Acronyms

9/7/2014 Acronyms

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Acronyms

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 Z

A


ABS Asset Backed SecurityABO Accumulated Benefit ObligationAD Aggregate DemandADR American Depository ReceiptsAE Aggregate ExpenditureAFS Available for SaleAICPA American Institute of Certified Public AccountantsAMEX American Stock ExchangeANOVA Analysis of VarianceAPB Accounting Principles BoardAPT Arbitrage Pricing TheoryAS Aggregate SupplyATC Average Total CostAVC Average Variable Cost

B


B/S Balance StatementBI Beginning InventoryBOP Balance of PaymentsBP Basis PointBV Book ValueBPV Basis Point Value

C


CA Current AssetsCAPM Capital Asset Pricing ModelCBO Collateralized Bond ObligationCD Certificate of DepositCDC Center for Disease ControlCF Conversion FactorCF Cash FlowCFF Cash Flow from FinancingCFI Cash Flow from InvestingCFO Cash Flow from OperationsCFROI Cash Flow Return on InvestmentCL Current Liabilities

9/7/2014 Acronyms


CML Capital Market LineCMO Collateralized Mortgage ObligationsCOMEX Commodities Exchange (a division of the New York Mercantile Exchange)CPR Conditional Prepayment RateCOGS Cost of Goods SoldCPPI Constant Proportion Portfolio InsuranceCPI Consumer Price IndexCTD Cheapest to Deliver

D


D/E Debt to EquityDC Domestic CurrencyDCF Discounted Cash FlowDDB Double Declining BalanceDDM Dividend Discount ModelDFL Degree of Financial LeverageDOL Degree of LeverageDPS Dividends Per Share

E


EAA Equivalent Annual AnnuityEAT Earnings After TaxesEAY Equivalent Annual YieldEBDIT Earnings Before Depreciation, Interest, and TaxesEBITDA Earnings Before Interest, Taxes, Depreciation. and AmortizationEBIT Earnings Before Interest and TaxesEBT Earnings Before TaxesEDGAR Electronic Data Gathering, Analysis & Retrieval (www.sec.gov)EEC European Economic CommunityEFP Exchange for PhysicalsEI Ending InventoryEMH Efficient Market HypothesisEOQ Economic Order QuantityEPS Earnings Per ShareER Expected ReturnsEs Expected RiskERISA Employee Retirement Income Security ActESOP Employee Stock Ownership PlansETR Effective Tax RateEVA® Economic Value Added

F


9/7/2014 Acronyms


Fannie Mae Federal National Mortgage AssociationFASB Financial Accounting Standards BoardFC Fixed CostsFC Foreign CurrencyFCF Free Cash FlowFFCE Firms Free Cashflow to EquityFFCF Firms Free Cashflow to the FirmFed Federal Reserve BoardFFELP Federal Family Education Loan ProgramFHLB Federal Home Loan BankFIFO First in First OutFRA Forward Rate AgreementFreddie Mac Federal Home Loan Bank CorporationFRN Floating Rate NoteFRS Financial Reporting StandardFTA Free Trade AgreementsFV Future ValueFVN Face Value Naive

G


GAAP Generally Accepted Accounting PrinciplesGATT General Agreement on Tariffs and TradeGIPS Global Investment Performance StandardsGNMA Government National Mortgage Association (Ginnie Mae)GDP Gross Domestic ProductGDR Global Depository ReceiptsGinnie Mae Government National Mortgage AssociationGNP Gross National ProductGOB General Obligation Bonds (or Revenue Bonds)GSE Government Sponsored Entities

H


HEL Home Equity Loans

I


I/S Income StatementIASC International Accounting Standards CommitteeIFC International Finance CorporationIMF International Monetary FundIO strip Interest Only StripIOS Investment Opportunity Schedule

9/7/2014 Acronyms


IPO Initial Public OfferingIRP Interest Rate ParityIRR Internal Rate of Return

L


LCM Lower of Cost or Market (inventory)LDCs Less Developed CountriesLIFO Last in First OutLBO Leveraged BuyoutLIBOR London Interbank Offered RateLRAS Long-Run Aggregate SupplyLRATC Long Run Average-Total-CostLSE London Stock Exchange

M


M&A Merger & AcquisitionM&M Miller & ModiglianiMACRS Modified Accelerated Cost Recovery SystemMBO Management BuyoutMBS Mortgage Backed SecuritiesMC Marginal CostMCC Marginal Cost of CapitalMPC Marginal Propensity to ConsumeMD&A Management Discussion and AnalysisMIRR Modified Internal Rate of ReturnMLP Minimum Lease PaymentMPC Marginal Propensity to ConsumeMSCI Morgan Stanley Capital InternationalMTM Marked to MarketMTN Medium-Term NoteMVA Market Value AddedMVN Market Value Naive

N


NAFTA North American Free Trade AgreementNAREIT National Association of Real Estate Investment TrustNAS Non-Accelerating SeniorNASDAQ National Association of Securities Dealers Automated QuotationNAV Net Asset ValueNCF Net Cash FlowNCREIF National Council of Real Estate Investment Fiduciaries

9/7/2014 Acronyms


NOI Net Operating IncomeNOPLAT Net Operating Profit Less its Adjusted TaxesNPV Net Present ValueNWAC Net Weighted Average CouponNX Net ExportsNYSE New York Stock Exchange

O


OAS Option Adjusted SpreadOCC Options Clearing CorporationOPM Option Pricing ModelOTC Over the Counter

P


P PurchasesPAC Planned Amortization ClassPAS Planned Amortization SecuritiesPBO Projected Benefit ObligationP/B Price to Book ValuePBP Payback PeriodP/BV Price/Book ValueP/CF Price/Cash FlowP/E Price to EarningsPEH Pure Expectations HypothesisPO strip Principal Only StripPP&E Property, Plant, and EquipmentPPC Prospectus Prepayment CurvePPP Purchasing Power ParityPS Price SensitivityP/S Price/Sales RatioPSA Public Securities AssociationPV Present ValuePVBP Price Value of a Basis Point

R


R&D Research & DevelopmentRE Retained EarningsREIT Real Estate Investment TrustRGR Regression ModelROA Return on AssetsROE Return on Equity

9/7/2014 Acronyms


ROI Return on InvestmentRR Retention Rate

S


Sallie Mae Student Loan Marketing AssociationSBA Small Business AdministrationSCF Statement of Cash FlowSDR Special Drawing RightsSEC Securities Exchange CommissionSFAC Statement of Financial Accounting ConceptsSFAS Statement of Financial Accounting StandardsSLABS Student Loan Asset-Backed SecuritiesSML Security Market LineSMM Single-Monthly Mortality RateSoCF Statement of Cash FlowsSRAS Short Run Aggregate SupplySTRIP Separate Trading of Registered Interest and Principal SecuritiesSWIFT Society for Worldwide Interbank Financial TelecommunicationsSYD Sum of the Year’s Digits

T


TA Total AssetsTAC Tactical Amortization ClassTIPS Treasury Inflation Protected SecurityTSE Tokyo Stock ExchangeTVA Tennessee Valley Authority

U


USD United States Dollar

V


VAR Value at RiskVER Voluntary Export RestraintsVL Value Line

W

9/7/2014 Acronyms



WAC Weighted Average CouponWACC Weighted Average Cost of CapitalWAM Weighted Average Maturitywi when issuedWTO World Trade Organization

Y


YTC Yield to CallYTM Yield to Maturity

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