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Definition of Advance
A payment made by a customer to the company, or by the company to a
A promise to sell an asset before the seller has lined up purchase of the asset. This
Very early orders for materials before the completion
Also known as a trading index (TRIN)= (number of advancing issues)/ (number of declining
A fee paid to a commercial bank in return for its legal commitment to lend funds that have
A form of individual retirement account whose earnings
A program, such as social security, under which everyone meeting the eligibility requirements is entitled to receive benefits from the program, so that costs are not known in advance.
Economic series that tend to rise or fall in advance of the rest of the economy.
The purchase of a futures contract(s) in anticipation of actual purchases in the cash market. Used
A loan advanced under an operating line of credit.
hecks that are authorized by the payer in advance and are written either by
Debits to its bank account in advance by the payer. The payer's
A payment made in advance of when it is treated as an expense for profit purposes.
The risk that the value of a security (or a portfolio) will decline in the future. Or, a type of
A decline in prices following an advance. Opposite of rally.
Belief that business cycles arise from real shocks to the economy, such as technology advances and natural resource discoveries, and have little to do with monetary policy.
Registered Pension Plan
Commonly referred to as an RPP this is a tax sheltered employee group plan approved by Federal and Provincial governments allowing employees to have deductions made directly from their wages by their employer with a resulting reduction of income taxes at source. These plans are easy to implement but difficult to dissolve should the group have a change of heart. Employer contributions are usually a percentage of the employee's salary, typically from 3% to 5%, with a maximum of the lessor of 20% or $3,500 per annum. The employee has the same right of contribution. Vesting is generally set at 2 years, which means that the employee has right of ownership of both his/her and his/her employers contributions to the plan after 2 years. It also means that all contributions are locked in after 2 years and cannot be cashed in for use by the employee in a low income year. Should the employee change jobs, these funds can only be transferred to the RPP of a new employer or the funds can be transferred to an individual RRSP (or any number of RRSPs) but in either scenario, the funds are locked in and cannot be accessed until at least age 60. The only choices available to access locked in RPP funds after age 60 are the conversion to a Life Income Fund or a Unisex Annuity.
Picking parts from stock for an order before they are needed, in order to
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