banking jargon Flashcards
Every analysts worst nightmare- entails non-stop working for at least 24 hours to meet deadline
All nighter
The specialist for specific area, sector or function, also the job title new graduate are given in investment banking.
Analyst.
Profiting from differences between market prices by buying securities in one and selling another.
Arbitrage
Professional examination and verification of a companys accounting data
Audit
Used to describe processing transactions using technology rather then manually, this is a big issue in financial services as cost and risk are seriously impacted by manual processing.
Automation
The support functions not directly responsible for the revenue aspects of the bank.
Back Office
A group of representatives from central banks around the world that mandate regulation to ensure stability of global financial infrastructure.
Basel Commitee
Representing a hundreth percent; to measure changes in interest rates.
Basis Point
An individual who expects the value of a commodity, security or currency to fall.
Bear
Any market in which prices exhibit a decling trend for a prolongerd period, usually falling by 20% or more.
Bear MArket
A well established company with a good record of earnings over a long period of time.
Blue Chip
The summary of positions held by a dealer, desk or room.
Book
A long term debt instrument with the promise to pay a specified amount of interest and to return the principal amount on a specified maturity date.
Bond
An individual or firm that charges a fee or commission for executing buy and sell orders submitted by another individual or firm.
Broker
A period during which security prices in a particular market are rising.
Bull market
