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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 defined-benefit pension plans, the present value of accumulated and projected future service benefits, including the effects of projected future compensation increases.

A measure of the increase in the investor’s wealth due to both investment income (for example, dividends and interest) and capital gains (both realized and unrealized).

A swap contract that involves a series of exchanges of the total return on a specified asset or equity index in return for specified fixed or floating rate payments.

Party responsible for paying the reference obligation cash flows and return to the receiver, but will also be compensated by the receiver for any depreciation in the index or default losses incurred on the portfolio.

Party receives both the cash flows from the underlying index as well as any appreciation in the index over the period in exchange for paying Libor plus a pre-determined spread.

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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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