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When i read financial news, sometimes, there is cX% (where X is a number).

Below are few examples: 1. "improving to c4% on a proforma basis" 2. "market share is now c6% of the ..."

What does that c represent for? Does it mean "Compound Annual Growth Rate"? or "closed to"?

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It stand for "Circa", from Latin. It means "approximately".

http://en.wikipedia.org/wiki/Circa

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