Answers to our quiz

Daft abbreviation

Yesterday, a challenge. How many of these preposterous financial abbreviations can you define? Here are the answers.

1. IV – Implied volatility
2. MNT – Member-nominated trustee in corporate pensions, or Mongolian Tughrik in currency
3. LBO – Leveraged buyout
4. EBITDA – Earnings before interest, tax, debt and amortisation
5. OEIC – Open-ended investment company
6. KIID – Key investor information document
7. UCITS – Undertakings For The Collective Investment Of Transferable Securities
8. EPS – Earnings per share
9. ADR – American depositary receipts
10. LTIPs – Long-term incentive plans