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Financial Terms | |
Domestic International Sales Corporation (DISC) |
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Definition of Domestic International Sales Corporation (DISC)Domestic International Sales Corporation (DISC)A U.S. corporation that receives a tax incentive for
Related Terms:Accretion (of a discount)In portfolio accounting, a straight-line accumulation of capital gains on discount ad hoc discounta price concession made under competitive pressure (real or imagined) that does not relate to quantity purchased ADF (annuity discount factor)the present value of a finite stream of cash flows for every beginning $1 of cash flow. Articles of incorporationLegal document establishing a corporation and its structure and purpose. Bank discount basisA convention used for quoting bids and offers for treasury bills in terms of annualized Bank for International Settlements (BIS)An international bank headquartered in Basel, Switzerland, which Canadian Deposit Insurance CorporationBetter 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. ![]() Cash discountAn incentive offered to purchasers of a firm's product for payment within a specified time Conditional sales contractsSimilar to equipment trust certificates except that the lender is either the constant-growth dividend discount modelVersion of the dividend discount model in which dividends grow at a constant rate. Contingent deferred sales charge (CDSC)The formal name for the load of a back-end load fund. Continuous DiscountingThe process of calculating the present value of a stream of future Controlled foreign corporation (CFC)A foreign corporation whose voting stock is more than 50% owned CorporationA legal "person" that is separate and distinct from its owners. A corporation is allowed to own CorporationA legal entity, organized under state laws, whose investors purchase corporationBusiness owned by stockholders who are not personally Cost of salesThe manufacture or purchase price of goods sold in a period or the cost of providing a service. Days' sales in inventory ratioThe average number of days' worth of sales that is held in inventory. Days' sales outstandingAverage collection period. Deep-discount bondA bond issued with a very low coupon or no coupon and selling at a price far below par Differential disclosureThe practice of reporting conflicting or markedly different information in official Disclaimer of opinionAn auditor's statement disclaiming any opinion regarding the company's financial DisclosureAdditional information attached to a company’s financial statements, usually Discontinued operationA business segment that has been or is planned to be closed or sold off. Discontinued OperationsNet income and the gain or loss on disposal of a business segment whose assets and operations are clearly distinguishable from the other assets and operations of an entity. DiscountReferring to the selling price of a bond, a price below its par value. Related: premium. DiscountThe percentage amount at which bonds sell below their par value. Also the percentage amount at which a currency sells on the forward market below its current rate on the spot market. Discount bondDebt sold for less than its principal value. If a discount bond pays no interest, it is called a Discount BondA bond with no coupons, priced below its face value; the return on this bond comes from the difference between its face value and its current price. Discount curveThe curve of discount rates vs. maturity dates for bonds. Discount factorPresent value of $1 received at a stated future date. discount factorPresent value of a $1 future payment. Discount periodThe period during which a customer can deduct the discount from the net amount of the bill discount ratethe rate of return on investment that would be required by a prudent investor to invest in an asset with a specific level risk. Also, a rate of return used to convert a monetary sum, payable or receivable in the future, into present value. Discount rateThe interest rate that the Federal Reserve charges a bank to borrow funds when a bank is Discount RateThe rate of interest used to calculate the present value of a stream discount ratethe rate of return used to discount future cash discount rateInterest rate used to compute present values of future cash flows. Discount RateThe interest rate at which the Fed is prepared to loan reserves to commercial banks. Discount RateA rate of return used to convert a monetary sum, payable or receivable in the future, into present value. Discount securitiesNon-interest-bearing money market instruments that are issued at a discount and Discount windowFacility provided by the Fed enabling member banks to borrow reserves against collateral Discount WindowThe Federal Reserve facility at which reserves are loaned to banks at the discount rate. Discounted basisSelling something on a discounted basis is selling below what its value will be at maturity, Discounted cash flowA technique that determines the present value of future cash Discounted Cash FlowTechniques for establishing the relative worth of a future investment by discounting (at a required rate of return) the expected net cash flows from the project. Discounted cash flow (DCF)Future cash flows multiplied by discount factors to obtain present values. Discounted cash flow (DCF)A method of investment appraisal that discounts future cash flows to present value using a discount rate, which is the risk-adjusted cost of capital. discounted cash flow (DCF)Refers to a capital investment analysis technique Discounted dividend model (DDM)A formula to estimate the intrinsic value of a firm by figuring the Discounted payback period ruleAn investment decision rule in which the cash flows are discounted at an DiscountingCalculating the present value of a future amount. The process is opposite to compounding. DiscountingThe process of calculating the present value of a stream of future discountingthe process of reducing future cash flows to present value amounts DiscountingCalculating the present value of a future payment. DiscountingThe process of finding the present value of a series of future cash flows. discounting is the reverse of compounding. Discounting of Accounts ReceivableShort-term financing in which accounts receivable are used as collateral to secure a loan. The lender does not buy the accounts receivable but simply uses them as collateral for the loan. Also called pledging of accounts receivable. Discouraged WorkerAn unemployed person who gives up looking for work and so is no longer counted as in the labor force. Discrete compoundingCompounding the time value of money for discrete time intervals. Discrete CompoundingThe process of adding interest to a principal plus interest amount discrete lossa reduction in units that occurs at a specific Discrete order pickingA picking method requiring the sequential completion of Discrete random variableA random variable that can take only a certain specified set of discrete possible Discretionary accountAccounts over which an individual or organization, other than the person in whose Discretionary cash flowCash flow that is available after the funding of all positive NPV capital investment discretionary costa cost that is periodically reviewed by a Discretionary PolicyA policy that is a conscious, considered response to each situation as it arises. Contrast with policy rule. Discriminant analysisA statistical process that links the probability of default to a specified set of financial ratios. dividend discount modelComputation of today’s stock price which states that share value equals the present value of all expected future dividends. Dividend discount model (DDM)A model for valuing the common stock of a company, based on the DLOC (discount for lack of control)an amount or percentage deducted from a pro rata share of the value of 100% of an equity interest in a business, to reflect the absence of some or all of the powers of control. DLOM (discount for lack of marketability)an amount or percentage deducted from an equity interest to reflect lack of marketability. Documented discount notesCommercial paper backed by normal bank lines plus a letter of credit from a Domestic marketPart of a nation's internal market representing the mechanisms for issuing and trading Edge corporationsSpecialized banking institutions, authorized and chartered by the Federal Reserve Board Federal Deposit Insurance Corporation (FDIC)A federal institution that insures bank deposits. Foreign Sales Corporation (FSC)A special type of corporation created by the Tax Reform Act of 1984 that Forward discountA currency trades at a forward discount when its forward price is lower than its spot price. fractional interest discountthe combined discounts for lack of control and marketability. g the constant growth rate in cash flows or net income used in the ADF, Gordon model, or present value factor. Freddie Mac (Federal Home Loan Mortgage Corporation)A Congressionally chartered corporation that Gross Domestic ProductTotal output of final goods and services produced within a country during a year. Gross domestic product (GDP)The market value of goods and services produced over time including the Gross salesThe total sales recorded prior to sales discounts and returns. IncorporationProcess by which a company receives its Articles of Incorporation allowing it to operate as a corporation. International Bank for Reconstruction and Development - IBRD or World Bankinternational Bank for Reconstruction and Development makes loans at nearly conventional terms to countries for projects of high International Banking Facility (IBF)international Banking Facility. A branch that an American bank International bondsA collective term that refers to global bonds, Eurobonds, and foreign bonds. International Depository Receipt (IDR)A receipt issued by a bank as evidence of ownership of one or more International diversificationThe attempt to reduce risk by investing in the more than one nation. By International finance subsidiaryA subsidiary incorporated in the U.S., usually in Delaware, whose sole International Fisher effectStates that the interest rate differential between two countries should be an international Fisher effectTheory that real interest rates in all countries should be equal, with differences in nominal rates reflecting differences in expected inflation. International fundA mutual fund that can invest only outside the United States. international fundA mutual fund that can invest in securities issued anywhere outside of Canada. International marketRelated: See external market. International Monetary FundAn organization founded in 1944 to oversee exchange arrangements of International Monetary Fund (IMF)Organization originally established to manage the postwar fixed exchange rate system. International Monetary Market (IMM)A division of the CME established in 1972 for trading financial International ReservesSee foreign exchange reserves. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |