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| A Workflow Engine |
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| The component in a workflow automation program that knows all the procedures, steps and rules. It determines whether the process is ready to move to the next step. |
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| Absolute Return |
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| The actual rate of return achieved on an investment, whether expressed as a CUMULATIVE or ANNUALISED RETURN. |
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| Accounting |
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| The process of recording, summarizing, and allocating all items of income and expense of the company and analyzing, verifying, and reporting the results. |
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| Accrual Bond |
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| A bond on which interest accrues but is not paid to the investor during the time of accrual. The amount of accrued interest is added to the remaining principal of the bond and is paid at maturity. |
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| Active Management |
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| A style of investment management which seeks to add value to benchmark returns through actively managing the stock selection of the portfolio. Holdings are therefore likely to be different from the benchmark index both in terms of the securities held and their proportion. |
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