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Definition of Back fee
The fee paid on the extension date if the buyer wishes to continue the option.
The retrospective process of measuring performance, comparing it with plan and taking corrective action.
The percent of a mutual fund's assets used to defray marketing and distribution expenses. The
Bond or note secured by assets of company.
A security that is collateralized by loans, leases, receivables, or installment contracts
The subsequent subtraction from inventory records of those parts used
Brokerage house clerical operations that support, but do not include, the trading of stocks and
This term refers to the simultaneous issue of a life annuity with a non-guaranteed period and a guaranteed life insurance policy [usually whole life or term to 100]. The face value of the life insurance would be the same amount that was used to purchase the annuity. This combination of life annuity providing the highest payout of all types of annuities, along with a guaranteed life insurance policy allowed an uninsurable person to convert his/her RRSP into the best choice of annuity and guarantee that upon his/her death, the full value of the annuity would be paid tax free through the life insurance policy to his family members. However, in the early 1990's, the Federal tax authorities put a stop to the issuing of standard life rates to rated or uninsurable applicants. Insuring a life annuity in this manner is still an excellent way to provide guaranteed tax free funds to family members but the application for the annuity and the application for the life insurance are separate transactions and today, most likely conducted through two different insurance companies so that there is no suspicion of preferential treatment given to the life insurance application.
An intercompany loan channeled through a bank.
A loan in which two companies in separate countries borrow each other's currency for a
1) When bond yields and prices fall, the market is said to back-up.
A procedure for making the effective date of a policy earlier than the application date. backdating is often used to make the age of the consumer at policy issue lower than it actually was in order to get a lower premium.
a streamlined cost accounting method that speeds up, simplifies, and reduces accounting effort in an environment that minimizes inventory balances, requires
A market condition in which futures prices are lower in the distant delivery months than in
Another term for a repo.
a system using transfer prices; see transfer
A fee paid to a commercial bank in return for its legal commitment to lend funds that have
Custodial fees Fees
charged by an institution that holds securities in safekeeping for an investor.
Discounted payback period rule
An investment decision rule in which the cash flows are discounted at an
With respect to a project financing, an arrangement under which the sponsors of a project
Refers to the investors percentage ownership of a company that can be re-acquired by the company, usually at a pre-determined amount.
A charge for services.
The process of determining prospectively whether strategies are likely to achieve the target
Front End Fees
fees paid when for example a financial instrument such as a loan is arranged.
The fee initially paid by the buyer upon entering a split-fee option contract.
Limitation on sale-and-leaseback
A bond covenant that restricts in some way a firm's ability to enter into
An option that allows the buyer to choose as the option strike price any price of the
The offsetting of a current year loss against the reported taxable
An investment advisory fee charged by the financial advisor to a fund based on the fund's
The fee paid to the fund’s manager for supervising the administration of the fund.
Securities backed by a pool of mortgage loans.
Mortgage-Backed Securities Clearing Corporation
A wholly owned subsidiary of the Midwest Stock
Normal backwardation theory
Holds that the futures price will be bid down to a level below the expected
The portion of total fees in a syndicated credit that go to the participating banks.
fee charged by a bank for taking part in providing a loan.
The length of time it takes to recover the initial cost of a project, without regard to the time value of money.
A method of investment appraisal that calculates the number of years taken for the cash flows from an investment to cover the initial capital outlay.
The length of time required for the net revenues of an investment for the net revenues of an investment to return the cost of the investment.
A capital budgeting analysis method that calculates the amount of
The number of years necessary for the net cash flows of an
the time it takes an investor to recoup an
Time until cash flows recover the initial investment of the project.
Related: retention rate.
Fraction of earnings retained by the firm.
This is an administrative fee which is part of most life insurance policies. It ranges from about $40 to as much as $100 per year per policy. It is not a separate fee. It is incorporated in the regular monthly, quarterly, semi-annual or annual payment that you make for your policy. Knowing about this hidden fee is important because some insurance companies offer a policy fee discount on additional policies purchased under certain conditions. Sometimes they reduce the policy fee or waive it altogether on one or more additional policies purchased at the same time and billed to the same address. The rules are slightly different depending on the insurance company. There could be enormous savings if several people in the same family or business were intending to purchase coverage at the same time.
Administrative charge included in a Policy Premium.
Sale and lease-back
Sale of an existing asset to a financial institution that then leases it back to the user.
Sale and Leaseback
An agreement in which the owner of a property sells that property to a person or institution and then leases it back again for an agreed period and rental.
An option on an option. The buyer generally executes the split fee with first an initial fee,
Amount paid to an underwriter who agrees to purchase any stock that is not subscribed to the
Stripped mortgage-backed securities (SMBSs)
Securities that redistribute the cash flows from the
The sale of an interest rate swap by one counterparty to the other, effectively ending the swap.
A fee paid to an underwriter in connection with an underwritten rights offering or an
Tax clawback agreement
An agreement to contribute as equity to a project the value of all previously
The portion of the gross underwriting spread that compensates the securities firms that
This is difficult to define in a few words—indeed, an
Ordinary least squares (OLS)
regression analysis a statistical technique that minimizes the sum of the squared deviations between a dependent variable and one or more independent variables and provides the user
If an investor thinks the price of a stock is going down, the investor could borrow the stock from
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