Financial Acronyms, Synonyms, Antonyms, and Terms
Financial Acronyms
- BSc: Bachelor of Science
- BA: Bachelor of Arts
- MA: Master of Arts
- MSc: Master of Science
- MBA: Master of Business Administration
- PhD: Doctor of Philosophy
- IMF: International Monetary Fund
- WTO: World Trade Organization
- WBG: World Bank Group
- OECD: Organization for Economic Cooperation and Development
- ISA: Individual Saving Account
- IPO: Initial Public Offering
- GATT: General Agreement on Tariffs and Trade
- ECB: European Central Bank
- CDO: Collateralized Debt Obligation
- EEC: European Economic Community
- BIC: Bank Identifier Code
- L/C: Letter of Credit
- SWOT: Strengths, Weakness, Opportunities, Threats
- CEO: Chief Executive Officer
- CFO: Chief Financial Officer
- CPI: Consumer Price Index
- PIT: Personal Income Tax
- VAT: Value Added Tax
- B/E: Bill of Exchange
- NATO: North Atlantic Treaty Organization
- AER: Annual Equivalent Rate
- NPV: Net Present Value
- SIV: Structured Investment Vehicle
- AGM: Annual General Meeting
- NINJA: No Income, No Job, No Assets
- ATM: Automatic Teller Machine
- GDP: Gross Domestic Product
- ICC: International Chamber of Commerce
- EFTA: European Free Trade Agreement
- TTIP: Transatlantic Trade and Investment Partnership
Financial Synonyms
- Transfer – Swap
- Government Stocks – Bonds
- Ordinary Account – Current Account
- To Be Overdrawn – Have Gone into the Red
- Cash Dispenser – ATM (Automatic Teller Machine)
- To Take Money from a Bank – To Withdraw
- Shares – Stocks
- To Lend – To Loan
- Aims – Objectives
- Research – Investigation
- Collateral – Guarantee
- To Make Money – To Make a Profit
- Leading Firms – Outstanding Companies
- Venture – Business Enterprise
- To Begin – To Start
- Really/In Fact – Actually
- Prediction – Forecasting
- People – Human Beings
- Sad, Gloomy – Dismal
- Erratic, Unpredictable Action – Vagary
- Famous – Well Known
- To Make an Impact – Impinge
- Insulting – Unflattering
- Suppose – Assume
- Such As – For Example
- Indeed – Actually
- Similarly – Equally
- Therefore – As a Consequence
- To Meet Needs – Satisfy Necessities
- To Allocate – Assign
- Labor – Work
- Commodities – Goods
- To Supply – To Provide
- Commerce – Trade
Financial Antonyms
- To Withdraw Money from a Bank – To Deposit
- Debtor – Creditor
- To Lend – To Borrow
- Borrowers – Lenders
- Higher – Lower
- Developed Countries – Developing Countries
- Employees – Employers
- Poverty – Wealth
- To Loan – To Borrow
- To Die – To Survive
- Demand – Supply
- Wealth – Poverty
- Employment – Unemployment
- Scarce – Abundant
Key Financial Definitions
- Economics: Has been called the dismal science.
- Economist: Experts in predicting the past.
- Economy: A system of producing, distributing, and consuming wealth.
- Production: Any activity designed to satisfy people’s wants and needs.
- Commodity: A marketable item produced to satisfy wants or needs.
- Central Bank: Implements the monetary policies of governments, issues currency, and sets interest rates on loans and bonds.
- Retail Banking: Refers to commercial banks, clearing banks, or retail banks, which take deposits and make loans to private individuals and businesses.
- Investment Banks: Or corporate banks, provide advice and specialist services to corporations or large individual customers.
- Microcredit Banks: Lend sums of money to people in developing countries for small business development.
Numbers and Symbols
Twenty-five (25), fifty (50), fifty-four (54), forty-seven (47), ninety-eight (98), hundred, thousand, million, fifty-four point seven four nine (54.749). Dollars-cents, euros-cents, pounds-pence, per cent, (1/2) half, 1/3 a third, 1/4 a quarter, 1/8 an eighth, 2/5 two-fifths, 3/4 three-quarters, 3/7 three-sevenths, – minus, years: 13 thirteen, 17*381 seventeen times three hundred…, three into nine goes.