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Byrd Scholarship Financial Glossary

What is it? A federally sponsored, merit-based scholarship for outstanding high school students.

Finance Term Definition Added By: Katie

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Other Similar Finance Terms:

Financial Term equity security is Any security representing an ownership interest in the issuing entity. This includes common, preferred, or other capital stock. It also includes mutual funds and contractual rights to acquire or dispose of ownership interests at fixed or determinable prices such as warrants, rights, call options, and put options. Does not include convertible debt.

Financial Term DG is See Director(ate) General

Financial Term Liquidation Value is The amount that could be realized if an asset were sold independently of the going concern.

Financial Term Simplified Employee Pension PlanSEP is Pension plan in which both the employer and the employee contribute to an individual retirement account (IRA).

Financial Term duration MVPE is The measured interest rate sensitivity of bank equity calculated with the use of duration methodology. The modified duration of equity. This name is used to distinguish between MVPE rate sensitivity calculated using duration methodology and the more common VAR calculation using economic value simulation methodology.