Managed Futures. Common-base-year analysis The representing of accounting information over multiple years as percentages of amounts in an initial year. Common code A nine-digit identification code issued jointly by CEDEL and Euroclear. As of January 1991 common codes replaced the earlier separate CEDEL and Euroclear codes. Common factor An element of return that influences many assets. According to multiple factor risk models, the factors determine correlations between asset returns. Common factors include size (often measured by market capitalization), valuation measures such as price to book value ratio and dividend yield, industries and risk indices. Common market An agreement between two or more countries that permits the free movement of capital and labor as well as goods and services. Common shares In general, a publiccorporation has two types of shares, common and preferred. The common shares usually entitle the shareholders to vote at shareholders meetings. The common shares have a discretionary dividend. Common-size analysis The representing of balance sheet items as percentages of assets and of income statement items as percentages of sales. Common-size statement A statement in which all items are expressed as a percentage of a base figure, useful for purposes of analyzing trends and changing relationship among financial statement items. For example, all items in each year's income statement could be presented as a percentage of netsales. Common stock Securities that represent equity ownership in a company. Common shares let an investor vote on such matters as the election of directors. They also give the holder a share in a company's profits via dividend payments or the capital appreciation of the security. Units of ownership of a publiccorporation with junior status to the claims of secured/unsecured creditors, bondholders and preferred shareholders in the event of liquidation. Common stock equivalent A convertible security that is traded like an equityissue because the optioned common stock is trading above the conversion price. Common stock fund A mutual fundinvesting only in common stock. Common stock market The market for trading equities, not including preferred stock. Common stock/other equity Value of outstandingcommon shares at par, plus accumulatedretained earnings. Also called shareholders' equity. Common stock ratios Ratios that are designed to measure the relative claims of stockholders to earnings (cash flow per share), and equity ( book value per share) of a firm. Commonwealth Development Corp A British development finance institute. Comnmunity Bank A smaller bank that is regulated by the Office of the Comptroller of Currency (OCC).Currently, there is no official definition of Community Bank, i.e. in terms of asset size. Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. Companion bonds A class of a Collateralized Mortgage Obligation (CMO) whose principal is paid off first when the underlyingmortgages are prepaid due to falling interest rates. When interest rates rise, there will be lower prepayments of the principal; companion bonds therefore absorb most of the prepayment risk of a CMO. Company A proprietorship,