kappa Alternative name for the Greek factor sensitivity vega.

Kendall, Maurice Famous statistician who contributed to early research of the random walk hypothesis.

key factor A risk factor whose conditional probability distribution is directly modeled by a VaR measure.

key vector The vector of key factors.

KMV model A commercial implementation of the asset value model of credit risk.

knock-in option A type of path-dependent option.

knockout option A type of path-dependent option.

Koonmen, John Manager of the Eifuku Master Fund, a Japanese hedge fund that failed in 2002.

kurtosis A parameter describing the peakedness and tails of a probability distribution.