You will have noticed by now there are a lot of abbreviations in the financial world. Some because the words are too long or confusing to say in full, and some because of laziness. We have done our best to produce a conclusive list of all the acronyms you might come across on the Marcus Today website and in the Financial world. Hope it helps.

A

• AASB – Australian Accounting Standards Board
• ABS – Asset Backed Security
• ACCC – Australian Competition and Consumer Commission
• ADTV – Average Daily Trading Volume.
• AFR – Australian Financial Review
• AGM – Annual General Meeting
• AI – Artificial Intelligence
• AISC – All-In Sustaining Cost
• ARPU – Average Revenue Per User
• ARR – Average Rate of Return
• ASIC – Australian Securities & Investment Commission
• ASX – Australian Stock Exchange
• ATO – Australian Taxation Office
• ATR – Average True Range
• AUM – Assets Under Management
• AUSTRAC - Australian Transaction Reports and Analysis Centre
• AXJO – ASX 200

B

• B2B – Business-to-Business
• B2B – Business-to-Consumer
• BBSW – Bank Bill Swap Rate
• BNPL – Buy Now Pay Later
• BOE – Barrels of Oil Equivalent
• BP – Basis Point
• BPS – Basis Points
• BRICS – Brazil, Russia, India, China and South Africa

C

• C2C – Customer-to-Customer
• CA – Chartered Accountant
• CAGR – Compound Annual Growth Rate
• CAPM – Capital Asset Pricing Model
• CAR – Capital Adequacy Ratio
• CD – Certificate of Deposit
• CDO – Collateralised Debt Obligation
• CDS – Credit Default Swap
• CEO – Chief Executive Officer
• CET1 – Common Equity Tier 1
• CFA – Chartered Financial Analyst
• CFD – Contract for Differences
• CFO – Chief Financial Officer
• CHX – Chi-X Trading Platform
• CIO – Chief Investment Officer
• COO – Chief Operating Officer
• CPI – Consumer Price Index
• CTO – Chief Technology Officer

D

• D/E – Debt-to-Equity-Ratio
• DCF – Discounted Cash Flow (DCF)
• DJIA – Dow Jones Industrial Average
• DPS – Dividend Per Share

E

• EAC – Equivalent Annual Cost
• EBIAT – Earnings Before Interest and After Tax
• EBIDA – Earnings Before Interest, Depreciation and Amortisation
• EBIT – Earnings Before Interest and Tax
• EBITDA – Earnings Before Interest, Tax, Depreciation, Amortisation
• EBITDAF – Earnings Before Interest, Tax, Depreciation, Amortisation and Foreign Currency
• ECB – European Central Bank
• ECM – Equity Capital Market
• EFT – Electronic Funds Transfer
• EGM – Extraordinary General Meeting
• EPS – Earnings Per Share
• ETF – Exchange Traded Funds
• EU – European Union
• EV – Electronic Vehicle
• EV – Enterprise Value
• EV – Expected Value
• EV/R – Enterprise-Value-To-Revenue Multiple

F

• FASB – Financial Accounting Standards Board (American)
• FCF – Free Cash Flow
• FDA – Food and Drug Administration
• FDI – Foreign Direct Investment
• FFO – Funds From Operations
• FI – Financial Institution
• FIRB – Foreign Investment Review Board
• FOMC – Federal Open Market Committee
• FOMO – Fear of Missing Out
• FOREX – Foreign Exchange
• FT – Financial Times
• FV – Future Value
• FX – Foreign Exchange
• FY – Financial Year

G

• GBP – British Pound Sterling
• GDI – Gross Domestic Income
• GDP – Gross Domestic Profit
• GM – General Manager
• GNP – Gross National Product
• GST – Goods and Services Tax

H

• H1 - First Half
• H2 - Second Half
• HDI – Human Development Index
• HSI – Hang Seng Index

I

• IB – Investment Bank
• ICC – International Chamber of Commerce
• ICO – Initial Coin Offering
• IDR – International Depository Receipt
• IFE – International Fisher Effect
• IMF – International Monetary Fund
• IMO – In My Opinion
• IOTD – Idea of the Day
• IPO – Initial Public Offering
• IRR – Internal Rate of Return
• ITM – In the Money
• IV – Implied Volatility

J

• JOLTS – Job Openings and Labor Turnover Survey
• JPY – Japanese Yen
• JV – Joint Venture

K

• KPI - Key Performance Indicators
• KYC – Know Your Client

L

• LIBOR – London InterBank Offered Rate
• LIC – Listed Investment Company
• LME – London Metal Exchange
• LNG – Liquified Natural Gas
• LOC – Line of Credit
• LOI – Letter of Intent
• LSE – London Stock Exchange
• LTV – Loan-to-Value

M

• M&A – Mergers and Acquisitions
• MA – Moving Average
• MACD – Moving Average Convergence Divergence
• MAU – Monthly Active Users
• MBA – Master of Business Administration
• MBS – Mortgage-Backed Security
• MCSI – Michigan Consumer Sentiment Index
• MFI – Money Flow Index
• MR – Marginal Revenue
• MTM – Market to Market
• MTN – Medium Term Note

N

• NAFTA – North American Free Trade Agreement
• NAV - Net Asset Value
• NDA – New Drug Application
• NDP – Net Domestic Product
• NI – Net Income
• NII – Net Investment Income
• NIM - Net Interest Margin
• NOHC – Non-Operating Holding Company
• NOPAT – Net Operating Profit After Tax
• NOPLAT – Net Operating Profit Less Adjusted Tax
• NPA – Non-Performing Asset
• NPAT – Net Profit After Tax
• NPO – Non-Profit Organisation
• NYSE - New York Stock Exchange

O

• OBS – Off-Balance Sheet
• OPEC – Organisation Of the Petroleum Exporting Countries
• OTC – Over the Counter
• OTM – Out of The Money

P

• P&L – Profit and Loss Statement
• P/S – Price to Sales
• P2P – Peer-To-Peer
• PBT – Profit Before Tax
• PCP – Previous Corresponding Period
• PDS – Product Disclosure Statement
• PE – Price-To-Earnings Ratio
• PEG – Price/Earnings-To-Growth
• PIIGS – Portugal, Italy, Ireland, Greece, Spain
• PIMCO – Pacific Investment Management Co.
• PLC – Public Limited Company
• PMI – Purchasing Managers’ Index
• POP – Point of Purchase
• POS – Point of Sales
• PP&E – Property, Plant and Equipment
• PPI – Producer Price Index

Q

• Q/Q – Quarter over Quarter
• Q1 – Quarter 1
• Q2 – Quarter 2
• Q3 – Quarter 3
• Q4 – Quarter 4
• QoQ – Quarter on Quarter
• QTD – Quarter-to-Date

R

• R&D – Research and Development
• REIT - Real Estate Investment Trust
• Repo – Repurchase Agreement
• ROA – Return on Assets
• ROC – Return of Capital
• ROE – Return on Equity
• ROI – Return on Investment
• RPI – Retail Price Index
• RRR – Required Rate of Return
• RSI – Relative Strength Index

S

• S&P – Standard & Poor
• S&P 500 – Standard & Poor’s 500 Index
• SCMP – South China Morning Post
• SMSF – Self Managed Super Fund
• SOMP – Statement of Monetary Policy
• SEC – Securities Exchange Commission
• SMA – Self Managed Account
• SPP – Share Purchase Plan
• SPV – Special Purpose Vehicle
• SWOT – Strength, Weakness, Opportunity and Threat Analysis

T

• T-Bills – Treasury Bills
• T-Bond – Treasury Bond
• TERP – Theoretical ex-rights price
• TGIF – Thank God Its Friday
• TINA – There is No Alternative
• TGA – Therapeutic Goods Administration
• TM – Trade Match
• TPD – Total Permanent Disability
• TRINA – There Really is No Alternative
• TSI – True Strength Index

U

• UN – United Nations
• UPT – Units Per Transaction
• USD – United States Dollar

V

• VIX – CBOE Volatility Index
• VWAP – Volume Weighted Average Price

W

• WACC – Weighted Average Cost of Capital
• WALE – Weighted Average Lease Expiry
• WSJ – Wall Street Journal
• WTI – West Texas Intermediate
• WTO – World Trade Organisation

X Y

• YOLO – You Only Live Once
• YoY – Year-over-Year
• YTD – Year to Date
• YTM – Yield to Maturity

Z Undoubtedly we have missed some. If you have any additions please email me at ben@marcustoday.com.au and I will add them to the list.