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Definition of Current issue
In Treasury securities, the most recently auctioned issue. Trading is more active in current
Related: Benchmark issues
Also called on-the-run or current coupon issues or bellwether issues. In the secondary
The acceptable Treasury security with the highest implied repo rate; the rate that a
Net flow of goods, services, and unilateral transactions (gifts) between countries.
Value of cash, accounts receivable, inventories, marketable securities and other assets that
A bond selling at or close to par, that is, a bond with a coupon close to the yields currently
Amount owed for salaries, interest, accounts payable and other debts due within 1 year.
current time to maturity on an outstanding debt instrument.
Under this currency translation method, all foreign currency balance-sheet and income
Indicator of short-term debt paying ability. Determined by dividing current assets by current
For bonds or notes, the coupon rate divided by the market price of the bond.
Eurobonds that pay coupon interest in one currency but pay the principal in a different
Securities sold in the Euromarket. That is, securities initially sold to investors
A particular financial asset.
Issued share capital
Total amount of shares that are in issue. Related: outstanding shares.
An entity that issues a financial asset.
Under the GNMA-II program, pools formed through the aggregation of individual
The market in which a new issue of securities is first sold to investors.
Original issue discount debt (OID debt)
Debt that is initially offered at a price below par.
Other current assets
Value of non-cash assets, including prepaid expenses and accounts receivable, due
Investors are not able to buy all of the shares or bonds they want, so underwriters must
Presold issue An issue
that is sold out before the coupon announcement.
Reopen an issue
The Treasury, when it wants to sell additional securities, will occasionally sell more of an
issue of a security for which there is an existing market. Related: Unseasoned issue.
Seasoned new issue
A new issue of stock after the company's securities have previously been issued. A
1) Procedure for selling blocks of seasoned issues of stocks.
Small issues exemption
Securities issues that involve less than $1.5 million are not required to file a
Specific issues market
The market in which dealers reverse in securities they wish to short.
issue of a security for which there is no existing market. See: seasoned issue.
A security issue that has no unusual features.
Cash, things that will be converted into cash within a year (such as accounts receivable), and inventory.
Bills a company must pay within the next twelve months.
A ratio that shows how many times a company could pay its current debts if it used its current assets to pay them. The formula:
Amounts receivable by the business within a period of 12 months, including bank, debtors, inventory and prepayments.
Amounts due and payable by the business within a period of 12 months, e.g. bank overdraft, creditors and accruals.
The number of shares that the company has sold to the public.
current refers to cash and those assets that will be turned
current means that these liabilities require payment in
Calculated to assess the short-term solvency, or debt-paying
A measure of the ability of a company to use its current assets to
see simultaneous engineering
The date a security is first offered for sale. That date usually
Typically the cash, accounts receivable, and inventory accounts on the
Under target costing concepts, this is the cost that would be applied to a
This is typically the accounts payable, short-term notes payable, and
Stock that has been authorized for use, but which has not yet been
Annual coupon payments divided by bond price.
Shares that have been issued by the company.
issue of securities offered only to current stockholders.
That part of the balance of payments accounts that records demands for and supplies of a currency arising from activities that affect current income, namely imports, exports, investment income payments such as interest and dividends, and transfers such as gifts, pensions, and foreign aid.
A variable like GDP is measured in current dollars if each year's value is measured in prices prevailing during that year. In contrast, when measured in real or constant dollars, each year's value is measured in a base year's prices.
The percentage return on a financial asset based on the current price of the asset, without reference to any expected change in the price of the asset. This contrasts with yield-to-maturity, for which the calculation includes expected price changes. See also yield.
Current Tax Payment Act of 1943
A federal Act requiring employers to withhold income taxes from employee pay.
Current Income Tax Expense
That portion of the total income tax provision that is based on
Emerging Issues Task Force (EITF)
A special committee of the Financial Accounting Standards Board established to reach consensus of how to account for new and unusual financial transactions that have the potential for creating differing financial reporting practices.
Emerging Issues Task Force (EITF)
A separate committee within the Financial Accounting Standards Board composed of 13 members representing CPA firms and preparers of financial statements
A transaction used to record the reduction in inventory from a location,
Cash and other company assets that can be readily turned into cash within one year.
Debts or other obligations coming due within a year.
current assets divided by current liabilities. This ratio indicates the extent to which the claims of short-term creditors are covered by assets expected to be converted to cash in the near future.
When an item is approved and released for sale, or when a policy or sales contract is accepted.
Age of an insured as at the policy issue date, using "age nearest" next birthday formula.
Date on which a policy is approved.
1) Date by which a shareholder must officially own shares in order to be entitled to a dividend.
Issuance of "rights" to current shareholders allowing them to purchase additional shares,
Occurs when a firm issues new shares of stock but in turn lowers the current market price of its
TANs (tax anticipation notes)
Tax anticipation notes issued by states or municipalities to finance current
A security entitling the holder to buy a proportionate amount of stock at some specified future date
As the term dividend relates to a corporation's earnings, a dividend is an amount paid per share from a corporation's after tax profits. Depending on the type of share, it may or may not have the right to earn any dividends and corporations may reduce or even suspend dividend payments if they are not doing well. Some dividends are paid in the form of additional shares of the corporation. Dividends paid by Canadian corporations qualify for the dividend tax credit and are taxed at lower rates than other income.
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