CFA® glossary
902 terms from the CFA curriculum, each defined in a sentence or two. Pick a letter, or start with the terms that come up most.
Terms that come up most
- Liquidity
- Correlation
- Present value
- Rebalancing
- Required return
- Variance
- Beta
- Diversification
- Discount rate
- Standard deviation
- Active risk
- Risk-free rate
- Fair value
- Arbitrage
- Free cash flow
- Price-to-earnings ratio
- Working capital
- Convexity
- Forward rate
- Mandate
- Covenant
- Return on equity
- Value at risk
- Exchange-traded fund
- Risk tolerance
- Spot rate
- Terminal value
- Ebitda
- Esg
- Free cash flow to equity
- Momentum
- Transaction costs
- Appraisal
- Capital structure
- Compounding
- Credit spread
- Callable bond
- Covariance
- Credit default swap
- Fat tails
See these terms in context: every learning outcome has a plain-English note, formulas and practice questions.
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