Glossary
Collectibles
Items such as paintings, coins, or antiques that that are of interest to investors primarily because of the expectation that their value will increase over time. In recent years, certain luxury goods—such as cars, watches, and handbags—have also increasingly been recognised as collectibles.
Collective Investment Undertaking
A legal entity or segregated assets established to raise funds from multiple investors, which are invested collectively according to a defined investment policy and strategy. Investors acquire units or shares, bearing the risk and receiving the benefits from the performance of the overall portfolio. Collective investment undertakings are divided into mutual funds and investment companies. They are regulated by the Collective Investment Schemes and Other Collective Investment Undertakings Act and supervised by the Financial Supervision Commission. Their primary purpose is to provide professional management and diversification of investments, thereby reducing the individual risk for investors.
Commercial Bank - glossary for children
A bank that collects money from people and businesses, keeps it safe, and helps them use it for payments, savings, or loans.
Commission
A fee paid to a person or organisation for mediation, rendering a service, or facilitating a transaction. It is usually calculated as a percentage of the transaction value or as a fixed amount agreed upon in advance.
Commission - glossary for children
An extra amount of money paid for a service.
Compensation
The sum of money paid to an injured party in order to restore them to their original position ("make whole") following a loss, damage, or injury.
Complaint
A written or oral statement by a natural or legal person expressing dissatisfaction or objection to the actions, decisions, or services of an institution, authority, enterprise, or individual, requesting an investigation and the taking of measures to resolve the problem or restore infringed rights. For example, if a consumer’s rights have been violated by a trader, they may file a complaint with the Consumer Protection Commission, describing the violation, attaching supporting evidence, and making a specific request for the desired outcome.
Compound Interest
Interest calculated by adding the interest from the previous period to the principal, so that the interest in the next period is calculated on the increased total.
Compound Interest - glossary for children
Interest added to both the original money and the interest already earned.
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