Level I Curriculum & Guide

Absence of Compliance Procedures
Access Persons
Accounting Differences
Accuracy of Research Reports
Acts without Consent or Approval of a Co-Fiduciary
Additional Compensation
Additional Compensation for Employer
Adequacy of Compliance Procedures
Adequate Basis for Recommendations
Advice Counsel
Affiliated Persons
Agency Trade
Agreements with Clients
Allocation of Trades
Allocation Procedures
Allowable Research
Appearance of Conflict of Interest
Application of U.S. Law
Assisting Violations
Basic Characteristics for Recommendations
Beneficial Ownership
Beneficiaries
Best Execution
Blackout Periods
Block Trades
Blue Sky Laws
Board Participation
Brokers/Dealers
Bucketing
Business Judgement Rule
Calculation of Returns
Capital Structure
Characteristics of Investments
Chiarella V. United States
Chinese Wall Doctrine
Churning
Client Lists
Client-Directed Brokerage
Code of Procedure
Company Analysis
Compensation
Compensation Arrangements
Competition with Employer
Competitive Advantage
Compliance Procedures
Compliance with Applicable Laws
Composite Portfolios
Composite Returns
Conduct Rules
Confidential Information
Confidentiality
Confidentiality of Electronic Communications
Confidentiality Regarding Client Information
Confidentiality within Firms
Conflict of Interest Regarding Directors
Conflicts of Interest
Conformations of Trades
Consent for Independent Practice
Consent of Employer
Contingent Liabilities
Contravention of Terms of the Governing Instrument
Convictions Equivalent to a Felony
Corporate Directorships
Corporate Pension Plans
Covered Plans
Creation of Policy
Cross Trades
Custodian
Custody
Custody of Assets
Defenses
Defined Contribution Plan
Fair Dealing
Delegation of Duties
Derivative Products
Director Compensation
Directorships
Dirks V. SEC
Disclosure of Additional Arrangements
Disclosure of Compliance Procedures
Disclosure of Conflicts
Disclosure of Employer
Disclosure of Independent Practice
Disclosure of Investment Performance
Disclosure of Investment Process
Disclosure of Procedures
Disclosure of Referral Fees
Disclosure of Soft Dollar Practices
Disclosure to Clients
Disclosure to Employer
Discretionary Voting of Own-Institution Securities
Disgorgement
Diversification
Documents Rule
Duty to Employer
Electronic Communications
Employee Pension Plans
Employer Identity
Employer Restrictions
Enforcement of Compliance Procedures
ERISA
Exclusive Purpose
Factual Information
Failure to Invest
Fair Dealing
Fair Dealing Governing Documents
Fees
Fiduciary
Fiduciary Duty
Financial Condition of Disclosure
Financial Disclosure Standards
Fire Walls
Forms of Compensation
Front Running
Fundamental Analysis
Fundamental Responsibilities
Glass-Steagall Act of 1939
Guarantee of Investments
Guide to Broker-Dealer Compliance
Harvard V. Amory
Identification of Clients
Improper Investments
Independence and Objectivity
Independent Contractor
Independent Practice
Indicia of Ownership
Information Sources
Initial Public Offerings
Insider Information
Insider Trading
Insider Trading and Securities Fraud Enforcement Act
Inter-Account Transactions
International Accounting
International Practice
Investigation of Misconduct
Investing Experience of Clients
Investment Advice
Investment Advisers Act of 1940
Investment Company Act of 1940
Investment in Own-Bank/Own-Holding Company Securities
Investment in Proprietary Mutual Funds
Investment in Securities Underwritten by Own-Bank or Affiliates
Investment Performance
Investment Policies
Investment Policy Statement
Investment Process
Jurisdiction
Knowledge of Applicable Laws
Legal List
Liability
Loyalty
Maloney Act of 1938
Market-Making Activities
Material Nonpublic Information
Materiality
Misappropriation of Business Opportunities
Misappropriation of Clients
Misrepresentation
Misrepresentation of Credentials
Misrepresentation through Electronic Communications
Misappropriation Theory
Mosaic Theory
Multi-Account Transactions
New Regulation Analyst Certification
Non-Public Information
NYSE and NASDAQ Revised Listing Standards for Director Independence
Objectives
Obstacles
Opinions
Oral Communications
Ordinary Business Care
Party In Interest
Paying Up for Research Services
Performance Presentation
Personal Investing
Personal Investing Task Force
Plagiarism
Policy Training
Policy-Making Body
Pooled Funds
Portability
Preclearance Procedures
Preparation for Independent Practice
Presentation of Results
Principle Trade
Priority of Transactions
Private Placements
Professional Designation
Professional Misconduct
Prohibited Transactions
Prospective Clients
Proxy Policy
Proxy Voting
Prudent Expert Rule
Prudent Investor Rule
Prudent Man Rule
Public Pension Plans
Public Utility Holding Company Act of 1935
Pump and Dump
Reasonable Care
Receipt of 12b-1 Fees
Receipt of Sub-Accounting Fees
Recognized Sources
Recommendations
Record Keeping
Referral Fees
Regulation A Offerings
Regulation D
Regulation M
Regulation S
Regulation T
Regulation T: Part 220
Regulation U
Regulatory Requirements
Relationship Investing
Relationships with Brokers or Other Agents
Reported Requirements
Reporting Misconduct of Others
Reporting Requirements
Reputational Capital
Research Reports
Research Sources
Restricted Lists
Restricted Periods
Restrictions of Employer
Risk Tolerance
Role of Investors
Rule 134 Communications
Rule 144
Rule 144 A
Rule 147
Rules of Fair Practice
Sanctions
Sarbanes-Oxley Act of 2002
SEC V. Capital Gains Research Bureau
SEC V. Materia
SEC V. Musella
SEC V. Taylor
SEC V. Willis
Securities Act of 1933
Securities Exchange Act of 1934
Securities Trading Practices
Selective Disclosure
Self-Dealing
Shingle Theory
Short-Term Trading
Simplified Industry Arbitration
Social Investing
Soft Dollars
Solicitation of Clients
Solicitation of Employees
Spinning
Standard of Practice Casebook
Suitability of Clients
Summary Suspension
Supervisor’s Responsibility
Takeover Defenses
Tax Considerations
Tax-Exempt Investing
Temporary Insiders
Tippee
Trade Secrets
Trading Ahead of Research Reports
Trading Restrictions
Traditional Theory
Trusts
Trust Indenture Act of 1939
Unauthorized Commingling of Assets
Uniform Gift to Minors Act
Uniform Management of Institutional Funds Act
Uniform Practice Code
Uniform Securities Act
United States V. Carpenter
United States V. Chestman
United States V. Newman
Use of Own-Bank or Affiliate Bank Deposits
Use of Own-Bank or Affiliated Brokerage Service
Verification
Violations of Law
Wall Street Rule
Wall Street Walk
Watch List
Whisper Numbers

Absolute Advantage
Accounting Profits
Accounting Unit
Administrative Lag
Aggregate Expenditure
Allocative Efficiency
American Terms
Anticipated Change
Anticipated Inflation
Appreciation
Arbitrageurs
Automatic Stabilizers
Average Fixed Cost
Average Product
Average Total Cost
Average Variable Cost
Balance of Payments Account
Balance on Current Account
Balanced Budget
Barriers to Entry
Bid-Ask Spread
Black Market
Board of Governors
Bonding
Budget Constraint
Budget Deficit
Budget Surplus
Business Cycle
Capital Account
Cartel
Civilian Labor Force
Clearing House Interbank Payments System
Collusion
Commercial Banks
Comparative Advantage
Competitive Price-Searcher Market
Complements
Constant Cost Industry
Constant Money Growth Rule
Constant Returns to Scale
Consumer Price Index
Consumer Surplus
Consumers of Loanable Funds
Consumption Function
Consumption Opportunity Constraint
Contestable
Corporation
Correlations
Countercyclical Budget Policy
Covered Interest Arbitrage
Covered Interest Differential
Credit
Credit Unions
Crowding-In Effect
Crowding-Out Effect
Cross-Price Elasticity of Demand
Currency Arbitrage Transactions
Current Account
Cyclical Budget Deficits
Cyclical Unemployment
Data Mining
Decreasing Cost Industries
Demand Curve
Demand Deposits
Demand for Money
Demand Schedule
Demographics
Depreciation
Depression
Derived Demand
Differentiated Products
Direct Quotation
Discount Rate
Discounted Cash Flow Models
Discretionary Monetary Policy
Diseconomies of Scale
Disposable Income
District Federal Reserve Banks
Dividend Growth Model
Dumping
Dynamic Competition
Econometric Models
Economic Profit
Economic Shocks
Economic Value Added (EVA)
Economies of Scale
Elasticity Coefficient
Employment/Population Ratio
Endogenous Variables
Eurodollar Deposits
European Terms
Excess Reserves
Exchange Rate
Exogenous Events
Exogenous Variables
Expansionary Fiscal Policy
Expansionary Monetary Policy
Expenditure Approach
Expenditure Multiplier
Expenditures and Investments
Explicit Costs
Federal Open Market Operations Committee
Federal Reserve System
First Law of Demand
Fiscal Policy
Fixed Exchange Rates
Flexible Exchange Rates or Floating Foreign Exchange Market
Forward Contract
Forward Discount
Forward Market
Forward Premium
Forward Premium Annualized
Fractional Reserve Banking System
Frictional Unemployment
Full Employment
GARCH Model
GDP Deflator
General Agreement on Tariffs and Trade
Government Consumption
Gross Domestic Product (GDP)
Gross National Product (GNP)
Gross Private Domestic Investment
Hedgers
Historical Methods
Impact Lag
Implicit Costs
Import Quota
Income Effect
Income Elasticity
Increasing Cost Industries
Index of Leading Economic Indicators
Indexing
Indifference Curve
Indirect Quotation
Inferior Goods
Inflation
Interbank Market
Interest Rate Parity
International Monetary Fund
Invisible Hand Principle
J-Curve Effect
Labor Force Participation Rate
Law of Demand
Law of Diminishing Marginal Utility
Law of Diminishing Returns
Law of Supply
Leading Indicator Approaches
Linear Perception
Long-Run Average Total Cost Curve
M1
M2
M3
Macro Economic Index (MEI)
Marginal Cost
Marginal Product
Marginal Propensity to Consume
Marginal Rate of Substitution
Marginal Revenue
Marginal Revenue Product
Marginal Utility
Market Demand Schedule
Market Equilibrium
Market Power
Medium of Exchange
Monetary Policy
Money
Money Market Deposit Accounts
Money Market Mutual Funds
Monitoring
Monopolistic Competition
Monopoly
National Debt
National Income
Natural Monopoly
Natural Rate of Unemployment
Net Domestic Product
Net Exports of Goods and Services
New Money
Nominal Values
Normal Goods
North American Free Trade Agreement (NAFTA)
Nostro Account
Oligopoly
Opportunity Cost of Equity Capital
Opportunity Costs
Outright Rate
Overshooting Model
Partnership
Pegged Exchange-Rate System
Perfectly Elastic
Perfectly Inelastic
Personal Consumption Expenditures
Personal Income
Phillips Curve
Planning Curve
Potential Deposit Expansion Multiplier
Potential GDP
Price Control
Price Discrimination
Price Elasticity of Demand
Price Equalization Principle
Price Level Rule
Price Takers
Price Searchers
Principal-Agent Problem
Production Mix
Productivity
Profit
Proprietorship
Quantity Theory of Money
Rational Expectations Hypothesis
Real GDP
Real Values
Recession
Recognition Lag
Relatively Elastic
Relatively Inelastic
Repurchase Agreements
Required Reserve Ratio
Residual Claimants
Residual Loss
Restrictive Fiscal Policy
Savings and Loan Associations
Say’s Law
Second Law of Demand
Settlement (Herstatt) Risk
Shirking
Short Run
Shortage
Special Drawing Rights
Speculators
Spot Market
Stagflation
Statutory Incidence
Store of Value
Structural Budget Deficits
Structural Unemployment
Substitutes
Substitution Bias
Substitution Effect
Sunk Costs
Suppliers of Loanable Funds
Supply-Side Theory
Swap Rate
Tariff
Tax Incidence
Total Costs
Total Fixed Cost
Total Product
Total Variable Cost
Traders
Triangular Currency Arbitrage
Unanticipated Change
Unanticipated Inflation
Underground Economy
Unemployed
Unitary Elasticity
Value Date
Velocity of Money
Voluntary Export Restraints

Accounting Beta Method
Agency Relationship
Base-Case Scenario
Best-Case Scenario
Bird-in-the-Hand Theory
Breakeven Point
Business Risk
Cannibalization
Capital
Capital Budgeting
Capital Components
Capital Rationing
Clientele Effect
Constant Growth Stock Valuation Model
Corporate Governance
Corporate Risk
Cost of Retained Earnings Financing
Declaration Date
Degree of Financial Leverage
Degree of Operating Leverage
Depreciable Basis under MACRS
Discounted Payback Period
Dividend Irrelevance Theory
Environmental, Social, and Governance (ESG)
Ex-Dividend Date
Expansion Project
Externalities
Financial Flexibility
Financial Leverage
Financial Risk
High Operating Leverage
Holder-of-Record Date
Incremental Analysis
Incremental Cash Flows
Initial Investment Outlay
IRR
MACRS Half-Year Convention
Market Risk
MIRR
Modified Accelerated Cost Recovery System
Monte Carlo Simulation
Net Present Value Profile
Operating Cash Flows
Opportunity Cost Principle
Opportunity Costs
Optimal Capital Structure
Optimal Dividend Policy
Payback Period
Payment Date
Pure Play Method
Relevant Cash Flows
Replacement Analysis
Reserve Borrowing Capacity
Residual Dividend Model
Scenario Analysis
Security Market Line
Sensitivity Analysis
Signaling Hypothesis
Stakeholder Management
Stock Dividends
Stock Repurchase
Stock Split
Sunk Costs
Target Capital Structure
Target Payout Ratio
Tax Preference Theory
Terminal Cash Flows
Worst-Case Scenario

American Depository Receipts
American Shares
American Stock Exchange
Balanced Funds
Block Trades
Bond Funds
Book/Market Value Effect
Call Markets
Call Option
Call Provisions
Capital Market Securities
Commission Brokers
Common Stock
Continuous Markets
Convertible Bonds
Corporate Bonds
Debentures
Dow Jones World Index
Earnings Surprises
Efficient Capital Market
Efficient Market Hypothesis
Equally-Weighted Index
Eurobond
Eurodollar Bond
Excess Market Value
Fixed-Income Investments
Floor Brokers
Foreign Shares
Fundamental Analysis
Futures Contracts
General Obligation Bonds
Indenture
Informationally Efficient
International Mutual Funds
Intraday Effect
Investment Company
Limit Order
Maintenance Margin
Margin Call
Margin Requirements
Market Order
Money Market Funds
Morgan Stanley Capital Int’l Indexes
Mortgage Bonds
Municipal Bonds
Mutual Fund
Neglected Firm Effect
Options
P/E Effect
Price Formation Equations
Price-Weighted Scheme
Primary Markets
Put Option
Real Estate Investment Trust
Registered Traders
Revenue Bonds
Secondary Markets
Security-Market Indexes
Semistrong-Form
Senior Secured Bonds
Short Sale
Sinking Fund
Size Effect
Specialists
Stock Funds
Stop Buy Order
Stop Loss Order
Strong-Form EMH
Subordinated Bonds
Tax Selling
Technical Analysis
U.S. Government Agency Securities
U.S. Treasury Securities
Value-Weighted Index
Value-Weighted Stock Series
Warrant
Weak-Form EMH
Weekend Effect
Window Dressing Effect
Yankee Bonds

A Priori Probability
Adjusted Beta
Adjusted R-Squared
Alternate Hypothesis
Altman's Z-Score
Amortization Schedule
Amortized (or Amortizing) Loan
Annual Compounding
Annual Percentage Rate
Annuity
Annuity Due
Arbitrage
Arbitrage Portfolio
Arbitrage Pricing Theory (APT)
Arithmetic Mean
Autoregressive Moving Average Model
Back Simulation
Backtesting
Beta
Bernoulli Trial
Binomial Distribution
Bullet
Capital Allocation Line (CAL)
Capital Asset Pricing Model (CAPM)
Central Limit Theorem
Chi-Square Test Statistic
Coefficient of Determination
Coefficient of Variation
Collectively Exhaustive
Combinations
Complement Rule
Compounding
Conditional Heteroskedasticity
Conditional Probability
Constant Annual Payment
Continuous Random Variable
Continuous Uniform Distribution
Continuously Compounded
Correlation
Covariance
Critical Value (or Rejection Point)
Cross-Sectional Data
Cumulative Distribution Function
Data Charts
Data-Mining
Data-Snooping
Data Types
Decision Rule
Degree of Confidence
Dependent
Descriptive Statistics
Discounting
Discrete Random Variable
Discrete Uniform Random Variable
Discriminant Analysis
Diversification
Drift
Durbin-Watson Statistic
Effective (or Equivalent) Annual Rate
Efficient Frontier
Estimator
Expected Return of the Portfolio
Expected Value
Factor Portfolio
Factor Risk Premium (or Factor Price)
Factor Sensitivities
Factorials
Fair (Equilibrium) Value
First Test Statistic
Frequency
Frequency Distribution
Frequency Polygon
Future Value
General Permutation
General Rule of Addition
General Rule of Multiplication
Generalized Least Squares
Geometric Mean
Global Minimum-Variance Portfolio
Hansen’s Method
Heteroskedastic Regression
Histogram
Historic Simulation
Homoskedasticity
Hypothesis
Hypothesis Testing
Imperfect Correlation
Independent
Inferential Statistics
Interest Rates
Instability in the Minimum-Variance Frontier
Interval Level
Joint Probability Function
Kurtosis
Leptokurtic
Level of Confidence
Level of Significance
Linear Regression
Logit Models
Log-Linear Model
Lognormally Distributed
Look-Ahead
Machine Learning
Market Model
Market Risk Premium
Markowitz Decision Rule
Mean
Mean Absolute Deviation
Mean Reversion
Mean-Variance Analysis
Median
Minimum Variance Frontier
Mode
Monte Carlo Simulation
Multicollinearity
Multifactor Models
Multinomial Formula
Multiple R-Squared
Multivariate Distribution
Mutually Exclusive
Negative Covariance
Negatively Skewed Distribution
Nominal Level
Nominal or Quoted Interest Rates
Nonparametric Tests
Null Hypothesis
One-Tailed Test
Opportunity Cost Rate
Ordinal Level
Ordinary Annuity or Deferred Annuity
Outcome
Out-of-Sample Forecast
Out-of-Sample Forecast Errors
Parameter
Parametric Tests
Periodic Rate
Perpetuities
Point Estimate
Population
Population Standard Deviation
Population Variance
Portfolio Variance
Positive Covariance
Positive Skewness
Positively Skewed Distribution
Posterior Probability
Power of a Test
Present Value
Priced Risks
Prior Probability
Probability
Probability Density Function
Probability Distribution
Probit models
Pure Factor Portfolio
P-Value
Quantiles
Random Variable
Random Walk
Range
Ratio Level
Regression Parameters
Relative Frequencies
Residual
Robust Standard Errors
Root Mean Squared Error
Roy’s Safety-First Criterion
Safety-First Ratio
Sample
Sample Forecast
Sample Forecast Error
Sample Mean
Sample Mean Difference
Sample Standard Deviation
Sample Variance
Sampling Distribution of a Statistic
Sampling Error
Second Test Statistic
Semiannual Compounding
Serial Correlation
Shortfall Risk
Simple Random Sampling
Special Rule of Addition
Special Rule of Multiplication
Spurious Correlation
Standard Deviation
Standard Error of Estimate
Standard Error of the Mean Difference
Standard Error of the Sample Means
Standard Normal Distribution
Statistic
Stratified Random Sampling
Survivorship Bias
Systematic Factors
Systematic Random Sampling
T-Distribution
Test Statistic
Test Statistic for Test of Mean Differences
Time Series
Time Value of Money
Time-Period Bias
Total Probability Rule for Expected Values
Tracking Portfolio
Two-Tailed Test
Type I Error
Type II Error
Unbiased
Unconditional Heteroskedasticity
Unit Root
Univariate Distribution
Variance

Accounting Periods
Accounts Receivable Ledger
Accrued Expenses
Accrued Revenues
Activity Ratios
Adjusting Entry
Amortization
Annual Interest Payment
Assets
Audit
Average Cost Method
Average Inventory Processing Period
Bad Debts
Basic Earnings per Share
Book Value
Business Risk
Callable
Capital Expenditure
Capital Lease
Cash Basis Accounting
Cash Conversion Cycle
Cash Equivalents
Cash Flow Coverage Ratio
Cash Flow from Financing Activities
Cash Flow from Investing Activities
Cash Flow from Operating Activities
Cash Flow from Operations
Cash Flow/Long Term Debt Ratio
Cash Flow/Total Debt Ratio
Cash Ratio
Common Size Statements
Common Stock
Completed Contract
Complex Capital Structure
Comprehensive Income
Consistency Principle
Contingent Liabilities
Contributed Capital
Corporation
Cost Recovery Method
Coupon Bonds
Cross Sectional Analysis
Current Assets
Current Liabilities
Current Ratio
Debt/Equity Ratio
Declining Balance
Deferred Income Tax Expense
Deferred Tax Asset
Deferred Tax Expense
Deferred Tax Liability
Depletion
Depreciable Cost
Depreciation
Diluted Earnings per Share
Direct Method
Direct-Financing Lease
Discount Rate
Dividends
Dividend in Arrears
Dupont Analysis
Earnings Coverage Ratios
EBITD
Equity Turnover Ratio
Estimated Liability
Expenses
Extended Dupont System
Extraordinary Items
Face Interest Rate
Face Value
FIFO
Financial Flexibility
Financial Risk
Financing Activities
Fiscal Year
Free Cash Flow
General Ledger
Goodwill
Gross Profit Margin
Historical Cost
Income Tax Expense
Income Tax Paid
Indirect Method
Infrequent Gain or Loss
Installment Sales Method
Intangible Assets
Interest Coverage Ratio
Interim Financial Reports
Internal Liquidity Ratios
International Financial Reporting Standards (IFRS)
Inventories
Inventory Turnover
Investing Activities
Issued Stock
Large Stock Dividend
Lease
Leasehold
Liabilities
Liability Method
LIFO
LIFO Conformity Rule
LIFO Reserve
Liquidity
Liquidity Ratios
Long-Term Debt/Total Capital Ratio
Long-Term Investments
Long-Term Liabilities
Market Interest Rate
Market Liquidity
Matching Principle
Mortgage
Natural Resources
Net Fixed Asset Turnover
Net Income
Net Profit Margin
Operating Activities
Operating Efficiency Ratios (Activity Ratios)
Operating Lease
Operating Leverage
Operating Profit Margin
Operating Profitability Ratios
Ordinary Shares
Outstanding Stock
Owners' Equity
Pension Fund
Pension Plan
Percentage-of-Completion
Plant Assets
Plant, Property, and Equipment
Preferred Stock
Prepaid Expense
Pretax Income
Price Earnings Ratio
Principal Payment
Prior Period Adjustments
Product Warranties
Profit and Loss
Profitability Ratios
Quality of Earnings
Quick Ratio
Receivables Collection Period Ratio
Receivables Turnover Ratio
Registered Bonds
Residual Value
Retained Earnings
Return on Owner’s Equity
Return on Total Capital
Revenue Expenditures
Revenue Recognition Principle
Revenues
Reverse Stock Split
Risk Analysis
Sales Variability
Sales-Type Lease
Secured Bonds
Serial Bonds
Short-Term Investments
Short-Term Liquid Assets
Simple Capital Structure
Small Stock Dividend
Solvency
Stock Dividend
Stock Split
Stockholders’ Equity
Straight-Line Method
Sum of the Years’ Digits
Sustainable Growth Potential
Sustainable/Potential Growth Rate
Tax Loss Carryforward
Taxable Income
Taxes Payable
Temporary Difference
Term Bonds
Time Period Principle
Time-Series Analysis
Timing Difference
Total Asset Turnover
Total Fixed Charge Coverage Ratio
Trademarks
Trading Turnover
Treasury Stock
Treasury Stock Methodology
Unearned Revenue
Unsecured Bonds
Unusual Gain or Loss
Useful Life
Valuation Allowance
Valuation Ratios
Warranty
Weighted Average Cost Method
Zero Coupon Bond

Absolute Yield Spread
Accelerated Sinking Fund Provision
Accrual Bonds
Accrued Interest
Affirmative Covenants
Amortizing Securities
Arbitrage-Free Valuation Approach
Ask
Asset-Backed Securities
Bid
Bond
Bond-Equivalent Yield
Bootstrapping
Bullet Maturity Structure
Call Risk
Callable Bonds
Callable Feature
Cap
Cap on Floating-Rate Bond
Cap Risk
Cash Flow Yield
Cash Management Bills
Changing Reserve Requirements
Clean Price
CMOs
Collar
Collateral Trust Bonds
Collateralized Mortgage Obligations
Commercial Paper
Conversion Privilege
Convertible Bonds
Coupon Formula
Coupon Rate
Coupon Strips
Credit Analysis
Credit Enhancement
Credit Spread
Credit Spread Risk
Currently Callable Bonds
Curtailment
Dealer Paper
Debentures
Default Loss Rate
Default Risk
Deferred Call
Deferred Coupon Bonds
Deleveraged Floater
Direct Paper
Dirty Price
Discount Rate
Dollar Default Rate
Dollar Denominated
Double-Barreled Security
Downgrade Risk
Dual-Currency Issues
Dual-Indexed Floaters
Duration
Effective Convexity
Effective Duration
Escrowed-to-Maturity Bonds
Exchange Rate Risk
Exchangeable Bond
Expectations Hypothesis
Face Value
First Call Date
Flat
Floor
Floor on a Floater
Foreign Bond
Forward Rate
Full Price
Full Valuation Approach
Fundamental Principle of Valuation
General Obligation Debt
General Redemption Prices
Global Bonds
Government Securities Dealers
Government Sponsored Enterprises
Hot Collateral
Indenture
Index Amortizing Notes
Inflation Risk
Insured Bonds
Interdealer Brokers
Interest Rate Risk
Intermarket Sector Spread
Intramarket Spreads
Inverse Floaters
Inverted
Issuer Default Rate
Issuer’s On-the-Run Yield Curve
Key Rate Duration Measure
Liquidity Preference Hypothesis
Liquidity Risk
Margin Buying
Market Bid-Ask Spread
Market Segmentation Hypothesis
Maturity Date
Maturity Value
Medium-Term Notes
Modified Convexity
Modified Duration
Money Market
Moral Obligation Bonds
Mortgage Bonds
Mortgage Passthrough Security
Mortgage-Backed Securities
Mortgages
Multiple Step-Up Notes
Municipal Securities
Municipal Strips
Negative Convexity
Negative Covenants
Negative Pledge Clause
Nominal Spread
Noncallable
Nonrefundable Bonds
Normal Yield Curve
Off-the-Run Issue
On-the-Run Issue
Open Market Operations
Option-Adjusted Duration
Option-Adjusted Yield Spread
Overnight Repos
Par Call Problem
Par Date
Par Value
Par Yield Curve
Prepayment Option
Prepayment Risk
Present Value
Price Compression
Price Value of a Basis Point
Principal
Principal Strips
Purchasing Power Risk
Put Option
Put Provision
Quality Spread
Quoted Margin
Ratchet Bonds
Rate Duration
Reconstitution
Redemption Value
Regular Redemption Prices
Regulatory Risk
Reinvestment Risk
Relative Yield Spread
Reorganization
Repo Rate
Repurchase Agreement
Required Yield to Maturity Valuation Approach
Revenue Bonds
Reverse Floaters
Reverse Repo
Scenario Analysis
Securitizing the Mortgage
Serial Bonds
Sinking Fund Provision
Sovereign Debt
Special Collateral
Special Redemption Prices
Spot Interest Rate
Spot Yield Curve
Spread Products
Spread Sector
Static Spread
Stepped-Spread Floaters
Step-Up Notes
Stop Yield
Stress Testing
Structured Notes
Tax-Backed Debt
Tax-Exempt Securities
Technical Factors
Term Structure of Interest Rates
Term to Maturity
Treasury Bills
Treasury Bonds
Treasury Coupon Securities
Treasury Coupon Strips
Treasury Inflation Protection Securities
Treasury Notes
Treasury Principal Strips
Treasury Spot Rates
Treasury Strips
U.S. Treasury Bills
Unsecured Debt
Variable-Rate Securities
Voluntary Bankruptcy
Yield Curve
Yield Curve Risk
Yield Ratio
Yield Spread
Yield to First Call
Yield to First Par Call
Yield to Put
Yield to Worst
Zero Coupon Bonds
Zero-Volatility Spread
Z-Spread

Bar Charts
Behavioral Biases
Breadth of Market
Commodities
Company Analysis
Comparison of Estimated Values and Market Prices
Constant Growth Dividend Discount Model
Currencies
Cyclical Changes
Demographics
Differentiation Strategy
Dividend Discount Model
Earnings Multiplier Model
EBIT Estimate
Equity Indexes
Equity Securities
Estimate EBT
Exchange Rate Volatility
Expected Rate of Inflation
Financial Intermediaries
Fixed-Income Indexes
Fixed-Income Securities
Growth Company
Growth Rate
Growth Stock
Industry Analysis
Infinite Period Dividend Valuation Model
Long, Short, and Leveraged Positions
Low-Cost Strategy
Macroanalysis
Market Efficiency
Market Pricing Anomalies
Market Regulations
Microanalysis
Multiple Indicator Charts
Point-and-Figure Charts
Pooled Investment Vehicles
Price/Book Value Ratio
Price/Cash Flow Ratio
Price/Sales Ratio
Primary and Secondary Markets
Real Assets
Real Risk-Free Rate
Rebalancing an Index
Required Return
Resistance Level
Risk Premium
Sector Rotation
Security Market Indexes
Short Interest
Specific Estimate Approach
Stock Selection
Stream of Expected Cash Flows
Structural Changes
Support Level
Top-Down Approach
Valuation Models
Weighting Methods Used in Index Construction

American Option
Anticipatory Hedging
Arbitrage Opportunity
Call Option
Clearing
Clearinghouse
Complete Market
Contingent Claims
Counterparties
Covered Call
Credit Derivatives
Currency Swaps
Daily Settlement or Marking-to-Market
Deep in the Money
Deep out of the Money
Derivative Instrument
European Option
Exchange of Borrowings
Exchange-for-Physicals
Exercise Price
Exercise Value
Final Cash Flow
Financial Derivative
Fixed-for-Fixed Currency Swap
Forward Contracts
Futures
Hedging
In the Money Options
In-Advance Swaps
Initial Margin
Initial Swap Cash Flow
Interest Rate Swaps
Intrinsic Value
LIBOR Flat
Limit Order
Long Position
Maintenance Margin
Market Order
Moneyness
Net Interest Payments
No-Arbitrage Principle
Notional Principal
Offsetting Order
Open Interest
Option Premium
Option Writer
Options Clearing Corporation
Out of the Money Options
Outtrade
Over-the-Counter D
Paid in Arrears
Pay-Fixed
Periodic Cash Flows
Pits
Portfolio Insurance
Price Discovery
Put Option
Receive-Fixed
Short Position
Speculation
Spread
Strike
Strike Price
Swap
Swap Buyer
Swap Facilitators
Swap Seller
Tenor
Uncovered
Variation Margin
Zero-Sum Game

12b-1 Plan
Capitalization Rate
Closed-End Investment Company
Commercial Properties
Common Stock Funds
Comparative Sales Approach
Contingent, Deferred Sales Loads
Convenience
Cost Approach
Demand
Demographics
Direct Capitalization
Equity REITs
Foreign Funds
Global Funds
Hedge Funds
Hybrid REITs
Income Approach
Income Property
Infrastructure
International Funds
Investment Analysis
Investment Methods
Low-Load Funds
Management Fees
Market Value
Mortgage REITs
Natural Resources
Negative Leverage
Net Asset Value
Net Operating Income
No-Load Fund
Open-End Investment Companies
Performance Appraisal
Positive Leverage
Principle of Substitution
Private Capital
Property Management
Psychographics
Real Estate Appraisals
Real Estate Investment Trust
Residential Property
Speculative Property
Supply Analysis

Arbitrage Pricing Theory
Artificial Intelligence
Asset Allocation
Behavioral Biases
Beta
Big Data
Business Risk
Capital Allocation Line (CAL)
Capital Appreciation
Capital Asset Pricing Model (CAPM)
Capital Market Line
Capital Market Theory
Capital Preservation
Characteristic Line
Correlation Coefficient
Country/Political Risk
Covariance
Cryptocurrencies
Current Income
Defined Benefit Pension Plans
Defined Contribution Pension Plans
Distributed Ledger Technology
Diversification
Efficient Frontier
Environmental, Social and Governance (ESG) Investing
Estimated Returns
Exchange Rate Risk
Expected Rate of Return
Financial Risk
Fintech
Hedge Funds
Investment Constraints
Investment Policy Statement
Jensen's Alpha
Liquidity Risk
Machine Learning
Market Portfolio
Market Risk Premium
Money-Weighted Return
Mutual Funds
Nominal Risk-Free Rate
Nonsystematic Risk
Optimal Portfolio
Principles of Portfolio Construction
Real Risk-Free Rate
Required Rate of Return
Return Generating Models
Risk Analysis
Risk Aversion
Risk-Free Rate
Risk Modification
Robo-Advisors
Security Market Line (SML)
Sharpe Ratio
Standard Deviation
Systematic Risk
Technical Analysis
Technical Analysis Charts and Patterns
Technical Indicators
Time-Weighted Rate of Return
Total Return
Treynor Ratio
Unrealized Capital Gains
Unsystematic Risk