glossary

Glossary

 

Corporate

BAC
Bank of America Corp
BofA
Bank of America
BofAe
BofA Global Research estimate
BofAS
BofA Securities
CEO
Chief Executive Officer
CFO
Chief Financial Officer
COO
Chief Operating Officer
GBAM
Global Banking and Markets
GWIM
Global Wealth and Investment Management
RIC
Research Investment Committee
VP
Vice President

Currency

AED
United Arab Emirates dirham
ARS
Argentine peso
AUD
Australian dollar
BRL
Brazilian real
CAD
Canadian dollar
CHF
Swiss franc
CLP
Chilean peso
CNY
Chinese yuan
COP
Colombian peso
CZK
Czech koruna
EGP
Egyptian pound
EUR
Euro
GBP
British pound
HKD
Hong Kong dollar
HUF
Hungarian forint
IDR
Indonesian rupiah
ILS
Israeli shekel
INR
Indian rupee
JPY
Japanese yen
KRW
South Korean won
KWD
Kuwaiti dinar
KZT
Kazakhstani tenge
MXN
Mexican peso
MYR
Malaysian ringgit
NGN
Nigerian naira
NOK
Norwegian krone
NZD
New Zealand dollar
PEN
Peruvian sol
PHP
Philippine peso
PLN
Polish zloty
QAR
Qatari rial
RON
Romanian leu
RUB
Russian rouble
SAR
Saudi ryal
SEK
Swedish krona
SGD
Singapore dollar
THB
Thai baht
TRY
Turkish lira
TWD
New Taiwan dollar
UAH
Ukrainian hryvnia
USD
US dollar
UYU
Uruguayan peso
VES
Venezuelan bolivar soberano
ZAR
South African rand

Date time

1H
First half of the year
1Q
First quarter of the year
2H
Second half of the year
2Q
Second quarter of the year
3Q
Third quarter of the year
4Q
Fourth quarter of the year
AH
After hours
AMC
After market close
Apr
April
Aug
August
Dec
December
EDT
Eastern Daylight Time
EST
Eastern Standard Time
Feb
February
FY
Financial year
FYE
Financial year end
HKT
Hong Kong Time
Jan
January
Jul
July
Jun
June
LTM
Last 12 months
M/M
Month over month
Mar
March
May
May
MOM
Month over month
M-O-M
Month over month
Nov
November
NTM
Next 12 months
Oct
October
pcp
previous corresponding period {commonly used by Australia analysts, similar to YOY: year-over-year. They always use lower case.}
QTD
Quarter to date
qtr
Quarter
Sep
September
TTM
trailing 12 months
y/y
Year over year
YE
Year end
YOY
Year over year
YTD
Year to date
y-y
Year over year

Financial

A
Actual
ABA
Australian Banking Association
A-D Line
Advance-decline line
Adj
Adjusted
AFFO
Adjusted funds from operations
AML
Anti money laundering
AMLF
Asset-Backed Commercial Paper Money Market Fund
Amt
Amount
APR
Annual percentage rate
APRA
Australian Prudential Regulation Authority
ARITA
Australian Restructuring, Insolvency & Turnaround Association
ARM
Adjustable-rate mortgage
ARPPU
Average revenue per paying user
ASIC
Australian Securities & Investments Commission
ASP
Average selling price
ATM
At the market
ATM
Automatic teller machine
ATO
Australian Taxation Office
AUC
Assets under custody
AUM
Assets under management
B
Bond
CAGR
Compound annual growth rate
Cap rate
Capitalization rate
CDS
Credit default swap
CMBS
Commercial mortgage-backed securities
COGS
Cost of goods sold
CPFF
Commercial Paper Funding Facility
CPI
Consumer Price Index
CRE
Commercial real estate
CS
Capital security
C&I
commercial & industrial {used in several industries to refer to a group of customers}
Dbt
Debt
DCF
Discounted cash flow
DDM
Dividend discount model
DPS
Dividend per share
DRP
Dividend reinvestment plan
E
Estimate
E&P
Exploration and Production
EBIT
Earnings before interest and taxes
EBITD
Earnings before interest, taxes and depreciation
EBITDA
Earnings before interest, taxes, depreciation and amortization
EBITDAR
Earnings before interest, taxes, depreciation, amortisation and restructuring or rent costs
EBITDAX
Earnings before interest, taxes, depreciation/depletion, amortization and exploration expense
EFTPOS
Electronic funds transfer point of sale
EP
Equity preferred
EPS
Earnings per share
EPSe
Earnings per share estimate
EV
Enterprise value
f'cast
Forecast
FCF
Free cash flow
FDIC
Federal Deposit Insurance Corporation
FFO
Funds from operations
Fit
Fitch
Forex
Foreign exchange
FTE
Full time equivalent
FX
Foreign exchange
GAAP
Generally accepted accounting principles
GDP
Gross domestic product
GFC
Global financial crisis
GLA
Gross leaseable area
GMV
Gross Merchandise Value
GNP
Gross national product
GPM
Gross profit margin
GSE
Government-sponsored enterprise
G-Spd
G spread
HEPS
Headline earnings per share
IPO
Initial public offering
iQmethodSM
iQ method
iQprofileTM
iQ profile
JV
joint-venture
L
Loan
LFL
Like for like
LMI
Lenders’ mortgage insurance
LPS
Loss per share
LTM
Last twelve months
LTV
Loan-to-value
LVR
Loan to value ratio
MAU
Monthly active user
M&A
Mergers and acquisitions
M/W
Marketweight
MACD
Moving average convergence-divergence
Mdy
Moody's
MMIFF
Money Market Investor Funding Facility
Mrkt Val
Market value
MW
Marketweight
NASDAQ
National Association of Securities Dealers Automated Quotation System
NAV
Net asset value
Net dbt to Eqty
Net debt to equity
NI
Net income
NOI
Net operating income
NPAT
Net profit after tax
NPL
Non-performing loan 
NPM
Net profit margin
OPM
Operating profit margin
O/W
Overweight
OW
Overweight
P/E
Price / earnings ratio
PCE
personal consumption Expenditures
PDCF
Primary dealer credit facility
PEG
Price/earnings to growth ratio
PO
Price objective
PRA
Prudential Regulation Authority
RCF
Revolving credit facility
R&D
Research and development
REER
Real effective exchange rate
REIT
Real estate investment trust
Rev
Revenue
Revs
Revenues
ROA
Return on assets
ROC
Rate of change
ROC
Rate on capital
ROE
Return on equity
ROIC
Return on invested capital
RSI
Relative Strength Index
RWA
Risk weighted assets
SFP
Supplemental financing program
SG&A
Sales, general and administrative
SME
Small and medium enterprises
SOTP
Sum-of-the-parts
SS NOI
Same-store net operating income
SSS
Same store sales
SSSG
Same store sales growth
STIP
Short-Term Investment Pool
TAC
Total Asset-to-Capital Ratio
TAC
Traffic Acquisition Cost
TAC
Target Amortization Class
TAF
Term Auction Facility
TARP
Troubled Asset Reduction Program
TOP
Term Option Program
TRS
Taxable REIT subsidiary
TSLF
Term Securities Lending Facility
T-Spd
T Spread
U/P
Underperform
U/W
Underweight
UP
Underperform
UW
Underweight

Geographic

AMRS
Americas
APAC
Asia Pacific
EM
Emerging markets
EMEA
Europe, Middle East and Africa
LatAm
Latin America

Market

ESG
Environmental, social and governance
ETF
Exchange traded funds
HG
High grade
HY
High yield
IG
Investment grade
Mkt
Market
OM
Offering memorandum
Refi
Refinance

Miscellaneous

©
Copyright
®
Registered trademark
admin
Administration
CFA
Chartered financial analyst
Co
Company
cont
Continued
Govt
Government
IOT
Internet of things
Mgmt
Management
NM
Not meaningful
OMO
Online-merge-offline
PIN
Personal identification number
Q&A
Questions and answers
SaaS
Software as a service
SM
Service mark
Sqm
Square mile
Trademark

Numerical

bn
Billion
bp
Basis point
bps
Basis points
mn
Million
tn
Trillion
x
Times (multiple)

Regulatory

BACEN
Central Bank of Brazil
BoC
Bank of Canada
BoE
Bank of England
BoJ
Bank of Japan
BoI
Bank of Israel
CBR
Central Bank of Russia
DOJ
Department of Justice
ECB
European Central Bank
Fed
Federal Reserve System
FOMC
Federal Open Market Committee
FTC
Federal Trade Commission
GDPR
General Data Protection Regulation
HKMA
Hong Kong Monetary Authority
IMF
International Monetary Fund
MAS
Monetary Authority of Singapore
NBH
National Bank of Hungary
NBU
National Bank of Ukraine
PBOC
People's Bank of China
RBA
Reserve Bank of Australia
RBI
Reserve Bank of India
RBNZ
Reserve Bank of New Zealand
SARB
South Africa Reserve Bank
UST
United States Treasury