Glossary

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Terms. Definitions. Dictionary.

Understanding all the terms and acronyms in third party risk can feel like learning a new language. We’ve got you covered with all the definitions for you to reference.

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10-K Report

Final
An annual financial report that is produced by publicly traded companies and filed with the SEC.
Created By: Venminder Inc 11-07-2019
Last Updated By: Venminder Inc 11-07-2019

Acceptance

Final
Regarding risk, an organization that chooses to accept risk has done their due diligence and found the advantages of outsourcing a product/service outweigh the disadvantages.
Created By: Venminder Inc 11-07-2019
Last Updated By: Venminder Inc 11-07-2019

Active Exploits

Final
In cybersecurity, this is when there is a pathway to capitalize on a network vulerability.
Created By: Venminder Inc 11-07-2019
Last Updated By: Venminder Inc 11-07-2019

Administrative Law Judge (ALJ)

Final
Typically, the ALJ offers rulings in disputes between banks and regulators.
Created By: Venminder Inc 08-27-2019
Last Updated By: Venminder Inc 09-11-2019

American Institute of Certified Public Accounts (AICPA)

Final
The national professional organization of certified public accountants in the United States.
Created By: Venminder Inc 08-27-2019
Last Updated By: Venminder Inc 08-27-2019

Annual Percentage Rate (APR)

Final
Yearly percentage rate on a loan.
Created By: Venminder Inc 11-07-2019
Last Updated By: Venminder Inc 11-07-2019

Annual Percentage Yield (APY)

Final
The rate of return on a savings account or investment. This does consider compounding interest.
Created By: Venminder Inc 11-07-2019
Last Updated By: Venminder Inc 09-30-2022

Anti-Money Laundering (AML)

Final
Refers to laws, regulations and procedures enacted to prevent someone from illegally obtaining funds and saying its income.
Created By: Venminder Inc 08-27-2019
Last Updated By: Venminder Inc 09-11-2019

API Integration

Final
Stands for application programming interface and means data can be easily extracted out of one software and imported into another.
Created By: Venminder Inc 11-07-2019
Last Updated By: Venminder Inc 11-07-2019

API Specs

Final
Stands for application programming interface specification and includes the requirements or plan regarding how an API should look in order to work.
Created By: Venminder Inc 11-07-2019
Last Updated By: Venminder Inc 11-07-2019