CHURNING Definition

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CHURNING, in securities, is the frequent trading of an account in order to generate commissions.

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CFM, in finance / accounting, means Certified In Financial Management.

FLOATING RATE NOTE (FRN) is a short-term debt obligation where the interest rate is variable because it is linked to a market rate such as the 3-month T-bill rate or London Interbank Offer Rate (LIBOR).

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