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500+ Business English Acronyms From A - Z

Business English Acronyms

Business English Acronyms are important at work if you want to be professional, Let us see what is in here.


What is an acronym?

 

An acronym is a word or name formed from the initial components of a longer name or phrase. 

Acronyms are usually formed from the initial letters of words, as in NATO (North Atlantic Treaty Organization) and EU (European Union), but sometimes use syllables, as in Benelux (short for Belgium, the Netherlands, and Luxembourg). 

They can also be a mixture, as in radar (RAdio Detection And Ranging).

Below is a list of over 500 of the more common business acronyms you may hear. Every field has its own special ones, but these are terms that are common to most areas of business.


Business English acronyms begin with the letter "A"

 

1. AAIA = Associate of the Association of International Accountants

2. ABECOR = Associated Banks of Europe Corporation

3. ABS = i. Asset-Based Securities ii. Automated Bond System

4. ACV = Actual Cash Value

5. ADB = Adjusted Debit Balance

6. ADP = Alternative Delivery Procedure

7. ADR = American Depository Receipt

8. ADRS = Asset Depreciation Range System

9. ADS = American Depositary Share

10. AFC = Average Fixed Costs

11. AFOF = Authorised futures and Options Funds

12. AGI = Adjusted Gross Income

13. AGL = Acceptable Quality Level

14. AGM = Annual General Meeting (of shareholders)

15. ALCO = Asset-Liability Committee

16. AMT = Alternative Minimum Tax

17. АР = Accounting Period

18. APY = Annual Percentage Yield

19. APYE = Annual Percentage Yield Earned

20. ARPS = Adjustable Rate Preferred Stock

21. ARRO = Adjustable Rate Refunding Operation

22. ASFR = Age Specific Fertility Rate

23. ATM = Automatic (automated) Teller Machine

24. ATP = Arbitrage Trading Program

25. AVCO = i. Average cost ii. Average cost method

 

Business English acronyms begin with the letter "B"

 

26. BAN = Bond Anticipation Note

27. ВВ = Bail Bond

28. BCWP = Budgeted Cost of Work

29. BDI = Bank Deposit Interest

30. BES = Bureau of Employment Security

31. BET = Book Entry Transfer

32. BIC = Bank Investment Contract

33. BOD = Board of Directors

34. BOLO = Borrower's Option Lender's Option

35. ВОР = Balance of Payments

36. ВОТ = i. Balance of Trade ii. Board of Trustees

37. BPS = Balance Per (bank) Statement


Business English acronyms begin with the letter "C"

 

38. С2С = Consumer-to-Consumer (transactions)

39. CAD = Cash-Against-Documents

40. САО = Chief Accounting Officer

41. САРЕХ = Capital Expenditure

42. CAPS = Convertible Adjustable Preferred Stocks

43. CARDs = Certificates for Amortizing Revolving Debts

44. СВА = Capital Builder Account

45. СВР = Cash Book Payments Side

46. CBR = Cash Book Receipts Side

47. CBS = Consolidated Balance Sheet

48. CCA = Contract Change Authorization

49. CCD = Cash Concentration & Disbursement

50. CCUs = Capital Currency Units

51. CEI = Cost Effectiveness Index

52. CFF = Cooperative Financing Facility

53. CGS = Cost of Goods Sold

54. CGT = Capital Gains Tax

55. CIA = Cash In Advance

56. CIF = Corporation Income Fund

57. CP = Capital Program

58. CL = Current Liabilities

59. СМА = Cash Management Account

60. CMBL = Commercial Bill of Lading

61. СМО = Collateralized Mortgage Obligation

62. CMV = Current Market Value

63. СОВ = Close of Business

64. COD = Cash on Delivery

65. CODA = Cash on Deferred Arrangement

66. C.O.G. = Customer Owned Goods

67. COLTS = Continuously Offered Long Term Securities

68. COS = Cash on Shipment

69. C. P. = Commercial Paper

70. CPCU = Chartered Property and Casualty Underwriter

71. CPFF = Cost Plus Fixed Fee

72. CPI = Consumer Price Index

73. СРРС = Cost Plus a Percentage of Cost

74. CQS = Consolidate Quotation System

75. CRA = Composite Reserve Assets

76. CRDS = Cash Receipts and Disbursement Statement

77. CRRF = Capital Redemption Reserve Fund

78. CRU = Composite Reserve Unit

79. CS = Common Stock

80. CSBS = Conference of State Bank Supervisors (US)

81. CSI = Council of the Securities Industry

82. CSR = customer service representative

83. CSRC = Cost Sharing Reimbursement Contract

84. СТ, GCT = (Gross) Corporation Tax

85. СТА = Commodity Trading Advisor

86. СТР = Corporate Trade Payment

87. CTR = Currency Transaction Report

88. СTT = Capital Transfer Tax

89. СТХ = corporate trade Exchange

90. CUSIP = Committee on Uniform Securities Identification Procedures

91. C/V = Convertible Security

 

Business English acronyms begin with the letter "D"

 

92. D/A = Deposit Account

93. DAC = Delivery against Cost

94. DARTS = Dutch Auction-Rate Transferable Securities

95. DATES = Daily Adjustable Tax Exempt Securities

96. DC = Deep Discount (issue)

97. DCE = Domestic Credit Expansion

98. DD = ii. Delayed Delivery ii. Demand Draft iii. Direct Debit iv. Double D (Rating of bonds

for which payments are past due)

99. D-D Day = Drop Dead Day

100. DDB = Double Declining Balance Depreciation Method

101. DDD = Triple D (Rating of bonds for which payments have been suspended)

102. DDP = Delivered Duty Paid

103. DDU = Delivered Duty Unpaid

104. DES = Data Encryption Standard

105. DI = Disposable Income

106. DIE = Designated Investment Exchange

107. DIPS = Dollar Interest Payment Securities

108. DJIA = Dow Jones Industrial Average

109. DMUC = Decision Making Under Certainty

110. DMUR = Decision Making Under Risk

111. DMUU = Decision Making Under Uncertainty

112. DN = Debit Note

113. DNR = Do Not Reduce

114. DPI = Disposable Personal Income

115. DRIP = Dividend Reinvestment Plan

116. DR = Debit Record

 
 

Business English acronyms begin with the letter "E"

 

117. EAR = Effective Annual Rate (of interest)

118. EAT = Earnings after Taxes

119. ЕВ = Early Bargains

120. EBIT = Earnings before Interest and Tax

121. EBITDA = Earnings before Interest, Taxes, Depreciation and Amortization

122. ЕСА = Export Credit Agency

123. ECHO = Exchange Clearing House

124. EDSP = Exchange Delivery Settlement Price

125. ЕЕА = Exchange Equalization Account

126. EFL = External Financing Limit

127. EGM = Extraordinary General Meeting (of shareholders)

128. EIB = European Investment Bank

129. EMU = European Monetary Union

130.ЕМV = Expected Monetary Value

131. EOE = European Options Exchange

132. EPD = Excess Profits Duty

133. EPR = Earnings Price Ratio

134. EPS = Earnings Per Share

135. ЕРТ = Excess Profits Tax

136. EPU = i. European Payments Union ii. European payment unit

137. ERA = Exchange Rate Agreement

138. ESCB = European System of Central Banks

139. ESF = Exchange Stabilization Fund

140. ESOP = Employee Stock Ownership Plan

141. ESOPS = Employee Share Option Schemes

142. ESP = Exchange Stock Portfolio

143. ЕTО = Exchange Traded Options

144. ETR = Estimated Total Return

145. EVCA = European Venture Capital Association

146. EXTRA = Exporter Tender Risk Avoidance

 

Business English acronyms begin with the letter "F"

 

147. FA = Finance Act

148. F&A = Finance and Accounting

148. FАС = Financial Affairs Commission

149. FACT = Factor Analysis Chart Technique

150. FAIR = Fair Access to Insurance Requirements

151. FAME = Forecasts and Appraisals for Management Evaluation

152. FAO = For the Account Only

153. FASB = Financial Accounting Standards Board

154. FASCONS = Fixed Term Agreements of Short-Term call Options on Netherlands Securities

155. FAST = Flexible Auxiliary Security Transfer

156. FAT = Fixed Asset Transfer

157. FCE = Foreign Currency Exchange

158. FCFS = First Come First Served

159. FCI = Finance Corporation for Industry

160. FCIA = Foreign Credit Insurance Association

161. FCS = Financial Control System

162. FCU = Federal Credit Union

163. FCUA = Federal Credit Union Administration

164. FD = Finance Department

165. FDIC = Federal Deposit Insurance Corporation

166. FEI = Financial Executives Institute

167. FESE = Far Eastern Stock Exchange

168. FFB = Federal Financing Bank

169. FFC = Foreign Funds Control

170. FFI = Finance for Industry

171. FFIEC = Federal Financial Institutions Examination Council

172. FFPC = Firm-Fixed-Price Contract

173. FGIC = Financial Guarantee Insurance Corporation

174. FGT = Federal Gift Tax

175. FHA = Finance Houses Association

176. FHFB = Federal Housing Finance Board

177. FIA = Federal Insurance Administration

178. FIB = Fellow of the Institute of Bankers

179. FIBOR = Frankfurt Interbank Offered Rate

180. FICB = Federal Intermediate Credit Bank

181. FICO = Financing Corporation

182. FIFO = First In, First Out

183. FIGS = Futures Income & Growth Security

184. FII = Franked Investment Income

185. FINEX = Financial instruments Exchange

186. FIPS = Foreign Interest Payment Securities

187. FIRA = Foreign Investment Review Agency

188. FIRREA = Financial Institutions Reform, Recovery and Enforcement Act

189. FIT = Federal Income Tax

190. FITW = Federal Income Tax Withholding

191. FLA = Finance and Leasing Association

192. FMOC = Federal Open Market Committee

193. FMRR = financial management rate of return

194. FMS = Financial Management Service

195. FMV = Fair Market Value

196. FOA = Foreign Operations Administration

197. FOAR = Fixed Overhead Absorption Rate

198. FOC = Free of Charge

199. FOCUS = Financial and Operational Combined Uniform Single Report

200. Forex = Foreign Exchange

201. F.O.T. = Free of Tax

202. FOX = Forward with Optional Exit

203. FP = Fixed Price

204. FPCE = Fixed Price Contract with Escalation

205. FPCR = Fixed Price Contract with Redetermination

206. FPIF = Fixed Price Incentive Fee

207. FPRP = Fixed Price Re-determinable Prospective

208. FRA = Forward Rate Agreement

209. FRABBA = Forward Rate Agreement British Bankers' Association Terms

210. FRB = Federal Reserve Bank

211. FRCD = Floating Rate Certificate of Deposit

212. FROLIC = Floating Rate Optional Level installment credit

213. FRS = Financial Reporting Standards

214. FSE = Federation of Stock Exchanges

215. FTA =. Financial Times Actuaries All Share-Index

216. FTI = Federal Tax Included

217. FTO = Financial Tunes Industrial Ordinary Shares Index

218. FVO = For Valuation Only

219. FXA = Foreign Exchange Agreement

220. FY = Financial Year

 

Business English acronyms begin with the letter "G"

 

221. GAB = General Agreement to Borrow

222. GAI = Guaranteed Annual Income

223. GAINS = Growth and Income Securities

224. GAO = General Accounting Office

225. GCT = Gross Corporation Tax

226. GDP = Gross Domestic Product

227. GDR = Global Depository Receipts

228. GEMMA = Gilt-Edged Market-Makers Association

229. GFCF = Gross Fixed Capita Formation

230. GIC = Guaranteed Income Contract

231. GIT = Guaranteed Income Investment Contract

232. GM = Gross Margin

233. GMC = Guaranteed Mortgage Certificate

234. GNI = Gross National Income

235. GNP = Gross National Product

236. GO = General Obligation

237. GOP = Gross Operating Profit

238. GP = Gross Profit

239. GRI = General Retirement Income

240. GRIP = Guaranteed Recovery of Investment Principle

241. GRIT = Grantor Retained Income Trust

242. GS = Government Stocks

243. GSP = generalized saddle point

244. GTM = Good This Month

245. GTW = Good This Week

 

Business english acronyms begin with the letter "H"

 

246. HICA = High Interest Checking Account

247. НОВ = Home Banking

248. HOMES = Home Owner Mortgage Euro Securities

249. HOTs = Heads of Terms

 
 

Business english acronyms begin with the letter "I"

 

250. IAFP = International Association for Financial Planning

251. IAN = Interest Arrears Notes

252. IAOECH = International Association of Options Exchanges and Clearing Houses

253. IARFP = International Association of Registered Financial Planners

254. IBA = Investment Bankers Association

255. IBOP = International Balance of Payments

256. ICC = Income Capital Certificate

257. ICI = Investable Commodity Index

258. ICON = Index Currency Option Note

259. ICS = Investors Compensation Scheme

260. ID = income duty

261. IDR = International Depository Receipt

262. I&E А/С = Income and Expenditure Account

263. IFA = Independent Financial Adviser

264. IFIs = International Financial Institutions

265. IFPS = Integrated Financial Planning System

266. IIF = Institute of International Finance

267. IL/C = Irrevocable Letter of Credit

268. IMF = International Monetary Fund

269. IMI = International Market Index

270. IMRO = Investment Managers Regulation Organization

271. INCOTERMS = International Commercial Terms

272. INSTINET = Institutional Networks Corporation

273. INTEX = International Futures Exchange

274. IO = Interest Only

275. IOSCO = International Organization of Securities Commissions

276. IP = Installment Paid

277. IPC deposits = Deposits of Individuals, Partnerships and Corporations

278. IPD = Interest, Profits, Dividends

279. IPMA = International Primary Market Association

280. IPO = Initial Public Offering

281. IR = Inflation Rate

282. IRG = Interest Rate Guarantee

283. IRR = Internal Rate of Return

284. I/S = Income Statement

285. ISMA = International Securities Market Association

286. ISO = Incentive Stock Option

287. IT = Income Tax

288. ITC = Investment Tax Credit

289. ITM = In The Money (options)

 

Business English acronyms begin with the letter "J"

 

290. JA = Joint Account

291. JAJO = January, April, July, October

292. JMI = Joint Market Initiative

293. JSB = Joint Stock Bank

294. JSC = Joint Stock Company

295. JSDA = Japanese Securities Dealers Association

296. JTWROS = Joint Tenancy with Right of Survivorship

297. JV = Joint Venture

 

Business English acronyms begin with the letter "K"

 

298. KD = Knocked Down

 

Business English acronyms begin with the letter "L"

 

325. LSK = Local Safekeeping

326. LTD = Long Term Debt

327. LTV = Loan to Value Ratio

328. LYON = Liquid Yield Option Note

 

Business english acronyms begin with the letter "M"

 

329. MA = Moving Average

330. М&А = Mergers and Acquisitions

331. MAC = Message Authentication Code

332. MAPS = Market Auction Preferred Stock

333. MARS = Marketing Analysis Research System

334. МВО = Management Buy Out

335. MBSs = Mortgage Backed Securities

336. МС = Marginal Costs

337. MCATs = Municipal Certificates of Accrual on Tax Exempt Securities

338. МСТ = Mainstream Corporation Tax

339. MEC = Marginal Efficiency of Capital

340. MI = Minority Interest

341. MINI = Mortgage Intermediary Note Issue

342. MIP = Monthly Investment Plan

343. MIPS = Maximum Investment Plans

344. MIRAS = mortgage interest relief at source

345. MIT = Market If Touched (order)

346. MITC = Mortgage Investment Tax Credit

347. МКТ = Market Order

348. MLP = Master Limited Partnership

349. MLR = Minimum Lending Rate

350. ММ = Money Market

351. MMDA = Money Market Deposit Account

352. MMF = Money Market Fund

353. MMP = Money Market Preferred Stock

354. MNC = multinational corporation

355. MOB = Municipals Over Bonds

356. MOF = Multi Option Facility

357. МРЕ = Most Probable Estimate

358. MR = Medium Range

359. MTFS = Medium Term Financial Strategy

360. MTTN = Multi Tranche Tap Note

361. MV = Market Value

362. MWCA = Monetary Working Capital Adjustment

363. MYRA = Multiyear Rescheduling Agreement

 

Business english acronyms begin with the letter "N"

 

364. NASDAQ = National Association of Securities Dealers Automated Quotations

365. NAV = Net Asset Value

366. NBV = Net Book Value

367. NCI = New Capital Issue

368. NCV = No Commercial Value

369. NI = national income

370. NIC = Net Interest Cost

371. NIEO = New International Economic Order

372. NEGS = Net Export of Goods and Services

373. NGNP = Nominal Gross National Product

374. NIM = Net Interest Margin

375. NIT = Negative Income Tax

376. NNI = Net National Income

377. NNP = Net National Product

378. NOI = Net Operating Income

379. NOL = net operating loss

380. NPV = Net Present Value

381. NSF = Non-Sufficient Funds

 

Business english acronyms begin with the letter "O"

 

382. ОА = On Account

383. OAR = overall rate of return

384. OBU = Off Shore Banking Unit

385. ОСА = Outstanding Claims Advance

386. ОСО = One Cancels the Other Order

387. ОЕС = Open End Contract

388. OEIC = Open Ended Investment Company

389. OFS = Office of Financial Services

390. O/H = Overhead

391. OIE = Overseas Investment Exchange

392. OLTP = On-Line Transactions Processing

393. OPOSSMS = Options to Purchase or Sell Specific Mortgage-backed Securities

394. OPRA = Options Price Reporting Authority

395. Ord = Ordinary Share

396. ОТМ = Out of The Money (options)

397. ОТО = One Time Only

398. OW = Offer Wanted

 
 

Business english acronyms begin with the letter "P"

 

399. РА = Personal Allowance

400. РАВ = Price Adjustment Board

401. РАС = Planned Amortization Class

402. PAL = Passive Activity Loss

403. РАМ = Pledged Account Mortgage

404. PAN = Primary Account Number

405. PAT = Profit After Tax

406. PAYE = Pay As You Earn

407. РВ = Pass Book

408. PBR = Price to Book-value Ratio

409. PC = Paid Cash

410. РСТСТ = Profits Chargeable to Corporation Tax

411. PD = Post Dated

412. PDI = Past Due Interest

413.Р/Е, РЕ = price/Earnings ratio

414. PEP = Personal Equity Plan

415. PERL = Principal Exchange Rate Linked Security

416. PF = Public Funds

417. PFI = Private Finance Initiative

418. Р&I = Principal and Interest Payment

419. PIBS = Permanent Interest Bearing Shares

420. PIN = Personal Identification Number

421. PINCS = Property Income Certificates

422. PIP = Performance Indexed Paper

423. PITI = Principal, Interest, Taxes, Insurance

424. PL = Profit and Loss

425. PLAM = Price Level Adjustment Mortgage

426. PLC = Public Liability Company

427. PMI = Private Mortgage Insurance

428. PML = Probable Maximum Loss

429. РММ = Purchase Money Mortgage

430. РОА = Power of Attorney

431. POD = Proof Of Deposit

432. POP = Proof of Purchase

433. РР = Payback Period

434. PPS = Prior Preferred Stock

435. РRC = Private Company

436. PV = Par value

437. PSBR = Public Sector Borrowing Requirement

438. PSR = Profit Sharing Ratio (for partnerships)

439. Р. Т. = Preferential Tariff

440. PU = Public Utilities

441. РYВ = Prior/Preceding Year Base

 

Business English acronyms begin with the letter "Q"

 

442. QT = Questioned Trade

443. Q tip, QTIP = Qualified Terminable Interest Property trust

 

Business English acronyms begin with the letter "R"

 

444. R/A = Refer to Acceptor

445. RAFT = Revolving Acceptance Facility by Tender

446. RAN = Revenue Anticipation Note

447. RCF = Revolving Credit Facility

448. RCH = recognized clearing house

449. RE = Rate of Exchange

450. RECO = Replacement Cost

451. REER = Real Effective Exchange Rate

452. REIT = Real Estate Investment Trust

453. REPO = Repurchase Agreement

454. RFP = Registered Financial Planner

455. RFQ = Request for Quotation

456. RI = Residual Income

460. RIE = Recognized Investment Exchange

461. RMD = Ready Money Down

462. ROA = Received On Account

463. ROC = Return On Capital

464. ROE = Return On Equity

465. ROI = Return On Investment

466. ROL = Reduction Option Loan

467. ROMV = Return On Market Value

468. ROS = Return On Sales

469. ROSC = Return On Shareholder’s Capital (ratio)

470. RP = Retail Price

471. RPFI = Receiving Depository Financial Institution

472. RRM = Renegotiable Rate Mortgage

473. RUF = Revolving Underwriting Facility

 

Business english acronyms begin with the letter "S"

 

474. SAA= Special Arbitrage Account

475. SAB = Special Assessment Bond

476. SAM = Served Available Market

477. SAPCO = Single Asset Property Companies

478. SAYE = Save As You Earn

479. SB = Savings Bank

480. SBIA = Small Business Investment Act

481. SBIC = Small Business Investment Company

482. SC = Share Capital

483. SCF = Simple Cost Function

484. SCOUT = Shared Currency Option Under Tender

485. SCR = Small Company Rate (of corporate tax)

486. SD = Sight Draft

487. SE = Stock Exchange

488. SEAQ = Stock Exchange Automated Quotation

489. SEDOL = Stock Exchange Daily Official List

490. SEM = Shared Equity Mortgage

491. SEMB = Stock Exchange Money Brokers

492. SF = Sinking Fund

493. SHEX = Saturdays, Sundays, Holidays Excluded

494. SMP = Special Multiple Policy

495. SN = Securities Number

496. SO = Seller's Option

497. SOES = Small Order Entry (execution) System

498. SOFA = Society of Financial Advisers

499. SOFFEX = Swiss Options and Financial Futures Exchange

500. SOP = Stock Ownership Plan

501. SP = Selling Price

502. STARS = Short Term Auction Rate Stock

503. STF = Stock Transfer Form

504. SWIFT = Society for Worldwide Interbank Financial Telecommunications

505. SWOT = Strengths, Weaknesses, Opportunities, Threats

 
 

Business English acronyms begin with the letter "T"

 

506. ТА = Trade Acceptance

506. TAB = Tax Anticipation Bill

507. ТАС = Targeted Amortization Class (bonds)

508. TALCL = Total Assets Less Current Liabilities

509. TALISMAN = Transfer Accounting, Lodgment for Investor, Stock Management for Jobbers

510. TAURUS = Transfer and Automated Registration of Uncertificated Stock

511. ТВ = Treasury Bill

512. TD = Time Deposit

513. TFO = Total Fixed Outlay

514. TI = Total Income

515. TIC = True Interest Cost

516. TIN = Taxpayer Identification Number

517. TIP = To Insure Promptness

518. TL = time loan

519. TLF = Transferable Loan Facility

520. TSA = Term Share Accounts

521. TSB = Trustee Savings Bank

522. ТТ = Testamentary Trust

523. ТТС = Tender To Contact

524. TVA = Tax on Value Added

525. TVC = Total Variable Costs

 

Business english acronyms begin with the letter "U"

 

526. UCM = Unlimited Corporate Member

527. UCPDC = Uniform Customs and Practices for Documentary Credits

528. UIТ = Unit Investment Trust

529. ULSs = Unsecured Loan Stocks

530. UMR = uniformly minimum risk

531. UPS = United Parcel Service

532. URP = Unrealized Profit

 

Business english acronyms begin with the letter "V"

 

533. VAT = Value Added Tax

534. VC = Venture Capital

535. VCR = Variable Coupon Renewable (note)

536. VELDASUE = Venture Enhancement & Loan Development Administration for Smaller Undercapitalized Enterprises

537. VFCRP = Voluntary Foreign Credit Restraint Program

538. VRM = Variable Rate Mortgage

 

Business english acronyms begin with the letter "W"

 

539. WAC = Weighted Average Cost

540. WAM = Weighted Average Maturity

541. WAR = With All Risks

542. WC = Without Charge

543. WD = When Distributed

544. WDA = Writing Down Allowance

545. WDV = Written Down Value

546. WEBS = World Equity Benchmark Shares

547. WEF = With Effect From

548. WINGS = Warrants Into Negotiable Government Securities

549. W/M = Without Margin

 

Business english acronyms begin with the letter "X"

 

550. ХСН = Ex-Change

551. XCL = Excess Current Liabilities

552. X-Dis = Ex-Distribution

553. X. Pr. = Without Privileges

554. XR = ex-Rights

 

Business english acronyms begin with the letter "Y"

 

555. Y/A = Year of Assessment

556. YTAL = Yield to Average Life

557. YTB = Yield to Broker

558. YTC = Yield-to-Call

559. YTD = Year-to-Date

560. YTM = Yield-to-Maturity

 

Business english acronyms begin with the letter "Z"

 

561. ZBB = Zero-Based Budgeting

562. ZEBRAS = Zero-coupon Euro-sterling Bearer or Registered Accruing Securities

563. ZEG = Zero Economic Growth

564. ZR = Zero Coupon Bonds (issue)


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