The complete, up-to-date finance reference for every practitioner and student: complete, easy-to-understand explanations of 100 key terms. Defines each key term and instrument, explains the underlying concepts associated with it, shows how it works, and discusses when and how best to use it. Extensively updated, with new coverage of the efficient market hypothesis, portfolio theory, CDOs, and key elements of probability theory. By one of the world's leading finance instructors, and part of FT's market-leading Key series. Everyone who wants to succeed in finance needs a thorough understanding of the profession's core formulae and concepts. Key Financial Market Concepts identifies the 100 most important terms in modern corporate finance, thoroughly defines each of them, and details the essential concepts associated with each. Readers will learn how key financial instruments and techniques work, and when and how to use them. Highly-respected financial trainer Bob Steiner has fully updated this book For The latest trends and innovations in corporate finance. Now part of FT's popular Key series, this edition contains a new introduction, plus coverage of many new topics, including the efficient markets hypothesis, portfolio theory, CDOs, and key elements of probability theory.