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charge-back system |
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Definition of charge-back systemcharge-back systema system using transfer prices; see transfer
Related Terms:Accelerated cost recovery system (ACRS)Schedule of depreciation rates allowed for tax purposes. Accounting systemA set of accounts that summarize the transactions of a business that have been recorded on source documents. actual cost systema valuation method that uses actual direct Asset-Backed SecuritiesBond or note secured by assets of company. Asset-backed securityA security that is collateralized by loans, leases, receivables, or installment contracts Automated storage/retrieval systemA racking system using automated systems 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 business intelligence (BI) systema formal process for gathering and analyzing information and producing intelligence to meet decision making needs; requires information about Buy-backAnother term for a repo. Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value Contingent deferred sales charge (CDSC)The formal name for the load of a back-end load fund. cost control systema logical structure of formal and/or informal cost management system (CMS)a set of formal methods 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 Du Pont systemA breakdown of ROE and ROA into component ratios. Dupont system of financial controlHighlights the fact that return on assets (ROA) can be expressed in terms Electronic Federal Tax Payment Systems (EFTPS)An electronic funds transfer system used by businesses to remit taxes to the government. enterprise resource planning (ERP) systema packaged software program that allows a company to Enterprise resource planning systemA computer system used to manage all company 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. European Monetary System (EMS)An exchange arrangement formed in 1979 that involves the currencies Federal Reserve SystemThe central bank of the U.S., established in 1913, and governed by the Federal Federal Reserve SystemThe central banking authority responsible for monetary policy in the United States. FeedbackThe retrospective process of measuring performance, comparing it with plan and taking corrective action. Fixed-charge coverage ratioA measure of a firm's ability to meet its fixed-charge obligations: the ratio of Fixed Charge Coverage RatioA measure of how well a company is able to meet its fixed flexible manufacturing system (FMS)a production system in which a single factory manufactures numerous variations Floating Chargecharge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets. hybrid costing systema costing system combining characteristics Imputation tax systemArrangement by which investors who receive a dividend also receive a tax credit for Interac systemCanada's bank machine and electronic debit system. If you use your bank card at a bank machine which displays the Interac symbol (and that bank machine is not your bank's machine), you will be charged a fee. job order costing systema system of product costing used Just-in-time inventory systemssystems that schedule materials/inventory to arrive exactly as they are just-in-time manufacturing systema production system that attempts to acquire components and produce inventory only as needed, to minimize product defects, and to Limitation on sale-and-leasebackA bond covenant that restricts in some way a firm's ability to enter into lock-box systemsystem whereby customers send payments to a post office box and a local bank collects and processes checks. 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 MACRS (Modified Accelerated Cost Recovery System)A depreciation method created by the IRS under the Tax Reform Act of 1986. Companies must use it to depreciate all plant and equipment assets installed after December 31, 1986 (for tax purposes). management control system (MCS)an information system that helps managers gather information about actual organizational occurrences, make comparisons against plans, management information system (MIS)a structure of interrelated elements that collects, organizes, and communicates Modified Accelerated Cost Recovery System (MACRS)Depreciation method that allows higher tax deductions in early years and lower deductions later. Mortgage-backed securitiesSecurities backed by a pool of mortgage loans. Mortgage-Backed Securities Clearing CorporationA wholly owned subsidiary of the Midwest Stock Multirule systemA technical trading strategy that combines mechanical rules, such as the CRISMA Noncash chargeA cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow. Nonsystematic riskNonmarket or firm-specific risk factors that can be eliminated by diversification. Also Normal backwardation theoryHolds that the futures price will be bid down to a level below the expected normal cost systema valuation method that uses actual Overdraft Systemsystem whereby a depositor may write cheques in excess of the balance, with the bank automatically extending a loan to cover the shortage. PaybackThe length of time it takes to recover the initial cost of a project, without regard to the time value of money. PaybackA method of investment appraisal that calculates the number of years taken for the cash flows from an investment to cover the initial capital outlay. PaybackThe length of time required for the net revenues of an investment for the net revenues of an investment to return the cost of the investment. Payback methodA capital budgeting analysis method that calculates the amount of Payback PeriodThe number of years necessary for the net cash flows of an payback periodthe time it takes an investor to recoup an payback periodTime until cash flows recover the initial investment of the project. performance management systema system reflecting the entire package of decisions regarding performance measurement and evaluation Periodic inventory systemAn inventory system in which the balance in the Inventory account is adjusted for the units sold only at the end of the period. Perpetual inventory systemAn inventory system in which the balance in the Inventory account is adjusted for the units sold each time a sale is made. Planning, programming and budgeting system (PPBS)A method of budgeting in which budgets are allocated to projects or programmes rather than to responsibility centres. Plowback rateRelated: retention rate. plowback ratioFraction of earnings retained by the firm. PLUS systemA bank machine network outside Canada, across the U.S. and internationally. Customers who use a bank machine with a 'PLUS' symbol may be charged a fee. Price SystemSee market mechanism. process costing systema method of accumulating and assigning costs to units of production in companies producing large quantities of homogeneous products; Progressive tax systemA tax system wherein the average tax rate increases for some increases in income but pull systema production system dictated by product sales Pull systemA materials flow concept in which parts are only withdrawn after a push systemthe traditional production system in which Push systemA materials flow concept in which parts are issued based on planned red-line systeman inventory ordering system in which a red Redemption chargeThe commission charged by a mutual fund when redeeming shares. For example, a 2% responsibility accounting systeman accounting information system for successively higher-level managers about the performance of segments or subunits under the control Restructuring ChargeA special, nonrecurring charge taken in conjunction with a consolidation Restructuring ChargesCosts associated with restructuring activities, including the consolidation and/or relocation of operations or the disposition or abandonment of operations or productive assets. Sale and lease-backSale of an existing asset to a financial institution that then leases it back to the user. Sale and LeasebackAn agreement in which the owner of a property sells that property to a person or institution and then leases it back again for an agreed period and rental. Sales chargeThe fee charged by a mutual fund when purchasing shares, usually payable as a commission to Special ChargesNonrecurring losses or expenses resulting from transactions or events which, Split-rate tax systemA tax system that taxes retained earnings at a higher rate than earnings that are standard cost systema valuation method that uses predetermined Stripped mortgage-backed securities (SMBSs)Securities that redistribute the cash flows from the Surrender ChargeExpense charges applied when the owner of a policy surrenders a policy for its cash value. Swap buy-backThe sale of an interest rate swap by one counterparty to the other, effectively ending the swap. SystematicCommon to all businesses. Systematic riskAlso called undiversifiable risk or market risk, the minimum level of risk that can be Systematic RiskThe amount of total risk that cannot be eliminated by portfolio Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |