Asset beta
Level II
The unlevered beta; reflects the business risk of the assets; the asset’s systematic risk.
CFA RESOURCE
CFA Glossary of Terms and Formulas
Use this glossary to search CFA terms, formulas, and finance concepts while you study. Browse alphabetically, search for a specific term, or review short definitions across the CFA Program.
This page is built for candidates preparing for CFA Level I, Level II, or Level III.
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Asset purchase
Level II
An acquisition in which the acquirer purchases the target company’s assets and payment is made directly to the target company.
Asset-backed securities
Level II
A type of bond issued by a legal entity called a special purpose vehicle (SPV), on a collection of assets that the SPV owns. Also, securities backed by receivables and loans other than mortgage loans.
Asset-based approach
Level II
Approach that values a private company based on the values of the underlying assets of the entity less the value of any related liabilities.
Asset-based valuation
Level II
An approach to valuing natural resource companies that estimates company value on the basis of the market value of the natural resources the company controls.
COMMON QUESTIONS
FAQs About KeyPoint Learning's CFA Glossary
What is a CFA glossary?
A CFA glossary is a reference list of terms, formulas, and finance concepts that appear across the CFA Program. It helps candidates review key ideas while studying for Level I, Level II, or Level III.
CFA Glossary
Does this glossary cover CFA Level I, Level II, and Level III?
This glossary is designed to support candidates across the CFA Program. Where level information is available, terms can be labeled by CFA Level I, Level II, or Level III.
CFA Glossary
Does this glossary include CFA formulas?
Yes, formula-related terms may be included in the glossary. For a more focused formula review, use the CFA Formula Sheet resource.
CFA Glossary
Should I memorize every CFA term?
No. It is better to understand important terms in context than to memorize every definition by itself. Focus on how each concept works, where it appears in the curriculum, and how it may be tested.
CFA Glossary
Where can I find more CFA study resources?
You can explore KeyPoint Learning’s CFA resources for study planning, calculator guidance, formulas, GIPS Standards, and CFA Program information.
CFA Glossary
KEEP BUILDING YOUR UNDERSTANDING
Explore More CFA Resources
Definitions are useful when you need a quick review. But CFA prep also requires structure, practice, and a clear plan for your exam window.
Use these resources to keep studying: