The Series exams are a group of exams run by the Financial Industry Regulatory Authority (FINRA). Different exams are required / desirable for different financial roles, i.e:Series 55 - Equity Tr...
In investment banking and private equity, sensitivity tables are used to assess the likely impact of changes in specific variables on the outcome of a merger, LBO or other corporate act...
The Senior Vice President (also known as Executive Director) role is a mixture of management and client sourcing. The more successful the SVP is at sourcing clients and deals, the more likely it is he...
A senior tranche is the highest tranche of a security, i.e. the one deemed least risky. Any losses on the value of the security are only experienced in the senior tranche once all other tranches have ...
The phrase 'sell-side' refers to companies that are in the business of selling others, rather than buying them. Investment banks are part of the sell-side as one of their primary roles is to advise ot...
Sales, General & Administrative (SG&A) Costs are those operating costs associated with the sale of goods (not dependent on output like COGS though). This can include things such as:Leases...
The Security Market Line, or SML, is a line on a chart derived from the Markowitz Portfolio Theory. The Security Market Line is a graphical representation of the Capital Asset Pricing Model ...
A security is a financial instrument representing ownership, the right to ownership or debt owed. Some examples of security are:StockBondDerivativeSwapIt can be traded and valued due to what it repres...
Securitization is a financial innovation that allows debt to be pooled together and for anyone to buy a claim on a portion of that debt.Securitization allows individual mortgages to be pooled to...
The SEC (also known as Securities and Exchange Commission) is a body set up by the US Congress with the purpose of regulating the security and takeover market. The SEC is needed for the protection of ...