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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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CFA Candidate Studying KeyPoint Learning
Showing 61-65 of 776 terms Level: Level III × Clear all
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A type of order that gives the trader’s agent discretion to execute the order only when the agent judges market conditions to be favorable.

Beta

Level III

A measure of the sensitivity of a given investment or portfolio to movements in the overall market.

Beta research

Level III

Research related to systematic (market) risk and return; a way investment research is organized in some investment management firms.

Bid

Level III

The price at which a dealer will buy a specified quantity of a security. Also called bid price. Synonyms: Bid price

Bid price

Level III

In a price quotation, the price at which the party making the quotation is willing to buy a specified quantity of an asset or security.

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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