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Definition of Consignor
A party shipping goods to a consignee. The consignee then makes an effort to sell
The change in the value of a firm's foreign currency denominated accounts due to a
Earnings of a firm as reported on its income statement.
Total liabilities exceed total assets. A firm with a negative net worth is insolvent on
The ease and quickness with which assets can be converted to cash.
Money owed to suppliers.
Money owed by customers.
The ratio of net credit sales to average accounts receivable, a measure of how
An arrangement whereby a security issue is canceled if the underwriter is unable
The average project earnings after taxes and depreciation divided by the average
The weighted-average age of all of the firm's outstanding invoices.
A method of securities distribution/ underwriting in which the securities firm agrees to sell
A contract for privately placed debt.
An agreement signed by the original United Nations members in 1944 that
Net result of public and private international investment and lending activities.
An agreement to invest cash in a project to the extent required to cover any cash
A transaction in which the seller's intention is to reduce or eliminate a long position in a stock,
An undertaking either (1) to complete a project such that it meets certain specified
A single centralized account into which funds collected at regional locations
An understanding between a company and the host government that specifies the
Conditional sales contracts
Similar to equipment trust certificates except that the lender is either the
Contingent deferred sales charge (CDSC)
The formal name for the load of a back-end load fund.
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
Cumulative Translation Adjustment (CTA) account
An entry in a translated balance sheet in which gains
Net flow of goods, services, and unilateral transactions (gifts) between countries.
Days' sales in inventory ratio
The average number of days' worth of sales that is held in inventory.
Days' sales outstanding
Average collection period.
accounts over which an individual or organization, other than the person in whose
Domestic International Sales Corporation (DISC)
A U.S. corporation that receives a tax incentive for
agreement between two countries that taxes paid abroad can be offset against
Equity contribution agreement
An agreement to contribute equity to a project under certain specified
Firm commitment underwriting
An undewriting in which an investment banking firm commits to buy the
Fiscal agency agreement
An alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as an
Foreign Sales Corporation (FSC)
A special type of corporation created by the Tax Reform Act of 1984 that
Forward rate agreement (FRA)
agreement to borrow or lend at a specified future date at an interest rate
A method for hedging price risk which involves an agreement between a lender and an investor
Generally Accepted Accounting Principals (GAAP)
A technical accounting term that encompasses the
The sale of an asset in exchange for a specified series of payments (the installments).
Interest rate agreement
An agreement whereby one party, for an upfront premium, agrees to compensate the
Special accounts where you can save and invest, and the taxes are deferred Until money
An agreement between two or more firms to share risk and financing responsibility in
Limitation on merger, consolidation, or sale
A bond covenant that restricts in some way a firm's ability to
Limitation on sale-and-leaseback
A bond covenant that restricts in some way a firm's ability to enter into
Margin account (Stocks)
A leverageable account in which stocks can be purchased for a combination of
Money market demand account
An account that pays interest based on short-term interest rates.
Situation in which the terms of an offering are determined by negotiation between the issuer
A contract for privately placed debt.
An account carried by one futures commission merchant with another futures commission
Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt,
A transaction in which the seller's intention is to create or increase a short position in a given
Also called the option writer , the party who grants a right to trade a security at a given price in
Preferred stock agreement
A contract for preferred stock.
Price/sales ratio (PS Ratio)
Determined by dividing current stock price by revenue per share (adjusted for stock splits).
Rights of individuals and companies to own and utilize property as they see fit and to receive
Method of accounting for a merger in which the acquirer is treated as having purchased
As used in connection with project financing, an agreement to purchase a specific
Purchase and sale
A method of securities distribution in which the securities firm purchases the securities
Raw material supply agreement
As used in connection with project financing, an agreement to furnish a
Regulatory accounting procedures
accounting principals required by the FHLB that allow S&Ls to elect
One who receives the principal of a trust when it is dissolved.
The length of time remaining Until a bond's maturity.
Remaining principal balance
The amount of principal dollars remaining to be paid under the mortgage as of
An agreement with a commitment by the seller (dealer) to buy a security back from
Revolving credit agreement
A legal commitment wherein a bank promises to lend a customer up to a
Sale and lease-back
sale of an existing asset to a financial institution that then leases it back to the user.
The fee charged by a mutual fund when purchasing shares, usually payable as a commission to
A key input to a firm's financial planning process. External sales forecasts are based on
An arrangement whereby a firm leases its own equipment, such as IBM leasing its own
Related: short hedge.
Sell limit order
Conditional trading order that indicates that a, security may be sold at the designated price or
All banks involved in selling or marketing a new issue of stock or bonds
If an investor thinks the price of a stock is going down, the investor could borrow the stock from
Also called a Wall Street analyst, a financial analyst who works for a brokerage firm and
The property that portfolio choice can be separated into two independent tasks: 1)
selling a security that the seller does not own but is committed to repurchasing eventually. It is
Establishing a market position by selling a security one does not own in anticipation of the price
A revision to the Bretton Woods international monetary system which was signed at
In a rights issue, agreement that the underwriter will purchase any stock not purchased by investors.
Contracts where the bidding firm in a takeover attempt agrees to limit its holdings
Statement of Financial Accounting Standards No. 8
This is a currency translation standard previously in
Statement of Financial Accounting Standards No. 52
This is the currency translation standard currently
A method for hedging price risk that utilizes debt-market instruments, such as interest rate
Also called a swap assignment, a transaction that ends one counterparty's role in an interest rate
account in which the bank takes all of the excess available funds at the close of each business
Tax clawback agreement
An agreement to contribute as equity to a project the value of all previously
Terms of sale
Conditions on which a firm proposes to sell its goods services for cash or credit.
An agreement to put a specified amount of product per period through a particular
Time until expiration
The time remaining Until a financial contract expires. Also called time to maturity.
An agreement to put a specified amount of raw material per period through a particular
Treasury tax and loan account at a bank.
Underfunded pension plan
A pension plan that has a negative surplus (i.e., liabilities exceed assets).
The mirror image of the asset substitution problem, wherein stockholders refuse
The asset that an option gives the option holder the right to buy or to sell.
Options: the security subject to being purchased or sold upon exercise of an option
When a security is expected to appreciate at a slower rate than the overall market.
Issue of securities below their market value.
To guarantee, as to guarantee the issuer of securities a specified price by entering into a purchase
A party that guarantees the proceeds to the firm from a security sale, thereby in effect taking
Acting as the underwriter in a purchase and sale.
The portion of the gross underwriting spread that compensates the securities firms that
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