Annual report The annual publication that public companies are obliged to provide to their shareholders describing their business operations and financial situation
Arbitrage The practice of taking advantage of the difference in prices of the same asset across different markets – buying in the low-price market and instantly selling in the high-price market
Asset-backed security A bond for which the coupon is provided by repayments on other assets (such as mortgages and other loans) held by the issuing financial institution
Balance sheet A snapshot of a company’s financial position, detailing everything it owns and everything it owes – a measure of its financial health
Base rate The rate at which the central banks lend short-term to ...