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Definition of Controlled disbursement
A service that provides for a single presentation of checks each day (typically in
A foreign corporation whose voting stock is more than 50% owned
A decrease in book cash but no immediate change in bank cash, generated by checks
Technique that involves writing checks drawn on banks in remote locations so as to
A self-funding, self-hedged series of transactions that generally utilize mortgage
Legal document establishing a corporation and its structure and purpose.
Checks deposited by a company that have not yet been cleared.
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer's bank.
The negative float that is created between the time when you deposit a check in your account
The time that elapses between receipt of payment from a customer and the
A legal "person" that is separate and distinct from its owners. A corporation is allowed to own
A system of floating exchange rates in which the government occasionally intervenes to change
A U.S. corporation that receives a tax incentive for
Specialized banking institutions, authorized and chartered by the Federal Reserve Board
A federal institution that insures bank deposits.
The number of shares that are actively tradable in the market, excluding shares that are held by officers
floating rate bond.
Floating exchange rate
A country's decision to allow its currency value to freely change. The currency is not
General lien against a company's assets or against a particular class of assets.
The amount of securities believed to be available for immediate purchase, that is, in the
A guaranteed investment contract where the credit rating is tied to some variable
Floating-rate note (FRN)
Note whose interest payment varies with short-term interest rates.
In an interest rate swap, the counterparty who pays a rate based on a reference rate,
Preferred stock paying dividends that vary with short-term interest rates.
Foreign banking market
That portion of domestic bank loans supplied to foreigners for use abroad.
A bond issued on the domestic capital market of anther company.
Foreign bond market
That portion of the domestic bond market that represents issues floated by foreign
Foreign currency option
An option that conveys the right to buy or sell a specified amount of foreign
Foreign currency translation
The process of restating foreign currency accounts of subsidiaries into the
Foreign direct investment (FDI)
The acquisition abroad of physical assets such as plant and equipment, with
Foreign equity market
That portion of the domestic equity market that represents issues floated by foreign companies.
Currency from another country.
Foreign exchange controls
Various forms of controls imposed by a government on the purchase/sale of
Foreign exchange dealer
A firm or individual that buys foreign exchange from one party and then sells it to
Foreign exchange risk
The risk that a long or short position in a foreign currency might have to be closed out
Foreign exchange swap
An agreement to exchange stipulated amounts of one currency for another currency
Part of a nation's internal market, representing the mechanisms for issuing and trading
Foreign market beta
A measure of foreign market risk that is derived from the capital asset pricing model.
Foreign Sales Corporation (FSC)
A special type of corporation created by the Tax Reform Act of 1984 that
Foreign tax credit
Home country credit against domestic income tax for foreign taxes paid on foreign
Freddie Mac (Federal Home Loan Mortgage Corporation)
A Congressionally chartered corporation that
An exchange rate system characterized by the absence of government intervention. Also known as
Inverse floating rate note
A variable rate security whose coupon rate increases as a benchmark interest rate declines.
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
Refers to the part of the collection and disbursement process where checks are trapped in the postal system.
Also known as "dirty" float, this is a system of floating exchange rates with central bank
Mortgage-Backed Securities Clearing Corporation
A wholly owned subsidiary of the Midwest Stock
A firm that operates in more than one country.
Sum of disbursement float and collection float.
Company-written checks that have not yet cleared.
Pension Benefit Guaranty Corporation (PBGC)
A federal agency that insures the vested benefits of
A type of corporation permitted under the U.S. tax code whereby a branch operation
Private Export Funding Corporation (PEFCO)
Company that mobilizes private capital for financing the
Foreign Corrupt Practices Act (FCPA)
a law passed by U.S. Congress in 1977 that makes it illegal for a U.S. company to engage in various “questionable” foreign payments and
A legal entity, organized under state laws, whose investors purchase
Checks already deposited that have not yet been cleared.
Business owned by stockholders who are not personally
Security paying dividends or interest that vary with short-term interest rates.
Difference between payment float and availability float.
Checks written by a company that have not yet cleared.
A flexible exchange rate system in which the government does not intervene.
A flexible exchange rate system in which the government intervenes.
Floating Exchange Rate
See flexible exchange rate.
The currency of a foreign country.
Foreign Exchange Market
A worldwide market in which one country's currency is bought or sold in exchange for another country's currency.
Foreign Exchange Reserves
A fund containing the central bank's holdings of foreign currency or claims thereon.
Preferred Stock Stock that has a claim on assets and dividends of a corporation that are prior
to that of common stock. Preferred stock typically does not carry the right to vote.
Canadian Deposit Insurance Corporation
Better known as CDIC, this is an organization which insures qualifying deposits and GICs at savings institutions, mainly banks and trust companys, which belong to the CDIC for amounts up to $60,000 and for terms of up to five years. Many types of deposits are not insured, such as mortgage-backed deposits, annuities of duration of more than five years, and mutual funds.
Charge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
Floating Interest Rate
A rate that fluctuates with general market condition.
Process by which a company receives its Articles of Incorporation allowing it to operate as a corporation.
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