Glossary
The glossary, A to Z
301 of 301 terms — searchable and filterable by category.
Accelerated Bookbuilding
Capital Measures & FinancingAcquisition
Capital Measures & FinancingActive Share
Portfolio & ExecutionAd-hoc disclosure
Regulation & Capital-Market CommunicationAdjusted EBITDA
Profitability & GrowthAIM Market
Regulation & Capital-Market CommunicationAlternative Performance Measures / APM
Accounting & Data QualityAnalyst Coverage
Market & ClassificationAnnual Recurring Revenue (ARR)
Business Model & Operating KPIsARPA
Business Model & Operating KPIsARPU
Business Model & Operating KPIsAsset Deal
Capital Measures & FinancingAsset-light model
Business Model & Operating KPIsAt-the-Market Offering / ATM
Capital Measures & FinancingATX Prime
Market & ClassificationAuction trading
Liquidity & TradingAudit Committee
Governance & Shareholder StructureAuditor Resignation
Risks & Red FlagsAverage Daily Traded Value (ADTV)
Liquidity & TradingBacklog (Order Backlog)
Business Model & Operating KPIsBaFin
Regulation & Capital-Market CommunicationBasic Board
Market & ClassificationBasic EPS / undiluted EPS
Profitability & GrowthBenchmark
Market & ClassificationBenchmark Tracking Error
Portfolio & ExecutionBest Execution
Regulation & Capital-Market CommunicationBeta
Risks & Red FlagsBid-Ask Spread
Liquidity & TradingBlock trade
Liquidity & TradingBonus shares
Capital Measures & FinancingBook-to-bill ratio
Business Model & Operating KPIsBorrow fee
Liquidity & TradingBreak-even point
Profitability & GrowthBurn rate
Cash Flow & Working CapitalBusiness Model
Business Model & Operating KPIsCAC payback period
Business Model & Operating KPIsCAGR
Profitability & GrowthCapacity Limit
Business Model & Operating KPIsCapex
Cash Flow & Working CapitalCapex intensity
Cash Flow & Working CapitalCapital allocation
Governance & Shareholder StructureCapital Asset Pricing Model (CAPM)
ValuationCapital Employed
ValuationCapital increase
Capital Measures & FinancingCapital Increase Against Non-Cash Contribution
Capital Measures & FinancingCapital Reduction
Capital Measures & FinancingCapitalised development costs
Balance Sheet & DebtCarve-out
Capital Measures & FinancingCash and Cash Equivalents
Balance Sheet & DebtCash conversion
Cash Flow & Working CapitalCash conversion cycle
Cash Flow & Working CapitalCash runway
Cash Flow & Working CapitalCFO change
Risks & Red FlagsChange-of-control clause
Governance & Shareholder StructureChurn rate
Business Model & Operating KPIsCircuit Breaker
Liquidity & TradingCohort Analysis
Business Model & Operating KPIsCompetitive Advantage
Business Model & Operating KPIsConcentration Risk
Portfolio & ExecutionConsolidated financial statements
Accounting & Data QualityContingent capital
Capital Measures & FinancingContingent Liability
Balance Sheet & DebtContribution Margin
Profitability & GrowthConvertible Bond
Capital Measures & FinancingConvertible Debt Floor
ValuationCorporate Governance
Governance & Shareholder StructureCorporate Governance Code
Governance & Shareholder StructureCost of Sales
Profitability & GrowthCovenant
Balance Sheet & DebtCovenant Breach
Risks & Red FlagsCovenant Headroom
Balance Sheet & DebtCross Trade
Liquidity & TradingCSRD
ESG & SustainabilityCurrent Ratio
Balance Sheet & DebtCustomer Acquisition Cost (CAC)
Business Model & Operating KPIsCustomer and revenue concentration
Risks & Red FlagsCustomer Loss
Risks & Red FlagsCyclicality
Business Model & Operating KPIsDark Pool
Liquidity & TradingDAU
Business Model & Operating KPIsDAU/MAU Ratio
Business Model & Operating KPIsDAX Family
Market & ClassificationDays Payable Outstanding (DPO)
Cash Flow & Working CapitalDays Sales Outstanding (DSO)
Cash Flow & Working CapitalDays to Build Position
Portfolio & ExecutionDays to Cover
Liquidity & TradingDays to Exit Position
Portfolio & ExecutionDe-SPAC
Capital Measures & FinancingDebt Maturity Profile
Balance Sheet & DebtDebt-to-Equity Swap
Capital Measures & FinancingDeferred Revenue / Contract Liabilities
Accounting & Data QualityDelisting
Risks & Red FlagsDesignated Sponsor
Liquidity & TradingDiluted EPS
Profitability & GrowthDilution
Capital Measures & FinancingDirect Listing
Capital Measures & FinancingDisclaimer of Opinion
Risks & Red FlagsDiscounted Cash Flow (DCF)
ValuationDividend
Capital Measures & FinancingDividend Yield
ValuationDouble Materiality
ESG & SustainabilityDrawdown
Portfolio & ExecutionDSO
Cash Flow & Working CapitalDual-Class Shares
Governance & Shareholder StructureEarn-out
Capital Measures & FinancingEarnings Quality
Accounting & Data QualityEarnings Yield
ValuationEBIT
Profitability & GrowthEBIT Margin
Profitability & GrowthEBITDA
Profitability & GrowthEBITDA Margin
Profitability & GrowthEDGAR
Regulation & Capital-Market CommunicationEffective Spread
Liquidity & TradingEffective Tax Rate
Profitability & GrowthEmerging Growth Company (EGC)
Regulation & Capital-Market CommunicationEnterprise Value
ValuationEqual Weighting
Portfolio & ExecutionEquity Ratio
Balance Sheet & DebtEquity Value
ValuationESRS
ESG & SustainabilityEU Taxonomy
ESG & SustainabilityEuronext Growth
Market & ClassificationEV-to-Equity Bridge
ValuationEV/EBIT
ValuationEV/EBITDA
ValuationEV/Sales (EV/Revenue)
ValuationForm 10-K
Regulation & Capital-Market CommunicationFree Cash Flow
Cash Flow & Working CapitalFree Cash Flow Margin
Cash Flow & Working CapitalFree Float (Streubesitz)
Liquidity & TradingFree-Float Market Capitalization
Market & ClassificationFreiverkehr (Open Market)
Regulation & Capital-Market CommunicationFTSE AIM All-Share
Market & ClassificationFully Diluted Shares
Governance & Shareholder StructureGoing-Concern Note
Risks & Red FlagsGoodwill
Balance Sheet & DebtGross debt
Balance Sheet & DebtGross margin
Profitability & GrowthGross margin bridge
Profitability & GrowthGross merchandise value (GMV)
Business Model & Operating KPIsGross profit
Profitability & GrowthGross Revenue Retention (GRR)
Business Model & Operating KPIsGrowth Capex
Cash Flow & Working CapitalGrowth Market
Market & ClassificationGuidance
Regulation & Capital-Market CommunicationGuidance Cut
Regulation & Capital-Market CommunicationHGB (German Commercial Code)
Accounting & Data QualityIdiosyncratic Risk
Risks & Red FlagsIFRS
Accounting & Data QualityImpairment
Balance Sheet & DebtIndex Inclusion
Market & ClassificationInformation Inefficiency
Market & ClassificationInsider Ownership
Governance & Shareholder StructureInsolvency / insolvency risk
Risks & Red FlagsInterest Coverage Ratio
Balance Sheet & DebtInternal Controls
Accounting & Data QualityInventory Turnover
Cash Flow & Working CapitalInvestor Relations
Regulation & Capital-Market CommunicationIPO
Capital Measures & FinancingIPO Readiness
Capital Measures & FinancingKey-person risk
Risks & Red FlagsLike-for-like Growth
Profitability & GrowthLimit Order
Liquidity & TradingLimit-up/Limit-down
Liquidity & TradingLiquidity budget
Portfolio & ExecutionLiquidity Risk
Risks & Red FlagsListed shell company
Capital Measures & FinancingLit Market
Liquidity & TradingLogo Churn
Business Model & Operating KPIsLTV
Business Model & Operating KPIsLTV/CAC
Business Model & Operating KPIsM&A
Capital Measures & FinancingMaintenance Capex
Cash Flow & Working CapitalManagement Turnover
Governance & Shareholder StructureMAR (Market Abuse Regulation)
Regulation & Capital-Market CommunicationMargin Call
Risks & Red FlagsMarket capitalisation
Market & ClassificationMarket Impact
Liquidity & TradingMarket Order
Portfolio & ExecutionMAU (Monthly Active Users)
Business Model & Operating KPIsMedian Daily Value
Liquidity & TradingMicro Cap
Market & ClassificationMid-Price
Liquidity & TradingMiFID II
Regulation & Capital-Market CommunicationMinority Shareholders
Governance & Shareholder StructureMRR
Business Model & Operating KPIsNano Cap
Market & ClassificationNasdaq First North
Market & ClassificationNet Cash
Balance Sheet & DebtNet debt
Balance Sheet & DebtNet Debt / EBITDA
Balance Sheet & DebtNet Income (Jahresüberschuss)
Profitability & GrowthNet margin
Profitability & GrowthNet Revenue Retention (NRR)
Business Model & Operating KPIsNon-current assets
Balance Sheet & DebtNon-recurring Items
Profitability & GrowthNOPAT
Profitability & GrowthNormalized Earnings
Accounting & Data QualityOff-Book Trading
Liquidity & TradingOpening Auction
Liquidity & TradingOperating cash flow
Cash Flow & Working CapitalOperating cash-flow margin
Cash Flow & Working CapitalOperating Leverage
Profitability & GrowthOperating net working capital
Cash Flow & Working CapitalOption Overhang
Governance & Shareholder StructureOrder Flow
Liquidity & TradingOrder Intake
Business Model & Operating KPIsOrder Routing
Liquidity & TradingOrder-book depth
Liquidity & TradingOrganic growth
Profitability & GrowthP/E ratio (price-earnings ratio)
ValuationP/S Ratio (Price-to-Sales Ratio)
ValuationPayout ratio
ValuationPeer Multiple
ValuationPEG Ratio
ValuationPIPE Financing
Capital Measures & FinancingPlacement
Capital Measures & FinancingPlatform Model
Business Model & Operating KPIsPosition Sizing
Portfolio & ExecutionPricing Power
Business Model & Operating KPIsPrime Standard
Market & ClassificationPrivate Placement
Capital Measures & FinancingProspectus Requirement
Regulation & Capital-Market CommunicationProvisions
Balance Sheet & DebtPurchase Price Allocation (PPA)
Accounting & Data QualityQualified Opinion
Risks & Red FlagsQuick Ratio
Balance Sheet & DebtQuotation Board
Market & ClassificationR&D Intensity
Business Model & Operating KPIsRecurring Revenue
Business Model & Operating KPIsRefinancing Risk
Risks & Red FlagsRelated-Party Transaction
Governance & Shareholder StructureRemuneration Report
Governance & Shareholder StructureResearch Coverage Gap
Regulation & Capital-Market CommunicationRestatement
Accounting & Data QualityReturn on Assets (ROA)
Profitability & GrowthReturn on Equity (ROE)
Profitability & GrowthRevenue
Profitability & GrowthRevenue Growth
Profitability & GrowthRevenue Mix
Business Model & Operating KPIsRevenue Recognition
Accounting & Data QualityReverse DCF
ValuationReverse Takeover
Capital Measures & FinancingROCE
Profitability & GrowthROIC
Profitability & GrowthRule of 40
Profitability & GrowthSay on Pay
Governance & Shareholder StructureScale Segment
Market & ClassificationScrip Dividend
Capital Measures & FinancingSDAX
Market & ClassificationSEC Reporting
Regulation & Capital-Market CommunicationSecondary Offering
Capital Measures & FinancingSecurities Lending
Liquidity & TradingSegment Reporting
Accounting & Data QualityShare buyback
Capital Measures & FinancingShare Deal
Capital Measures & FinancingShare pledging
Governance & Shareholder StructureShareholder concentration
Governance & Shareholder StructureShareholder Rights
Governance & Shareholder StructureShares Outstanding
Capital Measures & FinancingShort Interest
Liquidity & TradingShort Squeeze
Risks & Red FlagsSize Premium
ValuationSlippage
Liquidity & TradingSmall Cap
Market & ClassificationSmall-Cap Beta
Market & ClassificationSmaller Reporting Company
Regulation & Capital-Market CommunicationSpecial Dividend
Capital Measures & FinancingSpin-off
Capital Measures & FinancingSqueeze-out
Risks & Red FlagsStock Option Plans
Governance & Shareholder StructureStock Split
Capital Measures & FinancingStop-Limit Order
Liquidity & TradingSubscription ratio
Capital Measures & FinancingSubscription right
Capital Measures & FinancingSubscription rights discount
Capital Measures & FinancingSum-of-the-Parts
ValuationSupplier Concentration
Risks & Red FlagsSupply Chain Risk
Risks & Red FlagsSustainability Report
ESG & SustainabilityTake Rate
Business Model & Operating KPIsTakeover Bid
Governance & Shareholder StructureTAM
Market & ClassificationTerminal Value
ValuationTERP (Theoretical Ex-Rights Price)
Capital Measures & FinancingTestat (Auditor's Opinion)
Accounting & Data QualityTotal assets
Balance Sheet & DebtTrading Volume
Liquidity & TradingTreasury Shares
Capital Measures & FinancingTSR (Total Shareholder Return)
ValuationUnit Economics
Business Model & Operating KPIsValue Trap
Risks & Red FlagsVolatility
Liquidity & TradingVoting Rights
Governance & Shareholder StructureVoting Rights Notification
Regulation & Capital-Market CommunicationWACC / Cost of Capital
ValuationWeighted Average Shares Outstanding
Accounting & Data QualityWorking Capital
Cash Flow & Working CapitalWpHG Notification (voting rights notification)
Regulation & Capital-Market CommunicationXBRL
Accounting & Data QualityXetra
Liquidity & TradingBrowse by category
Capital Measures & Financing (38)Business Model & Operating KPIs (32)Liquidity & Trading (30)Profitability & Growth (29)Valuation (23)Market & Classification (22)Risks & Red Flags (21)Governance & Shareholder Structure (20)Balance Sheet & Debt (19)Regulation & Capital-Market Communication (19)Cash Flow & Working Capital (18)Accounting & Data Quality (15)Portfolio & Execution (10)ESG & Sustainability (5)