Bloomberg-Financial-Glossary

1BloombergFinancialGlossaryAFifthletterofaNasdaqstocksymbolspecifyingClassAshares.AAIISee:AmericanAssociationofIndividualInvestorsABOSee:AccumulatedBenefitObligationABSSee:AutomatedBondSystemACATSee:AutomatedCustomerAccountTransferACESSee:AdvanceComputerizedExecutionSystemACHSee:AutomatedClearingHouseACRSSee:AcceleratedcostrecoverysystemACUSee:AsiancurrencyunitsADThetwo-characterISO3166countrycodeforANDORRA.ADBSee:AdjustedDebitBalanceADRSee:AmericanDepositoryReceiptADSSee:AmericanDepositoryShareAEThetwo-characterISO3166countrycodeforUNITEDARABEMIRATES.2AEDTheISO4217currencycodeforUnitedArabEmiratesDirham.AEXSee:AmsterdamExchangeAFATheISO4217currencycodeforAfghanAfghani.AFThetwo-characterISO3166countrycodeforAFGHANISTAN.AFMSee:AmmanFinancialMarketAGThetwo-characterISO3166countrycodeforANTIGUAANDBARBUDAAG.AIThetwo-characterISO3166countrycodeforANGUILLAAI.AIBDAssociationofInternationalBondDealersALThetwo-characterISO3166countrycodeforALBANIA.ALLTheISO4217currencycodeforAlbanianLek.ALTAlternativeTradingSystem.Thistermisdefinedundersection301oftheU.S.SecuritiesAct.AMThetwo-characterISO3166countrycodeforARMENIA.AMDTheISO4217currencycodeforArmenianDram.AMEXSee:AmericanStockExchangeAMPS3See:AuctionMarketPreferredStockANThetwo-characterISO3166countrycodeforNETHERLANDSANTILLES.ANGTheISO4217currencycodeforNetherlandsAntillesGuilder.AOThetwo-characterISO3166countrycodeforANGOLA.AONSee:AllornoneorderAORTheISO4217currencycodeforAngolanReajustadoKwanza.AOSSee:AutomatedOrderSystemAPRSee:AnnualPercentageRateAPTSee:ArbitragePricingTheoryAPTSee:AutomatedPitTradingAPVSee:AdjustedPresentValueAPYSee:AnnualPercentageYieldARSee:Auto-RegressiveARCHSee:Auto-RegressiveConditionalHeteroskedasticityAQThetwo-characterISO3166countrycodeforANTARCTICA.4ARThetwo-characterISO3166countrycodeforARGENTINA.ARSTheISO4217currencycodeforArgentinanPeso.ARMSee:Adjustable-ratemortgageARPSSee:Adjustable-ratepreferredstockARPSSee:AuctionratepreferredstockARRSee:AveragerateofreturnASThetwo-characterISO3166countrycodeforAMERICANSAMOA.ASESee:AthensStockExchange.ASXSee:AustralianStockExchangeATThetwo-characterISO3166countrycodeforAUSTRIA.ATPSee:ArbitrageTradingProgramATSTheISO4217currencycodeforAustrianSchilling.AUThetwo-characterISO3166countrycodeforAUSTRALIA.AUDTheISO4217currencycodeforAustralianDollarcurrency.AWThetwo-characterISO3166countrycodeforARUBA.5AWGTheISO4217currencycodeforArubanGuilder.AZThetwo-characterISO3166countrycodeforAZERBAIJAN.AZMTheISO4217currencycodeforAzerbaijaniManat.AAA+BankReferstobanksthatareratedAAAbyIBCA,MoodysInvestorServiceandStandard&Poors.AbandonmentControllingpartygivinguprightstopropertyvoluntarily.AbandonmentoptionTheoptionofterminatinganinvestmentearlierthanoriginallyplanned.ABCagreementAcontractbetweenanemployeeandabrokeragefirmoutliningtherightsofthefirmpurchasinganNYSEmembershipforthatemployee.AbilitytopayReferstotheborrower'sabilitytomakeinterestandprincipalpaymentsondebts.See:Fixedchargecoverageratio.Incontextofmunicipalbonds,referstotheissuer'spresentandfutureabilitytocreatesufficienttaxrevenuetofulfillitscontractualobligations,accountingformunicipalincomeandpropertyvalues.Incontextoftaxation,notionthattaxratesshouldbedeterminedaccordingtoincomeorwealth.AbnormalreturnsThecomponentofthereturnthatisnotduetosystematicinfluences(market-wideinfluences).Inotherwords,abnormalreturnsareabovethosepredictedbythemarketmovementalone.Related:excessreturns.AboveparSee:Par.AbsoluteadvantageAperson,companyorcountryhasanabsoluteadvantageifitsoutputperunitofinputofallgoodsandservicesproducedishigherthanthatofanotherperson,companyor6country.AbsoluteformofpurchasingpowerparityAtheorythatpricesofproductsoftwodifferentcountriesshouldbeequalwhenmeasuredbyacommoncurrency.Alsocalledthelawofoneprice.AbsolutePhysicalLifeTheperiodofuseafterwhichanassethasdeterioratedtosuchanextentthatitcannolongerbeused.AbsolutepriorityRuleinbankruptcyproceedingsrequiringseniorcreditorstobepaidinfullbeforejuniorcreditorsreceiveanypayment.AbsorbedUsedincontextofgeneralequities.Securitiesareabsorbedaslongastherearecorrespondingorderstobuyandsell.Themarkethasreachedtheabsorptionpointwhenfurtherassimilationisimpossiblewithoutanadjustmentinprice.See:Sellthebook.AbusivetaxshelterAlimitedpartnershipthattheIRSjudgestobeclaimingtaxdeductionsillegally.AcceleratedcostrecoveryScheduleofdepreciationratesallowedfortaxpurposes.AccelerationclauseAcontractstatingthattheunpaidbalancebecomesdueandpayableifspecificactionstranspire,suchasfailuretomakeinterestspaymentsontime.AccelerateddepreciationAnydepreciationmethodthatproduceslargerdeductionsfordepreciationintheearlyyearsofaasset'slife.Acceleratedcostrecoverysystem(ACRS),whichisadepreciationscheduleallowedfortaxpurposes,isonesuchexample.AcceptanceContractualagreementinstigatedwhenthedraweeofatimedraftacceptsthedraftbywritingthewordacceptedthereon.Thedraweeassumesresponsibilityastheacceptorandforpaymentatmaturity.See:Letterofcreditandbanker'sacceptance.AccommodativemonetarypolicyFederalReserveSystempolicytoincreasetheamountofm