Annual Turnover The percentage rate at which an ETF or mutual fund replaces its holdings every year. Adjusted for cash inflows and outflows and represents the fund’s level of trading activity. … [Read more...]
Annualized Holding Period Return
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Annualized Holding Period Return Return rate per annum that generates a t-period holding return that is equal to that actually gained from period 1 to t, when compounded t times. … [Read more...]
Annuity
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Annuity Periodic payment made regularly over a given time period by insurance companies to their policyholders. … [Read more...]
Annuity Contract
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Annuity Contract Agreement in writing between insurance company and customer detailing the obligations of both in an annuity agreement. Includes specific details of the contract, for example structure of the annuity, early withdrawal penalty etc. … [Read more...]
Annuity Due
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Annuity Due Annuity that entails n payments, the first being made at time t = 0. When t= n-1, the final payment is made. … [Read more...]
Annuity Factor
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Annuity Factor Value at present of $1 that is paid for every t period. … [Read more...]
Annuity in Arrears
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Annuity in Arrears Annuity wherein first payment is made at the end of a full period, instead of immediately. … [Read more...]
Annuity Table
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Annuity Table Evaluation method to calculate present value of a series of payments. The table gives a factor, based on a discount rate and time, using which the annuity payment’s present value is found. … [Read more...]
Anticipation
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Anticipation An arrangement made so that customers paying earlier than the final date can deduct a normal interest rate. … [Read more...]
Antidilutive Effect
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Antidilutive Effect Outcome of an event or trade that enhances earnings per common share. For instance, by reducing the total number of outstanding shares. … [Read more...]
Appraisal Ratio
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Appraisal Ratio Alpha to residual standard deviation ratio. Or ratio of signal-to-noise in the forecast of an analyst. … [Read more...]
Appraisal Rights
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Appraisal Rights In event of merger, shareholder rights to demand fair price as determined objectively and independently, for their shares. … [Read more...]
Appropriation Request
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Appropriation Request Fund request for capital investment made formally. … [Read more...]
Arbitrage
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Arbitrage Purchase and sale of a security carried out simultaneously at different price levels in different markets giving rise to zero risk profits. Perfectly efficient markets hardly exist but where they do they offer zero arbitrage opportunities. … [Read more...]
Arbitrage-free Option-pricing Models
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Arbitrage-free Option-pricing Models Option-pricing models assuming varied volatilities over the yield curve. … [Read more...]
Arbitrageurs
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Arbitrageurs Investors looking for and using arbitrage opportunities to make gains. … [Read more...]
Arithmetic Average (Mean) Rate of Return
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Arithmetic Average (Mean) Rate of Return Arithmetic mean return. … [Read more...]
Arithmetic Mean
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Arithmetic Mean Also termed average or mean. The typical value of a number series represented in mathematical calculations. Calculated as the sum of the numbers of the series divided by number of separate number items there are in the series. … [Read more...]
Arithmetic Mean Return
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Arithmetic Mean Return Calculation of average of subperiod returns. Formula: Totaling of the subperiod returns/ number of subperiods in a time frame. … [Read more...]
Arm’s Length Market
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Arm's Length Market Market wherein transacting parties have no relationship other than that arising from the transaction itself. Most of United States exchanges are arm's length markets. … [Read more...]
