Common Abbreviations

Question 1

ADR/ADS

Answer 1

American depositary receipt/share

Question 2

AIR

Answer 2

assumed interest rate

Question 3

APO

Answer 3

additional public offering

Question 4

AMTI

Answer 4

alternative minimum taxable income

Question 5

AUM

Answer 5

assets under management

Question 6

BCP

Answer 6

business continuity plan

Question 7

BD

Answer 7

broker-dealer

Question 8

BSA

Answer 8

Bank Security Act

Question 9

BU

Answer 9

bushel

Question 10

CD

Answer 10

certificate of deposit

Question 11

CEF

Answer 11

closed-ended fund

Question 12

CEO

Answer 12

chief executive officer

Question 13

CFTC

Answer 13

Commodity Futures Trading Commission

Question 14

CIP

Answer 14

customer identification program

Question 15

CMO

Answer 15

collateralized mortgage obligation

Question 16

CMV

Answer 16

current market value

Question 17

CODA

Answer 17

cash or deferred arrangement

Question 18

COGS

Answer 18

cost of good sold

Question 19

CPI

Answer 19

Consumer Price Index

Question 20

CY

Answer 20

current yield

Question 21

DCF

Answer 21

discounted cash flow

Question 22

DJIA

Answer 22

Dow Jones Industrial Average

Question 23

DMA

Answer 23

direct market access

Question 24

DMM

Answer 24

Designated Market Maker

Question 25

DPP

Answer 25

direct participation program

Question 26

EE

Answer 26

Series EE savings bonds

Question 27

EIA

Answer 27

equity index annuity

Question 28

ELN

Answer 28

equity linked note

Question 29

EPS

Answer 29

earnings per share

Question 30

ERA

Answer 30

exempt reporting advisor

Question 31

ERISA

Answer 31

Employee Retirement Income Security Act of 1974

Question 32

ESG

Answer 32

environmental, social, and governance investing

Question 33

ETF

Answer 33

exchange-traded fund

Question 34

ETN

Answer 34

exchange-traded note

Question 35

FAC

Answer 35

face-amount certificate

Question 36

Fed

Answer 36

Federal Reserve System

Question 37

FDIC

Answer 37

Federal Deposit Insurance Corporation

Question 38

FIFO

Answer 38

first in, first out

Question 39

FINRA

Answer 39

Financial Industry Regulatory Authority

Question 40

FMV

Answer 40

fair market value

Question 41

FNMA

Answer 41

Federal National Mortgage Association

Question 42

FOMC

Answer 42

Federal Open Market Committee

Question 43

FRB

Answer 43

Federal Reserve Board

Question 44

GDP

Answer 44

gross domestic product

Question 45

GIC

Answer 45

guaranteed investment contract

Question 46

GNMA

Answer 46

Government National Mortgage Association

Question 47

GO

Answer 47

general obligation bond

Question 48

HFT

Answer 48

high-frequency trading

Question 49

HNW

Answer 49

high net worth

Question 50

IA

Answer 50

investment advisor

Question 51

IAR

Answer 51

investment advisor representative

Question 52

IARD

Answer 52

Investment Advisor Registration Depository

Question 53

IPO

Answer 53

initial public offering

Question 54

IRA

Answer 54

individual retirement account

Question 55

IRC

Answer 55

Internal Revenue Code

Question 56

IRS

Answer 56

Internal Revenue Service

Question 57

JTIC

Answer 57

joint tenants in common

Question 58

JTWROS

Answer 58

joint tenants with right of survivorship

Question 59

LIFO

Answer 59

last in, first out

Question 60

LOI

Answer 60

letter of intent

Question 61

MNPI

Answer 61

material nonpublic information

Question 62

MRD

Answer 62

minimum required distribution

Question 63

MSRB

Answer 63

Municipal Securities Rulemaking Board

Question 64

NASAA

Answer 64

North American Securities Administrators Association

Question 65

Nasdaq

Answer 65

National Association of Securities Dealers Automated Quotation system

Question 66

NAV

Answer 66

net asset value

Question 67

NIRP

Answer 67

negative interest-rate policy

Question 68

NL

Answer 68

no load

Question 69

NYSE

Answer 69

New York Stock Exchange

Question 70

OTC

Answer 70

over the counter

Question 71

PE

Answer 71

price-to-earnings ratio

Question 72

PII

Answer 72

personally identifiable information

Question 73

POA

Answer 73

power of attorney

Question 74

POD

Answer 74

pay on death

Question 75

POP

Answer 75

public offering price

Question 76

RAUM

Answer 76

regulatory assets under management

Question 77

REIT

Answer 77

real estate investment trust

Question 78

RF

Answer 78

risk-free rate

Question 79

SEC

Answer 79

Securities and Exchange Commission

Question 80

SEP

Answer 80

simplified employee pension plan

Question 81

SERP

Answer 81

supplemental executive retirement plan

Question 82

SIPC

Answer 82

Securities Investor Protection Corporation

Question 83

SPO

Answer 83

subsequent public offering

Question 84

SRO

Answer 84

self-regulatory organization

Question 85

STRIPS

Answer 85

Separate Trading of Registered Interest and Principal of Securities

Question 86

TBE

Answer 86

tenants by the entirety

Question 87

TIC

Answer 87

tenants in common

Question 88

TOD

Answer 88

transfer on death

Question 89

TSA

Answer 89

tax-sheltered annuity

Question 90

TVA

Answer 90

Tennessee Valley Authority

Question 91

UGMA / UTMA

Answer 91

Uniform Gift (Transfers) to Minors Act

Question 92

UIT

Answer 92

unit investment trust

Question 93

UPIA

Answer 93

Uniform Prudent Investors Act

Question 94

USA

Answer 94

Uniform Securities Act

Question 95

UVL

Answer 95

universal variable life insurance

Question 96

VLI

Answer 96

variable life insurance

Question 97

YLD

Answer 97

yield

Question 98

YTC

Answer 98

yield to call

Question 99

YTM

Answer 99

yield to maturity

Question 100

ZIRP

Answer 100

zero interest-rate policy

Question 101

ZR

Answer 101

zero coupon