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Appreciation

The increase in the value of a financial or physical asset over its normal life-time or a specific period of…

Acceptance

A promise to pay which is made when the drawee of a time draft (bill of exchange) writes the word…

Average Daily SOFR

A method for calculation of SOFR (secured overnight financing rate)- a type of daily SOFR- that represents a daily weighted...

Abandonment

A situation where an owner intentionally and completely relinquishes all rights, titles, or claims to a property or an asset...

Agency Cost

The incremental cost which is paid by a principal to an agent who is supposed to make decisions, manage affairs...

Accepting House

In the United Kingdom, a financial company (such as a bank, merchant bank, etc) that endorses a bill of exchange…

Advance Refunded Bond

A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. An advance…

Approved Deferred Share Trust

A trust fund that a company creates for the purpose of buying shares in itself for the sake and benefit…

A-Shares

A share of common stock, commonplace in the United Kingdom, that confers rent rights, but no control rights, on its…

Active Management Return

The return which is earned by an actively managed portfolio in excess and over an average market return (benchmark). Active…