Governmental Accounting Standards Board (GASB)
![](https://www.stablevalue.org/wp-content/uploads/2019/10/geo.png)
GASB is a private, not-for-profit, independent organization whose primary purpose is to develop generally accepted accounting principles (GAAP) for local and state governments within the United States. The GASB is subject to oversight by the Financial Accounting Foundation (FAF), which selects the members of the GASB and the Financial Accounting Standards Board (FASB). The GASB issued Statement No. […]
Liquidity
![](https://www.stablevalue.org/wp-content/uploads/2019/10/geo.png)
Generally, liquidity is the degree to which an investment can be easily sold or converted into cash, especially without affecting the investment’s price. In a stable value context, it means a participant’s ability to access funds without market value risk or other penalty.
OCC
![](https://www.stablevalue.org/wp-content/uploads/2019/10/geo.png)
See Comptroller of the Currency, Office of.
Reinvestment Risk
![](https://www.stablevalue.org/wp-content/uploads/2019/10/geo.png)
The risk there will be a difference between the original coupon yield on an investment and the rates available when interest income is reinvested.
Statement of Position (SOP) 94-4-1
![](https://www.stablevalue.org/wp-content/uploads/2019/10/geo.png)
At the request of Financial Accounting Standards Board (FASB), the American Institute of Certified Public Accountants (AICPA) issued SOP 94-4-1. This document defines the rules under which book value accounting may be used for the investment contracts issued to non-governmental defined contribution plans. This guidance was reaffirmed in FASB Staff Position (FSP) AAG INV-1 for the use of book value accounting for investment contracts in 2004.
Yield
![](https://www.stablevalue.org/wp-content/uploads/2019/10/geo.png)
On the date of issue of a security or investment contract, the yield refers to the coupon or interest on the security or contract. On any date after issuance, the yield of a security is based on the value of the security’s cash flows. Yield can be calculated in several ways. In general, the most common method is […]
American Institute of Certified Public Accountants (AICPA)
![](https://www.stablevalue.org/wp-content/uploads/2019/10/geo.png)
The AICPA is the accounting profession’s largest member association, representing many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, nonprofit organizations and federal, state, and local governments. The AICPA issued Statement of Position (SOP) […]
Buffer Fund
![](https://www.stablevalue.org/wp-content/uploads/2019/10/geo.png)
See liquidity buffer.
Credit Quality Downgrade
![](https://www.stablevalue.org/wp-content/uploads/2019/10/geo.png)
A reduction in an organization’s or financial instrument’s credit quality rating as published by a NRSRO. A credit downgrade indicates the NRSRO’s view that the financial strength of the organization or financial instrument has deteriorated.