Bank For International Settlements
The Bank for International Settlements (BIS) is an international financial institution that provides central banking services to its member banks. It al…
Balance Sheet
The balance sheet is a financial statement that provides an overview of a company’s assets, liabilities and shareholder equity. The balance sheet can be…
Balance Sheet Analysis
Balance sheet analysis is the process of reviewing a company’s financial statement in order to better understand its financial health. The balance sheet…
Bank
A bank is a financial institution that accepts deposits from customers and makes loans to borrowers. The finance industry uses banks to help businesses …
At-The-Money
At-the-money is a term used to describe an option contract with an exercise price that is equal to the underlying asset’s current market price. In order…
Automated Trading
Automated trading is the process of using computers to place trades automatically based on pre-determined criteria. This type of trading has become incr…
Automatic Teller Machine
An automatic teller machine (ATM) is a machine that provides customers with access to their bank accounts 24 hours a day, 7 days a week. ATMs are conven…
Bachelor of Business Administration
The Bachelor of Business Administration (BBA) is a four-year undergraduate degree program that prepares students for a career in business. The BBA curri…
Asset Location
Asset location is the placement of different types of assets within a portfolio. The idea behind asset location is to optimize a portfolio’s performance…
Bachelor of Accountancy
The Bachelor of Accountancy (BAcc) is a four-year undergraduate degree that prepares students for a career in accounting. The BAcc curriculum includes c…
Auditing
Auditing is the process of investigating the financial statements of an organization to ensure that they are accurate and compliant with generally accep…
Association of Corporate Treasurers
The Association of Corporate Treasurers (ACT) is a finance professional body. It represents and supports corporate treasurers and finance professionals …
Asset Swap Spread
An asset swap spread is the difference between the yield of a fixed-rate bond and the yield of a floating-rate note with the same underlying cash flows….
Asset Allocation
Asset allocation is an investment strategy that involves dividing an investment portfolio among different asset categories, such as stocks, bonds and ca…
Asset Swap
An asset swap is a type of financial transaction in which two parties exchange different kinds of assets in order to receive more favorable terms. The a…
Asset
An asset is anything that can be used to produce value or wealth. It may be a physical object, such as a factory, piece of land, or natural resource; it…
Asset Classes
Asset classes are defined as a group of investments that share similar characteristics and behave similarly in the marketplace. The three major asset cl…
Asset Pricing
Asset pricing is the process of determining the correct price for a financial asset, based on its inherent risk and expected return. The prices of asset…
Asian Financial Crisis
The 1997 Asian financial crisis was a period of financial instability in East Asia that began with the collapse of the Thai baht in July 1997. The crisi…
Artificial Neural Network
An Artificial Neural Network (ANN) is a computational model that is inspired by the way biological nervous systems, such as the brain, process informati…
Asian Option
An Asian option is a type of exotic finance option where the payoff is based on the average price of the underlying asset during the life of the option….
Arbitrage-Free
Arbitrage-free is a term used in finance to describe a situation where there is no potential for making an arbitrage profit. An arbitrage profit is made…
Arch Model
An “Arch model” is a finance model that is used to describe the relationship between two variables. The model is based on the assumption that there is a…
Arbitrage
Arbitrage is the process of taking advantage of a price difference between two or more markets. In finance, arbitrage is often used to refer to the prac…
Arbitrage Pricing Theory
Arbitrage pricing theory is a finance theory that deals with how asset prices are determined. It is based on the idea that asset prices are determined b…
Annuities
An annuity is an insurance product that allows you to receive a stream of payments in exchange for an upfront investment. The payments can be made on a …
Annuity
An annuity is a financial product that pays out a fixed stream of payments over a period of time. Annuities can be used for a variety of purposes, inclu…
American Option
An American option is a type of financial contract that gives the holder the right to either buy or sell an underlying asset at a specified price on or …
Agricultural Policy
Agricultural policy is the government’s strategy for developing and maintaining the agricultural sector of the economy. The policy has several objective…
Algorithmic Trading
Algorithmic trading is a type of trading that uses computer algorithms to automatically make trades. This type of trading has become increasingly popula…
Annual Percentage Rate
The Annual Percentage Rate (APR) is the cost of borrowing money, expressed as a percentage of the total loan amount. APR includes the interest rate, any…
Altman Z-Score
The Altman Z-Score is a statistical model used to predict the probability of bankruptcy within two years. The score is based on five financial ratios: w…
Aftermarket
The aftermarket is the market where securities are traded after their initial public offering (IPO). The aftermarket is important because it provides li…
Actuarial Topics
An actuarial topic is a technique that uses mathematical and statistical methods to assess risk in finance, insurance, and other industries. It is an im…
Advising Bank
The advising bank is the financial institution that provides assurances to the exporter that payment will be received. The advising bank may also be kno…
Actuarial Science
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in finance, insurance, and other industries and pro…
Adjusted Present Value
The Adjusted Present Value (APV) is the net present value of a project when both debt and equity financing are considered. The APV method is used to fin…
Actuarial Credentialing And Exams
An actuarial credential is a professional designation earned by completing a series of examinations administered by one of the following organizations: …
Activity Based Costing
Activity-based costing (ABC) is a costing method that assigns indirect costs to products and services based on the activities that are associated with t…
Activist Shareholder
An activist shareholder is an individual or group that buys large numbers of a public company’s shares and/or tries to obtain seats on the board with th…