![]() |
|
Financial Terms | |
Assuris |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: payroll, money, financial, investment, inventory, credit, stock trading, accounting, |
Definition of AssurisAssurisassuris is a not for profit organization that protects Canadian policyholders in the event that their life insurance company should become insolvent. Their role is to protect policyholders by minimizing loss of benefits and ensuring a quick transfer of their policies to a solvent company where their benefits will continue to be honoured. assuris is funded by the life insurance industry and endorsed by government. If you are a Canadian citizen or resident, and you purchased a product from a member life insurance company in Canada, you are protected by assuris.
Related Terms:"Soft" Capital Rationingcapital rationing that under certain circumstances can be violated or even viewed ABC inventory classificationA method for dividing inventory into classifications, Accidental Death and DismembermentCoverage that provides a lump-sum payment to you or your survivors if an accident results in the loss of a limb, paralysis or your Death. Accidental Death Benefit (ADB)Coverage against accidental Death usually payable in addition to base amount of coverage. Accidental Dismemberment: (Credit Insurance)Provides additional financial security should an insured person be dismembered or lose the use of a limb as the result of an accident. Accomodating PolicyA monetary policy of matching wage and price increases with money supply increases so that the real money supply does not fall and push the economy into recession. Account ValueThe sum of all the interest options in your policy, including interest. ![]() Accounting and Auditing Enforcement Release (AAER)Administrative proceedings or litigation releases that entail an accounting or auditing-related violation of the securities laws. Accounting PoliciesThe principles, bases, conventions, rules and procedures adopted by management in preparing and presenting financial statements. Accounts‘Buckets’ within the ledger, part of the accounting system. Each account contains similar transactions (line items) that are used for the production of financial statements. Or commonly used as an abbreviation for financial statements. Accounts payableMoney owed to suppliers. ACCOUNTS PAYABLEAmounts a company owes to creditors. Accounts payableAmounts owed by the company for goods and services that have been received, but have not yet been paid for. Usually accounts payable involves the receipt of an invoice from the company providing the services or goods. accounts payableShort-term, non-interest-bearing liabilities of a business Accounts payableAcurrent liability on the balance sheet, representing short-term obligations Accounts PayableAmounts due to vendors for purchases on open account, that is, not evidenced ![]() Accounts Payable Days (A/P Days)The number of days it would take to pay the ending balance Accounts receivableMoney owed by customers. ACCOUNTS RECEIVABLEAmounts owed to a company by customers that it sold to on credit. Total accounts receivable are usually reduced by an allowance for doubtful accounts. Accounts receivableAmounts owed to the company, generally for sales that it has made. accounts receivableShort-term, non-interest-bearing debts owed to a Accounts receivableA current asset on the balance sheet, representing short-term Accounts ReceivableAmounts due from customers for sales on open account, not evidenced Accounts ReceivableMoney owed to a business for merchandise or services sold on open account. Accounts Receivable Days (A/R Days)The number of days it would take to collect the ending Accounts receivable turnoverThe ratio of net credit sales to average accounts receivable, a measure of how accounts receivable turnover ratioA ratio computed by dividing annual ![]() Accrued expenses payableExpenses that have to be recorded in order for the financial statements to be accurate. Accrued Expenses usually do not involve the receipt of an invoice from the company providing the goods or services. accrued expenses payableThe account that records the short-term, noninterest- Accrued IncomeIncome that has been earned but not yet received. For instance, if you have a non-registered Guaranteed Investment Certificate (GIC), Mutual Fund or Segregated Equity Fund, growth accrues annually or semi-annually and is taxable annually even though the gain is only paid at maturity of your investment. Accumulated Benefit Obligation (ABO)An approximate measure of the liability of a plan in the event of a Accumulated depreciationA contra-fixed asset account representing the portion of the cost of a fixed asset that has been previously charged to Expense. Each fixed asset account will have its own associated Accumulated depreciation account. accumulated depreciationA contra, or offset, account that is coupled Accumulated depreciationThe sum total of all deprecation Expense recognized to date Accumulated Other Comprehensive IncomeCumulative gains or losses reported in shareholders' Accumulated ValueAn amount of money invested plus the interest earned on that money. Accumulation binA location in which components destined for the shop floor are acid test ratio (also called the quick ratio)The sum of cash, accounts receivable, and short-term marketable Additional hedgeA protection against borrower fallout risk in the mortgage pipeline. Additional paid-in capitalAmounts in excess of the par Value or stated Value that have been paid by the public to acquire stock in the company; synonymous with capital in excess of par. Additional paid-in capitalany payment received from investors for stock that exceeds additional paid-in capitalDifference between issue price and par Value of stock. also called capital surplus. Adjusted Cash Flow Provided by Continuing Operationscash flow provided by operating Adjusted Income from ContinuingOperations Reported Income from continuing operations Adjusted present value (APV)The net present Value analysis of an asset if financed solely by equity After-tax profit marginThe ratio of net Income to net sales. Aggregate Production FunctionAn equation determining aggregate output as a function of aggregate inputs such as labor and capital. Aggregate SupplyTotal quantity of goods and services supplied. Aggregate Supply CurveCombinations of price level and Income for which the labor market is in equilibrium. The short-run aggregate supply curve incorporates information and price/wage inflexibilities in the labor market, whereas the long-run aggregate supply curve does not. Aggressive Capitalization Policiescapitalizing and reporting as assets significant portions of Aggressive Cost CapitalizationCost capitalization that stretches the flexibility within generally All equity rateThe discount rate that reflects only the business risks of a project and abstracts from the All-in costTotal costs, explicit and implicit. All or noneRequirement that none of an order be executed unless all of it can be executed at the specified price. All-or-none underwritingAn arrangement whereby a security issue is canceled if the underwriter is unable allocateassign based on the use of a cost driver, a cost predictor, allocationthe systematic assignment of an amount to a recipient AllocationThe process of storing costs in one account and shifting them to other Allocation base A measure of activity or volume such as labourhours, machine hours or volume of production Allowance for bad debtsAn offset to the accounts receivable balance, against which Allowance for doubtful accountsA contra account related to accounts receivable that represents the amounts that the company expects will not be collected. Allowance for Doubtful AccountsAn estimate of the uncollectible portion of accounts receivable Allowance methodA method of adjusting accounts receivable to the amount that is expected to be collected based on company experience. American Depositary Receipts (ADRs)Certificates issued by a U.S. Depositary bank, representing foreign American optionAn option that may be exercised at any time up to and including the expiration date. American optionAn option that can be exercised any time until its American sharesSecurities certificates issued in the U.S. by a transfer agent acting on behalf of the foreign American Stock Exchange (AMEX)The second-largest stock exchange in the United States. It trades American-style optionAn option contract that can be exercised at any time between the date of purchase and Amortization (Credit Insurance)Refers to the reduction of debt by regular payments of interest and principal in order to pay off a loan by maturity. Analytical ReviewThe process of attempting to infer the presence of potential problems Annual fund operating expensesFor investment companies, the management fee and "other Expenses," Annual PremiumYearly amount payable by a client for a policy or component. ApplicantThe party applying for an Insurance policy. ApplicationA signed statement of facts made by a person applying for life Insurance and then used by the Insurance company to decide whether or not to issue a policy. The application becomes part of the Insurance contract when the policy is issued. applied overheadthe amount of overhead that has been assigned to Work in Process Inventory as a result of productive activity; credits for this amount are to an overhead account approximated net realizable value at split-off allocationa method of allocating joint cost to joint products using a Asset allocation decisionThe decision regarding how an institution's funds should be distributed among the At-the-moneyAn option is at-the-money if the strike price of the option is equal to the market price of the authorized share capitalMaximum number of shares that the company is permitted to issue, as specified in the firm’s articles of incorporation. Authorized sharesNumber of shares authorized for issuance by a firm's corporate charter. Authorized sharesThe number of shares of stock that the company is legally authorized to sell. Automatic Benefits PaymentAutomatic payment of moneys derived from a benefit. Automatic Waiver of PremiumA benefit that automatically forfeits premium payments. Average age of accounts receivableThe weighted-average age of all of the firm's outstanding invoices. Average cost of capitalA firm's required payout to the bondholders and to the stockholders expressed as a Average lifealso referred to as the weighted-average life (WAL). The average number of years that each Back-up1) When bond yields and prices fall, the market is said to back-up. Balance of Payments AccountsA statement of a country's transactions with other countries. Balanced ScorecardA system of non-financial performance measurement that links innovation, customer and process measures to financial performance. balanced scorecard (BSC)an approach to performance Balloon maturityany large principal payment due at maturity for a bond or loan with or without a a sinking BankruptcyState of being unable to pay debts. Thus, the ownership of the firm's assets is transferred from bankruptcyThe reorganization or liquidation of a firm that cannot pay its debts. Bankruptcy cost viewThe argument that expected indirect and direct bankruptcy costs offset the other Bankruptcy riskThe risk that a firm will be unable to meet its debt obligations. also referred to as default or insolvency risk. Bankruptcy viewThe argument that expected bankruptcy costs preclude firms from being financed entirely Base probability of lossThe probability of not achieving a portfolio expected return. Basic business strategieskey strategies a firm intends to pursue in carrying out its business plan. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |