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Banking

GL

It’s stands for general ledger; a bookkeeping ledger in which accounting figures (related to transactions and events) are recorded as…

NP NFA

An acronym for non-produced non-financial asset; an economic resource that is available or has come into existence without human intervention...

IPO GMP

It stands for initial public offering grey market premium; the per-share premium an initial public offering (IPO) commands in the...

PDV

An acronym for present discounted value; the value (also known as present value) that is calculated today for a stream...

PV

It stands for present value; the value that is calculated today for a stream of future payments associated with, i.e.,...

CC

It stands for capped call; a structured product that does provide full, or at least partial, capital protection subject to...

SQB

It stands for status quo bias; a term describing the tendency of humans to go along with the status quo...

UC

It stands for uncapped call; an uncapped capital protection product that replicates the payoff of a call option. It offers...

RMBS

It stands for residential mortgage-backed security; a debt security that pays out based on payments from a pool of individual...

ECO

It stands for equity carve-out; an initial public offering (IPO)/ initial public sale of a minority interest (e.g., 20% or...