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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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Hybrid approach that combines cash flow and duration matching approaches. Under this approach, liabilities are categorized as short-and long-term liabilities.

Human capital

Level III

An implied asset; the net present value of an investor’s future expected labor income weighted by the probability of surviving to each future age. Also called net employment capital. Synonyms: Net employment capital

Combinations of market types, which offer elements of batch auction markets and continuous auction markets, as well as quote-driven markets.

A type of scenario analysis used in stress testing that involves the evaluation of performance given events that have never happened in the markets or market outcomes to which we attach a small probability.

I-spread

Level III

The yield on a credit security over the swap rate (denominated in the same currency as the credit security). Also known as interpolated spread.

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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