Body Of Knowledge - BOK

Definition of 'Body Of Knowledge - BOK'


The core teachings, skills and research in a field or industry. The body of knowledge (BOK) often forms the foundation for the curriculum of most professional programs or designations. It is the essential competencies mastered by members, to receive accreditation before applying these principles in practice. Mastery of the body of knowledge is generally demonstrated by passing rigorous examinations at single or multiple levels.

Investopedia explains 'Body Of Knowledge - BOK'


Since the required core competencies and skill sets for almost any profession evolves and changes over the years, its body of knowledge has to be dynamic, in order to incorporate new information and techniques, and maintain the relevance of the curriculum.

In the investment world, one of the best-known examples of the body of knowledge is that of the Chartered Financial Analyst, or CFA, program. The CFA program's Candidate Body of Knowledge (CBOK) is determined by getting input from CFA Institute members and employers, on current best practices and projected future trends in the investment profession. The CBOK encompasses 10 knowledge domains grouped into four broad areas: ethical and professional standards, investment tools, asset classes, and portfolio management and wealth planning.



comments powered by Disqus
Hot Definitions
  1. Pension Risk Transfer

    When a defined benefit pension provider offloads some or all of the plan’s risk – e.g.: retirement payment liabilities to former employee beneficiaries. The plan sponsor can do this by offering vested plan participants a lump-sum payment to voluntarily leave the plan, or by negotiating with an insurance company to take on the responsibility for paying benefits.
  2. XW

    A symbol used to signify that a security is trading ex-warrant. XW is one of many alphabetic qualifiers that act as a shorthand to tell investors key information about a specific security in a stock quote. These qualifiers should not be confused with ticker symbols, some of which, like qualifiers, are just one or two letters.
  3. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  4. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  5. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  6. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
Trading Center