FINANCIAL GLOSSARY - ACRONYMS








Nous vous proposons ci-après des acronymes de la finance rédigé par nos soins.
Il vous suffit de cliquer sur un terme pour accéder à sa définition.
[Pour une utilisation correcte de ce glossaire, veuillez consulter ces "notes"]

puce EASD

[European Association of Securities Dealers]
An association of securities houses, investment banks, venture capital firms, professional advisors and others formed in 1994 to promote the development of securities markets in Europe for growth companies.
The creation of the EASDAQ stock market was one of its first initiatives.
It has over 140 member orgnisations.
Headquartered in Brussels.

puce EASDAQ

[European Association of Securities Dealers Automated Quotation]
was established by EASD is a pan-European stock market for growth and technology companies.
Modelled on NASDAQ in the US, EASDAQ is screen-based (it does not have a trading floor) and quote driven.
The platform was acquired in 2001 by NASDAQ.

puce EBIT

[Earnings Before Interest and Taxes]
Earnings before interest and taxes - A financial measurement often used in valuing a company.

puce EBITDA

[Earnings Before Interest, Taxes, Depreciation and Amortization]
Earnings before interest, taxes, depreciation and amortization.
An approximate measure of a company's operating cash flow based on data from the company's income statement.
Calculated by looking at earnings before the deduction of interest expenses, taxes, depreciation, and amortization.
This earnings measure is of particular interest in cases where companies have large amounts of fixed assets which are subject to heavy depreciation charges (such as manufacturing companies) or in the case where a company has a large amount of acquired intangible assets on its books and is thus subject to large amortization charges (such as a company that has purchased a brand or a company that has recently made a large acquisition).
Since the distortionary accounting and financing effects on company earnings do not factor into EBITDA, it is a good way of comparing companies within and across industries.

puce EDGAR (USA)

[Electronic Data Gathering, Analysis, and Retrieval]
The SEC's computerized system required to be used by subtantially all public companies to file required reports, such as quarterly and annual reports with the SEC.

puce ERISA

[Employee Retirement Income Security Act ]
The Act of 1974 which regulates retirement and employee benefit plans in the USA.

puce ESOP

[Employee Stock Ownership Plan]
A plan established by a company for the allocation of some of its stock to its employees over time.
Its purpose is to motivate employees but it can also provide tax benefits to the company.

puce ESPP

[Employee Stock Purchase Plan]
A plan under which key employees are given the right to purchase shares of the company at a future date on favourable terms.
Under the USA Internal Revenue Code, if a plan meets certain requirements, employees can purchase stock at 85% of market price without any tax consequence.
Rules in other countries may differ.

puce ESRA

[Employee Stock Repurchase Agreement]
An arrangement in which a corporation sells stock to its employees but reserves the right to repurchase it under certain conditions.

puce EVCA

[European Private Equity and Venture Capital Association]
An association formed to promote and facilitate European private equity and venture capital.
It has over 500 member organisations from across Europe and North America.





 

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