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The Book of Jargon®European Capital Markets and Bank Finance

An interactive glossary of acronyms, slang, and industry terminology.

The Book of Jargon® – European Capital Markets and Bank Finance is one in a series of practice area and industry-specific glossaries published by Latham & Watkins.

The definitions provide an introduction to each term and may raise complex issues on which specific legal advice is required. The terms are also subject to change as applicable laws and customary practice evolve. As a general matter, this glossary was drafted from a European practice perspective.

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The information contained herein is not legal advice and should not be construed as such.

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Contingent Convertibles - CoCos,“D” Loan,‘Adl,‘Amil,‘Aqar,‘Arbun/Urboon/Arboon,‘Ayn,“A” Loan,“B” Loan,“C” Loan,10b-5 Opinion / Letter,10b-5 Rep / Rule 10b-5 Representation,135 Day Rule,144A for Life Offering,2.7,21 Day Rule,AAOIFI,ABL,ABS,Absolute Priority Rule,Accelerated Bookbuild Offering,Acceleration,Accordion Feature,Accordo di Ristrutturazione,Account,Accredited Investor,Accreted Value,Accrued Interest,Acquisition Facility,Acquisition Proceeds Prepayment,Acting in Concert,Adjusted EBITDA,Administrador Concursal,Administration,Administrator,Admission and Disclosure Standards,ADR,Affiliate,Affiliate Transactions Covenant,Agency Fee,Agent,Agreed Security Principles,Agreement among Initial Purchasers / Managers / Underwriters,AIM,AJD,Al-Baik,All In Cost,Allocation/Allotment,Alternative Dispute Resolution,Alternative Transactions Language,Amanah,Ameen/Amin,Amend and Pretend,American Depositsry Receipt,AML,Amortisation,Amortisation Schedule,Amortising Loan,Ancillary Facility,Angel Investor,Anti-Layering Covenant,Anti-Money Laundering,Apostille,Applicable Margin,Arbitrage,Arrangement Fee,Arrangement Letter,Arranger,ARS,Asset Sale Covenant,Asset Sale Prepayment,Asset Stripping,Asset-Backed Security,Asset-Based Loan,Assignment,Assignment and Assumption,At Par,Auction-Rate Security,Auditor Arrangement Letter,Authentication,Authorised Person,Automatic Stay,Availability,Availability Period,Available Amounts Basket,Average Life,Back to Back Financing,Backstop,Bai’/Bay’,Balance Sheet,Balloon Payment,Bank Book,Bank Guarantee,Bank Meeting,Bank-Bridge Structure,Banking Monopoly,Bank-Only Deal,Bankruptcy,Bankruptcy Code,Base Case Model,Base Currency,Base Prospectus,Basel I,Basel II,Basel III,Basis Point,Basket,BBA,Bear Market,Bearer Bond,Belgian Dentist,Beneficial Owner,Best Efforts Syndication,Bible,Bid/Offer or Bid/Ask Spread,Bidco,Big Boy Letter,Bilateral Facility,Bill of Exchange,Bill of Lading,Binding Tax Ruling,Blacklist,Blackout Period,Blocked Account,Bloomberg Screen,Blue Book,Blue Sky Laws,Board Observer Rights,Boilerplate,Bondholder,Bondholders Committee/Assemblée des Obligataires,Bonds,Book,Book Entry,Book Value,Bookbuilding,Bookrunner,Borrower,Borrowing Base,Borrowing Base Loan,Bought Deal,Box,bps,Break Costs / Break Funding,Breakup Fee,Bridge Facility,Bridge Loans,Bringdown Comfort Letter,British Bankers’ Association,Broker-Dealers,Build-Up Basket,Bull Market,Bullet Maturity,Business MAC,Business Plan,Buy Back,Call Option,Call Premium,Call Protection,Call Spread Overlay,CAM,Canadian Wrapper,Cancellation,Cap,Cap Table,Capex,Capex Facility,Capital Adequacy,Capital Duty,Capital Expenditure,Capital Markets,Capital Structure,Capitalise,Capitalised Lease,Capped Call,Carried Interest / Carry,Carry Back,Carry Forward,Carveout,Cash Confirmation,Cash Equivalent,Cash Flow Cover,Cash Flow Revolver,Cash Flow Statement,Cash Overfunding,Cash Sweep,CBO,CDO,CDS,Centre of Main Interests,Certain Funds,Certificate of Incorporation,Certificate of Title,Certificated,Cessation des Paiements,CFC,Change of Control,Change of Control Covenant,Change of Control Prepayment,Change of Control Put,Chapter 11,Charge,Chargee,Chargor,Cherry Picking,Chinese Wall,CIM,Circle-Up,City Code,Class,Class Voting,Clawback,Clean-Down,Clean-Up Period,Clear,Clear Market Provision,Clearing System,Clearstream,CLO,Close Out,Closed Flex,Closed-End(ed) Fund,Closing,Closing Condition,Closing Date,Closing Fee,Closing Memorandum,Closing Set,Club Deal,CMBS,CNMV,Co-Comm,Co-Lead Manager,Collar,Collateral,Collateral Adjustment Mechanism,Collateralised Bond Obligation,Collateralised Debt Obligation,Collateralised Fund Obligation,Collateralised Loan Obligation,Co-Manager,Comfort Letter,COMI,COMI Shift,Commercial Letter of Credit,Commercial Paper,Commissario,Commitment Fee,Commitment Letter,Commitment Papers,Commodity,Common Code,Common Depositary,Common Stock,Companies House,Company MAC,Company Voluntary Arrangement,Comparable Treasury,Completion,Compliance Certificate,Concert Party,Conciliation Proceedings,Concordato Fallimentare,Concordato Preventivo,Concurso Culpable,Conditions Precedent,Conditions Subsequent,Confi,Confidential Information Memorandum,Confidentiality Agreement,Confidentiality Provisions,Confirmation,Conflicting Interest Provisions,Conformed Copy,Consent Solicitation,Consolidated,Consolidating,Contingent Conversion,Contingent Interest,Contract for Differences,Contractual Subordination,Convenio Anticipado,Conversion Fee,Conversion Premium,Conversion Price,Conversion Rate,Conversion Value,Convertible Bond,Convertible Preferred Equity Certificate,Coordinating Committee,Coordinator,Corporate Benefit,Cost of Funds,Counterparts,Countersign Deadline Date,Coupon,Covenant,Covenant Defeasance,Covenant Lite,Covenant Loose,Coverage Covenant,Covered Bonds,Covered Call,CP Satisfaction Letter,CPEC,CPs,Cram,Cramdown,Credit Bid,Credit Crunch,Credit Default Swap,Credit Enhancement,Credit Rating,Credit Risk,Creditors Committee,Creditors Voluntary Liquidation,CREST,CREST Shareholder,Cross Acceleration,Cross Default,Cross Receipt,Cross-Stream,Crystallisation,Cum,Curatore Fallimentare,Cure Period,Currency Swap,CUSIP,Custodian,Custody Agreements,CVA,CVL,Dain,DAM,Daman,Dataroom,Date Certain / Data Certa,Day 21,Day 60,Day Count Convention,Daylight Facility,Deal-Away Fee / Deal-Away Protection,Debenture,Debt Adjustment Mechanism,Debt Capacity,Debt for Equity,Debt Prepayment,Debt Pushdown,Debt Sweep,Debt Test,Declared Default,Deed,Deed Poll,Deemed Cure,Deemed Dividend,Default,Default Interest,Defaulting Lender,Defeasance,Definitive Bond,Delayed Draw Term Facility,Delivery Versus Payment,Demand Registration Rights,Demand Rights,Dematerialised,Demerger,Depreciation,Description of Notes,Desequilibrio Patrimonial,Dharar,Diminishing Musharaka,Ding the Basket,Disclaimer,Disclosure Guidance and Transparency Rules,Disclosure Letter,Discount Notes,Disenfranchisement,Disproportionate Impact Language,Disqualified Stock,Distressed Debt,Distressed Debt Fund,Dividend Blocker Covenant,Dividend Stopper Covenant,Documentation Agent,Double Dip,Double Luxco Structure,Double Taxation Treaty,Downstream,Drag Along Rights,Drawdown,Drawstop,Drop Dead Date,Drop Hands,DTC,Dual Currency Bond,Due Date,Due Diligence,Due Diligence Condition,Due Diligence Defence,Dutch Auction,DVP,E Plus,Early Bird Fee,Earn-out,EBIT,EBITDA,EBITDAR,ECB,ECF,EDGAR,EEA,EEA Legend,Effective Subordination,EIB,EMTN,Engagement Letter,Equal and Rateable,Equitable Subordination,Equity Claw,Equity Commitment Letter,Equity Contribution,Equity Cure,Equity Kicker,Equity Prepayment,Equity Sweep,Equity Linked,ERISA,Escrow,Esperto,eToys,EU,EU Insolvency Regulation,EURIBID,EURIBOR,EURIBOR Floor,Euro,Euro MTF,Eurobond,Euroclear,Euronext,European Central Bank,European Commission,European Economic Area,European Investment Bank,European Union,Event of Default,Evergreen,Ex,Excess Cash Flow,Excess Cash Flow Sweep,Exchange Note Term Sheet,Exchange Notes,Exchange Offer,Exchange Regulated Market,Exchangeable Notes,Expertised Parts,Extend and Pretend,Extraordinary Administration,Face Value,Facility A,Facility A Loans,Facility Agent,Facility Agent Fee,Facility Agreement,Facility B,Facility B Loans,Facility C,Facility C Loans,Facility Change,Facility D,Facility D Loans,Facility Office,Fairness Opinion,Fallen Angel,Fallimento,Faqih,Fatwa,Fee Credit,Fee Credit Letter,Fee Letter,Fee Rebate,Final,Final Terms,Finance Subsidiary,Financial Assistance,Financial Buyer,Financial Covenants,Financial Statements,Financing Out,FINRA,Fiqh,Firm Commitment Underwriting,First Lien,First Lien Facilities,Fiscal Agency Agreement,Fiscal Agent,Fiscal Unity,Fitch Ratings,Fixed Assets,Fixed Charge Coverage Ratio,Fixed Charges,Fixed Income Security,Fixed Rate,Flex,Float,Floating Charge,Floating Rate,Floating Rate Note,Flotation,Follow-On Offering,Football Field,Footsie,Forbearance,Forbearance Agreement,Force Majeure,Foreign Private Issuers,Forward,Forward Start Facility,Fraudulent Transfer,Free Float,Free Writing Prospectus,French Blacklist,FRN,Front Running,Fronting Bank,FSFM,FSMA,FTSE 100,Fulcrum Creditors,Full Disclosure Rep,Funded Sub-Participation,Funding Fee,Funds Flow Memorandum,Fungible,Future,FWP,GAAP,GDR,Gearing,GEM,General Basket,General Corporate Purposes,Gharar,Gharim,Gilt-Edged Securities / Gilts,Global Depository Receipts,Global Note,Going-Concern Prognosis,Going-Concern Value,Grace Period,Green Shoe,Grey Market,Grid Based Pricing,Gross Physical Settlement,Gross-Up,Group Relief,Guarantee,Guarantee Limitation Language,Guarantor Coverage Test,Guarantor,Gun Jumping,Hadith,Haircut,Hair-Trigger,Halal,Half a Turn,Haram,Hard Call,Hard Mulligan,Hardening Period,Hawalah,Headroom,Heads of Terms,Hecho Relevante,Hedge,Hedge Counterparties,Hedging Strategy Letter,Hibba,Hidden Contribution in Kind / Verdeckte Sacheinlage,Hidden Distribution / Verdeckte Ausschüttung,High Yield,High Yield Bonds,Highly Confident Letter,Hold,Holdco,Holdco Debt,Holdco Flex,Holdco Guarantor,Holding Company,Hurdle Rate,Hybrid Security,IAASB,IASB,IBLOR,ICMA,IDB,IFAC,IFRS,Ijab,Ijara,Ijmaa,Impaired Agent,Imposta Sostitutiva / Substitute Tax,In the Money,Incidente Concursal,Income Statement,Inconsistent Information Out,Increased Costs Clause,Incremental Facility,Incurrence Covenants,Indebtedness Covenant,Indenture,Independent Contractor Provisions,Independent Director,Información Privilegiada,Information Memorandum,Initial Public Offering,Initial Purchasers,Insolvency,Insolvency Plan,Institutional Investor,Institutional Term Loan,Instructing Group,Insurance Proceeds Prepayment,Integration,Intercreditor Agreement,Interest / Interest Rate,Interest Coverage Ratio,Interest Payment Date,Interest Period,Interest Rate Swap,Interim Facility,Interim Facility Agreement,Interim Facility Letter,Interim Loan Agreement,International Accounting Standards Board,International Auditing and Assurance Standards Board,International Capital Markets Association,International Federation of Accountants,International Standards on Auditing,International Standards on Review Engagements,International Swaps and Derivatives Association,Investment Company,Investment Grade,Investment Grade Bonds,IPO,IPO Clawback,ISA,ISDA,ISDA Master Agreement,ISDA Schedule,ISE,ISIN,ISRE,ISRE 2400,ISRE 2410,Issue Price,Issuer,Issuing Bank,Istisn’a,Itemised Flex,I-Traxx,I-Traxx Europe,JLM,Joint and Several Liability,Joint Lead Managers,Judgment Currency,Jumbo,Junior Debt,Junk Bond,Kafalah,Kafil,Keep Well Agreement,Keyman Policy,Kick-Off Meeting,KYC,L Plus,L/C,LBO Fund,Lead Arranger,Lead Left,Lead Manager,League Tables,Leakage,Left-Side Arranger,Legal Defeasance,Legal Reservations,Lender Liability,Lenders,Lending Office,Letter of Credit,Level of Comfort,Leverage Ratio,Leveraged Buyout,Leveraged Buyout Firm,Lev-X,LIBID,LIBOR,Lien,Lien Subordination,Liens Covenant,Limitation Language,Limitation on Restrictions on Payment of Subsidiary Dividends Covenant,Limited Recourse Financing,Liquidation Proceedings / Liquidation Judiciaire,Liquidity,Listado Clasificación de Créditos,Listed Company,Listing Rules,LMA,Loan Market Association,Loan Participation Note,Loan To Own,Lock-Up,Lock-Up Agreements/Letters,London Stock Exchange,Long,LoR,LPN,LTM,Luxco,Luxembourg Stock Exchange,M&A,MAC,MAD,MAE,MAE Qualifier,Main Market,Maintenance Covenant,Maisir,Majority Lenders,Make-Whole,Management Buy-In,Management Buy-Out,Manager,Mandataire Ad Hoc Proceedings,Mandate Letter,Mandated Lead Arranger,Mandatory Cost,Mandatory Offer to Purchase,Mandatory Prepayments,Margin,Margin Call,Margin Loan,Margin Ratchet,Margining,Market Abuse Directive,Market Disruption Clause,Market Flex,Market MAC,Marketing Period,Marzano Law,Material Adverse Change,Material Adverse Effect,Material Company / Material Subsidiary,Maturity/Maturity Date,Maximum Leverage Ratio Condition,MBI,MBO,MD&A,Members Voluntary Liquidation,Mercury,Merger Covenant,Mezz,Mezzanine Facility,Mezzanine Financing,Mezzanine Loans,MFA,MFN Pricing,MIFID,Mini Perm,Minimum EBITDA Condition,Minimum Hold,Minimum Marketing Period,MLA,Model Code,Money Market,Monte Carlo Simulation,Moody’s,Moratorium,Mortgage,Mortgage Loan / Mutuo Fondiario,Most Favoured Nation Pricing,MTF,MTN Programme,MTNs,Mudaraba,Mudarib,Mufti,Mulligan Clause,Multilateral Trading Facility,Murabaha,Musawamah,Musharaka,MVL,Naked Short,Nasdaq,NC,NDA,Negative Assurance,Negative Assurance Letter,Negative Covenant,Negative Pledge,Negotiable Instrument,Net Debt,Net Share Settlement,Netting,NIF,Nil Cost Option,Nil Premium Merger,No Fiduciary Duty Provisions,No New Info,No New Information Out,Nominated Adviser,Non-Call,Non-Call Period,Non-Disclosure Agreement,Non-Distributable Reserves,Non-Investment Grade,Notarisation,Note Purchase Agreement,Notes,Novation,NYSE,Obligor,Obligors’ Agent,Observation Period / Période d’Observation,OC,OEIC,Off Balance Sheet Arrangements,Offering Circular,Offering Memorandum,Official List,Offshore Market,OID,OM,One-on-One,Opco,Open Flex,Open Kimono,Open-Ended Investment Company,Operating Company,Operating Expense,Operating Subsidiary,Opinion Letter,Option,Optional Currency,Optional Prepayment,Optional Redemption,Ordinary Shares,Original Issue Discount,Orphan Company,OTC,Out of the Money,Outs,Over-Allotment Option,Over-Collateralisation,Over-Indebtedness,Over-the-Counter,P&L Statement,P2P,Pacte Commissoire,Par/Par Value,Parallel Debt,Pari Passu,Pari Passu Bonds,Parity Trigger,Participación Significativa,Participating Member State,Passport Rights,Passporting,Patriot Act Requirements,Pay If You Can,Pay If You Want,Paying Agency Agreement,Pay-In-Kind,Payment Blockage Provision,PD,PD-Compliant,PEC,Perfect/Perfection,Periodic Reports,Permanent Securities,Permitted Debt,Perpetual Bonds,Physical Settlement,Piano Attestato di Risanamento,Piggy Back Registration Rights,PIK,PIK Debt,PIK Loans,PIK Notes,PIK Toggle,PIK Toggle Notes,Pinching the Straw,PIPE,PIYC,PIYW,Place on Demand,Placement Agent,Placement Fee,Plain English Rules,Plain Vanilla,Plan A / Plan B,Pledgor,Poison Pill,Portfolio Company,Positive Covenant,Potential Event of Default,Power of Attorney,PPM,Precedent,Pre-Closing,Pre-emption Rights,Preference,Preference Period,Preference Shares,Preferential Claims,Preferred Equity Certificate,Preliminary Insolvency Proceedings,Preliminary Prospectus / Offering Circular / Offering Memorandum,Premium Listing,Prenda Catalana,Pre-pack,Prepayment Fee,Prepayment Premium,Prescription Period,Press Announcement,Price Talk,Pricing,Pricing Flex,Pricing Grid,Pricing Supplement,Pricing Term Sheet,Primary Offering,Principal Paying Agent,Printers,Priority,Private Lender,Private Offering,Private Placement,Private Placement Memorandum,Private Treaty Sale,Privilège de Conciliation,Privilegio Speciale,Pro Forma,Proceeds Loan,Process Agent,Process Letter,Prodi Law,Professional Securities Market,Profit and Loss Statement,Project Finance,Property Company / Propco,Prospectus,Prospectus Directive,Prospectus Rules,Prospectus Supplement,PSM,Public Auction,Public Float,Public Lender,Public/Private Information Undertaking,Publicity Guidelines,Purchase Accounting,Purchase Agreement,Pushdown,Push-Down Accounting,Put Bond,Put Bond Holiday,Put Option,Put Right,QIB,QP,Qualified Institutional Buyer,Qualified Purchaser,Qualifying Lender,Quiet Period,Quotation Day,Rahn,Ranking,Ratchet,Rating Agencies,Ratings Condition,Ratings-Based Flex,Ratio Debt,Ratio Test,RCF,Receipt,Receivership,Recognised Investment Exchange,Record Date,Red,Red Herring,Redemption Price,Reference Banks,Refinanciación Protegida,Refinancing,Refinancing Fee,Refreshing the Shoe / Reloading,Reg Rights,Reg S,Reg S Only,Registered Bonds,Registrar,Registration Rights,Registration Statement,Regulated Market,Regulation D / Reg D,Regulation FD,Regulation G,Regulation S,Regulation S-K,Regulation S-X,Reinvestment Right,Release Clause,Reliance Letter,Reorganisation Proceedings / Redressement Judiciaire,Rep,Repeating Representations,Repo,Report on Title,Report Proceeds Letter,Reporting Company,Reporting Requirements,Representation and Warranty,Representation Regarding Accuracy of Disclosed Information,Repricing Amendment,Required Lenders,Requisite Lenders,Research Guidelines,Reservation of Rights Letter,Reservations,Restricted Junior Payment / Restricted Payment,Restricted Payments Covenant,Restricted Securities,Restricted Subsidiary,Restructuring Loan / Sanierungskredit,Restructuring Opinion / Sanierungsgutachten,Restructuring Privilege / Sanierungsprivileg,Retained Cash,Retained Cash Flow,Reverse Breakup Fee,Reverse Flex,Revolver,Revolving Facility,Revolving Loans,Riba,Right,Right of First Refusal,Right Placement,Right to Match,Rights Issue,Ring-Fencing,Risk Factors,Risk Sub-Participation,RMBS,Roadshow,Rollover Equity,Rollover Fee,Rollover Loans,Roundtripping,Rub ul-maal,Rule 10b-5,Rule 10b-5 Opinion / Letter,Rule 10b-5 Representation,Rule 14e-1/20-Day Rule,Rule 144,Rule 144A,Rule 144A Offering,Rule 159,S&P,Safeguard Proceedings,Salam,Sale and Leaseback,Sale and Purchase Agreement,Sales Force Presentation,Same Day Funds,Sarbanes-Oxley,SAS 100,SAS 72,Satisfaction and Discharge,Sauvegarde,Scheme of Arrangement,Screen Rate,SDLT,SDRT,SEC,Second Lien,Second Lien Facility,Second Lien Loans,Secondary Buyout,Secondary Offering,SEC-Registered Offering,Section 35 LME Merger Proceeding,Section 4(a)(2),Secured Debt,Secured Lenders,Secured Leverage Ratio,Secured Parties / Secured Creditors,Securities Demand,Securities Demand Holiday,Securitisation,Security,Security Agent,Security Agreement,Security Interest,Security Trustee,SEDAR,Selecteds,Selective Disclosure,Selling, General and Administrative Expense,Senior Debt,Senior Facilities Agreement,Senior Headroom,Senior Notes,Senior Secured Facilities,Senior Subordinated Notes,Set-Off,Settle,Several Liability,SFA,SG&A,Share Premium Account,Shari’ah,Shelf Company,Shelf Registration,Shelf Registration Statement,Shelf Takedown,Shoe,Short,Sight Draft,Skim,Snooze-you-lose,Soft Call,Soft Mulligan,Sovereign Wealth Fund,SOX,SPA,SPAC,SPE,Special Purpose Acquisition Company,Special Purpose Entity / Special Purpose Vehicle,Specified Representations Language / Specified Reps,Spin-Off,Sponsor,Spot Market,Spread,SPV,Squeeze-Out,Stabilisation,Stale / Staleness,Stamp Duty,Stamp Duty Land Tax,Stamp Duty Reserve Tax,Standard & Poor’s,Standard Listing,Standby Letter of Credit,Standstill Agreement,Standstill Period,Staple Financing,Staple Papers,State of Insolvency / State of Distress,Steering Committee,Step Down,Step Up,Straight-Line Basis,Strategic Buyer,Strawman,Structural Adjustment,Structural Subordination,Structure Flex,Structure Memorandum,Subordinated Debt,Subordinated Shareholder Loan,Subordination,Sub-Participation,Subrogation,Subscription Agreement,Subsidiary Guarantor,Successful Syndication,Sukuk,Summary / Summary Box,SunGard Language,Sunnah,Super Majority Lenders,Super Majority Voting,Super Senior RCF,Swap,Sweet Equity,Swing Line Loans,SWX Swiss Exchange / SWX,Syndicate,Syndicate Covering Transaction,Syndicate Short,Syndication,Syndication Agent,Syndication Agreement,Syndication Date,Synergies,Synthetic Letter of Credit,T+ Legend,Tag Along Rights,Takaful,Take and Hold,Takedown Fee,Takeover Code,Takeover Panel,Talon,Tap / Tap Issue / Tap Offering,Target,TARGET Day,Target Hold,Target MAC,TARGET2,Tawarruq,Tax Consolidation,Tax Gross-Up,Tax Redemption,Tax Treaty,T-bills,Technical Amendment,TEFRA,TEG,TEG Letter,Tender Offer,Tenor,Term Loan,Term Loan Facility,Term Sheet,Term-Out,Term-Out Option,Terms and Conditions,Thin Capitalisation,Third Party Rights,Tick Marks,Ticking and Tying,Ticking Fee,Toggle Facility,Tombstone,Tombstone Ad,Topco,Total Cap,Trade Letter of Credit,Tranche,Transfer Agent,Transfer Tax,Transparency Directive,Trapped Cash,Treaty Country,Treaty Passport,Tree,Treuhand,Triple Hook,True Sale,Trust Deed,Trustee,Ts & Cs,Turn,Turnover,UCC,UK Corporate Governance Code,UKLA,UNCITRAL,UNCITRAL Model Law,Underwriters,Underwriting Agreement,Underwriting Discount,Underwriting Fee,Undrawn Commitment,Unrestricted Subsidiary,Upfront Fee,Upstream,US Exchange Act,US Investment Company Act,US Securities Act,Use It or Lose It,Use of Proceeds,Usury Laws,Value Added Tax,VAT,VC,VCOC,VCOC Rights,VCOC Side Letter,VDD / Vendor Due Diligence,Vendor Loan,Venture Capitalist,Voluntary Prepayment,Waiver,Wakala,Wakala al Mutlaqa,Wakil,Warrants,Waterfall,Weighted Average Life,Well Known Seasoned Issuer,WGL,White Knight,White Squire,Winding Up,Withholding Tax,WKSI,Working Capital,Working Capital Facility,Yank-a-Bank,Yield,YTD,Zero Coupon Bond,Zone of Insolvency,135(c) Release,135(e) Release,3(a)(9),5 bis Communication,AAU,AAIP,ABO,CFO,Ethical Wall,Exchange Act,Actualisation/Actu,Acuerdo Bilateral de Refinanciación del 71. bis,Acuerdo de Homologación,Acuerdo Colectivo de Refinanciación del 71,A’d,Additional Amounts,ADGM,Admission aux Négociations,ADX,Affirmative Covenant,AFME,AFME’s Agreement among Initial Purchasers,AHYDO Rules,AIM Rules,All or Substantially All,Amend and Extend,AMF,Anti-Bribery/Anti-Corruption,ASPs,Assemblea degli Obbligazionisti,Audit Committee,Augmentation de capital,B&D / Billing & Delivery,Back-Up,Bad Actor,Bagel,Bahrain Bourse,Bahrain Financial Exchange,Bail-In,Base Fee,BB-8/BeeBee-Ate,Benchmark,Benelux,Best Efforts Deal,Bid Letter,Big Four,Block Sale / Trade,Blood Letter / Blood Language,Blue,Board of Grievances,Bretton Woods,Brexit,Bringdown Call,Brown Shoe,CAC,Callable,Capacity,Capital Markets Authority,Category 1/2/3,Certificate of Good Standing,CGN,CICE,CIS,Class Tests,Clean-up Call,Cleanse,CMA,CNI,Comités de Créanciers,Commitment Period,Common Carrier,Common Safekeeper,Comp Chart,Condition of Issue,Consob/CONSOB,Contribution Debt,Cornerstone Investment,Covenant Strip,Covenant Summary,Covered Funds,CRD IV,Credit Agreement,Credit Facilities Basket,Créditos Concursales,Créditos Contra la Masa,Creeping Tender,Cure,Cross-over Credit,DCM,DD,Deal Toy,Dealer,Dealer Agreement,Dealer Manager Agreement,Debt Purchase / Buy Back,Deemed Consent,Deed of Covenant,DFM,DFSA,DIFC,Direct Enforcement Rights,Direct Participant,Discretionary Fee,Distressed Exchange Offer,DMA,Document de Base,Document de Référence,Dodd-Frank Act,DoN,DPS,Drive By,Dual Track,Dubai Department of Economic Development,EBITDA Cure,EBITDAX,ECM,ECP,EGC,EMEA,Emiratisation,Encumbrance,Equity,ESMA,ETE Form,Euro Interbank Offer Rate,Exploding Bridge,Fair Market Value,FATCA,FCPA,Financial Conduct Authority,Financial Transactions Tax,Floating GAAP,Floor,FMV,Foreign Exchange Risk,F-Pages,FPI,FRC,Free and Clear,Free Zone,Freebie,DZIT,Frozen GAAP,FTT,FY,GCC,Green Bond,Gross,Grower,Hammer Clause,Hijri year,HMT,Hold Harmless Letter,Hung Bridge,IBOR,ICA,ICSD,IFA,IIFA,IIFM,IIRA,ILA,Incumbency Certificate,Intention to Float,Intraday Pricing,Irrevocable Undertakings,Islamic Development Bank,Islamic International Rating Agency,ITF,Jahl,JOBS Act,KSA,KSE,LBO,Leveraged Lending Guidance,Liability Management,Listing,Longstop Date,Lucid,MAR,Magic Circle,Mandatory Bid,Material Non-Public Information,Medium Term Note Programme,Medium Term Notes,MIFID II,Mirror Notes,MNPI,Model Articles,Muqawla,Musataha,Muscat Securities Market,NASDAQ Dubai,Net,Net Proceeds,NGN,No Conflicts,No Deal / No Fee,Nomad,Non-Deal Roadshow,Non-GAAP / Non-IFRS,Note d’Opération / Note d’Op,NSS,OFAC,Offre au Public,Offshore Transaction,OFR,Ongoing Fees Side Letter,’34 Act,’33 Act,’40 Act,Facility,OOO,Open Market Repurchase,OPO,Ordinary Resolution,Permitted Liens,Piano di Risanamento Attestato,Pink,Placement Garanti,Plug and Play,Portability,Pre-Marketing,Procedures Memorandum,Pro Forma Adjusted EBITDA,Pro Forma Financial Statements,Pro Rata,Public,Put Up or Shut Up,PV,QE,QFC,QFMA,Qualifying IPO,Rappresentante Comune,Rappresentante per le Garanzie,Recast EU Insolvency Regulation,Reconciliation,Reg FD,Regulation M,Rep Letter,Representative,Repricing Event,Restricted,Restricted Group,Résumé,Reverse Green Shoe,Reverse Takeover,Right of First Offer,ROFR,RP Basket,Run Rate,Safe Harbour,SAGIA,SAMA,SCA,Scambio di Corrispondenza,SDN List,Securities Act,Security Package,Side-Car,Significant Subsidiary,Slug,Solicitation Agent,Spanish Ley Concursal,Special Resolution,Spot Price,Springing Covenant,SSI List,SSN,Stakebuilding,Statement of Financial Position,Statement of Revenue and Expense,Sticky Offering,SUN,Sunset,Supplemental Indenture,Suretyship,Tack-On Offering,Tadawul,Tail Fee,Tail Period,Testing the Waters,Third Party Beneficiary,TTF,Tying/Anti-Tying,Unitranche,Unregulated Market,Upfront Fees Side Letter,Upsize,VDR,Virtual Data Room,Visa,VIX,Volcker Rule,White Paper,Whitelist,Whitewash,Whitewash Procedure,Xerox Language,Yankee Bond,YieldCo,CSK,FCA,FCA Handbook,PDMRs,OMR,Prise Ferme,PUSU,Tender Drag,Termination Date,Friends & Family Offering,Market Abuse Regulation,T+,K-bis