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CREFTI
* Finance: An easy acronym suitable for identifying NON-EXEMPT SECURITIES, that can be used during the Uniform Securities Examination, Series 63 Exams.
*How it works: You the acronym "C4. R. E. F.T.I." or simply "Crefti" each time one is asked figure out which security will be exempt from state registration. The definition of CREFTI is for non-exempt securities. ANY SECURITY ON THIS LIST MUST BE REGISTERED AT THE STATE LEVEL.
Non-Exempt securities (MUST register):
*C- Currency
*C- Condos
*C- Collectibles
*C- Commodity Futures
*R- Residence
*E- Endowments
*F- Fixed Annuities
*T-Traditional (Whole ) Insurance
*I -IRA or Keogh plans
(Hint: any security not on this list IS either an exempt or Federal Covered security, thus need not register at the State level)
*How it works: You the acronym "C4. R. E. F.T.I." or simply "Crefti" each time one is asked figure out which security will be exempt from state registration. The definition of CREFTI is for non-exempt securities. ANY SECURITY ON THIS LIST MUST BE REGISTERED AT THE STATE LEVEL.
Non-Exempt securities (MUST register):
*C- Currency
*C- Condos
*C- Collectibles
*C- Commodity Futures
*R- Residence
*E- Endowments
*F- Fixed Annuities
*T-Traditional (Whole ) Insurance
*I -IRA or Keogh plans
(Hint: any security not on this list IS either an exempt or Federal Covered security, thus need not register at the State level)
Example:" According to the provisions given under NSMIA and the Uniform Securities Act, which of the following securities my be registered with the State Administrator....(long list of securities provided)
Answer: Use CREFTI --anything NOT on this list is exempt from registration! (Bingo!)
Answer: Use CREFTI --anything NOT on this list is exempt from registration! (Bingo!)
CREFTI by Peter Afari August 14, 2009
Jean Chretien
1. One who attempts to "Prove the Proof" because a "Proof is a Proof" and when you have a "Good Proof", "It's Proven"
2. Is repeatedy the recipient of political satire from "The Royal Canadian Air Farce", "This Hour has 22 Minutes" and CNN.
2. Is repeatedy the recipient of political satire from "The Royal Canadian Air Farce", "This Hour has 22 Minutes" and CNN.
Jean Chretien by Matt December 5, 2003
cheftestant
Competitor on a cooking show. Coined by recapper Keckler on televisionwithoutpity.com, it is the combination of the words "chef" and "contestant." Inspired by Bravo channel's "Top Chef."
cheftestant by missmez July 25, 2007
chieftain
1. a tough guy, a superstar. Basically used to refer either ironically or jokingly to one of your boys. 2. Alternately may be used to refer to a guy whose name you forgot.
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