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Aggregation
Process in corporate financial planning whereby the smaller investment proposals of each of the firms
operational units are aggregated and effectively treated as a whole.
Aggressively
Used in context of general equities. For a customer it means working to buy or sell ones stock, with an
emphasis on execution over price. For a trader it means acting in a way that puts the firms capital at higher
risk through paying a higher price, selling cheaper, or making a larger short sale or purchase than the trader
would under normal circumstances.
Aging schedule
A table of accounts receivable broken down into age categories (such as 0-30 days, 30-60 days, and 60-90
days), which is used to determine if customer payments are keeping close to schedule.
Ahead of itself
Used in context of general equities. Refers to equities that are overbought or oversold on a fundamental
basis.
Ahead of you
Used for listed equity securities. At the same price but entered ahead of your order/interest, usually referring
to the specialists book. See: behind, matched orders, priority, stock ahead.
AIBD
Association of International Bond Dealers
AIMR Performance Presentation Standards Implementation Committee
The Association for Investment Management and Research (AIMRs) Performance Presentation Standards
Implementation Committee is charged with the responsibility to interpret, revise and update the AIMR
Performance Presentation Standards (AIMR-PPS(TM) for portfolio performance presentations.
All equity rate
The discount rate that reflects only the business risks of a project, distinct from the effects of financing.
All-in cost
Total costs, explicit and implicit.
All or none order (AON)
Used in context of general equities. A limited price order which is to be executed in its entirety or not at all
(no partial transaction), and thus is testing the strength/conviction of the counterparty. Unlike an F.O.K.
order, an A.O.N. order is not to be treated as cancelled if not executed as soon as it is represented in the
trading crowd, but instead remains alive until executed or cancelled. The making of all or none bids or offers
in stocks is prohibited and the making of all or none bids or offers in bonds is subject to the restrictions of
Rule 61. A.O.N. orders are not shown on the specialists book because they can not be traded in pieces.
Antithesis of any-part-of order. See: F.O.K. order.
All-or-none underwriting
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