Finance

A multi-asset class, also known as a multiple-asset class or a multi-asset fund, is a term used to describe an investment that consists of a…

A euro medium-term note (EMTN) is a flexible, medium-term financial instrument traded and issued outside of the United States and Canada. EMTNs are unsecured debt instruments…

A medium-term note (MTN) is a debt note with a duration of 5–10 years, though it can be as short as one year or as…

Commercial paper (CP) that is collateralized by other financial assets is known as asset-backed commercial paper (ABCP). It’s a short-term investment vehicle with a maturity…

Valuable papers insurance is a form of insurance policy that protects an organization’s valuable documents from a particular peril, such as corporate charters, trusts, and…

A multilateral trading facility (MTF) is a sort of trading platform for exchanging financial instruments. It is a phrase used by the European Union to…

A special purpose vehicle (SPV), also known as a special purpose entity (SPE), is a legal entity formed by a corporation; it is a separate…

A general obligation (GO) bond is a form of municipal bond in which the bond repayments (interest and principal) are guaranteed by the applicable government…

When existing pay levels are used, an Accumulated Benefit Obligation (ABO) is an approximation of the present value of health benefits or pensions to which…

The projected benefit obligation (PBO), also known as the present value of defined benefit obligation (PVDBO), is an actuarial calculation that determines how much money…

A simplified employee pension (SEP) is an individual retirement account (IRA) that an employer or a self-employed person can establish. SEP IRAs are for business…

Employers sponsor a deferred profit-sharing plan (DPSP) that combines a pension with a retirement plan to help employees prepare for retirement. It is a business-supported…