Cartel - A group of separate companies or nations which together agree to control prices and not compete against each

other. Also known as a Price Ring. Cash Cow - A steady dependable source of income which provides money for the rest of a business. Commercial Paper - An unsecured and unregistered short-term agreement in which organizations can borrow money from investors who cannot take the assets from the organization if the loan is not repaid. Compound Interest - Interest which is calculated on not only the the initial loan, but also on the accumulated interest. Conglomerate - A corporation which consists of several smaller companies with different business activities. Contra Entry - In accounting, an amount entered which is offset by another entry of the same value, i.e., a debit is offset by a credit. Cookie - On a computer, coded information that an Internet website you have visited sends to your computer which contains personal information, such as identification code, pages visited, etc., so that the website can remember you at a later time. Copyright - An exclusive legal right to make copies, publish, broadcast or sell a piece of work, such as a book, film, music, picture, etc. Current Ratio - A financial ratio which gives an indication of whether or not a company can pay its short-term debts. Customs Duty - A tax which must be paid on imported, and sometimes exported, goods, to raise a country's revenue and to protect domestic industries from cheaper foreign competition. Debenture - Unsecured certified loan over a long period of time with a fixed rate, based on the trust that payment will be made in the future.

Debt - Money owed to another person or organisation, such as a loan, mortgage, etc., which is required to be paid back, usually with interest. Decision Tree - A diagram which starts with an initial decision, and possible strategies and actions are represented by branches which lead to the final outcome decided upon. Deflation - Economic decline typified by falling costs of goods and services; falling levels of employment; limited money supply or credit; reduced imports; lower wage increases, often caused by lower personal spending or investment, and/or a reduction in government spending. Deflation is broadly the opposite of inflation. Direct Overhead - A portion of the overheads, e.g. lighting, rent, etc., directly associated with the production of goods and services. Discount Loan - A loan on which the finance charges and interest is paid before the borrower receives the money. Dividend - A portion of profits paid by a company to its shareholders. Duopoly - Two companies, or a situation, in which both companies control a particular industry. E-Business - Electronic Business. Using the internet to conduct business or enable businesses to link together. Econometrics - Using mathematics and statistics to study the economy. Economies Of Scale - In manufacturing, the more units being made the cheaper each unit costs to produce. E-Currency - Electronic currency. Used on the Internet for making and receiving payments. Companies which provide this service include Paypal and E-Gold. Elasticity Of Demand - The measure of whether people require more or less of a product or service after a price change.

Electronic Data Exchange - A means of exchanging documents between businesses using electronic equipment such as computers. Employee Stock Option - Allows specified employees the right to purchase shares in the company at a fixed price. Entrenpreneur - An ambitious person who starts new business ventures in order to make a lot of money, often taking financial risks. E-Procurement - Electronic procurement. Businesses using the internet to purchase from, or sell goods and services to, other businesses. Exchange Rate - Also known as Foreign Exchange Rate. The rate, which can vary from day to day, at which a country's currency can be exchanged for another country's currency. Junk Bond - Also known as High Yield Bonds. A high risk bond with a high interest rate, often used by companies to raise finances in order to take over other companies. Gantt Chart - Developed by Henry Gantt in 1917. A type of bar chart which illustrates the scheduled and completed work of a project. It shows start and finish dates, compares work planned to work done and tracks specific tasks. Pareto Principle - Also known as the 80-20 Rule, e.g. 20% of employees perform 80% of the work. 80% of the consequences result from 20% of the causes.
ARPU Average revenue per user ASP Average selling price ASAP (As soon As Possible) agcy. (agency) agt. (agent) assn. (assistant)

[edit]B

BRU Business Recovery Unit B2B Business to Business

B2C Business to Consumer bldg. (building)

[edit]C

CAO Chief Accounting Officer CAGR Compound annual growth rate CAPEX Capital Expenditure CAPM Capital asset pricing model CA Collateralized Debt Obligation CDS Credit Default Swap CEO Chief Executive Officer CFA Chartered Financial Analyst CFC Consumption of fixed capital CFCT Cash Flow Cycle Time CFM Certified Financial Manager CFO PEX Capital Expenditures CFO Chief Financial Officer CFS Consolidated Financial Statement CIA Certified Internal Auditor CIF Cost Insurance With Freight CIMA Chartered Institute of Management Accountants CISA Certified Information Systems Auditor CMA Certified Management Accountant CMO Chief Marketing Officer COB Close of Business COGS Cost of Goods Sold COO Chief Operating Officer CPA Certified Public Accountant CPP Certified Payroll Professional CSO Chief Security Officer CRM Customer Relationship Management CVP Cost Volume Profit CTO Chief Technology Officer C&F Cost With Freight

[edit]D

DDA Depletion Depreciation Amortization, DI Dispatch information disc. (discount) dept. (department)

[edit]E

EAR Effective annual rate EAY Effective Annual Yield EBIT Earnings before interest and taxes EBITDA Earnings before Interest, Taxes, Depreciation, and Amortization EDI Electronic Data Interchange EFTPOS Electronic Funds Transfer at Point of Sale EPS Earnings per share EXP Export

[edit]F

FOB Freight On Board FIFO First In, First Out FL Financial leverage FP&A Financial Planning & Analysis FPO Follow on public offer FIX Financial Information Exchange FX Foreign exchange market

[edit]G

GAAP Generally Accepted Accounting Principles GAAS Generally Accepted Audit Standards GDP Gross Domestic Product GFCF Gross fixed capital formation GRN Goods Receipt Note GP Gross Profit GL General Leger

[edit]H

HR Human Resources HQ (Headquarters)

[edit]I

ICB Industry Classification Benchmark ICRM Innovative Customer Relationship Management IE Interest expense IMP Import IPO Initial Public Offering IR Interest Rate - typically referring to an IR derivative product

J-journal [edit]K [edit]L

LC Letter of credit LIBOR London Interbank Offered Rate LIFO Last In, First Out LLC Limited Liability Company LBO Leveraged Buyout

[edit]M

MTD Month-to-date MOQ Minimum Order Quantity MSOD Monthly Statement of Select Operational Data mfg. (manufacturing date)

[edit]N

NAV Net Asset Value NCND Non-Circumvent and Non-Disclosure NDA Non-Disclosure Agreement NOA Net Operating Assets NOPAT Net Operating Profit After Tax

NPV Net Present Value

[edit]O

OPEX Operational Expenditures OC Opportunity Cost

[edit]P

PMAC Period Moving Average Cost PO Profit Objective PO Purchase Order PP&E Property, plant, and equipment P&L Profit and Loss P/E Price-to-earnings ratio PPP Purchasing power parity PR Purchase Requisition

[edit]Q

QTD Quarter-to-date QC Quality control

[edit]R

RE Retained Earnings ROA Return on assets ROCE Return On Capital Employed ROE Return on Equity ROI Return on Investment ROIC Return on Invested Capital RONA Return on net assets ROS Return on Sales RR Resource rent R&D Research and Development

[edit]S

St Sales (during time period t) SCM Supply Chain Management

SG&A Sales, General, and Administrative expenses SIR Stores Issuance Requisition SIOP Sales Inventory and Operations Plan SIV Structured Investment Vehicle SOHO Small Office/Home Office SOX Sarbanes-Oxley

[edit]T

TCO Total Cost of Ownership TSR Total Shareholder Return

[edit]U [edit]V [edit]W

WACC Weighted average cost of capital WC Working capital wk week wrk work wo work order

[edit]X [edit]Y

YTD Year-to-date YOY Year-Over-Year YAS You-are-Stupid