Investment Acronyms v1.43 - prepared by George Zurakowski  ( http://goldsilverstocks.info )

- commonly used on sites such as Zero Hedge - http://www.zerohedge.com/

ABCP
Asset-backed commercial paper is a form of commercial paper that is collateralised by other financial assets

ABS

Asset-backed security 

ADP
ADP National Employment Report, a measure of employment from about 500,000 U.S. business clients.
AFP
Agence France-Presse, a major newsw agency

Ag

Silver

AIB  

Allied Irish Banks PLC - one of the Big Four commercial banks in Ireland

AIG

American International Group, a major insurer bailed out by the US after losses in subprime derivatives

AMBAC
AMBAC is a holding company whose subsidiaries provide financial guaranty insurance

AMEX

American Stock Exchange  OR  also American Express

ARB (1)

Asset Recovery Bank created by the Irish Gov't in Sept. 2010 to split Anglo Irish Bank after the financial crisis, see also FB (Funding Bank)

ARB (2)

Arbitrage - profiting from market imbalances, typically in stocks and bonds

ARM

Adjustable Rate Mortgage

ARRA

American Recovery and Reinvestment Act of 2009

Au

Gold

AUDJPY

Value of Australian Dollar verus the Japanese Yen

AUM

Assets Under Management ( of a fund or financial institution)

BAB
Build America Bonds, part of ARRA, the American Recovery and Reinvestment Act of 2009, to try lowering state/local borrowing costs

BAC

Symbol for Bank of America Corporation

Bad Bank

A state-guaranteed bank holding non-performing (toxic) assets

Bancor

A proposed and re-proposed Global Currency, presumably IMF controlled/issued

BEA

Bureau of Economic Analysis (U.S.)

BDI
Baltic Dry Index,  considered by many economists as a good leading indicator for the world economy

BFSR

Bank Financial Strength Rating (Moody's) or Bank Fundamental Strength Rating (S&P) - reflects a bank’s intrinsic financial strength

BIS

Bank for International Settlements

BLS

Bureau of Labor Statistics (U.S.)

BOE
Bank of England

BofA

Bank of America

BOJ

Bank of Japan

BRIC

Refers to the countries of Brazil, Russia, India, and China, a rapidly developing group of countries

BTP
Italian Government Bonds
Bund(s)
German Government Bonds, generally considered to be the benchmark or safest European bonds
BTC
Bid to Cover Ratio
BTP
BTP's are Italian Government Bonds
BTFD
Buy the Failed, Friggin' or F*^% Dip
CAPEX
Capital expenditures (expenditures creating future benefits)

Case-Shiller Indices

S&P/Case-Shiller Home Price Indices for the US residential housing market

CB

Central Bank (like the Federal Reserve, Bank of Canada, Bank of Japan, etc)

CBGA
Central Bank Gold Agreement (also known as WAG, Washington Agreement on Gold)

CBO

Congressional Budget Office (U.S.)

CBOT

Chicago Board Of Trade - a commodity exchange

CDO

Collateralized debt obligation

CDS

Credit-Default Swap

CEA

Council of Economic Advisers (U.S.)

CFO

Chief Financial Officer

CFR

Council on Foreign Relations, an influential organization with world and corporate leaders as members

CFTC

Commodity Futures Trading Commission (U.S.)

CIC

Chinese Sovereign Wealth fund

CLO

Collateralized Loan Obligation, a type of CDO or SPV similar to CMO (Collateralized Mortgage Obligation)

CLSA

CLSA Asia-Pacific Markets is a research-driven agency broker and financial-services group

CMA

CMA Datavision, a source for OTC market pricing data - can be stocks, bonds, commodities, derivatives

CMBS
Commercial mortgage-backed securities
CMBX
A synthetic tradeable index referencing a basket of 25 commercial mortgage-backed securities. More here.

COT

Commitment of Traders - CFTC report of various participants' holdings (longs, shorts) in futures markets

CPI

Consumer Price Index, but see also PPI. BLS provides a comparison. See also this Shadowstats article

CRB

Commodities Research Bureau

CUSIP

Committee on Uniform Securities Identification Procedures - unique 9 character code identifying all financial instruments traded in the U.S.

DIP
"Debtor-in-possession" loan, made to a company entering bankruptcy to allow it to restructure and operate
DMM
Designated Market Maker

DOL

U.S. Department of Labor

ECB

European Central Bank

ECRI

Economic Cycle Research Institute, puts out good leading indicator data for the U.S. economy

ED

Eurodollar (often a futures contract on EUR/USD exchange rate such as EDZ10)

EFSF

European Financial Stability Fund

ELA
Emergency Liquidity Assistance to illiquid but solvent credit institutions by a European NCB (National Central Bank) with ECB approval

EMT

Efficient Market Theory - an asset's price reflects all available relevant information at the time

ENRON

Mostly used now in a derogatory comparison, referring to the ENRON Scandal

EPS

Earnings per share

ERP

Equity risk premium

ES

S&P 500 stock index (futures)

ESM
European Stability Mechanism (ESM)
ESF
Exchange Stabilization Fund (U.S.)

ETF

Exchange Traded Fund, an investment fund traded on stock exchanges, just like a stock, usually index-based

EU

European Union

EURCHF

Value of the Euro in terms of Swiss Francs

EW count

Elliot-wave count

FASB

Financial Accounting Standards Board (U.S.)

FB

Funding Bank created by the Irish Gov't in Sept. 2010 to which all deposits of Anglo Irish Bank will be transferred, see also "ARB"

FCIC

Financial Crisis Inquiry Commission (U.S.)

FDIC

Federal Deposit Insurance Corporation (U.S.)

FED

As in "the Fed", means the Federal Reserve

FHA

The Federal Housing Administration (U.S.)

FHFA
Federal Housing Finance Agency (U.S.), the regulator of Fannie Mae, Freddie Mac, and the dozen Federal Home Loan Banks
FICC (1)
Fixed Income Clearing Corporation
FICC (2)
Fixed Income, Currencies and Commodities, for example, here and here

FICO

A FICO score is a widely used credit score, the acronym for which comes from the originator, the Fair Isaac Corporation

FINRA

A U.S. Financial Industry Regulatory Authority (but not a Government Agency)

Fiscal Cliff
Refers to scheduled U.S. tax increases and spending cuts that could have negative economic effects -see the Wiki here

FOMC

Federal Open Market Committee (of the Federal Reserve)

FOREX

Foreign Exchange (currencies)

FRBNY

Federal Reserve Bank of New York

FRN

Floating Rate Note or "floater", a variable coupon bond

FX

Foreign Exchange

GAAP

Generally Accepted Accounting Principles

GAO

General Accounting Office, headed by the U.S. Comptroller General 

GCI

GCI Financial, a securities and commodities trading firm specializing in FOREX 

GDP

Gross domestic product

GETCO
Global Electronic Trading Company, a privately-held, electronic trading firm and market-maker

GFC

Global Financial Crisis (2007 - ?)

Gini

Gini scores or coefficients are a measure of the inequality of a distribution and are often used to describe inequality of income or wealth

GLD

GLD is the ticker symbol for a Gold ETF, an exchange-traded gold fund named SPDR Gold Trust

GS

Goldman Sachs

GSE

Government-sponsored enterprises

GTAA
Global Tactical Asset Allocation, also ETF: AdvisorShares Cambria Global Tactical ETF (NYSE: GTAA)

GULFO

A currency proposed by Arab states of the Persian Gulf to support a pan-Arab monetary union

HAMP
Home Affordable Modification Program (U.S.)

HFT

High-frequency trading (computerized, algorithmic trading, usually with sub-second holding times)

HUI

Symbol of the AMEX Gold BUGS Stock Index

HY

High yield, normally referring to bonds

ICI

Investment Company Institute - National association of U.S. Funds, ETF's, etc.

IG

Investment grade

IG

Investment grade, bonds usually

IMF

International Monetary Fund

IMHO

In my humble opinion (used in blogs and e-fora)

INBS

Irish Nationwide Building Society is an old Irish financial institution, now owned by the state

IOER
A term used by the Federal reserve (U.S.). It stands for interest rate on excess reserves.

IPO

Initial public offering (equities, stock offering)

ISDA
The International Swaps and Derivatives Association - a somewhat incestuous group - see here for example of the conflict

 ISM

Institute for Supply Management (referring to index, usually) - see http://www.ism.ws/about/

JGB

Japanese Government Bonds

JPM

JP Morgan - A global investment bank, financial services entity, etc.

LBMA

London Bullion Marketing Association

LCH
London Clearing House, now LCH.Clearnet

LEH

Ticker Symbol and short form for the now defunct Lehman Brothers, a global financial services firm, a casualty of the 2008 financial crisis

LIBOR

London Interbank Offered Rate see - http://www.investorwords.com/2797/LIBOR.html 

LSAP

Large-scale asset purchases (of the Federal Reserve)

LTCM

Long Term Capital Management - a major financial fiasco in late 1998 requiring FED intervention

LTRO

Longer-term Refinancing Operation (ECB)

LTV

Loan-to-value ratio (of a mortgage)

M1, M2, M3

Monetary aggregates, money supply - M1 is narrow, M3 much broader, includes savings accounts, etc.

MACD

Moving Average Convergence/Divergence, a technical analysis term  which looks at crossing moving averages

MBIA
MBIA is an insurer of municipal bonds, asset-backed securities and mortgage-backed securities. See: http://en.wikipedia.org/wiki/MBIA

MBS

Mortgage-backed securities - see the Wiki

MERS
Mortgage Electronic Registration Systems - an electronic registry of mortgage loan ownership (U.S.)

MIP

Mortgage Insurance Premium (up-front fee charged by FHA)

MLEC
Master Liquidity Enhancement Conduit - a way of bailing out financial institutions affected by the sub-prime mess - see here.

MLP

Master Limited Partnership

MOM

Month-on-month

MOPE
MOPE = management of perspective economics
MRO
Main Refinancing Operation (of the ECB) - provides liquidity to the banking system

MSM

Main-stream media

MTM
Mark-to-market, fair value accounting

NAMA

National Asset Management Agency - created by the Irish Gov't in 2009 to deal with the financial crisis - NAMA will function as a bad bank

NAFTA

North American Free Trade Agreement

NAV

Net asset value

NBER

The National Bureau of Economic Research (U.S.)

NFP

Non-farm Payrolls (U.S.) Report put out by U.S. Bureau of Labor Statistics

NOL
Net operating loss

NPL

Non-performing Loan

OAS

Option-adjusted spread, also sometimes: Organization of American States

OCC
U.S. Office of the Comptroller of the Currency, regulates, and supervises all national banks

OECD

Organization for Economic Cooperation and Development

OIS

Overnight Interest Rate Swap - see http://en.wikipedia.org/wiki/Overnight_indexed_swap

OMB
Office of Management and Budget (U.S.)
OMT
Outright Monetary Transactions (of the ECB) purchase of sovereign bonds conditional on fiscal adjustment programme

OMOs

Open market operations (of the Federal Reserve or other Central Bank)

OTC

Over-the-counter or off-exchange trading

PBOC

The People's Bank of China

PIIGS

Acronym for Portugal, Italy, Itreland, Greece and Spain, whose sovereign debt considered particularly risky (also see PIGS)

PIGS

Acronym for Portugal, Italy, Greece and Spain, whose sovereign debt considered particularly risky (also see PIIGS)

PIMCO

A leading global investment management firm

PM

Precious Metals

PMI

Purchasing Managers Index - see http://www.investopedia.com/terms/p/pmi.asp

PMM
Primary Market Maker
POMO
Permanent Open Market Operation of the Federal Reserve, refers to the purchase or sale of Treasury securities
POTUS
Presidents of the United States - see POTUS
PPI
Producer Price Index, often moves ahead of CPI

PROP Desk

Proprietary trading or PROP desk refers to a brokerage firm trading on its own account

PSI
In relation to the Greek 2012 bailout "Private Sector Initiative" whereby old private bonds are swapped for new bonds
PT
Price target

Q1,Q2,Q3,Q4

First quarter, second quarter (of year)

QE

Quantitative easing (modern euphemism for currency inflation, printing, creation)

RBA

The Reserve Bank of Australia

REDI
REDI FX, a Goldman Sachs FX trading platform. Also Goldman's REDIPlus Execution Management System

REIT

Real Estate Invesment Trust - a company, trust or other entity which earns its income chiefly by managing/owning real estate

REO

Real Estate Owned property that reverts to the bank after an unsuccessful foreclosure auction

REPO

Repurchase agreement - see http://en.wikipedia.org/wiki/Repurchase_agreement

RICO
The Racketeer Influenced and Corrupt Organizations Act (U.S.))

RMB

Chinese currency (Renminbi or sometimes referred to as Yuan)

RMU
Regional Monetary Unit, first proposed in 1997 by/for the East Asian ASEAN countries, modelled rougly on the EU currency unit
RRR
Reserve Requirement Ratio, a cash reserve requirement applied to banks by Central Banks or Banking Regulatory Authorities

S&L

Savings and Loans Institutions, also U.S. S&L crisis of the late 1980's requiring massive gov't bailout

SDR
Special Drawing Rights, foreign exchange reserve assets allocated to nations by the International Monetary Fund (IMF)

SEC

Securities and Exchange Commission (U.S.)

SHCOMP
Shanghai Stock Exchange Composite Index
SHIBOR
Shanghai Interbank Offered Rate - SHIBOR
SIGTARP The Office of the Special Inspector General for the Troubled Asset Relief Program (U.S.)
SIV
Structured Investment Vehicle, popular before the 2008 financial crash as a way of raising "off balance sheet" money.

SNB

Swiss National Bank

SocGen

Société Générale - a leading European Financial Services Company

SOMA

System Open Market Account (of the Federal reserve)

SPDR

SPDR Gold Trust is an exchange-traded gold fund with the ticker symbol GLD

SPE or SPV

Special Purpose Vehicle  (or Entity) - yet another dubious financial creation of ENRON fame

SWAP

A derivative where one type of asset, cash flow, investment, liability or payment is exchanged for another - see here for more info.

TARP

Troubled Assets Relief Program (U.S.) http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

TBTF

Too big to fail

TIC

Treasury International Capital, cross-border investment flow data by the U.S. Dept. of the Treasury

TIPS

Treasury Inflation-Protected Securities (U.S.)

TPC

Tax Policy Center (U.S.), a joint venture of the Urban Institute and Brookings Institution

TPTB

The powers that be ( a common expression)

UBS

Union Bank of Switzerland

USD

US Dollar

USDJPY

Value of the US Dollar in terms of Japanese Yen

UST

United States Treasury

VWAP

Volume-Weighted Average Price, the ratio of the value traded to total volume traded

WAG
Washington Agreement on Gold (also known as CBGA, Central Bank Gold Agreement

WGC

World Gold Council, an industry association of the world's leading gold mining companies

WSJ

The Wall Street Journal

XAU

ISO Code for Gold (one ounce) or the Philadelphia Gold and Silver Stock Index

YOY

Year-on-year

YTD

Year-to-date

ZIRP

Zero interest rate policy