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Underwater Asset

An asset that is subject to indebtedness (recourse liability) that exceed its fair market value (FMV). It is an asset...

AUM

It stands for assets under management; a category of assets that are beneficially owned by an entity's clients and not...

Assets Under Management

A category of assets that are beneficially owned by an entity's clients and not reported on its balance sheet, while...

AUA

It stands for assets under administration; a group of assets that are beneficially owned by an entity's clients, while the...

Assets Under Administration

A group of assets that are beneficially owned by an entity's clients, while the entity provides administration services such as...

Multiple Asset Option

Multi-asset option; an exotic option whose payout (payoff) depends on the overall performance of more than one underlying asset, as opposed...

Risk-Off Asset

A category of assets that are supposedly safe or riskless. Examples of safe assets include US treasury bonds, currencies of...

Depreciated Cost

The remaining cost of an asset (particularly a fixed asset) after deducting any accumulated depreciation from the asset's original cost...

Traditional Asset Class

An asset class that consists of traditional types of investments such as local public equity, foreign public equity, fixed-income investment-grade...

Asset Value

The net market value of a firm's assets on a per-share basis. This value refers to the stock of a...