![]() |
|
Financial Terms | |
downsizing |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: tax advisor, finance, payroll, credit, accounting, inventory control, inventory, investment, Also see related: condo, mortgage, homes, home buyer, credit, property, real estate, buy home, homebuyer, |
Definition of downsizingdownsizingany management action that reduces employment
Related Terms:Abusive Earnings ManagementThe use of various forms of gimmickry to distort a company's true financial performance in order to achieve a desired result. Abusive Earnings ManagementA characterization used by the Securities and Exchange activity-based management (ABM)a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received Adjusted Cash Flow Provided by Continuing OperationsCash flow provided by operating Asset/liability managementAlso called surplus management, the task of managing funds of a financial Blue-chip companyLarge and creditworthy company. Bottom-up equity management styleA management style that de-emphasizes the significance of economic ![]() Cash flow from operationsA firm's net cash inflow resulting directly from its regular operations CASH FLOWS FROM OPERATIONSA section on the cash-flow Stockholders’ equity statement that shows how much cash came into a company and how much went out during the normal course of business. Cash management billVery short maturity bills that the Treasury occasionally sells because its cash Cash transactionA transaction where exchange is immediate, as contrasted to a forward contract, which Certified Management Accountant (CMA)a professional designation in the area of management accounting that Collection fractionsThe percentage of a given month's sales collected during the month of sale and each Company AcquisitionsAssets acquired to create money. May include plant, machinery and equipment, shares of another company etc. company cost of capitalExpected rate of return demanded by investors in a company, determined by the average risk of the company’s assets and operations. Company-specific riskRelated: Unsystematic risk ![]() Companyspecific RiskSee asset-specific risk Competitive AdvantageThe strategies, skills, knowledge, resources or competencies that differentiate a business from its competitors. Competitive biddingA securities offering process in which securities firms submit competing bids to the Competitive offeringAn offering of securities through competitive bidding. Corporate financial managementThe application of financial principals within a corporation to create and Cost company arrangementArrangement whereby the shareholders of a project receive output free of cost management system (CMS)a set of formal methods CouponThe periodic interest payment made to the bondholders during the life of the bond. CouponDetachable certificate attached to a bond that shows the amount of couponThe interest payments paid to the bondholder. CouponThe annual interest payment associated with a bond. ![]() Coupon Bondany bond with a coupon. Contrast with discount bond. Coupon / CouponsThe periodic interest payment(s) made by the issuer of a bond Coupon datesThe dates when the coupons are paid. Typically a bond pays Coupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. Coupon paymentsA bond's interest payments. Coupon rateIn bonds, notes or other fixed income securities, the stated percentage rate of interest, usually Coupon RateThe rate of interest paid on a debt security. Generally stated on an Coupon rateThe nominal interest rate that the issuer promises to pay the coupon rateAnnual interest payment as a percentage of face value. Current couponA bond selling at or close to par, that is, a bond with a coupon close to the yields currently Current-coupon issuesRelated: Benchmark issues Cyclical UnemploymentUnemployment that increases when the economy enters a recession and decreases when the economy enters a boom. Demand Management PolicyFiscal or monetary policy designed to influence aggregate demand for goods and services. Depository Trust Company (DTC)DTC is a user-owned securities depository which accepts deposits of Direct-Response AdvertisingAdvertising designed to elicit sales to customers who can be 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. Dupont system of financial controlHighlights the fact that return on assets (ROA) can be expressed in terms Earnings ManagementThe active manipulation of earnings toward a predetermined target. Federal Unemployment Tax Act (FUTA)A federal Act requiring employers to pay a tax on the wages paid to their employees, which is then used to create a Finance CompanyCompany engaged in making loans to individuals or businesses. Unlike a bank, it does not receive deposits from the public. 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. Fractional Reserve BankingA banking system in which banks hold only a fraction of their outstanding deposits in cash or on deposit with the central bank. Frictional UnemploymentUnemployment associated with people changing jobs or quitting to search for new jobs. Full coupon bondA bond with a coupon equal to the going market rate, thereby, the bond is selling at par. Full EmploymentThe level of employment corresponding to the natural rate of unemployment. Full-Employment OutputThe level of output produced by the economy when operating at the natural rate of unemployment. Funds From Operations (FFO)Used by real estate and other investment trusts to define the cash flow from Going-private transactionsPublicly owned stock in a firm is replaced with complete equity ownership by a High-coupon bond refundingRefunding of a high-coupon bond with a new, lower coupon bond. Highly leveraged transaction (HLT)Bank loan to a highly leveraged firm. Holding companyA corporation that owns enough voting stock in another firm to control management and Income from Continuing OperationsAfter-tax net income before discontinued operations, Income statement (statement of operations)A statement showing the revenues, expenses, and income (the Institute of Management Accountants (IMA)an organization composed of individuals interested in the field of management accounting; it coordinates the Certified management Institutionally Induced UnemploymentUnemployment due to institutional phenomena such as the degree of labor force unionization, the level of discrimination, and government policies such as unemployment insurance programs, minimum wages, or regulations on business. Insurance CompanyA firm licensed to sell insurance to the public. Intercompany loanLoan made by one unit of a corporation to another unit of the same corporation. Intercompany transactionTransaction carried out between two units of the same corporation. Lag response of prepaymentsThere is typically a lag of about three months between the time the weighted Level-coupon bondBond with a stream of coupon payments that are the same throughout the life of the bond. limited liability companyan organizational form that is a hybrid of the corporate and partnership organizational Long coupons1) Bonds or notes with a long current maturity. Long coupons1) Bonds or notes with a long current maturity. Low-coupon bond refundingRefunding of a low coupon bond with a new, higher coupon bond. Managementmanagement refers to the individuals in an entity that have the authority and the responsibility to manage the entity. The positions of these individuals, and their titles, vary from one entity to another and, to some extent, from one country to another depending on the local laws and customs. Thus, when the context requires it, the term includes the board of directors or committees of the board which are designated to oversee certain matters (e.g., audit committee). Management accountingThe production of financial and non-financial information used in planning for the future; making decisions about products, services, prices and what costs to incur; and ensuring that plans are implemented and achieved. management accountinga discipline that includes almost Management Accounting Guidelines (MAGs)pronouncements of the Society of management Accountants of Management buyout (MBO)Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout (MBO)Acquisition of the firm by its own management in a leveraged buyout. Management/closely held sharesPercentage of shares held by persons closely related to a company, as management controlThis is difficult to define in a few words—indeed, an management control system (MCS)an information system that helps managers gather information about actual organizational occurrences, make comparisons against plans, management expense ratio (MER)The total expenses expressed as an annualized percentage of daily average net assets. MER does not include brokerage fees and commissions, which are also payable by the Fund. Management feeAn investment advisory fee charged by the financial advisor to a fund based on the fund's management feeThe fee paid to the fund’s manager for supervising the administration of the fund. management information system (MIS)a structure of interrelated elements that collects, organizes, and communicates management stylethe preference of a manager in how he/she interacts with other stakeholders in the organization; Money managementRelated: Investment management. Natural Rate of Unemployment (NRU)The level of unemployment characterizing the economy in long-run equilibrium, determined by the levels of frictional, structural, and institutionally induced unemployment. At this rate of unemployment, inflation should be constant, so it is sometimes called the nonaccelerating inflation rate of unemployment, or NAIRU. Net Cash after OperationsCash flow available for debt service—the payment of interest and principal on loans. Generally calculated as cash provided by operating activities before interest Noncompetitive bidIn a Treasury auction, bidding for a specific amount of securities at the price, whatever it open-book managementa philosophy about increasing a firm’s performance by involving all workers and by ensuring Open-Market OperationsBuying or selling of bonds by the central bank. Operational Earnings Managementmanagement actions taken in the effort to create stable operations flow documenta document listing all operations Overreaction hypothesisThe supposition that investors overreact to unanticipated news, resulting in Parent companyA company that retains control over one or more other companies. Pass-through coupon rateThe interest rate paid on a securitized pool of assets, which is less than the rate Passive investment managementBuying a well-diversified portfolio to represent a broad-based market Perfectly competitive financial marketsMarkets in which no trader has the power to change the price of performance management systema system reflecting the entire package of decisions regarding performance measurement and evaluation Picking transactionWithdrawing parts or subassemblies from stock in order to Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |