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Glossary of financial terms - Letter A

  • a-better-life-experience (ABLE) account

    Tags:  investments personal finance

    Country:   United States of America

    A type of tax-advantaged savings account in the United States which is a available to individuals diagnosed with significant disabilities before the age of 26.

     


  • A/B

    Tags:  corporate finance status

    Country:   Sweden

    See  


  • A/C

    Tags:  concept finance (general)

    See  


  • A/D

    Tags:  metric technical analysis

    See  


  • A/D line

    Tags:  metric technical analysis

    See  


  • AA

    Tags:  concept insurances

    See  


  • AA

    Tags:  derivatives transaction settlement

    See  


  • AAA

    Tags:  interest rate instruments valuation and pricing

    See  


  • AAA

    Tags:  accounting professional associations

    Country:   United States of America

    See  


  • AAA

    Tags:  interest rate markets valuation and pricing

    See  


  • AAA

    Tags:  activities and occupations organisations or institutions

    Country:   United States of America

    See  


  • AAA-CPA

    Tags:  accounting professional associations

    Country:   United States of America

    See  


  • AACB

    Tags:  central banks professional associations

    See  


  • AAF

    Tags:  asset management financial instruments

    See  


  • AAGR

    Tags:  pricing and analysis time value of money

    See  


  • AAI

    Tags:  insurances professional associations

    Country:   United States of America

    See  


  • AAI

    Tags:  insurances professional curricula

    Country:   United States of America

    See  


  • AAII

    Tags:  investments professional associations

    Country:   United States of America

    See  


  • AAM

    Tags:  activities and occupations asset management

    See  


  • AAMS

    Tags:  finance (general) professional curricula

    Country:   United States of America

    See  


  • AAPA

    Tags:  accounting professional associations

    Country:   United Kingdom

    See  


  • AAR

    Tags:  pricing and analysis time value of money

    See  


  • AAR

    Tags:  concept insurances

    See  


  • AARP

    Tags:  economy organisations or institutions

    Country:   United States of America

    See  


  • AARR

    Tags:  concept financial analysis

    See  


  • AAW

    Tags:  advertisement and marketing professional associations

    Country:   United States of America

    See  


  • AB

    Tags:  corporate finance status

    Country:   Sweden

    See  


  • ABA

    Tags:  financial system organisations or institutions

    Country:   United States of America

    See  


  • abandon

    Tags:  events options

    In options trading, abandon means the choice not to exercise or offset a long position.

     


  • abandonment

    Tags:  concept options

    In option trading, abandonment is situation where the holder of an option lets it expire without exercising it.

     


  • abandonment option

    Tags:  concept investments

    Abadonment option is the contractual right to terminate an investment earlier than originally planned.

     


  • ABB

    Tags:  financial markets security issuance

    See  


  • ABB

    Tags:  concept corporate finance

    See  


  • ABBL

    Tags:  financial system professional associations

    Country:   Luxembourg

    See  


  • ABC

    Tags:  concept corporate finance

    See  


  • ABCDS

    Tags:  credit derivatives financial instruments

    See  


  • ABCP

    Tag:  money market instruments

    See  


  • ABEM

    Tags:  concept finance (general)

    See  


  • ABF

    Tags:  corporate finance financing

    See  


  • ABF

    Tags:  asset management financial instruments

    See  


  • ABI

    Tags:  insurances professional associations

    Country:   United Kingdom

    See  


  • ABI

    Tags:  economy organisations or institutions

    Country:   United States of America

    See  


  • ABI

    Tags:  metric technical analysis

    See  


  • ABL

    Tags:  corporate finance financing

    See  


  • ABLE

    Tags:  investments personal finance

    Country:   United States of America

    See  


  • ABM

    Tags:  concept corporate finance

    See  


  • ABO

    Tags:  concept personal finance

    Country:   United States of America

    See  


  • above par

    Tags:  financial instruments market quotation

    Expression used for describing the quotation of a financial instrument for which the market price is higher than the instrument's face value.

     


  • ABS

    Tags:  bond markets quoting and negotiation systems

    Country:   United States of America

    See  


  • ABS

    Tags:  financial instruments securitisation

    See  


  • ABS

    Tags:  economy government agencies

    Country:   Australia

    See  


  • Absolute Breadth Index (ABI)

    Tags:  concept technical analysis

    The ABI is a market indicator used in technical analysis which gauges the level of volatility in the market without taking into account direction of the price movement.

     


  • ABSPP

    Tags:  mechanism monetary policy

    See  


  • Abu Dhabi Investment Authority (ADIA)

    Tags:  central banks organisations or institutions

    Country:   United Arab Emirates

    The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi. Its purpose is to investing funds on behalf of the Government of the Emirate.

     


  • Abu Dhabi Investment Council (ADIC)

    Tags:  central banks organisations or institutions

    Country:   United Arab Emirates

    The Abu Dhabi Investment Council is an investment arm of the Government of Abu Dhabi. It is responsible for investing part of the government's surplus financial resources.

     


  • ABV

    Tags:  professional curricula status

    Country:   United States of America

    See  


  • AC-DC option

    Tags:  options typology

    An AC-DC option is an exotic option where the holder gets to choose at a future date whether it becomes either a call or a put option.

     


  • ACAMS

    Tags:  professional associations regulation

    See  


  • ACAT

    Tags:  financial markets transaction settlement

    See  


  • ACATS

    Tags:  electronic systems transaction settlement

    See  


  • ACB

    Tags:  financial instruments securitisation

    See  


  • ACB

    Tags:  concept taxation

    See  


  • ACB

    Tags:  advertisement and marketing organisations or institutions

    Country:   United States of America

    See  


  • ACC

    Tags:  concept investments

    See  


  • ACCA

    Tags:  professional curricula status

    See  


  • ACCA

    Tags:  accounting professional associations

    See  


  • accelerated bookbuilding (ABB)

    Tags:  concept security issuance

    A method of offering new shares in which, as its name suggests, the bookbuilding process is completed in a very short period of time, usually between 1 and 2 days. There is very little marketing effort involved, if any.

     


  • accelerated cost recovery system (ACRS)

    Tags:  concept taxation

    Country:   United States of America

    Federal tax break in the United States between 1981 and 1986.

     


  • accelerated death benefit (ADB)

    Tags:  concept insurances

    An accelerated death benefit (ADB) allows the holder of a life insurance policy to receive cash advances against the contractual death benefit, if diagnosed with terminal illness.

     


  • ACCESS

    Tags:  electronic systems transaction settlement

    Countries:   Canada, United States of America

    See  


  • Accidental Death and Dismemberment Insurance (AD&D)

    Tags:  concept insurances

    Additional clause to a health insurance or life insurance policy, which covers the unintentional death or dismemberment of the insured.

     


  • account

    Tags:  concept finance (general)

    Continuous register of incoming and outgoing financial movements resulting in a deposit or debt an individual or legal entity has with a financial institution.

     


  • Accountant International Study Group (AISG)

    Tags:  accounting organisations for standardisation

    The Accountant International Study Group (AISG) was an organisation formed in 1966 that studied the differences in accounting practices between various countries. It was absorbed into the International Accounting Standards Committee (IASC) in 1973.

     


  • accounting information system (AIS)

    Tags:  accounting electronic systems

    A system which collects, stores, and processes financial and accounting information.

     


  • Accounting Standards Executive Committee (AcSEC)

    Tags:  accounting organisations for standardisation

    See  


  • accounts receivable (AR)

    Tags:  accounting concept

    Any money a company is due to be paid for merchandise or securities that it has sold, or for services it has rendered.

     


  • Accredited Adviser in Insurance (AAI)

    Tags:  insurances professional curricula

    An advanced professional designation for insurance producers in the United States, which is earned after having passed a series of national exams.

     


  • Accredited Asset Management Specialist (AAMS)

    Tags:  insurances professional curricula

    Professional designation for finance professionals in the United States. It is awarded upon the successful completion of a self-study program and the passing of an exam.

     


  • Accredited Domestic Partnership Advisor (ADPA)

    Tags:  professional curricula status

    Designation given to individuals in the United States who have completed a course of study and examination on the subjects of wealth transfer, federal taxation, retirement planning, and planning for financial and medical end-of-life needs.

     


  • Accredited in Business Valuation (ABV)

    Tags:  professional curricula status

    Professional designation awarded by the AICPA to CPAs who specialise in the calculation of the value of businesses.

     


  • accreting principal swap

    Tags:  financial instruments interest rate derivatives

    An accreting principal swap is a swap for which the notional amount (principal) increases during its life. It is thus the opposite of an amortising swap.

     


  • accreting swap

    Tags:  financial instruments interest rate derivatives

    See  


  • accrual bond

    Tags:  bonds typology

    An accrual bond is a bond on which interest accrues rather than being paid out. Accrual bonds are very similar to zero-coupon bonds.

     


  • accrual note

    Tags:  bonds typology

    An accrual note is a bond that accrues interest only on days on which an index rate (e.g. a LIBOR rate) remains within a certain range, or fixes either beneath or below a certain level.

     


  • accrual swap

    Tags:  financial instruments interest rate derivatives

    Form of interest rate swap where accrual of interest is subject to the value of a floating rate reference being within predetermined lower and upper bands.

     


  • accrued interest

    Tags:  interest rate instruments valuation and pricing

    Accrued interest is interest which has accumulated and is due but not yet been paid or received.

     


  • accumulated benefit obligation (ABO)

    Tags:  concept personal finance

    The accumulated benefit obligation is the present value of the pension liabilities of a company on behalf of its employees. The value of future changes in employee compensation is not taken into consideration.

     


  • accumulated dividend

    Tags:  equities valuation and pricing

    Accumulated dividend is dividend that is due, but has not yet been paid.

     


  • accumulation

    Tags:  concept corporate finance

    In the context of corporate finance, the term accumulation refers to the incorporation of profits into the capital base of the company rather than distributing them to the shareholders as dividend.

     


  • accumulation fund

    Tags:  asset management typology

    An accumulation fund is a mutual fund which reinvests the income (dividends and interest mainly) collected from the securities it holds to acquire new assets and thus increasing the value of its shares instead of distributing it to its shareholders.

     


  • ACCVM

    Tags:  financial system professional associations

    Country:   Canada

    See  


  • ACER

    Tags:  organisations or institutions regulation

    Territory:   European Union

    See  


  • ACES

    Tags:  financial markets quoting and negotiation systems

    Country:   United States of America

    See  


  • ACG

    Tags:  advertisement and marketing documents and publications

    Country:   United States of America

    See  


  • ACH

    Tags:  financial markets transaction settlement

    Country:   United States of America

    See  


  • ACI

    Tags:  foreign exchange market professional associations

    See  


  • ACI - The Financial Markets Association (ACI)

    Tags:  financial markets professional associations

    ACI Financial Markets Association (ACI) is a leading global trade association representing the interests of the financial markets community.

     


  • ACIB

    Tags:  professional curricula status

    Country:   United Kingdom

    See  


  • acid test

    Tags:  corporate finance valuation and pricing

    See  


  • ACP

    Tags:  economy group of countries

    See  


  • acquired fund fees and expenses (AFFE)

    Tags:  accounting commissions and fees

    Term describing the operating expenses of underlying funds in a

    . This information is part of the fees and expenses displayed in the fund's prospectus.

     


  • acquisition

    Tags:  corporate finance mechanism

    The act of one company being bought by another.

     


  • ACRS

    Tags:  concept taxation

    See  


  • ACS

    Tags:  economy group of countries

    See  


  • ACS

    Tags:  bonds valuation and pricing

    See  


  • AcSEC

    Tags:  accounting organisations for standardisation

    Country:   United States of America

    See  


  • ACSI

    Tags:  economy indicators

    Country:   United States of America

    See  


  • ACT

    Tags:  electronic systems transaction settlement

    Country:   United States of America

    See  


  • ACT

    Tags:  corporate finance taxation

    Country:   United Kingdom

    See  


  • act/365

    Tags:  financial instruments market conventions

    See  


  • Act/act

    Tags:  financial instruments market conventions

    See  


  • Act/nAct

    Tags:  financial instruments market conventions

    See  


  • active return

    Tags:  asset management valuation and pricing

    Active return, sometimes also called total attribution, is the component of a portfolio's performance that arises from the fact that the portfolio is actively managed. It can be described as the difference between the portfolio's return and the return of its selected benchmark.

     


  • activities of daily living (ADL)

    Tags:  concept economy

    Activities of daily living (ADL) are basic routine activities which individuals accomplish every day without assistance.

     


  • activity-based budgeting (ABB)

    Tags:  concept corporate finance

    Activity-based budgeting is a budgeting method where costs are associated with corporate activities, and expenditures are then budgeted based on the expected level of activity.

     


  • activity-based costing (ABC)

    Tags:  concept corporate finance

    Activity-based costing is a method for the allocation of overhead costs to corporate activities. It has been developed in the United States from 1985 onwards.

     


  • activity-based management (ABM)

    Tags:  concept corporate finance

    Activity-based management (ABM) is a method for analysing the processes of a business in order to identify its strengths and weaknesses.

     


  • Actual/360

    Tags:  financial instruments market conventions

    See  


  • actuals

    Tags:  derivatives transaction settlement

    The physical or underlying cash asset of a derivative instrument.

     


  • ACWI

    Tags:  indices stock markets

    See  


  • AD

    Tags:  metric technical analysis

    See  


  • AD&D

    Tags:  concept insurances

    See  


  • ADA

    Tags:  accounting concept

    See  


  • adaptive market hypothesis (AMH)

    Tags:  concept finance (general)

    The adaptive market hypothesis is a theory which attempts to reconcile economic theories based on the efficient market hypothesis with behavioural economics, by applying the evolutionary principles of competition, adaptation and natural selection to financial interactions.

     


  • ADB

    Tags:  concept insurances

    See  


  • ADB

    Tags:  market transactions valuation and pricing

    See  


  • ADB

    Tags:  financial system supranational bodies

    See  


  • ADC

    Tags:  concept economy

    See  


  • additional matching field (AMF)

    Tags:  post-negotiation transaction settlement

    In T2S, additional matching fields are fields from a SWIFT message which initially are not mandatory, but become mandatory if one of the counterparties provides a value for them in its instruction.

     


  • additional paid-in capital (APIC)

    Tags:  accounting concept

    The term additional paid-in capital describes the part of the payment received from investors, during an IPO or a capital raise, which exceeds the par value of the stocks.

     


  • address coding guide (ACG)

    Tags:  advertisement and marketing documents and publications

    The address coding guide is a comprehensive directory of street names and address ranges for the United States.

     


  • ADF

    Tags:  financial markets quoting and negotiation systems

    Country:   United States of America

    See  


  • ADIA

    Tags:  investments organisations or institutions

    Country:   United Arab Emirates

    See  


  • ADIC

    Tags:  investments organisations or institutions

    Country:   United Arab Emirates

    See  


  • adjusted cost base (ACB)

    Tags:  concept taxation

    The ACB is a calculation used to determine the cost of an investment for the purpose of the taxation of income. It takes into account the change in an asset's book value resulting from improvements, new purchases, sales, payouts or other factors.

     


  • adjusted debit balance (ADB)

    Tags:  market transactions valuation and pricing

    The amount in a margin account that is owed to the broker, minus profits on short sales and balances in a special miscellaneous account.

     


  • adjusted funds from operations (AFFO)

    Tags:  corporate finance metric

    A measurement of a real estate company's available funds generated by operations. It is a metric for the financial performance primarily used in the analysis of real estate investment trusts (REITs).

     


  • adjusted gross income (AGI)

    Tags:  concept taxation

    Adjusted Gross Income (AGI) is defined by the IRS in the United States as the gross income minus adjustments to income. It is the base for the calculation of income tax amongst other things.

     


  • ADL

    Tags:  concept economy

    See  


  • admitted assets

    Tags:  concept insurances

    In the United States, admitted assets are assets which an insurance company is allowed by state law to included in the its financial statements.

     


  • ADP

    Tags:  characteristics derivatives

    See  


  • ADPA

    Tags:  professional curricula status

    Country:   United States of America

    See  


  • ADR

    Tags:  concept taxation

    Country:   United States of America

    See  


  • ADR

    Tags:  financial instruments stock markets

    See  


  • ADR

    Tags:  indicators technical analysis

    See  


  • ADR

    Tags:  economy metric

    See  


  • ADS

    Tags:  financial instruments stock markets

    See  


  • ADS

    Tags:  accounting concept

    Country:   United States of America

    See  


  • ADTV

    Tags:  financial markets indicators

    See  


  • ADV

    Tag:  financial markets

    See  


  • advance/decline line

    Tags:  metric technical analysis

    The advance/decline (A/D) line is a technical indicator that measures the breadth of a market.

     


  • advance/decline ratio (ADR)

    Tags:  metric technical analysis

    The advance/decline (A/D) line is a technical indicator that measures the breadth of a market. It is calculated by dividing the number of shares that closed higher against the number of shares that closed lower than their previous day's closing prices.

     


  • Advance Corporation Tax (ACT)

    Tags:  concept taxation

    Prepayment of corporate taxes by companies which distributed dividend payments to shareholders in the United Kingdom between 1973 and 1999.

     


  • Advanced Computerized Execution System (ACES)

    Tags:  financial markets quoting and negotiation systems

    ACES is an order routing system run by Nasdaq that allows users to route orders between order-entry firms and market makers that have established relationships. Securities are specifically designated for automatic execution.

     


  • advance determination ruling (ADR)

    Tags:  concept taxation

    An advance determination ruling (ADR) is a decision or ruling issued by the Internal Revenue Service in the United States to a taxpayer concerning a taxation or pricing issue.

     


  • advanced internal rating-based (AIRB) approach

    Tags:  concept risk management

    Term referring to a set of credit risk measurement techniques proposed under the Basel II capital adequacy rules.

     


  • Advertising Association Of The West (AAW)

    Tags:  advertisement and marketing professional associations

    The AAW was a regional association for the advertisement business in the West of the United States which merged with the Advertising Federation of America (AFA) to form the American Advertising Federation (AAF) in 1967.

     


  • Advertising Checking Bureau (ACB)

    Tags:  advertisement and marketing organisations or institutions

    The Advertising Checking Bureau is an organisation in the United States which serves the advertisement industry by developing and managing incentive programs.

     


  • ADW

    Tags:  concept SWIFT messaging

    See  


  • ADX

    Tags:  metric technical analysis

    See  


  • AEoI

    Tags:  concept regulation

    See  


  • AEP

    Tags:  corporate finance ratios

    See  


  • AER

    Tags:  metric time value of money

    See  


  • AfDB

    Tags:  financial system supranational bodies

    See  


  • AFFE

    Tags:  accounting commissions and fees

    Country:   United States of America

    See  


  • AFFO

    Tags:  accounting valuation and pricing

    See  


  • AFM

    Tags:  concept personal finance

    See  


  • AFOF

    Tag:  asset management

    Country:   United Kingdom

    See  


  • AFR

    Tags:  concept taxation

    Country:   United States of America

    See  


  • African, Caribbean, and Pacific Group of States (ACP)

    Tags:  economy group of countries

    The group of African, Caribbean and Pacific states is an international organisation of currently 79 countries - mostly former French or British colonies.

     


  • African Development Bank (AfDB)

    Tags:  financial system supranational bodies

    The African Development Bank is a regional multilateral development bank, whose overarching objective is to spur sustainable economic development and social progress in its regional member countries, thus contributing to poverty reduction.

     


  • after-hours trading (AHT)

    Tags:  financial markets organisations

    Term referring to the buying and selling of securities completed outside of regular market hours.

     


  • against actuals

    Tags:  derivatives transaction settlement

    See  


  • against all risks (AAR)

    Tags:  concept insurances

    Term designating a type of insurance policy which protects its subscriber against all types of loss or damage rather than specific ones.

     


  • agency broker

    Tags:  financial organisations market participants

    A

    who only acts as an agent and does not deal as market maker or principal.

     


  • Agency for the Cooperation of Energy Regulators (ACER)

    Tags:  organisations or institutions regulation

    Agency of the European Union created in 2009 whose mission is the surveillance and regulation of European energy markets with a particular focus on transparency and stability.

     


  • agency security

    Tags:  bond markets financial instruments

    An agency security is a bond which is either issued or guaranteed by a U.S. federal government agency, or a bond issued by a government-sponsored enterprise.

     


  • agency theory

    Tags:  concept finance (general)

    The analysis of principal-agent business relationships, wherein one person, an agent, acts on behalf of another person, a principal.

     


  • agent

    Tags:  financial markets market participants

    Term designing a person or firm acting on behalf of another, the latter being one of the counterparties in a financial transaction.

     


  • Agent Banks in Emerging Markets (ABEM)

    Tags:  concept finance (general)

    ABEM is an annual survey conducted and commercialised by the magazine Global Custodian. It provides detailed client perception metrics on major agent banks based in emerging markets for key areas of service (Settlement, Asset Servicing, Relationship Management and Client Service, Reporting, Technology, Ancillary Services and Value Delivered).

     


  • AGI

    Tags:  concept taxation

    Country:   United States of America

    See  


  • AGM

    Tags:  corporate finance events

    See  


  • AGP

    Tags:  economy guarantee funds

    Country:   United States of America

    See  


  • AHT

    Tags:  financial markets organisations

    See  


  • AI

    Tags:  interest rate instruments valuation and pricing

    See  


  • AIBD

    Tags:  financial markets organisations or institutions

    See  


  • AIC

    Tags:  concept market transactions

    See  


  • AIF

    Tags:  asset management financial instruments

    Country:   United Kingdom

    See  


  • AIF

    Tags:  asset management financial instruments

    See  


  • AIFM

    Tags:  asset management status

    Territory:   European Union

    See  


  • AIFMD

    Tags:  asset management texts of law

    Territory:   European Union

    See  


  • AII

    Tags:  financial instruments instrument codes

    See  


  • AIP

    Tags:  concept personal finance

    See  


  • AIR

    Tags:  insurances valuation and pricing

    See  


  • AIRB

    Tags:  concept risk management

    See  


  • AIS

    Tags:  accounting electronic systems

    See  


  • AISG

    Tags:  accounting organisations for standardisation

    See  


  • AIV

    Tags:  asset management concept

    See  


  • aktiebolag (AB or A/B)

    Tags:  corporate finance status

    Swedish form of a joint-stock company.

     


  • all-in cost (AIC)

    Tags:  concept finance (general)

    Term referring to the total of fees and interest involved in a financial transaction.

     


  • All-Ords

    Tags:  indices stock markets

    See  


  • All Country World Index (ACWI)

    Tags:  indices stock markets

    The All Country World Index is an international equity index, which represents the performance of the stocks of companies from 23 industrialised countries and 24 developing countries.

     


  • alleged instruction

    Tags:  market transactions transaction settlement

    See  


  • allegement

    Tags:  market transactions transaction settlement

    An instruction from the counterparty against your account for which your matching instruction is missing.

     


  • Alliance Messaging Hub (AMH)

    Tags:  information exchange SWIFT messaging

    AMH is a modular, multinetwork, high-volume financial messaging solution offered by SWIFT.

     


  • Alliance Of American Insurers (AAI)

    Tags:  insurances professional associations

    An association of property-casualty insurance companies in the United States whose primary objectives are lobbying, demographic research and the education of the staff of its members.

     


  • All Ordinaries Index (AOI)

    Tags:  indices stock markets

    The All Ordinaries Index is a price index for common stocks on the Australian Stock Exchange (ASX). It is made up of the share prices for the common stocks of the 500 of the largest companies listed on the exchange.

     


  • all or none (AON)

    Tags:  market orders order types

    Type of buy or sell order on regulated markets which must be executed in its entirety or not at all. This type of order does not allow partial fills.

     


  • all or nothing

    Tags:  market orders order types

    See  


  • allowable downtime window (ADW)

    Tags:  concept SWIFT messaging

    A time period during which SWIFT performs scheduled maintenance activities and business continuity or disaster recovery tests.

     


  • allowance for doubtful accounts (ADA)

    Tags:  accounting concept

    The allowance for doubtful accounts is a reduction of the total amount of accounts receivable on a company’s balance sheet so that only the accounts receivable expected to be collected are reflected.

     


  • ALM

    Tags:  activities and occupations finance (general)

    See  


  • ALMT

    Tags:  activities and occupations finance (general)

    See  


  • ALP

    Tags:  concept economy

    See  


  • ALP

    Tags:  financial markets quoting and negotiation systems

    See  


  • alpha

    Tags:  market transactions valuation and pricing

    The difference between a share's expected return and its long run equilibrium return.

     


  • alternative asset manager (AAM)

    Tags:  activities and occupations asset management

    an alternative asset manager is an asset manager that invests in assets which average investors aren't likely to own as part of their portfolio, like private equity or venture capital, distressed debt, real estate or artwork for example.

     


  • alternative delivery procedure (ADP)

    Tags:  characteristics derivatives

    An alternative delivery procedure is a clause appearing in a financial futures contract that allows a buyer and seller to deliver and receive the commodity in a manner that differs from the contract's standard terms and conditions.

     


  • Alternative Depreciation System (ADS)

    Tags:  accounting concept

    Name a depreciation schedule in the United States which offers depreciation over a longer period of time than the default General Depreciation System, which is a declining balance method.

     


  • Alternative Display Facility (ADF)

    Tags:  financial markets quoting and negotiation systems

    The Alternative Display Facility (ADF) is an equity trading facility operated by the Financial Industry Regulatory Authority (FINRA) in the United States. It provides members with a facility for the display of quotations as well as the reporting and comparison of trades.

     


  • alternative instrument identifier (AII)

    Tags:  financial instruments instrument codes

    Term designating instrument codifiers which are used where an ISIN code is not the industry method of identification, like for example options or futures.

     


  • alternative investment fund (AIF)

    Tags:  asset management financial instruments

    Designation encompassing all investment funds that are not already covered by the European Directive on Undertakings for collective investment in transferable securities (UCITS).

     


  • alternative investment fund manager (AIFM)

    Tags:  asset management status

    Designation encompassing all managers of investment funds that are considered

    .

     


  • Alternative Investment Fund Managers Directive (AIFMD)

    Tags:  asset management texts of law

    The Alternative Investment Fund Managers directive is a European-wide directive which aims to establish a common set of requirements applicable to Alternative Investment Fund Managers (AIFMs) and a harmonised regulatory framework for any alternative investment activity within the EU.

     


  • alternative investment vehicle (AIV)

    Tags:  asset management concept

    Term referring to a limited partnership, limited liability company, or similar legal structure through which an investor can invest in an alternative investment.

     


  • alternative liquidity pool

    Tags:  financial markets quoting and negotiation systems

    See  


  • Alternative Minimum Tax (AMT)

    Tags:  concept taxes

    A supplemental income tax in the United States which is required in addition to baseline income tax for certain individuals, corporations, estates, and trusts that have exemptions or special circumstances allowing for lower payments of standard income tax.

     


  • AM

    Tags:  asset management market participants

    See  


  • AM

    Tags:  asset management concept

    See  


  • American-style option

    Tags:  options typology

    An option contract which may be exercised at any time during its lifetime.

     


  • American Academy of Actuaries (AAA)

    Tags:  activities and occupations organisations or institutions

    The American Academy of Actuaries is a professional association in the United States, whose main objectives are the promotion of the profession of actuary and the setting of standards in terms of competence and integrity.

     


  • American Academy of Attorney-CPAs (AAA-CPA)

    Tags:  activities and occupations professional associations

    The AAA-CPA is a professional association in the United States which is comprised of individuals who are dually-qualified as both attorneys and certified public accountants (CPAs).

     


  • American Accounting Association (AAA)

    Tags:  accounting professional associations

    Professional association for accounting education and research in the United States.

     


  • American and Canadian Connection for Efficient Securities Settlement (ACCESS)

    Tags:  electronic systems transaction settlement

    Former clearing system which allowed the settlement of cross-border transactions between the United States and Canada. ACCESS was closed in 2006.

     


  • American Association of Individual Investors (AAII)

    Tags:  investments professional associations

    The AAII is a nonprofit organisation of individual investors in the United States. It counts about 150,000 members and the association's aim is to educate and guide them in the creation and management of investment wealth.

     


  • American Association of Retired Persons (AARP)

    Tags:  economy organisations or institutions

    The AARP is a lobby organisation in the United States, which works for the interests of people aged 50 and above.

     


  • American Bankers Association (ABA)

    Tags:  financial system professional associations

    The ABA is the largest trade association for the banking industry in the United States. It was founded in 1875 and is headquartered in Washington D.C.

     


  • American Bankruptcy Institute (ABI)

    Tags:  economy organisations or institutions

    The ABI is a research organisation in the United States which educates its members, the US Congress and the public on bankruptcy issues. It was founded in 1982 and includes more than 12,000 professionals which deal with bankruptcy such as attorneys, accountants, lenders, judges and bankers.

     


  • American Customer Satisfaction Index (ACSI)

    Tags:  economy indicators

    The ACSI is a national cross-industry measure of customer satisfaction in the United States. It measures the satisfaction of U.S. household consumers with the quality of products and services offered by both foreign and domestic firms with significant share in U.S. markets.

     


  • American depository receipt (ADR)

    Tags:  financial instruments stock markets

    An American depository receipt (ADR) is a negotiable receipt on stocks held in custody abroad. It is issued by a US bank and traded either on a US stock exchange or over the counter.

     


  • American depository share (ADS)

    Tags:  financial instruments stock markets

    An American depository share (ADS) is a foreign stock which is issued in the United States and registered in the ADR system.

     


  • American option

    Tags:  options typology

    See  


  • AMF

    Tags:  post-negotiation transaction settlement

    See  


  • AMH

    Tags:  concept finance (general)

    See  


  • AMH

    Tags:  information exchange SWIFT messaging

    See  


  • AML

    Tags:  concept supervision and regulation

    See  


  • AMLF

    Tags:  financial system mechanism

    Country:   United States of America

    See  


  • amortizing swap

    Tags:  financial instruments interest rate derivatives

    A swap in which the notional principal reduces over time according to an agreed schedule or formula.

     


  • AMPS

    Tags:  financial instruments stock markets

    Country:   United States of America

    See  


  • AMT

    Tags:  concept taxation

    Country:   United States of America

    See  


  • annual capital charge (ACC)

    Tags:  concept investments

    The annual capital charge is a method for evaluating an investment by converting the capital cost to an annual equivalent and then determining whether the project is acceptable by comparing that charge to the annual net cash flow it generates.

     


  • annual equivalent rate (AER)

    Tags:  metric time value of money

    The annual equivalent rate is the interest rate earned on an investment in a year after accounting for the effects of compounding interest.

     


  • annual general meeting (AGM)

    Tags:  corporate finance events

    An annual general meeting (AGM) is the mandatory yearly gathering of a public company's senior management and its shareholders for the purpose of exchanging important information.

     


  • annuitant

    Tags:  personal finance status

    An annuitant is the individual whose life is used as the yardstick for determining when benefits payments from an annuity contract will start and cease.

     


  • annuity

    Tags:  concept finance (general)

    Payment at regular intervals and for a specified time of a constant sum consisting of interest and principal for a loan.

     


  • annuity factor method (AFM)

    Tags:  concept personal finance

    The annuity factor method is a method of determining how much money can be withdrawn early from an annuity or an IRA before incurring tax penalties.

     


  • anti-money laundering (AML)

    Tags:  concept supervision and regulation

    Anti money laundering refers to a set of procedures, laws, and regulations that force financial institutions to proactively monitor their clients in order to prevent money laundering and corruption.

     


  • AOI

    Tags:  indices stock markets

    Country:   Australia

    See  


  • APIC

    Tags:  accounting concept

    See  


  • APO

    Tags:  options typology

    See  


  • applicable federal rates (AFR)

    Tags:  concept taxation

    Term designing a set of interest rates published every month by the Internal Revenue Service (IRS) in the United States. AFR are used for federal income tax purposes.

     


  • AR

    Tags:  accounting concept

    See  


  • arbitrage

    Tags:  market transactions strategies

    A strategy consisting in purchasing or selling an instrument and simultaneously taking equal and opposite position in a closely related instrument to profit from mispricing, thus allowing for a risk free profit. Arbitrage opportunities generally exist only for short periods of time and often only yield slim profit margins.

     


  • arbitrage channel

    Tags:  market transactions strategies

    The bid-offer spread range of a financial instrument defines a channel. If the financial instrument price is outside of that channel (either above or below) then an

    transaction can be constructed.

     


  • arm's length principle (ALP)

    Tags:  concept economy

    Principle from international tax legislation which states that related taxpayers must set transfer prices for any transaction as if they were unrelated entities.

     


  • arm's length principle (ALP)

    Tags:  concept economy

    The arm's length principle (ALP) is the condition or the fact that a contractual agreement between two parties has been made freely and independently from any special relationship, such as being relatives, having another deal on the side or one of the parties having complete control over the other.

     


  • ARO

    Tags:  options typology

    See  


  • Asian-style option

    Tags:  options typology

    An option whose payoff depends on the average of the underlying's value on a determined set of dates during the option's life. The exercise type of an Asian option is usually European, but the specification of early exercise provisions based upon an average-to-date is possible.

     


  • Asian Bond Fund (ABF)

    Tags:  asset management financial instruments

    The Asian Bond Fund is a fund initiated by the Executives' Meeting of East Asia-Pacific Central Banks (EMEAP) in 2002, with the purpose of broadening and deepening regional and domestic bond markets in Asia.

     


  • Asian Development Bank (ADB)

    Tags:  financial system supranational bodies

    The Asian Development Bank is a financial institution whose objective is to foster economic growth and cooperation amongst its members. The ADB counts 67 members of which 48 are from within Asia and the Pacific, and 19 outside.

     


  • Asian option

    Tags:  options typology

    See  


  • ask

    Tags:  financial instruments market quotation

    See  


  • ask price

    Tags:  financial instruments market quotation

    The price at which a dealer or market maker is willing to sell the financial instrument he quotes.

     


  • asset-backed commercial paper (ABCP)

    Tags:  financial instruments market quotation

    A short-term security created by securitisation and backed by trade receivables. A legal entity, set up for the purpose by an investment bank, will buy the trade receivables and issue the commercial paper in order to fund the acquisition.

     


  • Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF)

    Tags:  financial system mechanism

    A lending facility in the United States between 2008 and 2010 that provided funding to depository institutions and bank holding companies to finance their purchases of high-quality asset-backed commercial paper (ABCP) from money market mutual funds under certain conditions.

     


  • Asset-Backed Credit Default Swap (ABCDS)

    Tags:  credit derivatives financial instruments

    A credit default swap where the reference asset is an asset-backed security.

     


  • asset-backed financing (ABF)

    Tags:  concept financing

    The term asset-backed financing refers to all forms of financing where the lender has a claim over specific assets of the borrower, be it with or without a general claim against the borrower.

     


  • asset-backed lending (ABL)

    Tags:  concept financing

    The term asset-backed lending refers to all forms of lending where the lender has a claim over specific assets of the borrower, be it with or without a general claim against the borrower.

     


  • Asset-Backed Securities Purchase Programme (ABSPP)

    Tags:  mechanism monetary policy

    The ABSPP is a program which the ECB set up in 2014 and which consists of the purchase by the latter of asset-backed securities in the primary and secondary markets. Its declared objectives are the reinforcement of the transmission of the ECB's monetary policy, the facilitation of the credit supply for the economies of the Eurozone, further quantitative easing and a raise of the inflation rate closer to the target value of 2%.

     


  • asset-backed security (ABS)

    Tags:  financial instruments market quotation

    Asset-backed securities are securities which are secured by a pool of assets. The originator, usually a bank or other type of financial institution, sells the assets to a special purpose vehicle (SPV) which in turn issues the asset-backed securities to finance the acquisition.

     


  • asset allocation fund (AAF)

    Tags:  asset management financial instruments

    An asset allocation fund is a mutual fund which offers a diversified portfolio of investments across various asset classes like stocks, bonds, and cash.

     


  • asset and liability management (ALM)

    Tags:  activities and occupations financial instruments

    The process whereby financial institutions manage the interest rate risk that arises due to mismatches between assets and liabilities on the balance sheet.

     


  • asset class

    Tags:  financial instruments typology

    A group of securities which share similar characteristics, behave in a comparable way in the market, and are governed by the same laws and regulations.

     


  • Asset Covered Security (ACS)

    Tags:  bonds valuation and pricing

    Asset Covered Securities are Irish covered bonds. Their features are closely related to German Pfandbriefe. They are governed by the Asset Covered Securities Act of 2001.

     


  • asset earning power (AEP)

    Tags:  corporate finance ratios

    Asset earning power is a measure of a company's profitability. It is calculated by dividing its earning before taxes by its total assets.

     


  • Asset Guarantee Program (AGP)

    Tags:  economy guarantee funds

    The AGP was a joint program of Treasury, the Federal Reserve, and the FDIC in the United States. Created in 2009, it involved supporting the value of certain assets held by qualifying financial institutions by agreeing to absorb a portion of losses on those assets.

     


  • asset management

    Tags:  asset management concept

    Asset management is an activity in which a bank or investment company makes investment decisions for investors' assets in the interest of the latter, but at its own discretion.

     


  • asset manager

    Tags:  asset management market participants

    An asset manager usually works for a financial services company that offers asset management services. He operates a portfolio of assets on behalf of his clients.

     


  • asset swap

    Tags:  financial instruments interest rate derivatives

    Term referring to the restructuring of a security's cash flows with the help of a swap.

     


  • Associate of the Chartered Certified Accountants (ACCA)

    Tags:  accounting status

    Title awarded by the ACCA to an individual who successfully completed the syllabus of up to 13 examinations.

     


  • Association des Banques et Banquiers, Luxembourg (ABBL)

    Tags:  financial system professional associations

    The ABBL is a professional organisation in Luxembourg representing the professional interests of its members, which are most of the banks established in the country.

     


  • Association of African Central Banks (AACB)

    Tags:  central banks professional associations

    The Association of African Central Banks (AACB) is an association which regroups the central banks of 46 member countries. It was established in 1968 and has its headquarters in Dakar, Senegal.

     


  • Association of Authorised Public Accountants (AAPA)

    Tags:  accounting professional associations

    British professional body for public accountants which have been individually recognised. It has been created in 1978. Since 1996, the AAPA is a subsidiary company of the ACCA.

     


  • Association of British Insurers (ABI)

    Tags:  insurances professional associations

    The Association of British Insurers is a trade association for the insurance sector in the United Kingdom, regrouping around 400 insurance companies.

     


  • Association of Caribbean States (ACS)

    Tags:  economy group of countries

    The ACS is a group of states located in the Caribbean basin. It has 25 members and 12 associate members.

     


  • Association of Certified Anti-Money Laundering Specialists (ACAMS)

    Tags:  professional associations regulation

    ACAMS is an international membership organisation dedicated to enhancing the knowledge, skills and expertise of AML/CTF and financial crime detection and prevention professionals. Its was founded in 2001 and has its headquarters in the United States, with a number of representations around the globe.

     


  • Association of Chartered Certified Accountants (ACCA)

    Tags:  accounting professional associations

    The Association of Chartered Certified Accountants is the global professional organisation for the accounting sector. It was founded in 1904 and is headquartered in London.

     


  • Association of International Bond Dealers (AIBD)

    Tags:  financial markets organisations or institutions

    See  


  • assumed interest rate (AIR)

    Tags:  concept insurances

    An interest rate which is used by an insurance company for the calculation of the payout on an annuity contract.

     


  • ATM

    Tags:  options valuation and pricing

    See  


  • at par

    Tags:  financial instruments market quotation

    Expression indicating that a financial instrument is quoted or valued at its nominal value.

     


  • at the money

    Tags:  options valuation and pricing

    An option is said to be at the money when its strike is equal to the market price of the underlying asset.

     


  • Auction Market Preferred Stock (AMPS)

    Tags:  financial instruments stock markets

    A type of preference share in the United States the dividends of which are periodically reset through Dutch auctions between investors.

     


  • Auction Rate Preferred Stock (ARPS)

    Tags:  financial instruments stock markets

    See  


  • Australian Bureau of Statistics (ABS)

    Tags:  economy government agencies

    Country:   Australia

    The ABS is Australia’s national statistical agency. It provides official statistics on a wide range of economic, social, demographic and environmental matters of importance to Australia.

     


  • Austrian Traded Index (ATX)

    Tags:  indices stock markets

    Leading stock index of the Vienna (Austria) Stock Exchange. It encompasses the 20 most important market capitalizations of the Wiener Börse and is continuously quoted.

     


  • authorised futures and options fund (AFOF)

    Tags:  asset management status

    A futures and options fund (FOF) regulated by the Securities and Investments Board and allowed to market to the public in the United Kingdom.

     


  • authorised investment fund (AIF)

    Tags:  asset management financial instruments

    An authorised investment fund (AIF) is a type of collective investment scheme (CIS) in the UK that has been authorised by the Financial Conduct Authority (FCA).

     


  • Automated Bond System (ABS)

    Tags:  financial markets quoting and negotiation systems

    Name of an electronic system on the NYSE which records bids and offers for bonds with little activity until these are either executed or cancelled.

     


  • Automated Clearing House (ACH)

    Tags:  financial markets transaction settlement

    The Automated Clearing House (ACH) is an electronic fund-transfer system electronic network that facilitates the transfer of funds in the United States.

     


  • Automated Confirmation Transaction Service (ACT)

    Tags:  electronic systems transaction settlement

    An automated system that documents and reports the clearing of trades in the Nasdaq market in the United States.

     


  • Automated Customer Account Transfer (ACAT)

    Tags:  financial markets transaction settlement

    An Automated Customer Account Transfer is the electronic transfer of securities between banks and brokers in the United States of client assets such as securities, operated through the ACATS system developed by the NSCC.

     


  • Automated Customer Account Transfer System (ACATS)

    Tags:  electronic systems transaction settlement

    ACATS is an electronic system for the automated transfer of securities between client trading accounts at banks and brokerage firms. The system has been developed by the NSCC.

     


  • Automatic Exchange of Information (AEoI)

    Tags:  concept regulation

    Term describing a range of agreements tax authorities across the world have entered into in order to avoid tax evasion by exchanging data regarding residents' foreign bank and securities accounts automatically.

     


  • automatic investment plan (AIP)

    Tags:  concept personal finance

    An automatic investment plan is an program that allows investors to periodically make an automatic transfer of a sum of money to an investment account where it is invested according to what has been agreed.

     


  • average accounting rate of return (AARR)

    Tags:  concept financial analysis

    The AARR is the expected average accounting income generated by an investment, divided by the average amount invested over the project's lifespan.

     


  • average annual growth rate (AAGR)

    Tags:  pricing and analysis time value of money

    The average annual growth rate is the average increase in the value of an investment, or a portfolio of investments, over a given number of periods.

     


  • average annual return (AAR)

    Tags:  pricing and analysis time value of money

    The AAR of an investment is the arithmetic mean of a series of annual rates of return.

     


  • average daily rate (ADR)

    Tags:  economy metric

    The average daily rate (ADR) is calculated by dividing the total income for room rentals by the number of room rentals for a given day or period. It is a KPI in the hotel industry.

     


  • average daily trading volume (ADTV)

    Tags:  financial markets indicators

    The ADTV represents the amount of individual securities traded in a day on average over a specified period of time on a given market.

     


  • average daily volume (ADV)

    Tags:  financial markets indicators

    See  


  • average directional index (ADX)

    Tags:  metric technical analysis

    The ADX is a technical indicator which shows whether a stock is trending or simply oscillating.

     


  • average price option

    Tags:  options typology

    See  


  • average rate option

    Tags:  options typology

    See  


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