Financial Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y
a

A (credit rating)

AA (credit rating)

AAA (credit rating)

Abnormal return

Absolute return funds

Accelerated monitoring fees

Accelerated Return Note

Accelerated share repurchase

Acceptance set

Accounting liquidity

Accounting Rate of Return

Accretive acquisition

Acquire

Acquiree

Acquisition structure

Active Order

Activist shareholder

Adams Express Company

Advanced Computerized Execution System

AdvisorShares

AEX index

After-Hours Trading (AHT)

AgDevCo

Agency security

Agricultural Bank of China

Alaska Permanent Fund Dividend

Alberta Heritage Savings Trust Fund

Alerts

Ali Rahmani

All in method

Alpha

Alpha generation platform

Alternative asset

Alternative display facility

Alternative energy indexes

Alternative Investment Fund Managers (AIFM) Directive 2011

Alternative public offering

Alternative trading system

Alternext

Altman Z-score

Amex Composite Index

Amex Gold Miners Index

Amex Volatility Index

AMX index (Midcap)

Analyst

Angel Investor

Anglo-Swedish Literary Foundation

Annual equivalent rate (AER)

Annual general meeting (AGM)

Annual percentage rate (APR)

Annual total return

Annualized loss expectancy

Annuities

Appreciation

Arbitrage

Arbitrage betting

Arbitrage pricing theory

Articles of incorporation

AScX index (Small Cap)

Ask Price

Asset

Asset allocation

Asset backed security

Asset Classes

Asset purchase

Asset purchase agreement (APA)

Asset stripping

Asset-backed commercial paper program

Asset-backed securities index

Asset-based approach

Asset-based lending

Assets under management (AUM)

Associated Press

Association of the Luxembourg Fund Industry

Assurance contract

Athex 20

Attitude to Risk

Auction process

Audited account

Auditor

Australian Securities Exchange

Automated Trading

Average accounting return

Average accounts receivable

Average Daily Trading Volume

Average Price

Average propensity to consume

Average propensity to save

Averaging Down

b

B (credit rating)

Bagholder

Balance Sheet

Banco Santander

Bank Condition

Bank of America

Bank of England

Bank of Japan

Bank Run

Banking as a Service

Bankruptcy Prediction

Bar Chart

Barbell strategy

Bárcenas affair

Barclays Capital Aggregate Bond Index

Barclays PLC

Barriers to Entry

Barron's 400 Index

Barry Rosenstein

Basel 4

Basel Accords

Basel III

Basic Earnings Per Share

Basis Point

Basis Risk

Basket of goods

BB (credit rating)

BB+ (credit rating)

BBB (credit rating)

BB− (credit rating)

Beachhead acquisition

Bear call spread

Bear Market

Bear raid

BEL 20 index

Bell Fund

Benchmark

Benchmark Indices

Beneficial Ownership

Beneish M-Score

Bespoke portfolio (CDO)

BET-10

Beta

Betavexity

Bias

Bias ratio

Bid

Bid instructions

Bid-to-cover ratio

Bielard, Biehl and Kaiser five-way model

Big Bang

Big boy letter

Big Data Scoring

Binary betting

BIST 100 index

Black Swan Funds

Black–Scholes model

Blue Ocean Strategy

Blue-chip index

Blue-chip stock

BM&F Bovespa

BME Spanish Exchange

BNP Paribas

Bolt-on acquisition

Bombay Stock Exchange

Bond conversion

Bond ETF

Bond Exchange of South Africa (BESA)

Bond Market

Bond maturity

Bond prospectus

Bond swap

Bond warrant

Bond Yield

Bonds

Bonus share

Book building

Book closure

Book Value

Botswana Stock Exchange Domestic Company Index (BSE DCI)

Botswana Stock Exchange Foreign Company Index (BSE FCI)

Bought deal

Boutique investment bank

Bovespa index

Box spread

Breakout

Bridge bank

Broker

BSE Sensex index

Bucket shop

Budapest Stock Exchange

Bull Market

Bull Trap

Bull-bear line

Burn Rate

Business Assets

Business Cycle

Business failure

Business valuation standards

Buy and Sell

Buy Side

Buy-in management buyout (BIMBO)

Buying in

Buyout

c

C (credit rating)

CAC 40 index

Cac Mid 60

CAC Next 20

Cac Small

Cadre

Calculation products (indices)

Call Auction

Call Option

Calmar ratio

CAMELS rating system

CAN SLIM

Candle Chart

Capital

Capital adequacy ratio

Capital Budgeting

Capital Expenditure (CAPEX)

Capital flight

Capital gains distribution

Capital Gains Tax

Capital Market

Capital market imperfections

Capital recovery factor

Capital Requirements Directives

Capital Requirements Regulation 2013

Capitalisation

Carhart four-factor model

Carl Icahn

Carrying Cost

Cascades in financial networks

Cascading failure

Cash

Cash conversion cycle

Cash deposit

Cash Dividend

Cash Flow

Cash flow hedge

Cash inflow

Cash Management

Cash Outflow

Cash ratio

Cash-flow return on investment (CFROI)

CBOE S&P 500 BuyWrite Index (BXM)

CBOT

CBV Index

CC (credit rating)

CCC (credit rating)

CCC+ (credit rating)

CCC− (credit rating)

CDO

CEE Stock Exchange Group (CEESEG)

Center for Audit Quality (CAQ)

Central Bank

Central counterparty clearing

Central limit order book

Certified Risk Manager

CFA

CFP

Chart

Chartist

Chepakovich valuation model

Chicago Board Options Exchange

Chicago Mercantile Exchange

China A50 index

China Concepts Stock

China Construction Bank Corporation

China Development Bank

Choice dividend

Choice dividend delivery

Choice dividend issue

CIBI Information, Inc

Citigroup Inc.

Clearing

Clearing balance requirements

Clearing House

ClearScore

Clientele effect

Closed-end fund

Closing Price

CME

CMO

CNBC Ticker

Coherent risk measure

COLCAP

Collateral

Collateralized debt obligation

Collateralized mortgage obligation

Collective action clause

COMEX

Commercial mortgage-backed security

Commercial Paper

Commission

Committee of European Securities Regulators

Committee on Capital Markets Regulation

Commodity

Commodity ETF

Commodity Market

Commodity product Markup Language

Commodity risk

Commodity Swap

Common ordinary equity

Common Stock

Common stock dividends and DRIP

Compliance Officer

Composite Index

Compound Interest

Compounding

Comprehensive Capital Analysis and Review

Condition-related order

Confirmation Bias

Conglomerate merger

Conservative investing

Consistent pricing process

Consolidated Quotation System

Consolidated Tape System

Constant proportion portfolio insurance

Consumer credit risk

Consumer price index (CPI)

Contract consolidation

Contract For Difference (CFD)

Contract soulte (a type of cash settlement)

Contract split

Control premium

Controlling (majority) shareholder

Convenience Yield

Convergence trade

Convertible arbitrage

Convertible issue

Copy trading

Cornering the market

Corporate Actions

Corporate Bonds

Correlation

Correlation Coefficient

Cost accrual ratio

Counterparty Risk

Coupon Payment

Covered interest arbitrage

Credibility theory

Credit

Credit Agricole

Credit Analysis

Credit Bureau

Credit Card

Credit Default Swap

Credit Enhancement

Credit rating

Credit Rating Agency

Credit Reference

Credit Risk

Credit Savvy

Credit score

Credit scorecards

Credit Union

Credit valuation adjustment

Creditworthiness

Creeping tender offer

Crime Victims Fund

CROBEX

CROBIS

CROCI

Cross border listings

Crossing network

CSI 300 Index

Curb trading

Currency

Currency analytics

Currency Crisis

Currency Hedging

Currency Pair

Currency Risk

Currency Swap

Current account and savings account (CASA) ratio

Current asset / Current accounts

Current Liabilities

Current ratio

Current yield

CUSIP-linked MIP code

Custodial participant

Cyclical company

Cyclical Risk

Cyclically adjusted price-to-earnings ratio

d

D (credit rating)

Daily Stocks

Dana KCM

Dawn raid

DAX Index

Day Order

Day Trading

Days payable outstanding

Days sales outstanding

Dealer

Death spiral financing

Debt

Debt buyer

Debt Crisis

Debt ratio

Debt service coverage ratio

Debt service ratio

Debt-to-capital ratio

Debt-to-equity ratio

Debt-to-GDP ratio

Debt-to-income ratio

Debtor

Debtor collection period

Debtor Days

Default trap

Deferred Revenue

Deflation

Deleveraging

Delist worthless

Delta

Delta neutral

Demand

Demat Account

Dematerialization

Deposit Margin

Deposit risk

Depreciation

Derivative

Derivatives Market

Designation Scheme

Deutsche Bank

Deutsche Börse

Devaluation

Devolvement

Digital Banking

Dilution

Direct cost

Direct finance

Direct Investment

Direct market access

Direct participation program

Direct public offering

Directors' dealings

Discount rate

Discounted Cash Flow (DCF)

Discounted maximum loss

Distortion risk measure

Diversification

Divestiture

Dividend

Dividend Cover

Dividend distribution tax

Dividend future

Dividend imputation

Dividend indices

Dividend payout ratio

Dividend Policy

Dividend puzzle

Dividend recapitalisation

Dividend reinvestment plan

Dividend rights issue

Dividend stripping

Dividend Tax

Dividend units

Dividends received deduction

Division 7A dividend

DJ New Zealand index

DJ Shanghai index

Dodd–Frank Wall Street Reform and Consumer Protection Act

Dogs of the Dow

Domestic Market

Don't fight the tape

Dotcom bubble

Dow 30 Index

Dow Jones

Dow Jones Asian Titans 50 Index

Dow Jones EURO STOXX 50

Dow Jones Industrial Average

Dow Jones Sustainability North America Index

Downside beta

Downside risk

Dragon King Theory

DSES

Dual-beta

Due Diligence

Dynamic risk measure

f

Face value (par value, principal)

Factoring

Failure to deliver

Fair Value Accounting

Fama–French three-factor model

Faroese Securities Market

FAS 133

Fat-finger error

Favourite-longshot bias

FCA

Federal Deposit Insurance Corporation

Federal Reserve

Federal takeover of Fannie Mae and Freddie Mac

Feeder fund

Fence

FICO

Fiduciary

Fiduciary rule

Fill or kill

Film Musicians Secondary Markets Fund

Financial Adviser

Financial asset securitization investment trust

Financial astrology

Financial betting

Financial CHOICE Act

Financial condition report

Financial Crisis Inquiry Commission

Financial crisis of 2007–2008

Financial Information eXchange

Financial integration

Financial Market

Financial market participants

Financial Model

Financial Product (Instrument)

Financial quote

Financial Ratio

Financial Regulation

Financial Report

Financial result

Financial Risk

Financial risk modelling

Financial services

Financial signal processing

Financial Stability Board

Financial Stability Oversight Council

Financial Statement

Financial Times Stock Exchange (Footsie)

FINRA

Fintech

First Chicago Method

FIS (company)

Fitch Ratings

FIXatdl

Fixed asset

Fixed bill

Fixed deposit

Fixed income

Fixed income arbitrage

Fixed-asset turnover

Fixed-income attribution

Flash crash

Flight-to-liquidity

Floor Broker

Flow-through share

Food speculation

Foreign Exchange (Forex, FX)

Foreign exchange hedge

Foreign exchange risk

Forex signal

Forward bet

Forward Contract

Forward market

Forward split

Founding partner

Fractional-reserve banking

Free cash flow (FCF)

Free float

Free Riding

FreeCreditScore.com

French auction

Frictionless market

FT30 Index

FTSE 100

FTSE Bursa Malaysia Index

FTSE Fledgling Index

FTSE MIB index

FTSE MID 250 Index

FTSE techMark Index

FTSE/Mondo Visione Exchanges Index

FTSEurofirst Euro Supersector Indices

Fuel price risk management

Fund

Fund governance

Fund of Funds

Fund platform

Fund Processing Passport

Fundamental Analysis

Fundo de Investimento em Direitos Creditórios

Fundrise

Futures Contract

Futures Market

i

IBC (Índice Bursátil Caracas)

IberoAmerican Federation of Mutual Funds

IBEX 35 index

IBITDA

Ibovespa

ICE Clear Credit

Ice futures Europe

IDX Composite index

IFund

IGBC

Illiquid assets

Illiquidity

Immediacy

Immediate or cancel

Immediate Order

Immunization

Impact investing

Implementation shortfall

Implicit contract theory

Implied repo rate

Import ratio

Income fund

Incremental capital-output ratio

Index

Index arbitrage

Index cohesive force

Index Funds

Index-linked bond

Indian Trading League

Indication of interest

Indie Fund

Indirect Cost

Indirect finance

Industrial and Commercial Bank of China

Industry Classification Benchmark

Inet

Infection ratio

Inflation

Inflation rate

Inflation risk

Information ratio

Information technology (IT)

Initial Public Offering (IPO)

Innovis

Insolvency

Instinet

Intangible Asset

Intellectual Capital

Intellidex

Inter Pipeline

Inter-dealer broker

Interbank lending market

Intercontinental Exchange (ICE)

Interest Rates

Intermarket analysis

Intermarket sweep order

Internal contradictions of capital accumulation

Internal Financing

Internal models approach for market risk

International exposure indices

International lender of last resort

International Retail Service

International Securities Exchange

International Securities Identification Number (ISIN)

International Underwriting Association

Inventory Turnover

Investment bank

Investment control

Investment Fund

Investment Management

Investment outsourcing

Investment policy statement

Investment Strategy

Investment thesis

Investor

Investor Relations

Investor Sentiment

IPC index

IPO ETF

IPO spinning

IPO underpricing

Iraq Relief and Reconstruction Fund

Irwin v. Gavit

ISA Account

ISDAfix

Isoelastic utility

Issue (Process)

Issue forward split

Issuer

m

Macedonian Film Fund

Macro risk

Macroprudential regulation

MADEX index

Magic formula investing

mai Index

Maintenance Margin

Making Home Affordable

Makingup price

Managed futures account

Management buy-in (MBI)

Management buyout (MBO)

Management fee

Manager of managers fund

Margin

Margin Account

Margin at risk

Margin Call

Margin of safety

Marginal cost

Marginal Revenue

Margining risk

Mark to market accounting

Mark Twain effect

Market

Market Abuse

Market anomaly

Market basket

Market chart

Market clearing

Market Correction

Market Data

Market Depth

Market distortion

Market economy

Market Identifier Code

Market if touched

Market impact

Market impact cost

Market Leader

Market Maker

Market microstructure

Market moving information

Market Order

Market Portfolio

Market profile

Market Risk

Market Saturation

Market Segmentation

Market Trend

Market value added

Market-based valuation

Marketcetera

Markets in Financial Instruments Directive 2004

Marlboro Friday

MASI index

Master transaction agreement

Master-KAG

Matchbook FX

Maturity

Maximum Downside Exposure (MDE)

MCX

MDAX (Mid Cap)

Medical underwriting

Merchant bank

Mergers and Acquisitions (M&A)

MERVAL

MESDAQ

MetaTrader 4

Mexican peso crisis

Mexican unidad de inversión

MIB Group

MICEX index

Microcap stock

Microexchanges

Microprudential regulation

Mid price

MIDAS Technical Analysis

Minimum acceptable rate of return

Minimum Efficient Scale

Minority shareholder

Minsky moment

Mirror trading

Mischler Financial Group

Mismatch Risk

Mitsubishi UFJ Financial Group

Mizuho Financial Group

Model risk

Modern portfolio theory

Modigliani risk-adjusted performance

Monetary hawk and dove

Monetisation

Money Market Fund

MoneyBee

Moneyness

Monopoly

Montana Management

Monthly income preferred stock

Moody's rating

Moral hazard

Mortgage

Mortgage underwriting

Mortgage underwriting in the United States

Mortgage yield

Mortgage-Backed Securities

Mountain Chart

Moving average

Mr. Market

MSCI EAFE

MSM-30

MTF

Multi-manager investment

Multiple factor models

Municipal bond

Municipal bond arbitrage

Mutual fund

p

P&L attribution

P/B ratio

Paper valuation

Paris Bourse

Participating preferred stock

Partnership

Partnership for New York City

Passive Order

Paul Singer

Payback Period

Payment for order flow

Payment schedule

PEG Ratio

Penny Stocks

Pension

Pension buyout

Pension Fund

Performance attribution

Period of financial distress

Pfandbrief

PFTS index

Philadelphia Gold and Silver Index

PHLX Semiconductor Sector

Physics of financial markets

Piotroski F-Score

Pip

Pledge fund

Political arbitrage

Pool factor

Portfolio

Portfolio Diversification

Portfolio Investment

Portfolio Management

Portfolio margin

Portfolios with Purpose

Position

Position Trading

Post-earnings-announcement drift

Potential future exposure

Prague interbank offered rate (PRIBOR)

PRBC

Pre-tax profit figure

Precautionary demand

Precious metals

Preference Shares

Preferred dividends

Prepayment of loan

Prestige Bulletin

Price action trading

Price Change

Price discovery

Price limits

Price optimisation

Price signal

Price/cash flow ratio

Price/earnings (P/E ratio)

Price/sales ratio

Primary Dealer Credit Facility

Primary Market

Primary shares

Prime rate

Prime Standard

Principal trade

Principled reasoning

Private electronic market

Private equity

Private Equity Fund

Private sector

Probability of default

Procyclical and countercyclical

Producer price indexes (PPI)

Professional Liability Underwriting Society

Profit at risk

Profit margin

Profit risk

Profit taking

Profit warning

Profitability

Profitability Index

Projected sales

Proprietary Trading

ProRealTime

Proxy fight

Proxy statement

Proxy Vote

PSE All Shares Index

PSE Financials Index

PSE Index (PSEi)

PSI 20 index

Public inquiry

Public offering without listing

Public Sector

Puerto Rico Industrial Incentives Fund

Pump And Dump

Purchase price adjustment

Purchasing power parity

Purple chip

Put Option

r

Rachev ratio

Rate of return on a portfolio

Rate of return pricing

Rate risk

Rating

Rational herding

RD (credit rating)

Re-investment risk

Real options analysis

Real-time economy

Receivables turnover ratio

Record date

Red herring prospectus

Redemption mechanism

Redlining

Redundant assets

Reference Data

Refinancing risk

Registered professional liability underwriter

Registered share

Regulatory (Regulated, Controlled) Market

Regulatory market (regulated market, controlled market)

Reinvestment risk

Relative strength index (RSI)

Relative valuation

Relative value

Replicating strategy

Report of Anton R. Valukas

Repurchase agreement

Reserve requirement

Reset

Residential mortgage-backed security

Residual income valuation

Resilience

Retail foreign exchange trading

Retail price index

Retracement

Return on capital employed

Return on Investment (ROI)

Return on modeling effort

Return on net assets

Return on tangible equity

Returns

Reuters 3000 Xtra

Revaluation

Revenue

Reversal

Reverse auction

Reverse due diligence

Reverse greenshoe

Reverse Split

Richard Bookstaber

Rights Issue

Risk

Risk Arbitrage

Risk Diversification

Risk financing

Risk free asset

Risk Management

Risk management in Indian banks

Risk measure

Risk metric

Risk of ruin

Risk parity

Risk pool

Risk score

Risk Tolerance

Risk transformation

Risk vs Reward Ratio

Risk-adjusted return on capital

Risk-free bond

Risk-free interest rate

Risk-neutral measure

Risk-weighted asset

RiskLab

RiskMetrics

RNPV (Risk-adjust net present value)

Robustness

Roll-up (merger)

Round lot

Roy's safety-first criterion

Royal Bounty Fund

RTS index

Rule of Thumb

Russell 2000

Russell Indexes

s

S&P 500

S&P 500 Index

S&P 500 VIX index

S&P Midcap 400

S&P Midcap 400/BARRA Growth

S&P Midcap 400/BARRA Value

S&P SmallCap 600

S&P SmallCap 600/BARRA Growth

S&P SmallCap 600/BARRA Value

S&P Vietnam 10 Index

S&P/ASX 200 index

S&P/ASX 300

S&P/TSX index

S&P/TSX Venture Composite Index

Sales density

Same-day affirmation

Santa Claus rally

Savings

Savings account

SBF 250

Scalping definition

Schufa

Scrip issue

SD (credit rating)

SDAX (Small Cap)

Seasoned equity offering

Secondary Market

Secondary market offering

Secondary shares

Sector indices

Securities

Securities market

Securities market participants

Securities offering

Security agreement

Security Analysis

Security interest

Selling climax

Sensitivity Analysis

Sentiment Trading

Sentimental

Sentimental value

Sesame Credit

SET Index

SET100 Index

SET50 Index

SETHD Index

Settlement date

Shadow banking system

Shadow stock

Shanghai index

Shanghai Stock Exchange

Shape risk

Share (Stock)

Share buyback

Share purchase issue

Shareholder

Sharpe Ratio

Shelf registration

Shenzhen Stock Exchange

Short Position

Short Selling

Short-term investment fund

Short-term rating

Silver exchange-traded product

Silver Parachute

Single-loss expectancy (SLE)

Single-tranche CDO

SITRA

SIX Swiss Exchange

Size indices

Slippage

Slush fund

SmallCap 2000 index

Smaller reporting company

Social dividend

Social earnings ratio

Social Enterprise Investment Fund

Social return on investment

Social trading

Socially responsible investing (SRI)

Société Générale

SOFIX

Sola Access Information Language

Solvency cone

Solvency II Directive 2009

Solvent

Sortino ratio

Sovereign

Sovereign credit rating

Sovereign default

Sovereign investment fund

Sovereign Wealth Fund

Special Dividend

Special memorandum account (SMA)

Specialized investment fund

Specific risk

Spectral risk measure (SRM)

Speculative attack

Speculative demand

Speculative grade liquidity

Spin-off

Split share corporation

Spot

Spot contract

Spot date

Spread (Difference)

Spread trade

Squeeze-out

SSE Composite Index

Stable value fund

Standard & Poor's

Standard & Poor's rating

Standardised approach (credit risk)

State prices

Statistical arbitrage

Statmetrics

Statutory liquidity ratio

Sterling ratio

Stock certificate

Stock Code

Stock correlation network

Stock Dividend

Stock ETF

Stock fund

Stock Index

Stock Market

Stock market bubble

Stock market data systems

Stock market prediction

Stock market simulator

Stock quote

Stock selection criterion

Stock Split

Stock transfer agent

Stock valuation

Stockjobber

StockTwits

Stop Order

Stop Out

Strategy indices

Stress Test

Strike price = exercise price

Structured Finance

Structured investment vehicle

Structured note

Structured Product

Stub

Style Indices

Subprime mortgage crisis

Subscription

Subscription price

Subscription rights

Sumitomo Mitsui Financial Group

Supply

Support and resistance

Sustainable growth rate

Swap dealer

Swap Execution Facility

Swap Rate

Swap spread

Swap transaction

Swing trading definition

Swiss Market Index (SMI)

Synthetic CDO

Synthetic ETF

Systematic trading

Systemic Risk

x

XVA