|Contingent deferred sales charge (CDSC)|
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Definition of Contingent deferred sales charge (CDSC)
Contingent deferred sales charge (CDSC)
The formal name for the load of a back-end load fund.
a system using transfer prices; see transfer
Similar to equipment trust certificates except that the lender is either the
This is the person designated to receive the death benefit of a life insurance policy if the primary beneficiary dies before the life insured. This is a consideration when husband and wife make each other the beneficiary of their coverage. Should they both die in the same car accident or plane crash, the death benefits would go to each others estate and creditor claims could be made against them. Particularly if minor children could be survivors, then a trustee contingent beneficiary should be named.
A claim that can be made only if one or more specified outcomes occur.
An arrangement in which the money manager pursues an active bond portfolio
An obligation that is dependent on the occurrence or nonoccurrence of
This is the person designated to become the new owner of a life insurance policy if the original owner dies before the life insured.
compensation that is dependent on the
Under ERISA, the firm is liable to the plan participants for up to 39% of the net
The manufacture or purchase price of goods sold in a period or the cost of providing a service.
The average number of days' worth of sales that is held in inventory.
Average collection period.
Tax-advantaged life insurance product. deferred annuities offer deferral of taxes with the
An annuity providing for income payments to commence at a specified future time.
A provision that prohibits the company from calling the bond before a certain date. During this
pay related to current performance
A common term for convertible bonds because of their equity component and the
The most distant months of a futures contract. A bond that sells at a discount and does not
Deferred Income Tax Expense
That portion of the total income tax provision that is the result
Deferred nominal life annuity
A monthly fixed-dollar payment beginning at retirement age. It is nominal
Deferred Tax Asset
Future tax benefit that results from (1) the origination of a temporary difference
Deferred Tax Liability
Future tax obligation that results from the origination of a temporary
A non-cash expense that provides a source of free cash flow. Amount allocated during the
Domestic International Sales Corporation (DISC)
A U.S. corporation that receives a tax incentive for
EBDDT - Earnings before depreciation and deferred taxes
This measure is used principally by
Fixed-charge coverage ratio
A measure of a firm's ability to meet its fixed-charge obligations: the ratio of
Fixed Charge Coverage Ratio
A measure of how well a company is able to meet its fixed
charge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
Foreign Sales Corporation (FSC)
A special type of corporation created by the Tax Reform Act of 1984 that
The total sales recorded prior to sales discounts and returns.
Total revenue, less the cost of sales returns, allowances, and discounts.
NET SALES (revenue)
The amount sold after customers’ returns, sales discounts, and other allowances are taken away from
A cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow.
NUMBER OF DAYS SALES IN RECEIVABLES
(also called average collection period). The number of days of net sales that are tied up in credit sales (accounts receivable) that haven’t been collected yet.
percentage of sales models
Planning model in which sales forecasts are the driving variables and most other variables are
Price/sales ratio (PS Ratio)
Determined by dividing current stock price by revenue per share (adjusted for stock splits).
RATIO OF NET INCOME TO NET SALES
A ratio that shows how much net income (profit) a company made on each dollar of net sales. Here’s the formula:
RATIO OF NET SALES TO NET INCOME
A ratio that shows how much a company had to collect in net sales to make a dollar of profit. Figure it this way:
The commission charged by a mutual fund when redeeming shares. For example, a 2%
A special, nonrecurring charge taken in conjunction with a consolidation
Costs associated with restructuring activities, including the consolidation and/or relocation of operations or the disposition or abandonment of operations or productive assets.
return on sales
This ratio equals net income divided by sales revenue.
Amounts earned by the company from the sale of merchandise or services; often used interchangeably with the term revenue.
A reduction in a price that is allowed by the seller, due to a problem
The fee charged by a mutual fund when purchasing shares, usually payable as a commission to
A reduction in the price of a product or service that is offered by the
A contra account that offsets revenue. It represents the amount of the discounts for early payment allowed on sales.
A key input to a firm's financial planning process. External sales forecasts are based on
A journal used to record the transactions that result in a credit to sales.
The mix of product/services offered by the business, each of which may be aimed at different customers, with each product/service having different prices and costs.
the relative combination of quantities of sales of the various products that make up the total sales of a company
A contra account that offsets revenue. It represents the amount of sales made that were later returned.
Sales Revenue Revenue recognized from the sales of products as opposed to the provision of
A tax levied as a percentage of retail sales.
An arrangement whereby a firm leases its own equipment, such as IBM leasing its own
Lease accounting used by a manufacturer who is also a lessor. Up-front gross
Sales value at split-off
A cost allocation methodology that allocates joint costs to joint
sales value at split-off allocation
a method of assigning joint cost to joint products that uses the relative sales values of the products at the split-off point as the proration basis; use of this method requires that all joint products
Single-premium deferred annuity
An insurance policy bought by the sponsor of a pension plan for a single
Nonrecurring losses or expenses resulting from transactions or events which,
Expense charges applied when the owner of a policy surrenders a policy for its cash value.
current compensation that is taxed at a future date
Tax-deferred retirement plans
Employer-sponsored and other plans that allow contributions and earnings to
Brokerage house clerical operations that support, but do not include, the trading of stocks and
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