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bar code |
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Definition of bar codebar codea group of lines and spaces arranged in a special Bar codeInformation encoded into a series of bar and spaces of varying widths,
Related Terms:BarSlang for one million dollars. Barbell strategyA strategy in which the maturities of the securities included in the portfolio are concentrated Bargain-purchase-price optionGives the lessee the option to purchase the asset at a price below fair market BARRA's performance analysis (PERFAN)A method developed by barRA, a consulting firm in Barrier optionsContracts with trigger points that, when crossed, automatically generate buying or selling of BarterA system of exchange in which one good is traded directly for another without the use of money. ![]() Internal Revenue CodeRefers to all federal tax laws as a group. ABM (automated banking machine)A bank machine, sometimes referred to as an automated teller machine (ATM). 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 Asset-Backed SecuritiesBond or note secured by assets of company. Asset-backed securityA security that is collateralized by loans, leases, receivables, or installment contracts Asymmetric informationInformation that is known to some people but not to other people. At-the-moneyAn option is at-the-money if the strike price of the option is equal to the market price of the Average (across-day) measuresAn estimation of price that uses the average or representative price of a ![]() Back feeThe fee paid on the extension date if the buyer wishes to continue the option. Back flushThe subsequent subtraction from inventory records of those parts used Back officeBrokerage house clerical operations that support, but do not include, the trading of stocks and Back To Back AnnuityThis 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. Back-to-back financingAn intercompany loan channeled through a bank. Back-to-back loanA loan in which two companies in separate countries borrow each other's currency for a Back-up1) When bond yields and prices fall, the market is said to back-up. BackdatingA 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. backflush costinga streamlined cost accounting method that speeds up, simplifies, and reduces accounting effort in an environment that minimizes inventory balances, requires BackwardationA market condition in which futures prices are lower in the distant delivery months than in Barbell strategyA strategy in which the maturities of the securities included in the portfolio are concentrated ![]() Bargain-purchase-price optionGives the lessee the option to purchase the asset at a price below fair market BARRA's performance analysis (PERFAN)A method developed by barRA, a consulting firm in Barrier optionsContracts with trigger points that, when crossed, automatically generate buying or selling of BarterA system of exchange in which one good is traded directly for another without the use of money. Bull spreadA spread strategy in which an investor buys an out-of-the-money put option, financing it by Buy-backAnother term for a repo. Call money rateAlso called the broker loan rate , the interest rate that banks charge brokers to finance Capital flightThe transfer of capital abroad in response to fears of political risk. charge-back systema system using transfer prices; see transfer ComponentRaw materials or subassemblies used to make either finished goods Conflict between bondholders and stockholdersThese two groups may have interests in a corporation that Constant dollarsSee real dollars. Credible signalA signal that provides accurate Information; a signal that can be distinguish among senders. Credit spreadRelated:Quality spread Current DollarsA variable like GDP is measured in current dollars if each year's value is measured in prices prevailing during that year. In contrast, when measured in real or constant dollars, each year's value is measured in a base year's prices. databits of knowledge or facts that have not been summarized data mininga form of analysis in which statistical techniques Discounted payback period ruleAn investment decision rule in which the cash flows are discounted at an Dividend clawbackWith respect to a project financing, an arrangement under which the sponsors of a project Dow Jones industrial averageThis is the best known U.S.index of stocks. It contains 30 stocks that trade on Dow Jones Industrial AverageIndex of the investment performance of a portfolio of 30 “blue-chip” stocks. economic components modelAbrams’ model for calculating DLOM based on the interaction of discounts from four economic components. Effective spreadThe gross underwriting spread adjusted for the impact of the announcement of the common Electronic data interchange (EDI)The exchange of Information electronically, directly from one firm's electronic data interchange (EDI)the computer-to-computer transfer of Information in virtual real time using standardized formats developed by the American National Standards Institute Equity Buy-BackRefers to the investors percentage ownership of a company that can be re-acquired by the company, usually at a pre-determined amount. Euro lineslines of credit granted by banks (foreign or foreign branches of U.S. banks) for Eurocurrencies. eurodollarsdollars held on deposit in a bank outside the United States. EurodollarsDeposits denominated in U.S. dollars but held in banks located outside the United States, such as in Canada or France. European Monetary System (EMS)An exchange arrangement formed in 1979 that involves the currencies Expected value of perfect informationThe expected value if the future uncertain outcomes could be known Extra or special dividendsA dividend that is paid in addition to a firm's "regular" quarterly dividend. FeedbackThe retrospective process of measuring performance, comparing it with plan and taking corrective action. Fiat MoneyFiat Money is paper currency made legal tender by law or fiat. It is not backed by gold or silver and is not necessarily redeemable in coin. This practice has had widespread use for about the last 70 years. If governments produce too much of it, there is a loss of confidence. Even so, governments print it routinely when they need it. The value of fiat money is dependent upon the performance of the economy of the country which issued it. Canada's currency falls into this category. Flight to qualityThe tendency of investors to move towards safer, government bonds during periods of high Future-Oriented Financial InformationInformation about prospective results of operations, financial position and/or changes in financial position, based on assumptions about future economic conditions and courses of action. Future-oriented financial Information is presented as either a forecast or a projection. Gross spreadThe fraction of the gross proceeds of an underwritten securities offering that is paid as Group Life InsuranceThis is a very common form of life insurance which is found in employee benefit plans and bank mortgage insurance. In employee benefit plans the form of this insurance is usually one year renewable term insurance. The cost of this coverage is based on the average age of everyone in the group. Therefore a group of young people would have inexpensive rates and an older group would have more expensive rates. Group of five (G5/G-5) The five leading countries (France, Germany, Japan, United Kingdom, and the U.S.) that Group of seven (G7/G-7)The G-5 countries plus Canada and Italy. Group rotation managerA top-down manager who infers the phases of the business cycle and allocates High-Powered MoneySee money base. Horizontal spreadThe simultaneous purchase and sale of two options that differ only in their exercise date. Hot moneyMoney that moves across country borders in response to interest rate differences and that moves In-the-moneyA put option that has a strike price higher than the underlying futures price, or a call option informationbits of knowledge or fact that have been carefully Information asymmetryA situation involving Information that is known to some, but not all, participants. Information Coefficient (IC)The correlation between predicted and actual stock returns, sometimes used to Information-content effectThe rise in the stock price following the dividend signal. information content of dividendsDividend increases send good news about cash flow and earnings. Dividend cuts send bad news. Information costsTransaction costs that include the assessment of the investment merits of a financial asset. Information-motivated tradesTrades in which an investor believes he or she possesses pertinent Information servicesOrganizations that furnish investment and other types of Information, such as Informational efficiencyThe speed and accuracy with which prices reflect new Information. Informationless tradesTrades that are the result of either a reallocation of wealth or an implementation of an Insider informationRelevant Information about a company that has not yet been made public. It is illegal for Intermarket spread swapsAn exchange of one bond for another based on the manager's projection of a 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. International Monetary Market (IMM)A division of the CME established in 1972 for trading financial Intramarket sector spreadThe spread between two issues of the same maturity within a market sector. For Law of one priceAn economic rule stating that a given security must have the same price regardless of the law of one priceTheory that prices of goods in all countries should be equal when translated to a common currency. Limitation on sale-and-leasebackA bond covenant that restricts in some way a firm's ability to enter into Lookback optionAn option that allows the buyer to choose as the option strike price any price of the Loss carrybackThe offsetting of a current year loss against the reported taxable MachineryThe cost of machinery owned by the company. Make-readySee set-up. Management Accounting Guidelines (MAGs)pronouncements of the Society of Management Accountants of management information system (MIS)a structure of interrelated elements that collects, organizes, and communicates Maturity spreadThe spread between any two maturity sectors of the bond market. Medical Information BureauThis organization was established in 1902. The Medical Information Bureau (M.I.B.) is a non-profit association of life insurance companies. Its purpose is to detect and deter fraud by providing warnings called, alerts, to member companies. For example, if an insurance applicant advised one insurance company of a heart attack and then applied to another insurance company omitting this history, codes, reported by the first insurance company, indicating a heart attack would alert the second insurance company to the undisclosed history. It is a rarity, however, that the alert is the only notice of a specific medical impairement as most applicants completely disclose their history. MonetarismSchool of economic thought stressing the importance of the money supply in the economy. Adherents believe that the economy is inherently stable, so that policy is best undertaken through adoption of a policy rule. Monetarist RuleProposal that the money supply be increased at a steady rate equal approximately to the real rate of growth of the economy. Contrast with discretionary policy. Monetary AggregateAny measure of the economy's money supply. Monetary BaseSee money base. Monetary goldGold held by governmental authorities as a financial asset. Monetary / non-monetary methodUnder this translation method, monetary items (e.g. cash, accounts Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |