Wednesday, September 08, 2010

Abbreviation

Sometimes I lost during some technical documents in the office.

It is easy to understand if there is only one meaning for one abbreviation. But sometimes there are various meanings for one word. For example, in the insurance industry, in most cases, CV means cash value, the value of the payment in the case of surrender. But these days, I use CV as Current Value that the value of some securities discounted to current status, especially used during the talk about credit risk.

Even if I study various abbreviations, there are so many ones to know, because there are so many financial products newly created.

This is one of my biggest problems.

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