Test Your Financial Services Knowledge with this Simple Quiz
Think you know finance? Here’s a little test for you :
All of the acronyms listed below are commonly used in the financial services industry - I haven’t included any that are proprietary to the institution where I work.
I’ll post the “solutions” tomorrow. No cheating via search engine, and good luck!
ACH
ADD
ADEA
AD&D
ALCO
AMEX
ARM
ASA
AUM
CBT
CCT
CFP
CIP
CMBS
CODA
COLA
COLI
CPA
CPC
CRM
CYC
DB
DC
DOB
DOE
DOL
DOT
DTI
DYE
EA
EFT
ERISA
ESOP
ESOT
ESPP
ETF
ETI
EWC
FASB
FDIC
FHLM(C)
FIFO
FLMI
FMLA
FSA
FUTA
FYE
GATT
GLB(A)
GWO
HCE
HDHP
HELOC
HSA
IDA
IE
IEM
IPO
IRA
IRC
IRS
J&S
KSOP
LIBOR
LOB
LOC
LOMA
LTD
MP
MVA
NAIC
NASD
NAV
NFP
NQ
NRA
NSF
NYSE
OASDI
OBRA
ODP
OTC
OTS
POP
PV
RCB
REA
REIT
RESA
RFI
RFP
RIA
RM
ROR
RPA
S & P
SAFO
SDOB
SEC
SIMPLE
SME
SSN
STD
TDA
TPA
YTM
Stumble it!
April 7th, 2008 at 7:35 pm
Without a search engine, I was hosed. I wrote down whatever those letters meant to me and I still probably only came up with something for a quarter of them.
ADD - Attention Deficit Disorder
AMEX - American Express
ARM - Advanced RISC Machine
CFP - Certified Financial Planner
CODA - A distributed filesystem
COLA - A bumper cleaner
CPC - Cost Per Click
DB - Database
DC - Washington
DOB - Date of Birth
DOT - Department of Transportation
EA - Electronic Arts
EFT - Electronic Funds Transfer
ESPP - Employee Stock Purchase Plan
ETF - Exchange Traded Funds
FDIC - The thing that insures my money up to $100K (Federal Dedicated Insurance Company?)
FHLM - Federal Home Loan Midgets?
FIFO - First In First Out
IE - Internet Explorer
IPO - Initial Public Offering
IRA - Independent Retirement Account
IRC - Internet Relay Chat
IRS - Internal Revenue Service
LTD - Abbreviation for Limited
MP - Multi-Processor
NRA - National Rifle Assocation
NSF - National Science Foundation
NYSE - NY Stock Exchange
POP - Email Protocol
REIT - Real Estate Investment Trust
RM - Real Media
ROR - Ruby on Rails
S & P - Standard and Poor’s
SEC - South Eastern (Athletic) Conference
SIMPLE - Shoe Company
SSN - Social Security Number
STD - Eww
April 7th, 2008 at 9:12 pm
ACH - Automatic Clearing House
ADD
ADEA
AD&D - Accidental Death & Dismemberment
ALCO
AMEX - American Exchange
ARM - Adj. Rate Mortgage
ASA
AUM - Assets Under Management
CBT -
CCT
CFP - Cert. Financial Planner
CIP
CMBS
CODA - Cash or Deferral Arrangement
COLA - Cost of Living Adj.
COLI
CPA - Cert. Public Accountant
CPC
CRM - Client Relationship Manager
CYC - Current Yield to Call
DB - Defined Benefit
DC - Defined Contribution
DOB - Date of Birth
DOE - Dept of Education, Depending on Exp.
DOL - Dept of Labor
DOT - Dept. of Trans.
DTI
DYE -
EA - Enrolled Agent
EFT - Electric Funds Trans.
ERISA - Employee Retirement Income Sec. Act
ESOP - Employee Stock Ownership Plan
ESOT - Employee Stock Option Trust
ESPP - Employee Stock Purchase Plan
ETF - Exchange Traded Fund
ETI
EWC
FASB - Federal Accounting Standards Board
FDIC - Federal Depository Insurance Corp.
FHLM(C) - Freddie Mac - Federal Home Loan Mortgage Comp.
FIFO - First In, First Out
FLMI
FMLA
FSA - Flexible Spending Account
FUTA - Federal Unemployment Tax A?
FYE - Fiscal Year End
GATT - Generalized Accounting TT?
GLB(A)
GWO -
HCE - Highly Compensated Employee
HDHP -High Deductible Health Plan
HELOC - Home Equity Line of Credit
HSA - Health Savings Account
IDA - immediate Def. Annuity
IE
IEM
IPO - Initial Public Offering
IRA - Individual Retirement Account
IRC - Internal Revenue Code
IRS - Internal Revenue Service
J&S
KSOP
LIBOR - London Interbank Overnight Rate
LOB
LOC
LOMA
LTD
MP
MVA - Market Value Adjustment
NAIC - Nat Assoc. Isurance Commissioners
NASD - National Association Securities Dealers
NAV - Net Asset Value
NFP
NQ - Non-Qualified
NRA
NSF - Non-Sufficient Funds
NYSE - NY Stock Exchange
OASDI - Old Age Survivorship Disability Income
OBRA
ODP
OTC - Over the Counter
OTS
POP -Public Offering Price
PV - Present Value
RCB
REA
REIT - Real Estate Investment Trust
RESA
RFI
RFP - Registered Financial Principal
RIA - Registered Investment Advisor
RM
ROR - Return on ?
RPA
S & P - Standard & Poors
SAFO
SDOB
SEC - Securities & Exchange Commission
SIMPLE - Savings and Incentive Matching Program L?
SME
SSN - Social Security Number
STD
TDA
TPA - Third Party Administrator
YTM - Yield to Maturity
April 7th, 2008 at 11:50 pm
A late night try for total recall:
ACH - Automated Clearing House
ADD
ADEA
AD&D Accidental Death and Dismemberment
ALCO Asset/Liability Committee
AMEX American Stock Exchange
ARM Adjusted Rate Mortgage
ASA
AUM
CBT Chicago Board of Trade
CCT
CFP Certified Financial Planner
CIP
CMBS
CODA
COLA Cost of Living Adjustment
COLI
CPA Certified Public Accountant
CPC
CRM
CYC
DB Declining Balance
DC
DOB Date of Birth
DOE Department of Energy
DOL Department of Labor
DOT Department of Transportation
DTI
DYE
EA
EFT Electronic Fund Transfer
ERISA Employees’ Retirement and Income Security Act
ESOP Eployees Stock Ownership Plan
ESOT
ESPP
ETF Electronic Funds Transfer
ETI
EWC
FASB Financial Accounting and Standards Board
FDIC Federal Deposit Insurance Corporation
FHLM(C) Federal Home Loan Mortgage Committee
FIFO First in First Out
FLMI
FMLA Family Medical Leave Act
FSA
FUTA Federal Unemployment Tax Act
FYE Fical Year End
GATT
GLB(A)
GWO
HCE
HDHP
HELOC Home Equity Line of Credit
HSA
IDA
IE
IEM
IPO Initial Public Offering
IRA Individual Retirement Act/Account/Arrangement
IRC
IRS Internal Revenue Service
J&S
KSOP
LIBOR London Interbank Offering Rate
LOB
LOC Line of Credit
LOMA
LTD
MP
MVA
NAIC National Association of Insurance Commisssioners
NASD National Association of Securities Dealers
NAV Net Asset Value
NFP
NQ Non Qualified (used with stock options or other benefits)
NRA
NSF Non Sufficient Funds
NYSE New York Stock Exchange
OASDI
OBRA
ODP
OTC Over the Counter
OTS Office of Thrift Supervision
POP Point of Purchase
PV Present Value
RCB
REA Rural Electrical Association
REIT Real Estate Investment Trust
RESA Real Estate Security Act
RFI
RFP Request for Proposal
RIA
RM
ROR Rate of Return
RPA
S & P Standard and Poor’s
SAFO
SDOB
SEC Securities Exchange Commission
SIMPLE Another IRA plan.
SME
SSN Social Security Number
STD
TDA
TPA
YTM Yield to Maturity
Not perfect, but fun.
Thanks!
April 8th, 2008 at 1:25 am
I forgot!
LOC - Lines of Code
An easy one, dangit.
April 8th, 2008 at 10:31 am
ACH - oo. A half-sneeze.
ADD - what bankers need to know how to do.
ADEA - A smart thought. As in “Hey, y’all, I got a great adea!”
AD&D - Advanced Dungeons and Dragons, obviously.
ALCO - Someone with part of a drinking problem.
AMEX - Poorly planned finances: “Our budget is a amex!”
ARM - That thing bankers take off your body if they need collateral.
AUM - the chant you keep saying to avoid the stress of a loan request.
CBT - What Dr. Evil says to his banker when he talks too much - “Cbt! Cbt!”
CODA - This is the musical conclusion of the “song and dance” portion of a home equity sales presentation.
COLA - the thing with rum in it that you need when you get your first property tax statement.
CPC - The drug of choice for dyslexics.
DOE - what one says when one gets too far into debt.: “Doe!”
DOT - the little tiny mark in a number that banks are very adept at moving in their favor.
EA - Sports. It’s in the game.
ERISA - How to get away with Italian embezzlement - Erisa tha’ account logs!
ESOP - A famous greek banker who told a lot of fables.
ETF - Et tu, Frodo?
FIFO - fum. I smell the blood of an Englishman.
FMLA - Sister Sledge says that banks are FMLA. They got all their dollars from me.
GATT - what you will go to federal prison for robbing a bank with.
HELOC - Opter-less aircraft.
IDA - A banker’s first defense: “Ida toldya about the foreclosure earlier, but then I wouldn’t a got your farm!”
IE - A common sound made by people as they run screaming from their latest meeting with a financial rep.
IRA - A Irish terrorist organization.
LTD - The last great car produced by Ford, and incidentally, the last car I paid cash in full for.
SEC - The amount of time you’ll request when the bank asks for that one half-sheet buried in a stack of forms that you’ve signed for a mortgage.
SIMPLE - What this test was. Or else, what this test taker is.
April 9th, 2008 at 2:53 pm
I like Dan’s answers!
Here are my guesses:
ACH - Automated Clearing House
AMEX - American Express
ARM - Adjustable Rate Mortgage
AUM - Assets Under Managment
CBT - Capital Bank and Trust
CFP - Certified Financial Planner
CIP - Certified Investment Planner
CPA - Certified Public Accountant
DB - Debit
DOB - Date of Birth
DOT - Dept of Transportation
EFT - Electronic Funds Tranfser
ERISA - Employee Retirement …
ESOP - Employee Stock Option Plan
ESPP - Employee Stock Purchase Plan
ETF - Exchange Traded Fund
FDIC - Federal …
FIFO - First in First Out
FMLA - Federal Mortgage Loan Association
HELOC - Home Equity Line of Credit
HSA - Health Savings Account
IPO - Initial Public Offering
IRA - Individual Retirement Account
IRS - Internal Revenue Service
LTD - Limited
NAV - Net Asset Value
NSF - Non-sufficient funds (I hate when this one happens to our clients!)
NYSE - New York Stock Exchange
OTC -Over the Counter
POP - Public Offering Price
REIT - Real Estate Investment Trust
RFI - Refinance
ROR - Rate of Return
S & P - Standard and Poor’s
SIMPLE - I know what this is and I really should know what the abbreviation stands for!
SSN - Social Security Number
YTM - Yield to Maturity
Fun
April 15th, 2008 at 11:05 pm
Wow a nice one….i didnt know most of the terms but now i know them.