Finance, GMAT, LSAT & MCAT Glossaries
- Interquartile Range (IQR)
- Permutation
- STEM Score
- ACT Core Test
- Appositive
- Restrictive Clause
- Blind Review
- Backsolving
- Control Group
- Equating
- Expected Value
- Imaginary Unit (i)
- Logarithm
- Percentile
- Plugging In Numbers
- Process of Elimination
- Point of View
- Residual
- Combination
- Completing the Square
- Radian
- Reference Angle
- Special Right Triangles
- Transition
- Mathematics Test
- Comparative Reading
- Replication
- Test Information Release
- Absolute Value
- Data Representation
- FANBOYS
- Hypothesis
- Inverse Variation
- Quadratic Formula
- Knowledge of Language
- Statistics and Probability
- Nonessential Element
- Comma Splice
- Confounding Variable
- Ideas and Analysis
- Inference
- Least Common Multiple (LCM)
- Unit Circle
- Vieta’s Formulas
- Raw Score
- Number and Quantity
- Textual Evidence
- Line of Best Fit
- Placebo
- Coordinate Adjectives
- Distance Formula
- Evidence Rule
- Midpoint Formula
- Modulus
- Tone
- Integration of Knowledge and Ideas
- Geometry
- Pacing Checkpoint
- Change of Base Formula
- Composite Score
- Law of Sines
- Passage Map
- Pivot Word
- Subject-Verb Agreement
- Vocabulary-in-Context
- Optional Science Test
- Optional Writing Test
- Key Ideas and Details
- Integrating Essential Skills
- Logical Sequence
- Correlation Coefficient (r)
- Dependent (Subordinate) Clause
- Extrapolation
- Factor Theorem
- Function Transformation
- Greatest Common Factor (GCF)
- Idiom
- Run-on (Fused Sentence)
- Sinusoid Parameters
- SOHCAHTOA
- Superscore
- System of Equations
- English Test
- Reading Test
- Random Sample
- Arithmetic Sequence
- Author's Purpose
- Conditional Probability
- Paired Passage
- Standard Deviation
- Weighted Mean
- Section Score
- Reporting Category
- Craft and Structure
- Modeling
- Complex Number
- Conjugate
- Function
- Law of Cosines
- Pronoun Case
- Determinant
- Percent Change
- Stop / Half-Stop / Go Framework
- Score Range
- Algebra
- Scientific Investigation
- Back-15 Strategy
- Compound Predicate
- Conservation Laws
- Dangling Modifier
- Dependent Variable (DV)
- Geometric Sequence
- Main Idea
- Mycorrhizae
- Pythagorean Theorem
- Slope-Intercept Form
- Two-Pass System
- Conventions of Standard English
- Development and Support
- Fundamental Counting Principle
- Preparing for Higher Math
- Rhetorical Purpose
- Margin of Error
- Conflicting Viewpoints
- Denaturation
- Distractor
- Five-Number Summary
- Interpolation
- Production of Writing
- Vertex Form
- Field-Test Item
- Verb Tense Consistency
- Axis of Symmetry
- Direct Variation
- Discriminant
- Iron Law of Guessing
- Pronoun-Antecedent Agreement
- Pythagorean Triple
- Triage
- Interpretation of Data
- Evaluation of Models, Inferences, and Experimental Results
- Misplaced Modifier
- Experimental Design
- Error Log
- Enhanced ACT
- Independent Clause
- Independent Variable (IV)
- Matrix Multiplication
- Parallelism
- Research Summaries
- Commercial Mortgage-Backed Security (CMBS)
- Companion (Support) bond
- Home Equity Loan (HEL)
- Liquidity facility
- Loss severity
- Master servicer
- Ramp-up period
- Reserve account
- Servicing asset
- Special purpose entity (SPE)
- Weighted average coupon (WAC)
- Debt service coverage ratio (DSCR)
- Eligible receivables
- Grantor trust
- Pooling and servicing agreement (PSA)
- Rule 144A
- Subordination
- TBA (To Be Announced)
- Tranche
- Auction call
- Basis risk
- Controlled amortization
- CRE CLO
- Master trust
- SMM (Single Monthly Mortality)
- Backup servicer
- Cap rate
- Cleanup call
- L-Shaped Retention
- Overcollateralization (OC)
- Pari passu
- Recourse
- Base rate
- Nominal spread
- Non-agency MBS
- Par
- Recovery rate
- Single-Asset / Single-Borrower (SASB)
- Available funds cap
- Collateralized Debt Obligation (CDO)
- Collection period
- Conduit CMBS
- Debt yield
- Dilution
- Lockbox
- Trigger event
- Agency MBS
- Cumulative net loss (CNL)
- Early amortization
- FICO
- Interest-only (IO)
- Securitization
- Waterfall
- Bankruptcy-remote
- Loan modification
- Non-recourse
- Refi efficiency
- Residual
- Swap counterparty
- Vertical Risk Retention (VRR)
- Charge-off
- Excess interest collections
- Net operating income (NOI)
- Pay-through
- Rating trigger
- Weighted average maturity (WAM)
- Z-spread (zero-volatility spread)
- Cross-collateralization
- Excess spread
- Issuance volume
- Step-down
- Weighted average life (WAL)
- Cash flow waterfall priority
- Finance lease
- Horizontal Risk Retention (HRR)
- Option-adjusted spread (OAS)
- Prepayment burnout
- STS (Simple, Transparent, Standardised)
- Credit enhancement
- PAC (Planned Amortization Class)
- Pass-through
- Public Securities Association model (100% PSA)
- Senior-sub structure
- Delinquency
- Extension risk
- Portfolio yield
- Prepayment
- Servicer
- Surety bond
- Yield maintenance
- Advance rate
- Appraisal Reduction Amount (ARA)
- CPR (Conditional Prepayment Rate)
- Defeasance
- Effective gross income (EGI)
- LIBOR transition / SOFR conversion
- Loan-to-value (LTV)
- Negative convexity
- Pro rata
- Revolving period
- Sequential pay
- Servicing transfer
- Variable Interest Entity (VIE)
- Workout fee
- B-piece
- Cash trapping
- Forbearance
- Rep and warranty (R&W)
- Shifting interest
- Special servicer
- Absolute Prepayment Speed (ABS)
- Controlling class
- Gross Yield
- Monthly Payment Rate (MPR)
- Pre-funding account
- Regulation AB / Reg AB II
- Real Estate Mortgage Investment Conduit (REMIC)
- Servicing advance
- True sale
- Amortizing Loan
- Days Inventory Outstanding (DIO)
- Days Payables Outstanding (DPO)
- Distressed Multiple
- EBITDA
- Mandatory Prepayment
- Transfer and Convertibility (T&C) Risk
- Capital Structure
- Event of Default
- Indenture
- Most Favored Nation (MFN)
- Risk-Weighted Assets (RWA)
- Single-B
- ABL (Asset-Based Lending)
- Bridge Loan
- DIP Financing
- Hazard Rate
- Intercreditor Agreement
- Notching
- Revolving Credit Facility (Revolver)
- Trustee
- CCC / Caa Rating
- Cramdown
- CreditMetrics
- Fallen Angel
- Negative Covenant
- Through the Cycle
- Anchor Rating
- Automatic Stay
- BBB / Baa Rating
- CFO (Cash Flow from Operations)
- MAC Clause (Material Adverse Change)
- Senior Secured
- Sponsor / Sponsorship
- Z-Spread
- FOCF (Free Operating Cash Flow)
- HoldCo / OpCo
- Pari Passu
- Zero-Coupon Bond
- AAA / Aaa Rating
- Asset Swap Spread (ASW)
- Chapter 11
- CLO (Collateralized Loan Obligation)
- Convertible Bond
- EL (Expected Loss)
- FCF (Free Cash Flow)
- Going Concern
- IBR (Internal Ratings-Based)
- Interest Coverage Ratio
- Rating Outlook
- Restricted Payments
- Senior Unsecured
- Collateral Coverage Ratio
- CreditWatch
- DCF (Discretionary Cash Flow)
- Debtor in Possession
- EAD (Exposure at Default)
- Maintenance Covenant
- Working Capital
- Affirmative Covenant
- Builder Basket
- DSCR (Debt Service Coverage Ratio)
- ESG Credit Risk
- Expected Default Frequency (EDF)
- Investment Grade
- LGD (Loss Given Default)
- PD (Probability of Default)
- Priority of Claims
- Rising Star
- Sovereign Ceiling
- Unitranche
- Bullet Maturity
- COMI (Centre of Main Interests)
- FCCR (Fixed Charge Coverage Ratio)
- G-Spread
- Structural Subordination
- Subordinated
- Transition Matrix
- Unrestricted Subsidiary
- WHOA
- Advance Rate
- Change of Control
- Cross-Default
- Distance to Default
- Pre-Pack
- Seasoning
- UL (Unexpected Loss)
- Adequate Protection
- Covenant-Lite
- Distressed Exchange
- I-Spread
- Liquidation Value
- PIK (Payment-in-Kind)
- Springing Maturity
- Term Loan A / B
- Workout
- Basis (CDS-Bond)
- Bond Indenture (Trust Indenture)
- Chapter 7
- Cumulative Default Rate
- Default Rating (D)
- Equity Cure
- Face Value
- Recovery Waterfall
- Commercial Paper
- Debt / EBITDA
- Fulcrum Security
- Merton Model
- Mezzanine Debt
- MOIC (Multiple on Invested Capital)
- Absolute Priority Rule
- Altman Z-Score
- Basel Framework
- BB / Ba Rating
- Cash Conversion Cycle (CCC)
- Incurrence Covenant
- Leveraged Loan
- Recovery Rate
- Restructuring Plan
- Spread (Credit)
- Daily Sales Outstanding (DSO)
- FFO (Funds From Operations)
- High Yield
- ICR (Issuer Credit Rating)
- Net Debt / Net Leverage
- OAS (Option-Adjusted Spread)
- Bail-in
- Basis point (bp)
- Floating-rate note (FRN)
- Loss given default (LGD)
- Market flex