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Definition of Barter
A system of exchange in which one good is traded directly for another without the use of money.
The exchange of goods for other goods rather than for cash; barter.
An inflow of cash, accounts receivable, or barter from a customer in exchange
Net flow of goods (exports minus imports) between countries.
Related: Program trades.
A large trading order, defined on the New York Stock Exchange as an order that consists of
In the balance of payments, counterpart items are analogous to unrequited transfers in the
The parties to an interest rate swap.
on the other side of a trade or transaction.
The risk that the other party to an agreement will default. In an options contract, the risk
1) A bond in default trades flat; that is, the price quoted covers both principal and unpaid,
A member who generally trades only for his own account, for an account controlled by him or
A transaction in which the settlement will occur on a specified date in the future at a price
Bond issued by local government agencies on behalf of corporations.
trades that are the result of either a reallocation of wealth or an implementation of an
trades in which an investor believes he or she possesses pertinent
Over-the-counter market (OTC)
A decentralized market (as opposed to an exchange market) where
Prices after the decision to trade.
Prices occurring before or at the decision to trade.
Also called basket trades, orders requiring the execution of trades in a large number of
Publicly traded assets
Assets that can be traded in a public market, such as the stock market.
A member of the exchange who executes frequent trades for his or her own account.
A bond issued by a municipality to finance either a project or an enterprise where the issuer
A fund accounting for all revenues from an enterprise financed by a municipal revenue bond.
Entering the opposite side of a currently held futures position to close out the position.
The purchase and sale of a foreign currency, commodity, or other item for immediate delivery.
Terms of trade
The weighted average of a nation's export prices relative to its import prices.
Total sales and other revenue for the period shown. Known as "turnover" in the UK.
A verbal (or electronic) transaction involving one party buying a security from another party. Once a
Written demand that has been accepted by an industrial company to pay a given sum at a future date.
Credit granted by a firm to another firm for the purchase of goods or services.
In an interest rate swap, the date that the counterparties commit to the swap. Also, the date on
A draft addressed to a commercial enterprise. See:draft.
Trade on top of
trade at a narrow or no spread in basis points relative to some other bond yield, usually
A firm which deals in actual commodities.
Persons who take positions in securities and their derivatives with the objective of making profits.
NET SALES (revenue)
The amount sold after customers’ returns, sales discounts, and other allowances are taken away from
Money that has been paid by customers for work yet to be done or goods yet to be provided.
Operating expenses that vary in proportion to
the revenue resulting from an additional contemplated sale
North American Free Trade Agreement (NAFTA)
an agreement among Canada, Mexico, and the United States establishing the North American Free trade Zone, with a resulting reduction in trade barriers
a responsibility center for which a manager is accountable only for the generation of revenues and has no control over setting selling prices, or budgeting or incurring costs
World Trade Organization (WTO)
the arbiter of global trade that was created in 1995 under the General Agreement on Tariffs and trade; each signatory country has one
A payment from a customer that cannot yet be recognized as earned
Shares traded off an organized exchange.
Debt levels are chosen to balance interest tax shields against the costs of financial distress.
Balance of Merchandise Trade
The difference between exports and imports of goods.
Balance of Trade
See balance of merchandise trade.
Falling during expansions and rising during recessions. A countercyclical policy stimulates during a recession and contracts during an expansion.
The absence of any government restrictions, such as tariffs or quotas, on imports or exports.
Terms of Trade
The quantity of imports that can be obtained for a unit of exports, measured by the ratio of an export price index to an import price index.
Deficit on the balance of merchandise trade.
Internal Revenue Code
Refers to all federal tax laws as a group.
Internal Revenue Service
A federal agency empowered by Congress to interpret and enforce tax-related laws.
revenue recognized on a nonexistent sale or service transaction.
revenue recognized for a confirmed sale or service transaction in a period
Realizable Revenue A revenue transaction where assets received in exchange for goods and
services are readily convertible into known amounts of cash or claims to cash.
A revenue transaction where goods and services are exchanged for cash or
The act of recording revenue in the financial statements. revenue should
Sales Revenue Revenue recognized from the sales of products as opposed to the provision of
revenue recognized from the provision of services as opposed to the sale of
A term used for channel stuffing in the domestic tobacco industry.
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