Vernimmen | corporate finance | Glossary (original) (raw)

GLOSSARY LETTER

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LETTER 1

LETTER A

Abandonment risk Abeyance Absolute return
Accelerated book-building Accelerated depreciation Accelerated share repurchase
Acceleration, Acceleration clause Account balancing Account conversion
Account receivable aging Accountant letter Accounting criteria of value creation
Accounting currency risk Accounting information Accounting procedures with an impact on earnings
Accounting rate of return Accounting standard Accounting statement
Accounts payable Accounts receivable Accredited investors
Accretion Accretive Accrual basis accounting
Accrual bond Accruals Accrued benefits
Accrued coupon Accrued expense Accrued income
Accrued interests Accumulator Acid test ratio
Acquisition Facility Acquisition holding company Acquisitions
Act of God Acting in concert Active Fund Management
Active share Activist fund Activist shareholder
Activités post-marché Actuarial floor Actuarial margin
Actuarial rate Actuarial rate of return on a bond Actuary
Adjustable Parity Bonds redeemable in shares Adjustable rate preference shares Adjustable-rate debt security
Adjusted Net Asset Value Adjusted present value, APV Adjustment to per share data
Administrative synergy ADR Advance dividend
Advance rate Adverse selection Affiliates
Affirmative covenant African Development Bank (ADB) After-market
AG or Aktiengesellschaft Agency Agency costs
Agency theory Agent bank Agent fee
Aging, Ageing, aging balance, ageing balance Agreement in principle AIM
All-in cost All-share transaction Alliance
Allocative efficiency Allotment ALM
Alpha ALRG Alternative assets
Alternative electronic platform Alternative Investment Market Alternative management
Alternative offer American Depositary Receipt American option
Amortisation Amortisation of the loan Analytical accounting
ANAV Anchor investor Angel investors or Business angels
Annual effective interest rate Annual meeting Annual Premium Equivalent
Annualise or annualised Annuity Annuity - increasing cash flows
Annuity factor Anti-takeover features Anticipation mechanism
Antidilution Antitrust laws APE
Apparent dilution Appraisal clause Appraisal or Valuation
APR or Annual Percentage Rate APT APV
Arbitrage Arbitrage pricing theory, APT Arbitration, Arbitrators
Arm's length Arrangement fee Arranger
Arranging the deal Arrears, Unpaid Article 11
Article 12 Article 9 Articles of association
Articles of Incorporation or Articles of Association Asian option Ask or Offer or Bid or Spread or Bid-Ask
Asset allocation Asset and liability management Asset and liability warranty clause
Asset backed commercial paper Asset backed securities Asset beta
Asset contribution Asset coverage Asset intensive
Asset Liability Refinancing Gap Asset management Asset token
Asset turnover Asset-backed loan Asset-Liability Management
Asset-light Assets Assignment, assignor and assignee
Assimilation Associate Associated undertaking
Asymmetry - issuer/investor Asymmetry - option Asymmetry - shareholder / creditor
At par, Above par, Below par At the money Atypical silent partner
Auction Auction clause Audit
Audit trail Auditor Average collection
Average life Average life of a bond Average life of a loan

LETTER E

E-commerce Earn-out clause Earnings
Earnings at risk Earnings Before Interest and Taxes Earnings before interest, taxes, depreciation and amortisation
Earnings per share, EPS Earnings retention ratio Earnings yield
EBIT EBIT multiple EBITA
EBITDA margin EBITDA multiple EBITDA, Earnings before interest, tax, depreciation and amortisation
EBITDAR, Earnings before interest, taxes, depreciation, amortisation and rent EBRD ECM
Economic analysis Economic and Monetary Union Economic indicators of value creation
Economic profit Economic rent Economic risk
Economic value added, EVA, EVA Model Economy of scale ECP
Efficient frontier Efficient market Efficient market hypothesis
Efficient portfolio EFRAG EGM
Electronic bill of exchange Electronic Datoroom Electronic promissory note
Electronic roadshows Eligibility criteria Eligible
Eligible bills ELTIF Embedded option
Embedded Value Emerging countries - cost of capital Emerging Markets
EMIR Employee benefits Employee productivity
Employee savings Employee stock ownership program, ESOP Employee-shareholders
EMTN, Euro MTN EMU ENCB
Encumbrance Endowment Enhancement
ENPV Enterprise value Enterprise value multiples
Entrenchment theory Entrepreneur EONIA, Euro Overnight Index Average
EPOS EPS Equalisation tax
Equiduct Equilibrium value Equipment leasing
Equipment Trust Certificates Equity Equity
Equity affiliate Equity beta Equity Capital Markets
Equity capital multiples Equity content Equity credit
Equity crowdfunding Equity cycle Equity in drag
Equity kicker Equity line Equity method
Equity Neutral Convertible Bond Equity premium puzzle Equity ratio
Equity risk premium Equity sponsor Equity story
Equity swap Equity sweetener Equity token
Equity value Equity warrant Equity-for-debt swap
Equity-linked securities Equivalent annual cost method Equivalent rates
ERP Escalation clause Escalator clause
Escrow account ESG ESMA
ESOP ESRS ETF
Ether ETO EUR
EUREX EURIBOR, Euribor Eurimean
Euro Euro Commercial Paper (ECP) Euro MTN
Euro Overnight Index Average Euro PP Euro STOXX
Eurobond Euroclear Eurocredits
Eurocurrencies Eurolist Euronext
Euronext Access Euronext Access+ Euronext Growth
European Bank for Reconstruction and Development European Central Bank European Company, Societas Europaea (SE)
European Financial Reporting Advisory Group European Interbank Offered Rate European Long-Term Investment Fund
European option European Sustainability Reporting Standards European Union
European-style option Eurostat Eurozone
Eurozone Public Offering of Securities EVA EVA model
Event driven Event of default Event-study analysis
Exceptional depreciation Exceptional expenses Exceptional items
Excess loss Exchange controthe government authorities in a given country. Exchange ratio
Exchange risk Exchange traded fund Exchangeable bonds
Exclusive negotiations Exclusivity - M&A process Exercise date
Exercise period Exit Exit clause
Exotic product Expanded net present value, ENPV Expected equity risk premium
Expected outcome Expected return Expected return of a market portfolio
Expected Shortfall Expenses Experience curve
Expert systems Explicit forecast period Explicit time horizon
Export credit Exposure Expropriation effect
Extended trade-off model Extendible Extendible note
EXtensible Business Reporting Language Extension clause External capital
External growth External projects External shareholder
Extraordinary general meeting of shareholders, EGM Extraordinary items

LETTER L

L/C Laddering Land
Large cap Last in, first out Last trading day
Late Delivery indemnity LBO LBU
Lead Lead arranger Lead bank
Lead director Lead independant director Lead manager
League table Lease Leasing
Legal merger Lender led Lender of last resort
Lending facility Lessee Lessor
Letter of comfort Letter of credit, L/C Letter of intent, LOI
Level of control Level of ownership Leverage
Leverage - futures contract Leverage effect Leverage recap
Leveraged build-up, LBU Leveraged buy-out, LBO Leveraged lease
Leveraged management buy-out Leveraged recapitalisation Leveraged share buyback
Levered beta Levered cost of equity Liabilities
LIBOR, London Interbank Offered Rate Life of the bond Life of the loan
Lifecycle of financing sources LIFFE, Liffe LIFO, Last in, first out
Limit order Limitation of voting rights Limited partner
Limited share partnerships, LSP Liquid Liquidated damages
Liquidation Liquidator Liquidity - assets
Liquidity - balance sheet Liquidity - investments Liquidity - liabilities
Liquidity - market Liquidity - security Liquidity contract
Liquidity discount Liquidity event Liquidity facility
Liquidity line Liquidity preference theory Liquidity premium
Liquidity ratios Liquidity risk - company Liquidity risk - market
Listed company Listed security Listing
Listing partner Listing sponsor LMA
LMBO Loan Loan cancellation
Loan guarantees Loan market association Loan to value
Lock box Lock up period Lock-up clause
Lockbox system Locking in future prices or rates LOI
London Interbank Offered Rate Long (position) Long-form report
Longevity swap Lookback option Loss rate
Loss Ratio Love money Low Volatility Net Asset Value
LPs LSP Ltv
LVNAV LYON, Liquid Yield Option Notes

LETTER Q

LETTER X

LETTER Y

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