Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: investment, accounting, payroll, financial, stock trading, finance, business, inventory control,
Definition of Dollar duration
The product of modified duration and the initial price.
A method for restating financial statements by reducing or
See real dollars.
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.
Municipal revenue bonds for which quotes are given in dollar prices. Not to be confused with
A way of smoothing out your investment deposits by investing regularly. Instead of making one large deposit a year into your RRSP, you make smaller regular monthly deposits. If you are buying units in a mutual fund or segregated equity fund, you would end up buying more units in the month that values were low and less units in the month that values were higher. By spreading out your purchases, you don't have to worry about buying at the right time.
a measurement of the value of inventory for the time that inventory is held
Percentage of face value at which a bond is quoted.
The return realized on a portfolio for any evaluation period, including (1) the change in market
Similar to the reverse repurchase agreement - a simultaneous agreement to sell a security held in a
The dollar equivalent of the safety cushion for a portfolio in a contingent immunization
Also called the internal rate of return, the interest rate that will make the
A common gauge of the price sensitivity of an asset or portfolio to a change in interest rates.
The weighted average of the time until maturity of each of the
The expected life of a fixed-income security considering its coupon
The time it takes for a policy or annuity to reach maturity.
The duration calculated using the approximate duration formula for a bond with an
This is an American dollar that has been deposited in a European bank or an U.S. bank branch
Eurobonds denominated in U.S.dollars.
dollars held on deposit in a bank outside the United States.
Deposits denominated in U.S. dollars but held in banks located outside the United States, such as in Canada or France.
Conventional bonds for which the coupon rate is set as a fixed percentage of the par value.
A nonnegotiable debt security that can be redeemed at some fixed price or according to
The weighted-average term to maturity of the cash flows from the bond, where the
A widely used measure of price sensitivity to yield
The ratio of Macaulay duration to (1 + y), where y = the bond yield. Modified duration is
The Macaulay duration discounted by the per-period
A modification of standard duration to account for the impact on duration of MBSs of
A situation in which the price of the MBS moves in the same direction as interest rates.
The value of research services that brokerage houses supply to investment managers "free of
Split Dollar Life Insurance
The split dollar concept is usually associated with cash value life insurance where there is a death benefit and an accumulation of cash value. The basic premise is the sharing of the costs and benefits of a life insurance policy by two or more parties. Usually one party owns and pays for the insurance protection and the other owns and pays for the cash accumulation. There is no single way to structure a split dollar arrangement. The possible structures are limited only by the imagination of the parties involved.
Total dollar return
The dollar return on a nondollar investment, which includes the sum of any
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.