XYZ
Banking Terms - X-Y-ZX
AMEX Composite Index (XAX) - (American Stock Exchange market capitalization-weighted price appreciation stock index based on value relative to a base level as of December 1995)
AMEX Major Market Index (XMI) - (American Stock Exchange price-weighted average index of Blue Chip industrial stocks)
AMEX Market Value Index (XAM) - (American Stock Exchange average of value stocks)
Extensible Business Reporting Language (XBRL) - (an XML-based framework which provides additional reporting capabilities for the financial community)
Extensible Hypertext Markup Language (XHTML) - (version of HTML introduced in 2000 - replaced by HTML5)
Extensible Markup Language (XML) - (a generic language of the World Wide Web Consortium (W3C) for creating new markup languages)
X12 - uniform standard for interindustry electronic interchange of business transactions
Y
year-to-date (YTD) - (period from the beginning of the calendar year to the reporting date)
yield (YLD) - (return on an investor's capital investment)
yield to broker (YTB) -
yield to call (YTC) - (yield on a bond assuming the bond will be redeemed by the issuer at the first call date specified in the indenture agreement)
yield to maturity (YTM) - (rate of return expected on a long-term, interest-bearing investment, such as a bond, assuming it is held to its maturity date)
Z
Zero-Based Budgeting (ZBB) - (budgeting method which requires managers to justify all expenditures when preparing new budgets - budget lines are re-set to zero - rather than relying on prior budget figures)
zero-bracket amount (ZBA) - (income automatically not subject to federal income tax for taxpayers choosing not to itemize deductions - the 1986 Act replaced the zero-bracket amount with an increased standard deduction)
Zero Coupon Issue/Security (ZR) - (security that makes no periodic interest payments but instead is sold at a deep discount from its face value)