Finans Flashcards

1
Q

Collateral

A

Säkerhet, prevalent feature of debt

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2
Q

Adverse selection

A

En part i transaktionen har mer information

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3
Q

Moral hazard

A

Välja bort fuskare

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4
Q

Sole proprietorship

A

Enskild firma

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5
Q

Partnership

A

handelsbolag

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6
Q

Limited liability

A

Limited partnership without general partners

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7
Q

Corporations

A

Aktiebolag

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8
Q

Market capitalization

A

Shares outstanding x market price per share

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9
Q

arbitage

A

Buying and selling equivalent goods in different markets to take advantage of the price difference

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10
Q

Debt deflation

A

Tillgångarna sjunker i värde

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11
Q

Shadow banks

A

Aktiva i kreditmarknaden men som inte är banker

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12
Q

Money market

A

Värdepapper med väldigt låg löptid, låg default risk

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13
Q

Strippade obligationer

A

Obligationer utan kuponger

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14
Q

Risk aversion

A

Aspect of investors preferences regarding safety of an income composed to the risk

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15
Q

Why is electronic communication network good?

A
Allow brokers to trade w/o the need of middleman
Transparency
Cost reduction
Faster execution
After hour trading
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16
Q

Common risk

A

Perfekt correlation

17
Q

Independent risk

A

Risk that it uncorrelated

18
Q

Types of independent risks

A
Firm specific risk
Idiosyncratic risk
Unique risk
Unsystematic risk
Diversifiable risk
19
Q

efficient frontier

A

Those offering the highest possible expected return for a given level of volatility

20
Q

tangent portfolios

A

Optimal portfolio, where the sharp-ratio is tangent to the efficient frontier of risky investments

21
Q

Beta

A

Measures the sensitivity of the investment i to the fluctuations of the portfolio

22
Q

CAPM assumptions

A

123

23
Q

Total assets

A

total liabilities + capital

24
Q

Secondary reserves

A

Short term treasury debt, have high liquidity

25
Q

genereal principles of bank management

A
  1. Liquidity management 2. asset management 3. liability management 4. managing capital aldequacy
26
Q

fundamentals of insurance

A

1-7

27
Q

Monoline insurance

A

specilize in credit insurance

28
Q

What are ethics

A

1-5

29
Q

Suitable investments

A

Risk tolerance, holding horizion, liquidity etc, tax consideration

30
Q

Aktieägaravtal att aldrig gå med på

A

inte kunna arbete med innehav av något annat, skiljenämnd, advokatkostnad