|balanced scorecard (BSC)
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Definition of balanced scorecard (BSC)
balanced scorecard (BSC)
an approach to performance
An investment company that invests in stocks and bonds. The same as a balanced mutual fund.
This is a fund that buys common stock, preferred stock and bonds. The same as a
Investors are not able to buy all of the shares or bonds they want, so underwriters must
In a rights issue, arrangement by which shareholders are given the right to apply
Price that the existing shareholders are allowed to pay for a share of stock in a rights offering.
A system of non-financial performance measurement that links innovation, customer and process measures to financial performance.
The multiplier associated with a change in government spending financed by an equal change in taxes.
The measure of a fund's or stocks risk in relation to the market. A beta of 0.7 means
The beta of a fund is determined as follows:
mutual funds are pools of money that are managed by an investment company. They offer
A result associated with the CAPM, asserting that investors will choose to invest their
An open-end investment company, shares of which are sold without a sales charge.
The fund's investment strategy category as stated in the prospectus. There are
When 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.
For investment companies, the management fee and "other expenses,"
An investment company that sells shares like any other corporation and usually does not
Cost of funds
Interest rate associated with borrowing money.
Dividend yield (Funds)
Indicated yield represents return on a share of a mutual fund held over the past 12
Employee stock fund
A firm-sponsored program that enables employees to purchase shares of the firm's
Investment funds established for the support of institutions such as colleges, private
Non-interest bearing deposits held in reserve for depository institutions at their district Federal
Federal funds market
The market where banks can borrow or lend reserves, allowing banks temporarily
Federal funds rate
This is the interest rate that banks with excess reserves at a Federal Reserve district bank
Forward Fed funds
Fed funds traded for future delivery.
Set of funds with different investment objectives offered by one management company. In many
Security analysis that seeks to detect misvalued securities by an analysis of the firm's
The product of a statistical model to predict the fundamental risk of a security using not
In the model for calculating fundamental beta, ratios in risk indexes other than
Debt maturing after more than one year.
The ratio of a pension plan's assets to its liabilities.
Related: interest rate risk
Funds From Operations (FFO)
Used by real estate and other investment trusts to define the cash flow from
A mutual fund that can invest anywhere in the world, including the U.S.
A fund that may employ a variety of techniques to enhance returns, such as both buying and
High-coupon bond refunding
Refunding of a high-coupon bond with a new, lower coupon bond.
A mutual fund providing for liberal current income from investments.
Investment fund designed to match the returns on a stockmarket index.
A mutual fund that can invest only outside the United States.
International Monetary Fund
An organization founded in 1944 to oversee exchange arrangements of
Liability funding strategies
Investment strategies that select assets so that cash flows will equal or exceed
A mutual fund with shares sold at a price including a large sales charge -- typically 4% to 8% of
Low-coupon bond refunding
Refunding of a low coupon bond with a new, higher coupon bond.
A bank is said to match fund a loan or other asset when it does so by buying (taking) a deposit of
Money market fund
A mutual fund that invests only in short term securities, such as bankers' acceptances,
A system, such as the arrangement between the CME and SIMEX, which allows trading
Mutually exclusive investment decisions
Investment decisions in which the acceptance of a project
Net advantage of refunding
The net present value of the savings from a refunding.
A mutual fund that does not impose a sales commission. Related: load fund
Not permitted, under the terms of indenture, to be refundable.
Also called a mutual fund, an investment company that stands ready to sell new shares to the
Overfunded pension plan
A pension plan that has a positive surplus (i.e., assets exceed liabilities).
Private Export Funding Corporation (PEFCO)
Company that mobilizes private capital for financing the
Resembles a sinking fund except that money is used only to purchase bonds if they are selling
Pure index fund
A portfolio that is managed so as to perfectly replicate the performance of the market portfolio.
Eligible for refunding under the terms of indenture.
Also called a prerefunded bond, one that originally may have been issued as a general
The redemption of a bond with proceeds received from issuing lower-cost debt obligations
A mutual fund that invests in a specific geographical area overseas, such as Asia or Europe.
A fund accounting for all revenues from an enterprise financed by a municipal revenue bond.
Single country fund
A mutual fund that invests in individual countries outside the United States.
Sinking fund requirement
A condition included in some corporate bond indentures that requires the issuer to
Stopping curve refunding rate
A refunding rate that falls on the stopping curve.
Cash flow available after payment of taxes in the project.
Term Fed Funds
Fed funds sold for a period of time longer than overnight.
mutual funds that do not charge an upfront or back-end commission, but instead take out up to
Two-fund separation theorem
The theoretical result that all investors will hold a combination of the riskfree
Underfunded pension plan
A pension plan that has a negative surplus (i.e., liabilities exceed assets).
Debt maturing within one year (short-term debt). See: funded debt.
The capital invested in a business by the shareholders, including retained profits.
mutually exclusive projects
a set of proposed capital projects from which one is chosen, causing all the others to be rejected
mutually inclusive projects
a set of proposed capital projects that are all related and that must all be chosen if the primary project is chosen
Analysts who attempt to find under- or overvalued securities by analyzing fundamental information, such as earnings, asset values, and business prospects.
Debt with more than 1 year remaining to maturity.
internally generated funds
Cash reinvested in the firm; depreciation plus earnings not paid out as dividends.
mutually exclusive projects
Two or more projects that cannot be pursued simultaneously.
fund established to retire debt before maturity.
Federal Funds Rate
The interest rate at which banks lend deposits at the Federal Reserve to one another overnight.
International Monetary Fund (IMF)
Organization originally established to manage the postwar fixed exchange rate system.
Life Income Fund
Commonly 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.
Registered Retirement Income Fund (Canada)
Commonly referred to as a RRIF, this is one of the options available to RRSP holders to convert their tax sheltered savings into taxable income.
Sometimes called seg funds, segregated funds are the life insurance industry equivalent to a mutual fund with some differences.The term "mutual fund" is often used generically, to cover a wide variety of funds where the investment capital from a large number of investors is "pooled" together and invested into specific stocks, bonds, mortgages, etc.
The price of obtaining capital, either borrowed or equity, with intent to carry on business operations.
Labour-Sponsored Venture Funds
Venture capital corporations established by labour unions. They function as other venture capital corporations but are subject to government regulation.
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.
mutual funds that seek long-term capital growth. This type of fund invests primarily in equity securities.
mutual 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.
mutual 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.
A mutual fund that can invest in securities issued anywhere outside of Canada.
money market fund
A type of mutual fund that invests primarily in short-term debt securities maturing in one year or less. These include treasury bills, bankersâ€™ acceptances, commercial paper, discount notes and guaranteed investment certficates.
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.
mutual funds that seek to preserve capital. This type of fund invests primarily in short-term securities with an average term to maturity of one year or less, or in the case of money market funds, 90 days or less.
Assets used to pay the pensions of retirees. An investment institution established to manage the assets used to pay the pensions of retirees.
A pool of assets held by the insurer, to back a specific liability to a policyholder. Segregated funds flucuate in value depending on the market value of a specific group of assets the company must maintain separately.
A measure of selection risk (also known as residual risk) of a mutual fund in relation to the market. A
The average time to maturity of securities held by a mutual fund. Changes in interest rates
Brokerage house clerical operations that support, but do not include, the trading of stocks and
Performance over time, rated on a scale of 1-10.1 indicates that a mutual fund's return was in the
Difference from S&P
A mutual fund's return minus the change in the Standard & Poors 500 Index for the
The process of completing an order to buy or sell securities. Once a trade is executed, it is reported
The percentage of the assets that were spent to run a mutual fund (as of the last annual
Organizations that invest, including insurance companies, depository institutions,
For mutual funds, the amount required to open a new account (Minimum Initial
Net asset value (NAV)
The value of a fund's investments. For a mutual fund, the net asset value per share
In mutual funds, the ability to transfer shares between funds in the same family by
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