Key performance indicator

A means of explaining a complicated concept to a dull person with no background who has no hope of understanding it, so he can evaluate it. Middle-management bullshit. Something less edifying than an audio-description soundtrack on a movie but intended to have the same effect.

So, for an ISDA negotiator who is charged with carefully protecting the firm's exposure to creditworthiness and legal risk to trading counterparties, a key performance indicator is not the effectiveness of the termination events, the validity of the security package, the sensitivity of the NAV triggers of the comprehensiveness and durability of the indemnity, but how quickly she finished the negotiation.