FRM® glossary

212 risk management terms from the FRM syllabus, each defined in a sentence or two. Pick a letter, or start with the terms that come up most.

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Terms that come up most

• Volatility · in 164 learning outcome notes
• Correlation · in 153 learning outcome notes
• Probability of default · in 119 learning outcome notes
• Value at risk · in 112 learning outcome notes
• Collateral · in 110 learning outcome notes
• Counterparty credit risk · in 106 learning outcome notes
• Variance · in 102 learning outcome notes
• Credit risk · in 82 learning outcome notes
• Option · in 76 learning outcome notes
• Swap · in 73 learning outcome notes
• Expected loss · in 70 learning outcome notes
• Leverage · in 67 learning outcome notes
• Loss given default · in 67 learning outcome notes
• Standard deviation · in 64 learning outcome notes
• Diversification · in 57 learning outcome notes
• Regression · in 57 learning outcome notes
• Quantile · in 56 learning outcome notes
• Confidence level · in 52 learning outcome notes
• Operational risk · in 49 learning outcome notes
• Beta · in 48 learning outcome notes
• Risk-free rate · in 48 learning outcome notes
• Futures contract · in 46 learning outcome notes
• Stress testing · in 46 learning outcome notes
• Clearing house · in 45 learning outcome notes
• Covariance · in 45 learning outcome notes
• Haircut · in 45 learning outcome notes
• Market risk · in 44 learning outcome notes
• Netting · in 43 learning outcome notes
• Residual · in 39 learning outcome notes
• Concentration risk · in 38 learning outcome notes
• Arbitrage · in 37 learning outcome notes
• Hedging · in 37 learning outcome notes
• Present value · in 36 learning outcome notes
• Compounding · in 34 learning outcome notes
• Alpha · in 33 learning outcome notes
• Liquidity risk · in 33 learning outcome notes
• Credit default swap · in 32 learning outcome notes
• Duration · in 32 learning outcome notes
• Risk appetite · in 32 learning outcome notes
• Risk-neutral valuation · in 32 learning outcome notes

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