security at a higher price than expected because prices are rapidly climbing, or selling a security at a lower level when prices are quickly falling. Chastity bonds Bondsredeemable at par value in the case of a takeover. Chatter See: Whipsawed Chattel Mortgage A loan agreement that grants to the lender a lien on property other than real estate. Chattel is personal or movable property. Cheapest to deliver issue The acceptable Treasury security with the highest implied repo rate; the rate that a seller of a futures contract can earn by buying an issue and then delivering it at the settlement date. Check A bill of exchange representing a draft on a bank from deposited funds that pays a certain sum of money to a certain person or party. Check clearing The movement of a check from the depository institution at which it was deposited back to the institution on which it was written; the movement of funds in the opposite direction and the corresponding credit and debit to the involved accounts. The Federal Reserve operates a nationwide check-clearing system. Checking the market Searching for bid and offer prices from market makers to find the best deal. Chicago Board Options Exchange (CBOE) A securities exchange created in the early 1970s for the public trading of standardized optioncontracts. Primary place for the trading of stockoptions,foreign currency options, and index options (S&P 100, 500, and OTC 250 index) Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. Chicago Mercantile Exchange (CME) Chicago Mercantile Exchange (CME)