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Operations Glossary

This Glossary identifies, defines, and clarifies the meaning of investment terms used by CalPERS in our investment policies. The purpose of the Glossary is to establish a uniform vocabulary of terms for users of these policies.

Choose from the letters below to find a specific Operations Investment Policy term or phrase. You'll also find information about the related policies and asset classes for each term.

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z  #  ALL  


B


Best Execution - The ability to make efficient trades, taking into consideration factors such as: the price, the size of an order, the trading characteristics of the security, and the likelihood that an order will be fulfilled.

Related Policy


Broker - A firm that charges a fee or commission for executing an investor?s buy and sell orders.

Related Policy