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Dependent |
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Definition of DependentDependentAcceptance of a capital budgeting project contingent on the acceptance of another project.
Related Terms:dependent variablean unknown variable that is to be predicted Independent BrokerThis 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. Independent projectA project whose acceptance or rejection is independent of the acceptance or rejection of independent projectan investment project that has no specific Independent ProjectsA situation where an increase (or decrease) in the benefits of one independent variablea variable that, when changed, will Path dependent optionAn option whose value depends on the sequence of prices of the underlying asset ABC TestA test used to determine the status of an employee under a state unemployment Appraisal rightsA right of shareholders in a merger to demand the payment of a fair price for their shares, as BeneficiaryThis 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. Coefficient of determinationA measure of the goodness of fit of the relationship between the dependent and Contingent LiabilityAn obligation that is dependent on the occurrence or nonoccurrence of contingent paycompensation that is dependent on the Estate PlanningAn 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. External Financial StatementsCorporate financial statements that have been reported on by an external independent accountant. Fiat MoneyFiat 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 AccountA form of cafeteria plan allowing employees to pay Insurance principleThe law of averages. The average outcome for many independent trials of an experiment IntermediaryAn independent third party that may act as a mediator during negotiations. LagPayment of a financial obligation later than is expected or required, as in lead and lag. Also, the number least squares regression analysisa 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 Market pricesThe 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 Multiple regressionThe estimated relationship between a dependent variable and more than one explanatory variable. multiple regressiona 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 EffectivenessA special committee of the Public Oversight Board that was created PolicyholderThis 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 BoardAn independent private-sector body that oversees the audit practices Public warehouseWarehouse 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 Random walkTheory that stock price changes from day to day are at random; the changes are independent Regression equationAn equation that describes the average relationship between a dependent variable and a regression lineany 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 Sales-type leaseAn arrangement whereby a firm leases its own equipment, such as IBM leasing its own Separation propertyThe property that portfolio choice can be separated into two independent tasks: 1) Separation theoremThe value of an investment to an individual is not dependent on consumption Simple linear regressionA regression analysis between only two variables, one dependent and the other explanatory. simple regressiona statistical technique that uses only one independent variable to predict a dependent variable Spin-offA company can create an independent company from an existing part of the company by selling or Treadway CommissionAlso known as the National Commission on Fraudulent Financial Value additivity principalPrevails when the value of a whole group of assets exactly equals the sum of the Variable life insurance policyA whole life insurance policy that provides a death benefit dependent on the WillThis 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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