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GLOSSARY
Certified Divorce Financial Analyst - CDFA
A Certified Divorce Financial Analyst (CDFA) is a personal finance professional who specializes in divorce. CDFA requirements include a minimum level of work experience, membership in the Institute for Divorce Financial Analysts, and completion of specific coursework. CDFAs may assist in mediation and financial planning among other things.
Certified Financial Divorce Practitioner - CFDP
A Certified Financial Divorce Practitioner (CFDP) is a financial professional who specializes in planning for and managing the financial issues surrounding divorce. The CFDP must be a member of the Academy of Financial Divorce Practitioners, and must complete specific coursework before receiving the designation.
Certified Fund Specialist - CFS
A Certified Fund Specialist (CFS) is a financial professional who specializes in mutual funds and mutual fund investing. To obtain the CFS designation, an individual must complete self-study training provided by the Institute of Business & Finance.
Certified Senior Consultant - CSC
A Certified Senior Consultant (CSC) is a financial planning professional who specializes in assisting seniors. To receive the CSC designation, the professional must complete a self-study course offered by the Institute of Business & Finance. Continuing education is also required in each of the first five years following certification.
Chain of title
It is a documented analysis of all transfer titles on properties having taken place from the first one to the most recent.
Change frequency
Change frequency is the period of time between scheduled adjustments to the interest rate on an adjustable-rate mortgage.
Change order
A change order is a written authorization to amend a contract; the term is commonly used during building construction to document changes to the building plans.
Chapter 10
Chapter 10 refers to the section of the U.S. Bankruptcy Code that defines a type of court protection for insolvent entities. In Chapter 10 bankruptcy filings, the insolvent entity is reorganized by an independent, court-appointed consultant.
Chapter 11
Chapter 11 refers to a section of the U.S. Bankruptcy Code that defines a type of court protection for insolvent entities or individuals. In Chapter 11 bankruptcy filings, the insolvent party is allowed to create and implement the reorganization plan.
Chapter 12
Chapter 12 refers to a section of the U.S. Bankruptcy Code that defines a type of court protection designed for insolvent farms and fisheries. In Chapter 12 bankruptcy filings, the owner of the farm or fishery will negotiate a repayment plan with the bankruptcy trustee and creditors.
Chapter 13
Chapter 13 refers to a section of the U.S. Bankruptcy Code that defines a type of court protection for insolvent individuals. In Chapter 13 bankruptcy filings, the insolvent person is allowed, under supervision, to keep his or her property and repay outstanding debts over several years.
Chapter 7
Chapter 7 refers to a section of the U.S. Bankruptcy Code that defines a type of court protection for insolvent individuals or entities. In Chapter 7 bankruptcy filings, the insolvent entity's property is sold off, and the proceeds are used to pay creditors. When the insolvent entity is a company, the secured creditors are paid first, followed by unsecured creditors and, lastly, investors.
Chapter 9
Chapter 9 refers to a section of the U.S. Bankruptcy Code that defines a type of court protection for insolvent municipalities. In Chapter 9 bankruptcy filings, the insolvent municipality and its creditors must negotiate a repayment plan.
Character loan
A character loan is a debt facility that's approved on the strength of the borrower's personal characteristics, such as reputation and credit history, rather than that borrower's financial qualifications.
Charge card
A charge card is a short-term credit account that requires full payment of the balance by the due date. The cardholder isn't allowed to carry debt balances over into the next billing period.