ABS

Asset Backed Security

ABO

Accumulated Benefit Obligation

AD

Aggregate Demand

ADR

American Depository Receipts

AE

Aggregate Expenditure

AFS

Available for Sale

AICPA

American Institute of Certified Public Accountants

AMEX

American Stock Exchange

ANOVA

Analysis of Variance

APB

Accounting Principles Board

APT

Arbitrage Pricing Theory

AS

Aggregate Supply

ATC

Average Total Cost

AVC

Average Variable Cost

B/S

Balance Statement

BI

Beginning Inventory

BOP

Balance of Payments

BP

Basis Point

BV

Book Value

BPV

Basis Point Value

CA

Current Assets

CAPM

Capital Asset Pricing Model

CBO

Collateralized Bond Obligation

CD

Certificate of Deposit

CDC

Center for Disease Control

CF

Conversion Factor

CF

Cash Flow

CFF

Cash Flow from Financing

CFI

Cash Flow from Investing

CFO

Cash Flow from Operations

CFROI

Cash Flow Return on Investment

CL

Current Liabilities

CML

Capital Market Line

CMO

Collateralized Mortgage Obligations

COMEX

Commodities Exchange (a division of the New York Mercantile Exchange)

CPR

Conditional Prepayment Rate

COGS

Cost of Goods Sold

CPPI

Constant Proportion Portfolio Insurance

CPI

Consumer Price Index

CTD

Cheapest to Deliver

D/E

Debt to Equity

DC

Domestic Currency

DCF

Discounted Cash Flow

DDB

Double Declining Balance

DDM

Dividend Discount Model

DFL

Degree of Financial Leverage

DOL

Degree of Leverage

DPS

Dividends Per Share

EAA

Equivalent Annual Annuity

EAT

Earnings After Taxes

EAY

Equivalent Annual Yield

EBDIT

Earnings Before Depreciation, Interest, and Taxes

EBITDA

Earnings Before Interest, Taxes, Depreciation. and Amortization

EBIT

Earnings Before Interest and Taxes

EBT

Earnings Before Taxes

EDGAR

Electronic Data Gathering, Analysis & Retrieval (www.sec.gov)

EEC

European Economic Community

EFP

Exchange for Physicals

EI

Ending Inventory

EMH

Efficient Market Hypothesis

EOQ

Economic Order Quantity

EPS

Earnings Per Share

ER

Expected Returns

Es

Expected Risk

ERISA

Employee Retirement Income Security Act

ESOP

Employee Stock Ownership Plans

ETR

Effective Tax Rate

EVA?

Economic Value Added

Fannie Mae

Federal National Mortgage Association

FASB

Financial Accounting Standards Board

FC

Fixed Costs

FC

Foreign Currency

FCF

Free Cash Flow

FFCE

Firms Free Cashflow to Equity

FFCF

Firms Free Cashflow to the Firm

Fed

Federal Reserve Board

FFELP

Federal Family Education Loan Program

FHLB

Federal Home Loan Bank

FIFO

First in First Out

FRA

Forward Rate Agreement

Freddie Mac

Federal Home Loan Bank Corporation

FRN

Floating Rate Note

FRS

Financial Reporting Standard

FTA

Free Trade Agreements

FV

Future Value

FVN

Face Value Naive

GAAP

Generally Accepted Accounting Principles

GATT

General Agreement on Tariffs and Trade

GIPS

Global Investment Performance Standards

GNMA

Government National Mortgage Association (Ginnie Mae)

GDP

Gross Domestic Product

GDR

Global Depository Receipts

Ginnie Mae

Government National Mortgage Association

GNP

Gross National Product

GOB

General Obligation Bonds (or Revenue Bonds)

GSE

Government Sponsored Entities

HEL

Home Equity Loans

I/S

Income Statement

IASC

International Accounting Standards Committee

IFC

International Finance Corporation

IMF

International Monetary Fund

IO strip

Interest Only Strip

IOS

Investment Opportunity Schedule

IPO

Initial Public Offering

IRP

Interest Rate Parity

IRR

Internal Rate of Return

LCM

Lower of Cost or Market (inventory)

LDCs

Less Developed Countries

LIFO

Last in First Out

LBO

Leveraged Buyout

LIBOR

London Interbank Offered Rate

LRAS

Long-Run Aggregate Supply

LRATC

Long Run Average-Total-Cost

LSE

London Stock Exchange

M&A

Merger & Acquisition

M&M

Miller & Modigliani

MACRS

Modified Accelerated Cost Recovery System

MBO

Management Buyout

MBS

Mortgage Backed Securities

MC

Marginal Cost

MCC

Marginal Cost of Capital

MPC

Marginal Propensity to Consume

MD&A

Management Discussion and Analysis

MIRR

Modified Internal Rate of Return

MLP

Minimum Lease Payment

MPC

Marginal Propensity to Consume

MSCI

Morgan Stanley Capital International

MTM

Marked to Market

MTN

Medium-Term Note

MVA

Market Value Added

MVN

Market Value Naive

NAFTA

North American Free Trade Agreement

NAREIT

National Association of Real Estate Investment Trust

NAS

Non-Accelerating Senior

NASDAQ

National Association of Securities Dealers Automated Quotation

NAV

Net Asset Value

NCF

Net Cash Flow

NCREIF

National Council of Real Estate Investment Fiduciaries

NOI

Net Operating Income

NOPLAT

Net Operating Profit Less its Adjusted Taxes

NPV

Net Present Value

NWAC

Net Weighted Average Coupon

NX

Net Exports

NYSE

New York Stock Exchange