Glossary of Terms

In relation to options, the same as Vega.

An abbreviation for the Cost of debt.

An abbreviation for the after tax Cost of debt, used in calculating a firm's Weighted average cost of capital.

Abbreviation for Cost of equity.

A school of economic thought, developed by John Maynard Keynes, which takes the view that active fiscal policy and, to a lesser extent, monetary policy, should be used to stimulate aggregate demand and move the economy to full employment equilibrium.

(KYC). The underlying basis of all anti-money laundering regulations, requiring financial and other intermediaries engaged in financial transactions to rigorously check their customers’ identities.

Abbreviation for Key Performance Indicator.

A statistical measure of the shape of a frequency distribution, in relation to a comparable normal distribution. Kurtosis measures the relative degree of clustering of observations in the tails of the distribution and around its mean.

Abbreviation for Know-Your-Customer.