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Financial Terms | |
balanced scorecard (BSC) |
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Definition of balanced scorecard (BSC)balanced scorecard (BSC)an approach to performance
Related Terms:Balanced-Budget MultiplierThe multiplier associated with a change in government spending financed by an equal change in taxes. Balanced fundAn investment company that invests in stocks and bonds. The same as a balanced mutual fund. Balanced mutual fundThis is a fund that buys common stock, preferred stock and bonds. The same as a Balanced ScorecardA system of non-financial performance measurement that links innovation, customer and process measures to financial performance. Oversubscribed issueInvestors are not able to buy all of the shares or bonds they want, so underwriters must Oversubscription privilegeIn a rights issue, arrangement by which shareholders are given the right to apply Subscription pricePrice that the existing shareholders are allowed to pay for a share of stock in a rights offering. ![]() 12b-1 fundsMutual funds that do not charge an upfront or back-end commission, but instead take out up to Activity-based budgetingA method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing. activity-based budgeting (ABB)planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and Annual fund operating expensesFor investment companies, the management fee and "other expenses," Balanced mutual fundThis is a fund that buys common stock, preferred stock and bonds. The same as a Beta equation (Mutual Funds)The beta of a fund is determined as follows: Beta (Mutual Funds)The measure of a fund's or stocks risk in relation to the market. A beta of 0.7 means BudgetA detailed schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget. BudgetA plan expressed in monetary terms covering a future period of time and based on a defined ![]() budgeta financial plan for the future based on a single level BudgetA set of interlinked plans that quantitatively describe a company’s projected Budget cycleThe annual period over which budgets are prepared. Budget deficitThe amount by which government spending exceeds government revenues. Budget DeficitThe excess of government spending over tax receipts. budget manuala detailed set of documents that provides information budget slackan intentional underestimation of revenues budget variancethe difference between total actual overhead Budgetary controlThe process of ensuring that actual financial results are in line with targets – see variance budgeted costa planned expenditure budgetingthe process of formalizing plans and committing ![]() Capital budgetA firm's set of planned capital expenditures. capital budgetmanagement’s plan for investments in longterm capital budgetList of planned investment projects. Capital budgetingThe process of choosing the firm's long-term capital assets. capital budgetingRefers generally to analysis procedures for ranking Capital BudgetingThe process of ranking and selecting investment alternatives and capital budgetinga process of evaluating an entity’s proposed Capital budgetingThe series of steps one follows when justifying the decision to purchase capital budgeting decisionDecision as to which real assets the firm should acquire. Cash budgetA forecasted summary of a firm's expected cash inflows and cash outflows as well as its Closed-end fundAn investment company that sells shares like any other corporation and usually does not Consolidated Omnibus Budget Reconciliation Act (COBRA)A federal Act continuous budgetinga process in which there is a rolling Cost of fundsInterest rate associated with borrowing money. Dividend yield (Funds)Indicated yield represents return on a share of a mutual fund held over the past 12 EFT (electronic funds transfer)funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g. a pre-authorized monthly bill payment, or a monthly loan or mortgage payment). A wire transfer is a form of EFT. Employee stock fundA firm-sponsored program that enables employees to purchase shares of the firm's Endowment fundsInvestment funds established for the support of institutions such as colleges, private Equity multiplierTotal assets divided by total common stockholders' equity; the amount of total assets per Federal fundsNon-interest bearing deposits held in reserve for depository institutions at their district Federal Federal funds marketThe market where banks can borrow or lend reserves, allowing banks temporarily Federal funds rateThis is the interest rate that banks with excess reserves at a Federal Reserve district bank Federal Funds RateThe interest rate at which banks lend deposits at the Federal Reserve to one another overnight. financial budgeta plan that aggregates monetary details Flexible budgetA method of budgetary control that flexes, i.e. adjusts the original budget by applying standard flexible budgeta presentation of multiple budgets that Forward Fed fundsFed funds traded for future delivery. Fund familySet of funds with different investment objectives offered by one management company. In many Fundamental analysisSecurity analysis that seeks to detect misvalued securities by an analysis of the firm's fundamental analystsAnalysts who attempt to find under- or overvalued securities by analyzing fundamental information, such as earnings, asset values, and business prospects. Fundamental betaThe product of a statistical model to predict the fundamental risk of a security using not Fundamental descriptorsIn the model for calculating fundamental beta, ratios in risk indexes other than Funded debtDebt maturing after more than one year. funded debtDebt with more than 1 year remaining to maturity. Funding CostsThe price of obtaining capital, either borrowed or equity, with intent to carry on business operations. Funding ratioThe ratio of a pension plan's assets to its liabilities. Funding riskRelated: interest rate risk Funds From Operations (FFO)Used by real estate and other investment trusts to define the cash flow from Global fundA mutual fund that can invest anywhere in the world, including the U.S. growth fundsMutual funds that seek long-term capital growth. This type of fund invests primarily in equity securities. Hedge fundA fund that may employ a variety of techniques to enhance returns, such as both buying and High-coupon bond refundingRefunding of a high-coupon bond with a new, lower coupon bond. imposed budgeta budget developed by top management Income fundA mutual fund providing for liberal current income from investments. income fundsMutual funds that seek regular income. This type of fund invests primarily in government, corporate and other types of bonds, debt securities, and other income producing securities and in certain circumstances can also hold common and preferred shares. Incremental budgetA budget that takes the previous year as a base and adds (or deducts) a percentage to arrive at Index fundInvestment fund designed to match the returns on a stockmarket index. index fundsMutual funds that aim to track the performance of a specific stock or bond index. This process is also referred to as indexing and passive management. internally generated fundsCash reinvested in the firm; depreciation plus earnings not paid out as dividends. International fundA mutual fund that can invest only outside the United States. international fundA mutual fund that can invest in securities issued anywhere outside of Canada. International Monetary FundAn organization founded in 1944 to oversee exchange arrangements of International Monetary Fund (IMF)Organization originally established to manage the postwar fixed exchange rate system. Labour-Sponsored Venture FundsVenture capital corporations established by labour unions. They function as other venture capital corporations but are subject to government regulation. Liability funding strategiesInvestment strategies that select assets so that cash flows will equal or exceed Life Income FundCommonly known as a LIF, this is one of the options available to locked in Registered Pension Plan (RPP) holders for income payout as opposed to Registered Retirement Savings Plan (RRSP) holders choice of payout through Registered Retirement Income funds (RRIF). A LIF must be converted to a unisex annuity by the time the holder reaches age 80. Load fundA mutual fund with shares sold at a price including a large sales charge -- typically 4% to 8% of Low-coupon bond refundingRefunding of a low coupon bond with a new, higher coupon bond. master budgetthe comprehensive set of all budgetary schedules Match fundA bank is said to match fund a loan or other asset when it does so by buying (taking) a deposit of Money market fundA mutual fund that invests only in short term securities, such as bankers' acceptances, money market fundA type of mutual fund that invests primarily in short-term debt securities maturing in one year or less. These include treasury bills, bankers’ acceptances, commercial paper, discount notes and guaranteed investment certficates. Money MultiplierChange in the money supply per change in the money base. MultiplierChange in the equilibrium value of a variable of interest per change in a variable over which one has control. "The" multiplier is the change in equilibrium income per change in government spending. Mutual fundMutual funds are pools of money that are managed by an investment company. They offer mutual fundWhen you buy a mutual fund, you are pooling your money with that of other investors. An investment professional called a portfolio advisor takes that money and invests it for all the investors in a variety of different securities as determined by the investment objectives of the mutual fund. This gives you the benefit of diversification that is, being invested in many different investments at once. Mutual fund theoremA result associated with the CAPM, asserting that investors will choose to invest their Net advantage of refundingThe net present value of the savings from a refunding. No-load fundA mutual fund that does not impose a sales commission. Related: load fund No load mutual fundAn open-end investment company, shares of which are sold without a sales charge. NonrefundableNot permitted, under the terms of indenture, to be refundable. NSF (non-sufficient funds)This appears on your statement if there are insufficient funds in your account to cover a cheque that you have written or a pre-authorized payment that you have already arranged. You will be charged a service fee for non-sufficient funds. Objective (mutual fund)The fund's investment strategy category as stated in the prospectus. There are Open-end fundAlso called a mutual fund, an investment company that stands ready to sell new shares to the operating budgeta budget expressed in both units and dollars Overfunded pension planA pension plan that has a positive surplus (i.e., assets exceed liabilities). participatory budgeta budget that has been developed Pension FundAssets used to pay the pensions of retirees. An investment institution established to manage the assets used to pay the pensions of retirees. 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