Banker's Glossary Show A B C D E F G H I J K L M N O P Q R S T U V W X Y Z ABO ABS (2) The name for a convention used to express the rate of prepayments for an asset-backed security. ABS expresses principal prepayments as a percentage of the original number of loans or contracts in the pool of securitized loans that created the security. ABS is always expressed as a monthly rate. Absorption Abstract of title Accelerated depreciation Acceleration Acceleration clause Acceptance Accessions Accommodation maker Account analysis Account control agreement Account debtor Account reconciliation services Accounts Accounts payable Accounts receivable Accounts receivable - trade Accreting swap Accretion Accretion
bond Accrual basis Accrual bond (2) A type of CMO security that does not pay holders periodic interest in cash. Instead, periodic interest for these bonds is accrued. It is added to the principal amount due to the holder at a later date. See Z tranche. Accrual convention Accrued
interest Accumulated benefit obligation (ABO) Accumulated depreciation Accumulator ACH Acid test ratio Active tranche Actual delay days Adjustable-rate mortgage (ARM) Adjusted duration Adjusted trading Administered rates Administrative float Administrative review ADR Advance formula Advanced Measurement Approaches (AMA) Advances Adverse opinion Affiliate Affinity card Affirmative covenant Affordable growth rate AFMLS AFS After-acquired property clause Agencies Agency fund Aging AHP AICPA ALCO ALLL Allonge Allowance for depreciation Allowance for doubtful
accounts Allowances ALM ALT-A Alternative minimum tax (AMT) AMA Amendment American depository receipt (ADR) American Institute of Certified Public Accountants (AICPA) American option or American-style option Amortization (2) Liquidation of a loan or security by means of periodic reductions. The principal amount of loans is amortized by the periodic, usually monthly, payment of a fraction of the principal calculated to repay the entire amount of principal due by the date of the last scheduled periodic payment. Amortization methods differ based upon the type of loan. Mortgage loans and securities usually have level payments of principal and interest. For such amortizations, the interest consumes most of the early payments and, therefore, principal amortization increases as the loan ages. Many business loans use a level amortization with roughly equal principal reductions from each periodic payment. Amortization period Amortizing swap AMT Analytical solution Analytical VAR Annual percentage rate (APR) Annual percentage yield (APY) Annuities Anticipated income doctrine of liquidity Anticipatory hedge Appraisal Appraisal surplus APR APY Arbitrage (2) In practice, the term is used to refer to the simultaneous purchase and sale of any two contracts or commodities with largely offsetting risks. For example, the purchase of two-year Treasuries and the sale of futures contracts for an equivalent amount. (3) In municipal finance, the specific practice of investing funds obtained at a tax-preferred low rate of interest in higher-yielding investments until the funds are needed for the purpose intended. Arbitrage CDO Arbitrage free Arbitrageur ARM ARP Arrears Article 2A Article 8 Article 9 Article of agreement Asian option As-extracted collateral Ascending rate bonds Asked or asking price Asset-backed security (ABS) (2) The phrase directly names, asset backed securities created from consumer installment or credit card loans. (3) Securitized commercial (non-consumer) obligations not secured by real estate are typically called collateralized debt obligations or CDOs. CDOs are sometimes defined to be a subset of ABSs. ABSs may be structured in a variety of ways including simple "pass through" structures and complex, "multi-tranche" structures. The value that ABSs provide to investors is comprised of the cash flows due to the ABS holders from the underlying loans. ABS issues are typically structured so that the bankruptcy or insolvency of an underlying borrower does not impact the cash flow received by the security owner. See special purpose vehicle and waterfall. Asset sensitive Asset/liability management committee (ALCO) Asset/liability management (ALM) Assets repriced before
liabilities Assignee Assignment Assignment of buyer's interest in land contract Assignment of lease and rentals Assignment of seller's interest in land contract Association of Financial Professionals Assumable Assumed name Asymmetric
behavior ATM At the money Attachment Attorney's certificate of title Attrition analysis Audited statements Authenticated security agreement Authority Automated clearinghouse (ACH) Automated Teller Machine (ATM) Automatic stay Availability Availability schedule Available
balance Available-for-sale (AFS) Aval Average life Average daily balance Which of the following bookkeeping terms refers to charges on the patient's account?Self-Evaluation Test 1. Which of the following types of medication may need to be refrigerated when stored?A range of medicines need to be refrigerated. These include insulins, antibiotic liquids, injections, eye drops and some creams. These medicines must be stored between 2ºC and 8ºC.
Which of the following terms means fainting?Syncope (SINK-a-pee) is another word for fainting or passing out.
What suffix means beginning origin production?Which of the following suffixes means "beginning, origin, production"? Both -genic and -genetic. A 26-year-old woman has swallowed an overdose of prescribed sleeping pills.
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