ALM
Abbreviation with 2 meanings
| Stands for | Asset-liability management |
|---|---|
| Meanings | 2 |
| Categories | Business & Finance, Education & Academia |
ALM has two meanings. It stands for Asset-liability management (banking) or Artium Liberalium Magister (Master of Liberal Arts) (degree).
Meanings of ALM at a glance
| # | ALM stands for | Context |
|---|---|---|
| 1 | Asset-liability management | Business & Finance › Banking |
| 2 | Artium Liberalium Magister (Master of Liberal Arts) | Education & Academia › Degree |
1. Asset-liability management
Business & Finance · Banking Abbreviations
Practice of managing a bank's or insurer's balance sheet so that assets and liabilities are matched in interest-rate sensitivity, maturity and liquidity, protecting earnings and capital. An asset-liability committee (ALCO) oversees it.
Example: ALM modeling showed that a 200-basis-point rate rise would cut the bank's economic value of equity by 12 percent.
Poor ALM was central to the 2023 failure of Silicon Valley Bank, which funded long-dated bonds with flighty deposits. ALM tools include gap analysis, duration matching, interest rate swaps and stress testing. Pension funds and insurers practice a related discipline called liability-driven investing.
2. Artium Liberalium Magister (Master of Liberal Arts)
Education & Academia · Degree Abbreviations
Master's degree awarded by Harvard Extension School in fields such as management, biology, journalism and psychology, earned largely through evening and online courses plus required on-campus work. Admission depends on earning strong grades in initial graduate courses rather than on a traditional application.
Example: He listed "ALM, Harvard University Extension School" on his résumé after finishing the program.
The Latin-order title follows Harvard tradition, similar to AB and AM. Harvard asks graduates to name the Extension School when listing the degree, and many students complete it part time over several years while working.
Related abbreviations
More banking abbreviations
- A/C – Account
- ABA – American Bankers Association (routing number)
- ACH – Automated Clearing House
- ALLL – Allowance for loan and lease losses
- AML – Anti-money laundering
- ATM – Automated teller machine
- BACS – Bankers' Automated Clearing Services
- BG – Bank guarantee
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