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Definition of Dependent
Acceptance of a capital budgeting project contingent on the acceptance of another project.
an unknown variable that is to be predicted
This is a provincial government licensed independent businessperson who usually represents five or more life insurance companies in a sales and service capacity and who is paid a commission by those life insurance companies for sales and service of life insurance products. We for example, have been in business for 12 years and regularly place new business with over twenty different life insurance companies.
A project whose acceptance or rejection is independent of the acceptance or rejection of
an investment project that has no specific
A situation where an increase (or decrease) in the benefits of one
a variable that, when changed, will
An option whose value depends on the sequence of prices of the underlying asset
A test used to determine the status of an employee under a state unemployment
A right of shareholders in a merger to demand the payment of a fair price for their shares, as
This is the person who benefits from the terms of a trust, a will, an RRSP, a RRIF, a LIF, an annuity or a life insurance policy. In relation to RRSP's, RRIF's, LIF's, Annuities and of course life insurance, if the beneficiary is a spouse, parent, offspring or grand-child, they are considered to be a preferred beneficiary. If the insured has named a preferred beneficiary, the death benefit is invariably protected from creditors. There have been some court challenges of this right of protection but so far they have been unsuccessful. See "Creditor Protection" below. A beneficiary under the age of 18 must be represented by an individual guardian over the age of 18 or a public official who represents minors generally. A policy owner may, in the designation of a beneficiary, appoint someone to act as trustee for a minor. Death benefits are not subject to income taxes. If you make your beneficiary your estate, the death benefit will be included in your assets for probate. Probate filing fees are currently $14 per thousand of estate value in British Columbia and $15 per thousand of estate value in Ontario.
A measure of the goodness of fit of the relationship between the dependent and
An obligation that is dependent on the occurrence or nonoccurrence of
compensation that is dependent on the
An insurance program designed to provide funds for insured's dependents upon death of the insured, and to also conserve, as much as possible, the personal assets that the insured wants to bequeath to heirs.
Corporate financial statements that have been reported on by an external independent accountant.
Fiat Money is paper currency made legal tender by law or fiat. It is not backed by gold or silver and is not necessarily redeemable in coin. This practice has had widespread use for about the last 70 years. If governments produce too much of it, there is a loss of confidence. Even so, governments print it routinely when they need it. The value of fiat money is dependent upon the performance of the economy of the country which issued it. Canada's currency falls into this category.
Flexible Spending Account
A form of cafeteria plan allowing employees to pay
The law of averages. The average outcome for many independent trials of an experiment
An independent third party that may act as a mediator during negotiations.
Payment of a financial obligation later than is expected or required, as in lead and lag. Also, the number
least squares regression analysis
a statistical technique that investigates the association between dependent and independent variables; it determines the line of "best fit" for a set of observations by minimizing the sum of the squares
The amount of money that a willing buyer pays to acquire something from a willing seller,
materials requirements planning (MRP)
a computerbased information system that simulates the ordering and
The estimated relationship between a dependent variable and more than one explanatory variable.
a statistical technique that uses two or
Ordinary least squares (OLS)
regression analysis a statistical technique that minimizes the sum of the squared deviations between a dependent variable and one or more independent variables and provides the user
Panel on Audit Effectiveness
A special committee of the Public Oversight Board that was created
This is the person who owns a life insurance policy. This is usually the insured person, but it may also be a relative of the insured, a partnership or a corporation. There are instances in marriage breakup (or relationship breakup with dependent children) where appropriate life insurance on the support provider, owned and paid for by the ex-spouse receiving the support is an acceptable method of ensuring future security.
Public Oversight Board
An independent private-sector body that oversees the audit practices
Warehouse operated by an independent warehouse company on its own premises.
R squared (R^2)
Square of the correlation coefficient proportion of the variability explained by the linear
Theory that stock price changes from day to day are at random; the changes are independent
An equation that describes the average relationship between a dependent variable and a
any line that goes through the means (or averages) of the set of observations for an independent variable and its dependent variables; mathematically, there is a line of “best fit,” which is the least squares regression line
An arrangement whereby a firm leases its own equipment, such as IBM leasing its own
The property that portfolio choice can be separated into two independent tasks: 1)
The value of an investment to an individual is not dependent on consumption
Simple linear regression
A regression analysis between only two variables, one dependent and the other explanatory.
a statistical technique that uses only one independent variable to predict a dependent variable
A company can create an independent company from an existing part of the company by selling or
Also known as the National Commission on Fraudulent Financial
Value additivity principal
Prevails when the value of a whole group of assets exactly equals the sum of the
Variable life insurance policy
A whole life insurance policy that provides a death benefit dependent on the
This is a legal document detailing how you want your assets to be distributed upon your death. You may also stipulate how you wish to be buried or who you would like to take care of any surviving dependent family members. In my opinion, it is very important to be quite specific about your wishes for the distribution of special assets such as the antique grandfather clock, the classic silver tea set or the antique piano. If you think that your beneficiaries may dispute how your things are to be distributed, consider stipulating that an auction be held in which all beneficiaries may bid on the item which they value and all moneys collected are then shared in the same manner in which you distributed your other liquid assets. Your might want to remember that a will is automatically revoked upon marriage unless the will specifically states that the will is made in contemplation of marriage.
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