|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
In portfolio accounting, a straight-line accumulation of capital gains on discount
a price concession made under competitive pressure (real or imagined) that does not relate to quantity purchased
the present value of a finite stream of cash flows for every beginning $1 of cash flow.
Legal document establishing a corporation and its structure and purpose.
A convention used for quoting bids and offers for treasury bills in terms of annualized
An international bank headquartered in Basel, Switzerland, which
Better 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.
An incentive offered to purchasers of a firm's product for payment within a specified time
Similar to equipment trust certificates except that the lender is either the
Version of the dividend discount model in which dividends grow at a constant rate.
The formal name for the load of a back-end load fund.
The process of calculating the present value of a stream of future
A foreign corporation whose voting stock is more than 50% owned
A legal "person" that is separate and distinct from its owners. A corporation is allowed to own
A legal entity, organized under state laws, whose investors purchase
Business owned by stockholders who are not personally
Cost of sales
The manufacture or purchase price of goods sold in a period or the cost of providing a service.
Days' sales in inventory ratio
The average number of days' worth of sales that is held in inventory.
Days' sales outstanding
Average collection period.
A bond issued with a very low coupon or no coupon and selling at a price far below par
The practice of reporting conflicting or markedly different information in official
Disclaimer of opinion
An auditor's statement disclaiming any opinion regarding the company's financial
Additional information attached to a company’s financial statements, usually
A business segment that has been or is planned to be closed or sold off.
Net 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.
Referring to the selling price of a bond, a price below its par value. Related: premium.
The 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.
Debt sold for less than its principal value. If a discount bond pays no interest, it is called a
A 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.
The curve of discount rates vs. maturity dates for bonds.
Present value of $1 received at a stated future date.
Present value of a $1 future payment.
The period during which a customer can deduct the discount from the net amount of the bill
the 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.
The interest rate that the Federal Reserve charges a bank to borrow funds when a bank is
The rate of interest used to calculate the present value of a stream
the rate of return used to discount future cash
Interest rate used to compute present values of future cash flows.
The interest rate at which the Fed is prepared to loan reserves to commercial banks.
A rate of return used to convert a monetary sum, payable or receivable in the future, into present value.
Non-interest-bearing money market instruments that are issued at a discount and
Facility provided by the Fed enabling member banks to borrow reserves against collateral
The Federal Reserve facility at which reserves are loaned to banks at the discount rate.
Selling something on a discounted basis is selling below what its value will be at maturity,
Discounted cash flow
A technique that determines the present value of future cash
Discounted Cash Flow
Techniques 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 rule
An investment decision rule in which the cash flows are discounted at an
Calculating the present value of a future amount. The process is opposite to compounding.
The process of calculating the present value of a stream of future
the process of reducing future cash flows to present value amounts
Calculating the present value of a future payment.
The process of finding the present value of a series of future cash flows. discounting is the reverse of compounding.
Discounting of Accounts Receivable
Short-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.
An unemployed person who gives up looking for work and so is no longer counted as in the labor force.
Compounding the time value of money for discrete time intervals.
The process of adding interest to a principal plus interest amount
a reduction in units that occurs at a specific
Discrete order picking
A picking method requiring the sequential completion of
Discrete random variable
A random variable that can take only a certain specified set of discrete possible
Accounts over which an individual or organization, other than the person in whose
Discretionary cash flow
Cash flow that is available after the funding of all positive NPV capital investment
a cost that is periodically reviewed by a
A policy that is a conscious, considered response to each situation as it arises. Contrast with policy rule.
A statistical process that links the probability of default to a specified set of financial ratios.
dividend discount model
Computation 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 notes
Commercial paper backed by normal bank lines plus a letter of credit from a
Part of a nation's internal market representing the mechanisms for issuing and trading
Specialized 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
A currency trades at a forward discount when its forward price is lower than its spot price.
fractional interest discount
the 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 Product
Total 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
The total sales recorded prior to sales discounts and returns.
Process 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 Bank
international 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
A 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
The attempt to reduce risk by investing in the more than one nation. By
International finance subsidiary
A subsidiary incorporated in the U.S., usually in Delaware, whose sole
International Fisher effect
States that the interest rate differential between two countries should be an
international Fisher effect
Theory that real interest rates in all countries should be equal, with differences in nominal rates reflecting differences in expected inflation.
A mutual fund that can invest only outside the United States.
A mutual fund that can invest in securities issued anywhere outside of Canada.
Related: See external market.
International Monetary Fund
An 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
See foreign exchange reserves.
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