AIMR Performance Presentation Standards Implementation Committee
The Association for Investment Management and Research (AIMR) Performance Presentation Standards Implementation Committee is charged with the responsibility to interpret, revise, and update the AIMR Performance Presentation Standards (AIMR-PPS(TM) for portfolio performance presentations.
Workout
Informal repayment or loan forgiveness arrangement between a borrower and creditors.
Forward differential
Annualized percentage difference between spot and forward rates.
Mark Berch:Multiple regression
The estimated relationship between a dependent variable and more than one explanatory variable.
Objective (mutual funds)
The fund's investmentstrategy category as stated in the prospectus. There are more than 20 standardized categories. E.g. Aggressive growth, balanced.
Endogenous variable
A value determined within the context of a model. Related: Exogenous variable. Mark Berch
Targeted Amortization Class (TAC) bonds
Bonds offered as a trancheclass of some CMOs, according to a sinking fund schedule. They differ from PAC bonds whose amortization is guaranteed as long as prepayments on the underlyingmortgages do not exceed certain limits. A TAC's schedule is met at only one prepayment rate.
