the residents who have full control of the property. Copenhagen Stock Exchange The only securitiesexchange in Denmark. It features electronic trading of stocks, bonds, futures, and options. Core capital The capital required of a thrift institution, which must be at least 2% of assets to meet the rules of the Federal Home Loan Bank. Core competence Primary area of expertise. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty. Cornering the market Purchasing a security or commodity in such volume as to achieve control over its price. An illegal practice. C Corporation A corporation that elects to be taxed as a corporation. The C corporation pays federal and state income taxes on earnings. When the earnings are distributed to the shareholders as dividends, this income is subject to another round of taxation (shareholder's income). Essentially, the C corporations' earnings are taxed twice. In contrast, the S corporation's earnings are taxed only once. Corporate acquisition The acquisition of one firm by another firm. Corporate bonds Debtobligationsissued by corporations. Corporate charter A legal document creating a corporation. Corporate equivalent yield A comparison of the after-tax yield of government bonds selling at a discount and corporate bonds selling at par. Corporate finance One of the three areas of the discipline of finance. It deals with the operation of the firm (both the investment decision and the financing decision) from the firm's point of view. Corporate financial management The application of financial principles within a corporation to create and maintain value through decision-making and proper resource management. Corporate financial planning Financial planning conducted by a firm that encompasses preparation of both long-and short-termfinancial plans. Corporate financing committee A committee of the NASD that reviews underwriters'SEC-required documents to ensure that proposed markups are fair and in the publicinterest. Corporate income fund (CIF) A unit investment trust featuring a fixed portfolio of high-gradesecurities and other investments, usually with monthly distribution of income. Corporate processing float The time that elapses between receipt of payment from a customer and the deposit of the customer's check in the firm's bank account; the time required to process customer payments. Corporate repurchase Activebuying by a corporation of its own stock in the marketplace. Reasons for repurchase include putting idle cash to use, raising EPS, creating support for a stock price, increasing internal control (shark repellant), or stock for ESOP or pension plans. Repurchase is subject to rules, such as that buying must be on a zero minus or a minus tick, after the opening and before 3:30 p.m. Corporate tax view The argument that double (corporate and individual) taxation of equity returns makes debt a cheaper financing method. Corporate taxable equivalent Rate of return required on a par bond to produce the same after-tax yield to maturity that the quoted premium or discount bond would generate. Corporate Trust The function of servicing and maintaining records for debt securities issued by a corporation. Corporation A legal entity that is separate and distinct from its owners. A corporation is allowed to own assets, incur liabilities, and sell securities,