Finance, GMAT, LSAT & MCAT Glossaries
- Absolute Value
- Correlation Coefficient (r)
- Dangling Modifier
- Equating
- Evidence Rule
- Independent Variable (IV)
- Interquartile Range (IQR)
- Inverse Variation
- Law of Sines
- Matrix Multiplication
- Reference Angle
- Subject-Verb Agreement
- Triage
- Integration of Knowledge and Ideas
- Modeling
- Algebra
- Evaluation of Models, Inferences, and Experimental Results
- Appositive
- Logical Sequence
- Textual Evidence
- Line of Best Fit
- Residual
- Placebo
- Change of Base Formula
- Comma Splice
- Completing the Square
- Conditional Probability
- Conflicting Viewpoints
- Determinant
- Distance Formula
- Function Transformation
- Greatest Common Factor (GCF)
- Idiom
- Independent Clause
- Parallelism
- Quadratic Formula
- Research Summaries
- Standard Deviation
- Key Ideas and Details
- Preparing for Higher Math
- Integrating Essential Skills
- Nonessential Element
- Experimental Design
- Author's Purpose
- Composite Score
- Compound Predicate
- Expected Value
- Least Common Multiple (LCM)
- Production of Writing
- Slope-Intercept Form
- Vieta’s Formulas
- Arithmetic Sequence
- Combination
- Conservation Laws
- Distractor
- Extrapolation
- Factor Theorem
- Ideas and Analysis
- Interpolation
- Passage Map
- Pronoun-Antecedent Agreement
- Sine, Cosine, and Tangent Mnemonic (SOH-CAH-TOA)
- Special Right Triangles
- Weighted Mean
- Knowledge of Language
- Scientific Investigation
- Comparative Reading
- Random Sample
- Control Group
- Coordinate Adjectives
- Discriminant
- Fundamental Counting Principle
- Hypothesis
- Inference
- Midpoint Formula
- Percentile
- Radian
- Science, Technology, Engineering, and Mathematics (STEM) Score
- Vertex Form
- Vocabulary-in-Context
- English Test
- Raw Score
- Conventions of Standard English
- Statistics and Probability
- Restrictive Clause
- Misplaced Modifier
- Rhetorical Purpose
- Conjugate
- Dependent (Subordinate) Clause
- Dependent Variable (DV)
- Enhanced ACT
- Five-Number Summary
- Imaginary Unit (i)
- Modulus
- Pythagorean Theorem
- Unit Circle
- ACT Core Test
- Geometry
- Verb Tense Consistency
- Point of View
- Margin of Error
- Replication
- Complex Number
- Confounding Variable
- Data Representation
- Denaturation
- Function
- Law of Cosines
- Logarithm
- Paired Passage
- Percent Change
- Pythagorean Triple
- Sinusoid Parameters
- System of Equations
- Transition
- Reading Test
- Interpretation of Data
- Pronoun Case
- Axis of Symmetry
- Development and Support
- Direct Variation
- Coordinating Conjunctions: For, And, Nor, But, Or, Yet, So (FANBOYS)
- Geometric Sequence
- Main Idea
- Permutation
- Run-on (Fused Sentence)
- Tone
- Craft and Structure
- Number and Quantity
- Conventions: Grammar & Usage
- Conventions: Sentence Structure
- Conventions: Punctuation
- Functions
- Available funds cap
- Cap rate
- Cash flow waterfall priority
- Controlling class
- Debt service coverage ratio (DSCR)
- Debt yield
- Fair Isaac Credit Score (FICO)
- L-Shaped Retention
- Non-agency MBS
- Shifting interest
- Weighted average maturity (WAM)
- Workout fee
- Advance rate
- Commercial Real Estate Collateralized Loan Obligation (CRE CLO)
- Dilution
- Excess interest collections
- Extension risk
- Net operating income (NOI)
- Par
- Revolving period
- Collection period
- Defeasance
- Early amortization
- Finance lease
- Lockbox
- Portfolio yield
- Prepayment burnout
- Ramp-up period
- Sequential pay
- Servicing transfer
- Surety bond
- Swap counterparty
- Trigger event
- True sale
- Waterfall
- Weighted average coupon (WAC)
- CPR (Conditional Prepayment Rate)
- Cumulative net loss (CNL)
- Delinquency
- Excess spread
- Gross Yield
- Interest-only (IO)
- Issuance volume
- Monthly Payment Rate (MPR)
- Negative convexity
- PAC (Planned Amortization Class)
- Senior-sub structure
- Servicing asset
- SMM (Single Monthly Mortality)
- Yield maintenance
- Appraisal Reduction Amount (ARA)
- Auction call
- Basis risk
- Cleanup call
- Collateralized Debt Obligation (CDO)
- Commercial Mortgage-Backed Security (CMBS)
- Forbearance
- Master trust
- Nominal spread
- Option-adjusted spread (OAS)
- Overcollateralization (OC)
- Pay-through
- Pooling and servicing agreement (PSA)
- Pre-funding account
- Public Securities Association model (100% PSA)
- Regulation AB / Reg AB II
- Reserve account
- Servicer
- Servicing advance
- Special servicer
- Variable Interest Entity (VIE)
- Z-spread (zero-volatility spread)
- Absolute Prepayment Speed (ABS)
- B-piece
- Backup servicer
- Cash trapping
- Charge-off
- Grantor trust
- Home Equity Loan (HEL)
- Horizontal Risk Retention (HRR)
- London Interbank Offered Rate (LIBOR) Transition and SOFR Conversion
- Loan modification
- Loan-to-value (LTV)
- Non-recourse
- Pass-through
- Prepayment
- Rating trigger
- Recourse
- Recovery rate
- Refi efficiency
- Residual
- Securitization
- Step-down
- STS (Simple, Transparent, Standardised)
- TBA (To Be Announced)
- Tranche
- Bankruptcy-remote
- Base rate
- Conduit CMBS
- Controlled amortization
- Credit enhancement
- Liquidity facility
- Loss severity
- Pari passu
- Pro rata
- Single-Asset / Single-Borrower (SASB)
- Agency MBS
- Companion (Support) bond
- Cross-collateralization
- Effective gross income (EGI)
- Eligible receivables
- Master servicer
- Real Estate Mortgage Investment Conduit (REMIC)
- Rep and warranty (R&W)
- Rule 144A
- Special purpose entity (SPE)
- Subordination
- Vertical Risk Retention (VRR)
- Weighted average life (WAL)
- CLOs & Structured Credit
- Asset Backed Securities
- Asset Specific Nuances
- Collateral & Cash Flow Modeling
- Regulatory, Syndication & Live Deal Processing
- Tranching & Structural Mechanics
- Cash Flow Waterfalls & Triggers
- Backwardation / contango
- Central limit theorem
- Covenant
- Deferred tax liability/asset
- Duration gap
- High-water mark
- Money duration
- Money-weighted return
- Prepayment risk
- Pseudo-random seed
- The 90-Second Operating Rhythm
- Arbitrage
- Catch-up
- Early amortization
- Empirical duration
- Fallen angel
- Fiscal dominance
- Fraud triangle
- Free float
- Mosaic theory
- Option-adjusted spread
- Periodicity
- Stop order
- Time-weighted return
- Variation margin
- Window dressing
- Accrued interest
- Balance of payments
- Contraction / extension risk
- Derecognition
- Efficiency (estimator)
- If-converted method
- Lockout period
- Matrix pricing
- Notching
- Pull to par
- Sortino ratio
- Standard error of the estimate
- Structural subordination
- Controlled amortization
- Duration (Macaulay/modified/effective)
- Impairment
- Investment property
- Key rate duration
- Look-ahead bias
- Negative convexity
- Profitability index
- Sum-of-the-parts
- Time tranching
- Treasury stock method
- Z-spread
- Antidilutive security
- Coefficient of variation
- Conditional expectation
- Currency board
- Discouraged worker
- Effective interest method
- Justified multiple
- On-the-run
- Quality spectrum
- Repurchase agreement
- Residual income
- Sharpe ratio
- Unearned (deferred) revenue
- Add-on rate
- American vs European waterfall
- Base rate
- Bond-equivalent yield
- Bootstrap resampling
- Covered bond
- Credit enhancement
- Crossover rate
- Discount margin
- Economic profit
- Expected shortfall
- Fiduciary call / protective put
- Geometric mean
- Hedge ratio
- The LIFO-to-FIFO Conversion Protocol
- Topic Triage Methodology
- Willingness vs. ability
- Alternative data
- Basis risk
- Cap rate
- Cash conversion cycle
- Clawback
- Conversion premium
- Effective annual rate
- Efficient frontier
- Material nonpublic information
- Monetary union
- Pecking order
- Put–call parity
- Risk budgeting
- TERP Concept
- Carried interest
- Consistency (estimator)
- Convexity
- Defensive interval ratio
- Enterprise value
- GDP deflator
- Hurdle rate
- Lease receivable
- LIFO reserve
- Minimum efficient scale
- Participation rate
- PEG ratio
- Risk-neutral probability
- Roll yield
- Support tranche
- The Exogenous Spread LVaR Adjustment
- Yield to worst
- Accounting Rule: IFRS Inventory Valuation
- Concept: Standard V(A) - Diligence and Reasonable Basis
- Concept: TWRR
- Accounting Rule: Investment Property (IFRS)
- Concept: Beneficial Ownership
- Concept: Bootstrap Resampling
- Classification of 'Investment Property' under IFRS
- Classification Rule: US\ GAAP Dividends Paid
- Concept: Sustainable Growth Rate (g)
- Concept: Standard of Practice I(B) Independence and Objectivity
- Concept: Harmonic Mean
- Critical Formula: Leveraged Return (R_L)
- Concept: Conversion
- Concept: M^2 (M-squared)
- Concept: Mosaic Theory
- Concept: MWRR
- Classification Rule: US\ GAAP Interest Paid
- Concept: Beta (β_i)
- Concept: Beta (β)
- Concept: Reversal
- Concept: Holding Period Return (HPR)
- Concept: Risk-Neutral Probability (π)
- Critical Formula: Approximation for Real Return
- Critical Formula: Harmonic Mean of n observations (X_H)
- Critical Formula: Holding Period Return (HPR)
- Critical Formula: Log Return Additivity
- Critical Rule: IFRS vs US GAAP Lease Expense
- Critical Formula: Ordinary Annuity Present Value Factor (A)
- Critical Formula: Money-Weighted Rate of Return (MWRR)