Economic value added (EVA) is a corporate performance measure that stresses the ability to achieve returns above the firm's cost of...

Weighted average cost of capital (WACC) is the sum of the required market returns of each component of corporate capitalization, weighted...

Earnings before interest, dividends, taxes, depreciation and amortization (EBITDA) is a form of cash flow measure, useful for evaluating...

Risk control is the process of identifying, monitoring, limiting, avoiding, offsetting and transferring risks. The primary objective of...

Credit spread is a measure of the difference between the yield on a risky and a risk-free security, typically a corporate bond and a...

Risk based capital is a specific regulatory capital requirement promulgated by the National Association of Insurance Commissioners. It is...

Operational risk is the risk of losses resulting from inadequate or failed internal processes, people and systems, or from external...

Credit risk is the economic loss suffered due to the default of a borrower or counterparty. [Source: Society of Actuaries (SOA)...

Market risk encompasses risk arising from changes in investment market values or other features correlated with investment markets, such...

Risk appetite can be interpreted as reflecting the setting of targets and limits across the organisation as a whole, plus the breakdown...

Enterprise risk management (ERM) is the discipline by which an organization in any industry assesses, controls, exploits, finances and...

Strategic Risk relates to the achievement of an organisation's overall strategic business plans and objectives. [Source: Institute and...