Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Investment Banking Jargon > Morgan Stanley > Flashcards

Morgan Stanley Flashcards

1
Q

Acquisition

A

One company taking over the controlling interest of another company.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Alternative Investment

A

Investment vehicles that can be anything from hedge funds to private equity funds, managed futures, real estate, etc.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Analyst

A

An entry-level point for graduates in the Firm; in Research, this can also refer to a senior employee in the Research Division.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Assets

A

The various resources that an individual or organisation owns.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Bear

A

An investor who expects prices to fall.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Bid/Ask

A

A pair of prices, where “bid” is the price at which a trader is prepared to buy and “ask” is the price at which a trader is prepared to sell a security.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Block Trade

A

A trade that involves a large quantity of stock (ie 10,000 shares or more).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Bond

A

A loan that entails a promise by a corporate municipal, or government entity to repay a borrowed amount (“principal”) on a particular date (“maturity”) at an agreed upon interest rate along with a fixed-coupon payment.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Bull

A

An investor who expects prices to rise.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Capital

A

Material wealth used or available for use in the production of more wealth.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Capital Market

A

The market for the purchase and sale of medium and long-term financial instruments, including bonds, notes, swaps and equities.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Central Bank

A

State Institutions, typically independent of the government, which take care of issuing currency, setting interest rates and controlling inflation.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Chinese Wall

A

Imaginary barrier restricting the flow of information between the Public side of the business and the Private side.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Commodities

A

Raw materials, such as precious metals or grains, for which contracts are bought and sold on commodities exchanges.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Common Stock

A

A class of stock, usually having voting power, conferring residual ownership of assets of a corporation after all liabilities gave been satisfied. Known as ordinary share capital in the UK.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Controllers

A

The department within a firm that oversees financial accounts and transactions.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Convertible bonds

A

Corporate securities (usually preferred shares or bonds) that are exchangeable for a set number of another form (usually common shares) at a fixed price.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Coupon

A

The interest that a borrower promises to pay the holder of a bond.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Derivatives

A

A contract whose value is based on the performance of an underlying financial asset, index, or another instrument (i.e. options and futures on various securities or commodities).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

DCF

A

Abbreviation for discounted cash flow analysis, a method used to value a project, company, or financial asset.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

DCM

A

Abbreviation for Debt Capital Markets, a group within Global Capital Markets.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Due Diligence

A

An analysis that aims at preventing harm to both parties involved in a transaction by reviewing financial records.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

ECM

A

Abbreviation for Equity Capital Markets, a group within Global Capital Markets.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

ED

A

Abbreviation for Executive Director, a mid-senior-level manager.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Equity

A

The monetary value of the ownership of an investment.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Equity Research

A

Analysts in Equity Research focus on understanding the fundamentals of the economy, an industry, or an individual business to assist the Firm’s clients in making sound investment decisions.

27
Q

FCA

A

Abbreviation for Financial Conduct Authority.

28
Q

FIG

A

Abbreviation for Financial Institutions Group.

29
Q

Fixed Income

A

Bonds, bills, and interest bearing notes that pay a specific interest rate over the life of a loan.

30
Q

Flotation

A

Issuing new shares or stocks.

31
Q

Forward

A

This is an agreement between two parties to buy or sell an asset at a specified price or given date.

32
Q

FSG

A

Abbreviation for Financial Sponsors Group, an industry group within the Investment Banking Division.

33
Q

Future

A

A standardised contract traded on an exchange. This is an agreement between two parties to buy or sell an asset at a specified price on a given date.

34
Q

FX

A

Abbreviation for foreign exchange.

35
Q

GCM

A

Abbreviation for Global Capital Markets.

36
Q

Hedge Fund

A

A type of fund focused on absolute, rather than relative, performance. It is allowed to short stocks (sell stock before you own it) and can use financial leverage.

37
Q

IPO

A

Abbreviation for initial public offering, the inaugural issuance of stock or other securities by a company for sale to the public.

38
Q

Issue

A

Financial securities that are made available for sale.

39
Q

LAF

A

Abbreviation for Leveraged Acquisition Finance, a group within GCM.

40
Q

LBO

A

Abbreviation for leveraged-buy-out, a strategy involving the acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition.

41
Q

Liquid

A

An asset is liquid if it is relatively easy to find a buyer or seller for it.

42
Q

M&A

A

Abbreviation for Mergers & Acquisitions Department within the investment banking division.

43
Q

Merger

A

A consolidation where the combined net assets of two or more companies form a new company.

44
Q

Option

A

An investor’s right to purchase or sell a security or commodity on a specific date or predetermined price. The investor forfeits the instrument if they don’t exercise the options by the expiration date.

45
Q

PIB

A

Abbreviation for Public Information Book.

46
Q

Plain Vanilla

A

A simple, straightforward financial product without any unusual characteristics.

47
Q

Private Equity

A

Equity capital invested in a private company that has demonstrated operational excellence, sound long-term strategies and attractive growth potential.

48
Q

Privatisation

A

The process of converting a publicly or government owned enterprise into a privately owned and operated entity.

49
Q

Proprietary Trader

A

A trader that creates direct profit and risk exposure for the bank by taking positions, as opposed to trading for a client and charging commission.

50
Q

PWM

A

Abbreviation for private wealth management.

51
Q

Recapitalisation

A

Alteration of corporation’s capital structure, such as exchanging a proportion of debt or equity. Bankruptcy is a common reason for recapitalisation.

52
Q

Research Analyst

A

A senior member of equity research.

53
Q

Risk

A

The always-present chance of losses or other negative consequences as a result of investment.

54
Q

Salesperson

A

In the financial world, a person whose job is to sell securities for brokers, dealers and corporations.

55
Q

Sales Trader

A

Facilitates the execution of the customer’s orders and acts as the liaison between the firm’s traders and institutional traders. This role focuses on the short-term “story and flow” dealings.

56
Q

Securities

A

Typically, stocks and bonds.

57
Q

Securitisation

A

The process of distributing risk by aggregating debt instruments in a pool and issuing new securities backed by the pool.

58
Q

Spot Market

A

A commodities market where goods sell for cash and get immediately delivered.

59
Q

Stock

A

An investor’s ownership of a portion of a corporation.

60
Q

Syndicate

A

A group of investment banks that spread the risk of a new issue by jointly underwriting and distributing a new security offering.

61
Q

TMT

A

Abbreviation for technology, media and telecoms.

62
Q

Tombstone

A

A print advertisement in the financial press that announcements a securities offering.

63
Q

Trader

A

A professional who purchases and sells securities for brokers, dealers , and his or her own accounts.

64
Q

Yield

A

The return on a security expressed as a proportion of its price.

Investment Banking Jargon (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions