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.

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Uniform Standards of Professional Appraisal Practice (USPAP) - Current standards of the appraisal profession, developed for appraisers and the users of appraisal services by the Appraisal Standards Board of The Appraisal Foundation. The Uniform Standards set forth the procedures to be followed in developing an appraisal analysis, or opinion and the manner in which an appraisal, analysis, or opinion is communicated.

Related Policy