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Glossary term P/S: Price to sales
Glossary term Consumer Advisory Council (CAC): A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice.
Glossary term Grading Certificates: A formal document setting forth the quality of a commodity as determined by authorized inspectors or graders.
Glossary term Pullback: The downward reversal of a prolonged upward price trend.
Glossary term Short-term trend: Erratic price movements that last less than three weeks.