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Financial Terms | |
Bill of exchange |
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Definition of Bill of exchangeBill of exchangeGeneral term for a document demanding payment.
Related Terms:Bankers AcceptancesA bill of exchange, or draft, drawn by the borrower for payment on a specified date, and accepted by a chartered bank. Upon acceptance, the bill becomes, in effect, a postdated certified cheque. American Stock Exchange (AMEX)The second-largest stock exchange in the United States. It trades Bill and Hold PracticesProducts that have been sold with an explicit agreement that delivery Bill of ladingA contract between the exporter and a transportation company in which the latter agrees to Bill of materialsA listing of all the materials and quantities that go to make up a completed product. bill of materialsa document that contains information about Bill of materialsAn itemization of the parts and subassemblies required to create a ![]() Bill of materials (BOM)A listing of all parts and subassemblies required to produce one Breeder bill of materialsA bill of material that accounts for the generation and Cash management billVery short maturity bills that the Treasury occasionally sells because its cash Chicago Mercantile Exchange (CME)A not-for-profit corporation owned by its members. Its primary Commodities Exchange Center (CEC)The location of five New York futures exchanges: Commodity Convertible exchangeable preferred stockConvertible preferred stock that may be exchanged, at the Cost Plus Estimated Earnings in Excess of BillingsRevenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts Due billAn instrument evidencing the obligation of a seller to deliver securities sold to the buyer. Effective Exchange RateThe weighted average of several exchange rates, where the weights are determined by the extent of our trade done with each country. Equation of ExchangeThe quantity theory equation Mv = PQ. ExchangeThe marketplace in which shares, options and futures on stocks, bonds, commodities and indices Exchange controlsGovernmental restrictions on the purchase of foreign currencies by domestic citizens or Exchange of assetsAcquisition of another company by purchase of its assets in exchange for cash or stock. Exchange of stockAcquisition of another company by purchase of its stock in exchange for cash or shares. Exchange offerAn offer by the firm to give one security, such as a bond or preferred stock, in exchange for Exchange rateThe price of one country's currency expressed in another country's currency. exchange rateAmount of one currency needed to purchase one unit of another. Exchange Rate Mechanism (ERM)The methodology by which members of the EMS maintain their Exchange Rate, NominalThe price of one currency in terms of another, in this book defined as number of units of foreign currency per dollar. Exchange Rate, RealThe nominal exchange rate corrected for price level differences. Exchange rate riskAlso called currency risk, the risk of an investment's value changing because of currency Exchange riskThe variability of a firm's value that results from unexpected exchange rate changes or the Exchangeable SecuritySecurity that grants the security holder the right to exchange the security for the expectations theory of exchange ratesTheory that expected spot exchange rate equals the forward rate. Fixed-exchange rateA country's decision to tie the value of its currency to another country's currency, gold Fixed Exchange RateAn exchange rate held constant by a government promise to buy or sell dollars at the fixed rate on the foreign exchange market. Flexible Exchange RateAn exchange rate whose value is determined by the forces of supply and demand on the foreign exchange market. Floating exchange rateA country's decision to allow its currency value to freely change. The currency is not Floating Exchange RateSee flexible exchange rate. Foreign exchangeCurrency from another country. Foreign ExchangeThe currency of a foreign country. Foreign exchange controlsVarious forms of controls imposed by a government on the purchase/sale of Foreign exchange dealerA firm or individual that buys foreign exchange from one party and then sells it to Foreign Exchange MarketA worldwide market in which one country's currency is bought or sold in exchange for another country's currency. Foreign Exchange ReservesA fund containing the central bank's holdings of foreign currency or claims thereon. Foreign exchange riskThe risk that a long or short position in a foreign currency might have to be closed out Foreign exchange swapAn agreement to exchange stipulated amounts of one currency for another currency Forward Exchange MarketA market in which foreign exchange can be bought or sold for delivery (and payment) at some specified future date but at a price agreed upon now. Forward exchange rateexchange rate fixed today for exchanging currency at some future date. forward rate of exchangeexchange rate for a forward transaction. Gold exchange standardA system of fixing exchange rates adopted in the Bretton Woods agreement. It Historical exchange rateAn accounting term that refers to the exchange rate in effect when an asset or Indented bill of materialA bill of material reporting format under which successively Invoice billingbilling system in which the invoices are sent off at the time of customer orders are all separate London International Financial Futures Exchange (LIFFE)A London exchange where Eurodollar futures London International Financial Futures Exchange (LIFFE)London exchange where Eurodollar futures as well as futures-style options are traded. Matrix bill of materialA bill of materials chart listing the bills for similar products, Medium of ExchangeAny item that can be commonly exchanged for goods and services. Modular bill of materialA bill of material format in which components and subassemblies Multilevel bill of materialAn itemization of all bill of material components, including New York Stock Exchange (NYSE)Also known as the Big Board or The Exhange. More than 2,00 common Nominal exchange rateThe actual foreign exchange quotation in contrast to the real exchange rate that has online bill paymentThe electronic payment of a bill via the Internet. The specified amount of the bill is electronically debited from your account. Organized exchangeA securities marketplace wherein purchasers and sellers regularly gather to trade Phantom bill of materialA bill of materials for a subassembly that is not normally Philadelphia Stock Exchange (PHLX)A securities exchange where American and European foreign Real Exchange Rateexchange rate adjusted for relative price levels. Real exchange ratesexchange rates that have been adjusted for the inflation differential between two countries. Realizable Revenue A revenue transaction where assets received in exchange for goods andservices are readily convertible into known amounts of cash or claims to cash. Repair bill of materialA special bill itemizing changes needed to refurbish an Securities and Exchange Commission (SEC)The federal agency that Securities and Exchange Commission (SEC)Federal agency responsible for regulation of securities markets in the United Securities and Exchange Commission (SEC)A federal agency that administers securities legislation, Securities & Exchange CommissionThe SEC is a federal agency that regulates the U.S.financial markets. SIMEX (Singapore International Monetary Exchange)A leading futures and options exchange in Singapore. Single-level bill of materialA list of all components used in a parent item. Spot exchange ratesexchange rate on currency for immediate delivery. Related: forward exchange rate. spot rate of exchangeexchange rate for an immediate transaction. Statement billingbilling method in which the sales for a period such as a month (for which a customer also Stock exchangesFormal organizations, approved and regulated by the Securities and exchange Commission Summarized bill of materialsA bill of materials format showing the grand total T-billSee Treasury bill. Tax anticipation bills (TABs)Special bills that the Treasury occasionally issues that mature on corporate The ExchangeA nickname for the New York stock exchange. Also known as the Big Board. More than Treasury billShort-term U.S. government security issued at a discount from Treasury BillA short-term (less than one year) government discount bond. Treasury BillShort-term government security. Treasury billsDebt obligations of the U.S. Treasury that have maturities of one year or less. Maturities for Tbills U.S. Treasury billU.S. government debt with a maturity of less than a year. Unbilled Accounts ReceivableRevenue recognized under the percentage-of-completion Merchant bankA British term for a bank that specializes not in lending out its own funds, but in providing qualified investments (Canada)Qualified investments is the term used for investments that can be held in an RSP. These investments generally include: Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |