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Financial Terms | |
Component |
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Definition of ComponentComponentRaw materials or subassemblies used to make either finished goods
Related Terms:economic components modelAbrams’ model for calculating DLOM based on the interaction of discounts from four economic components. absorption costinga cost accumulation and reporting Accumulation binA location in which components destined for the shop floor are Adjusted Cash Flow Provided by Continuing OperationsCash flow provided by operating Annual PremiumYearly amount payable by a client for a policy or component. AverageAn arithmetic mean of selected stocks intended to represent the behavior of the market or some bill of materialsa document that contains information about ![]() contract manufactureran external party that has been granted an outsourcing contract to produce a part or component for an entity Cost of Common StockThe rate of return required by the investors in the common stock of Cost of DebtThe cost of debt (bonds, loans, etc.) that a company is charged for Cost of goods soldThe cost of merchandise that a company sold this year. For manufacturing companies, the cost of raw Cost of Preferred StockThe rate of return required by the investors in the preferred stock of Counterpart itemsIn the balance of payments, counterpart items are analogous to unrequited transfers in the Deferred equityA common term for convertible bonds because of their equity component and the Du Pont systemA breakdown of ROE and ROA into component ratios. Exante returnThe expected return of a portfolio based on the expected returns of its component assets and ExplodeThe multiplication of component requirements itemized on a bill of material Failure analysisThe examination of failure incidents to identify components Indented bill of materialA bill of material reporting format under which successively Item master fileA file containing all item-specific information about a component, Item numberA number uniquely identifying a product or component. just-in-time manufacturing systema production system that attempts to acquire components and produce inventory only as needed, to minimize product defects, and to kanbanthe Japanese word for card; it was the original name KitA group of components needed to assemble a finished product that has been Level payThe characteristic of the scheduled principal and interest payments due under a mortgage such that make-or-buy decisiona decision that compares the cost of Margin callA demand for additional funds because of adverse price movement. Maintenance margin mass customizationpersonalized production generally accomplished Matrix bill of materialA bill of materials chart listing the bills for similar products, MERCHANDISE INVENTORYThe value of the products that a retailing or wholesaling company intends to resell for a profit. mixed costa cost that has both a variable and a fixed component; 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 Outright rateActual forward rate expressed in dollars per currency unit, or vice versa. outsourcingthe use, by one company, of an external PartA specific component of a larger assembly. Part numberA number uniquely identifying a product or component. process costing systema method of accumulating and assigning costs to units of production in companies producing large quantities of homogeneous products; product complexityan assessment about the number of components in a product Quick assetAny asset that can be converted into cash on short notice. This is a subset Raw materials inventoryThe total cost of all component parts currently in stock that Requirements explosionThe component-level requirements for a production run, scattergrapha graph that plots all known activity observations Semi-variable costsCosts that have both fixed and variable components. Shelf life controlDeliberate usage of the oldest items first, in order to avoid exceeding Single-level bill of materialA list of all components used in a parent item. Stripped mortgage-backed securities (SMBSs)Securities that redistribute the cash flows from the Structured SettlementHistorically, damages paid out during settlement of personal physical injury cases were distributed in the form of a lump-sum cash payment to the plaintiff. This windfall was intended to provide for a lifetime of medical and income needs. The claimant or his/her family was then forced into the position of becoming the manager of a large sum of money. SubassemblyA group of assembled components used in the assembly of a higherlevel Summarized bill of materialsA bill of materials format showing the grand total Term life insuranceA contract that provides a death benefit but no cash build-up or investment component. Time value of an optionThe portion of an option's premium that is based on the amount of time remaining TraceabilityThe ability to track the components used in production through their transfer timethe time consumed by moving products or Universal lifeA whole life insurance product whose investment component pays a competitive interest rate Universal LifeAn unbundled Life product with a separate investment component. It typically does not participate in companies profits. Weighted Average Cost of Capital (WACC)The weighted average of the costs of the capital components Weighted Average Cost of Capital (WACC)A weighted average of the component costs of debt, preferred shares, and common equity. Also called the composite cost of capital. Where-used reportA report listing every product whose bill of material calls for Whole Lifecomponent that provides life coverage during the insured's life. Whole life insuranceA contract with both insurance and investment components: (1) It pays off a stated Working Capital CashThe cash component of working capital. Zero-investment portfolioA portfolio of zero net value established by buying and shorting component Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |