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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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With respect to an insurance company, an amount representing the estimated payments to policyholders, as determined by actuaries, based on the types and terms of the various insurance policies issued by the company.

The risk of war, government collapse, political instability, expropriation, confiscation, or adverse changes in taxation. Also called geopolitical risk. Synonyms: Geopolitical risk

Portable

Level III

Moveable. With reference to a pension plan, one in which a plan participant can move his or her share of plan assets to a new plan, subject to certain rules, vesting schedules, and possible tax penalties and payments.

A strategy involving the combining of multiple positions (e.g., long and short positions) so as to separate the alpha (unsystematic risk) from beta (systematic risk) in an investment.

COMMON QUESTIONS

FAQs About KeyPoint Learning's 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

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

Yes, formula-related terms may be included in the glossary. For a more focused formula review, use the CFA Formula Sheet resource.

CFA Glossary

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

You can explore KeyPoint Learning’s CFA resources for study planning, calculator guidance, formulas, GIPS Standards, and CFA Program information.

CFA Glossary
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