Common Acronyms at FWF

Announcements from the Management and assistance with forum software. New to FWF? Please consider introducing yourself
brucecohen
Veteran Contributor
Veteran Contributor
Posts: 13310
Joined: 20 Feb 2005 16:47

Post by brucecohen »

Investment funds and investment counsellors must arrange for a separate party to physically hold the assets they manage on behalf of clients. This is normally done by trust companies, either independent or owned by the big banks. Custody fees are their charge for providing this service. You won't see the charge if you have a normal brokerage account, but would see it if you're high net worth have a "separately managed account."
lystgl
Veteran Contributor
Veteran Contributor
Posts: 1642
Joined: 06 Apr 2006 17:44
Location: Alberta

Post by lystgl »

2007 brought us a few more including:
CDO
ABCP
SIV
User avatar
Operabob
Contributor
Contributor
Posts: 382
Joined: 29 Jun 2005 11:37

Post by Operabob »

One more for DRIPpers:

COD Effect - Clerk O'the Day

Occasionally processing of DRIP administrivia runs into the COD Effect where depending on the office personnel different persons do the same things differently. E.G. Royal Bank signature guarantees.

One person can send in 10 share certificates with the same guarantee. Eight are processed and two others are mailed back with notice the wrong signature guarantee was used.

OB
qbayman
Contributor
Contributor
Posts: 107
Joined: 09 Mar 2008 23:24
Location: Qualicum BC

Post by qbayman »

I recognize that a "10%er" is in the wealthy elite and a "90%er" is a wannabe wealthy. What I do not understand is the derivation of the expressions.

Thank you in advance.
Everything has been thought of before, but the difficulty is to think of it again. Goethe
User avatar
Nemo2
Veteran Contributor
Veteran Contributor
Posts: 9670
Joined: 02 Jan 2006 14:27
Location: Belleville

Post by Nemo2 »

qbayman wrote:I recognize that a "10%er" is in the wealthy elite and a "90%er" is a wannabe wealthy. What I do not understand is the derivation of the expressions.
Dare I say that the lineup begins on the right? :wink:
Exit, pursued by a bear.
William Shakespeare, Stage direction in "The Winter's Tale"
queerasmoi
Veteran Contributor
Veteran Contributor
Posts: 3385
Joined: 27 May 2008 16:25

Post by queerasmoi »

I know that a "forex vig" has something to do with the buy/sell spread on exchanging currencies, but where does "vig" come from? Is it an abbreviation?
User avatar
Bylo Selhi
Veteran Contributor
Veteran Contributor
Posts: 29493
Joined: 16 Feb 2005 10:36
Location: Waterloo, ON
Contact:

Post by Bylo Selhi »

queerasmoi wrote:where does "vig" come from? Is it an abbreviation?
Vigorish "is Yiddish slang originating from the Russian word for 'winnings,' vyigrysh."
Sedulously eschew obfuscatory hyperverbosity and prolixity.
queerasmoi
Veteran Contributor
Veteran Contributor
Posts: 3385
Joined: 27 May 2008 16:25

Post by queerasmoi »

Bylo Selhi wrote:
queerasmoi wrote:where does "vig" come from? Is it an abbreviation?
Vigorish is Yiddish slang originating from the Russian word for 'winnings,' vyigrysh."
Haha I love it. I'm Jewish so I'm sure I'll be using this one in the future.

For all the stereotypes out there, what I do know is that many Jews were historically asked to handle money by Christians and Muslims due to religious beliefs, and simultaneously barred from many other professions. Then it repeated in North America when a whole generation of educated Jews were barred from conventional jobs, and started their own (successful) businesses. So if we're good at money, it's cause we had no other choice ;)
pitz
Veteran Contributor
Veteran Contributor
Posts: 2878
Joined: 27 Oct 2005 18:41
Location: Canada/Costa Rica

Post by pitz »

SSF = Single Stock Future
WishingWealth
Veteran Contributor
Veteran Contributor
Posts: 6701
Joined: 27 Feb 2005 10:53

Post by WishingWealth »

InternetSlang:

Acronyms acronyms more and more of them - and if yours is not in there, just submit it.

http://www.internetslang.com/

WW (Like learning a new language)
User avatar
CROCKD
Veteran Contributor
Veteran Contributor
Posts: 3343
Joined: 15 Aug 2008 16:59
Location: GTA

Re: Common Acronyms at FWF

Post by CROCKD »

What is a GMWB?
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover
User avatar
Bylo Selhi
Veteran Contributor
Veteran Contributor
Posts: 29493
Joined: 16 Feb 2005 10:36
Location: Waterloo, ON
Contact:

Re: Common Acronyms at FWF

Post by Bylo Selhi »

Sedulously eschew obfuscatory hyperverbosity and prolixity.
User avatar
CROCKD
Veteran Contributor
Veteran Contributor
Posts: 3343
Joined: 15 Aug 2008 16:59
Location: GTA

Re: Common Acronyms at FWF

Post by CROCKD »

Thank you Bylo
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover
User avatar
kcowan
Veteran Contributor
Veteran Contributor
Posts: 16033
Joined: 18 Apr 2006 20:33
Location: Pacific latitude 20/49

Re: Common Acronyms at FWF

Post by kcowan »

Thanks Bylo - that is a much better response than just defining the term.
For the fun of it...Keith
User avatar
big easy
Veteran Contributor
Veteran Contributor
Posts: 1737
Joined: 27 Jul 2006 11:57
Location: Vancouver BC

Re: Common Acronyms at FWF

Post by big easy »

Courtesy of Nemo2's link:

http://acronyms.thefreedictionary.com/ISTM

ISTM = It seems to me

This one always stumped me for some reason.
"Everybody has a plan until they get punched in the face." Mike Tyson
User avatar
Peculiar_Investor
Administrator
Administrator
Posts: 13267
Joined: 01 Mar 2005 14:52
Location: Calgary
Contact:

Re: Common Acronyms at FWF

Post by Peculiar_Investor »

While not exactly acronyms, FWF member Quebec has taken the initiative to create Équivalents en français - finiki, the Canadian financial wiki. :thumbsup:
Imagefiniki, the Canadian financial wiki New editors wanted and welcomed, please help collaborate and improve the wiki.

Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Post Reply