|EFT (electronic funds transfer)|
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Definition of EFT (electronic funds transfer)
EFT (electronic funds transfer)
funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g. a pre-authorized monthly bill payment, or a monthly loan or mortgage payment). A wire transfer is a form of eft.
Mutual funds that do not charge an upfront or back-end commission, but instead take out up to
The beta of a fund is determined as follows:
The measure of a fund's or stocks risk in relation to the market. A beta of 0.7 means
A transaction to move inventory from one storage bin to another.
Interest rate associated with borrowing money.
Check made out directly by a local bank to a particular firm or person.
Indicated yield represents return on a share of a mutual fund held over the past 12
any business activity that uses the Internet and World Wide Web to engage in financial transactions
The exchange of information electronically, directly from one firm's
the computer-to-computer transfer of information in virtual real time using standardized formats developed by the American National Standards Institute
The transfer of funds between bank accounts through the Automated
An electronic funds transfer system used by businesses to remit taxes to the government.
Investment funds established for the support of institutions such as colleges, private
Non-interest bearing deposits held in reserve for depository institutions at their district Federal
The market where banks can borrow or lend reserves, allowing banks temporarily
Federal funds rate
This is the interest rate that banks with excess reserves at a Federal Reserve district bank
Federal Funds Rate
The interest rate at which banks lend deposits at the Federal Reserve to one another overnight.
Forward Fed funds
Fed funds traded for future delivery.
Funds From Operations (FFO)
Used by real estate and other investment trusts to define the cash flow from
Mutual funds that seek long-term capital growth. This type of fund invests primarily in equity securities.
Mutual funds that seek regular income. This type of fund invests primarily in government, corporate and other types of bonds, debt securities, and other income producing securities and in certain circumstances can also hold common and preferred shares.
Mutual funds that aim to track the performance of a specific stock or bond index. This process is also referred to as indexing and passive management.
internally generated funds
Cash reinvested in the firm; depreciation plus earnings not paid out as dividends.
The movement of inventory from one company location to
Labour-Sponsored Venture Funds
Venture capital corporations established by labour unions. They function as other venture capital corporations but are subject to government regulation.
negotiated transfer price
an intracompany charge for goods
NSF (non-sufficient funds)
This appears on your statement if there are insufficient funds in your account to cover a cheque that you have written or a pre-authorized payment that you have already arranged. You will be charged a service fee for non-sufficient funds.
Official unrequited transfers
Include a variety of subsidies, military aid, voluntary cancellation of debt,
Preauthorized electronic debits (PADs)
Debits to its bank account in advance by the payer. The payer's
Private unrequited transfers
Refers to resident immigrant workers' remittances to their country of origin as
Mutual funds that seek to preserve capital. This type of fund invests primarily in short-term securities with an average term to maturity of one year or less, or in the case of money market funds, 90 days or less.
The capital invested in a business by the shareholders, including retained profits.
Cash flow available after payment of taxes in the project.
Term Fed Funds
Fed funds sold for a period of time longer than overnight.
ndividual or institution appointed by a company to look after the transfer of securities.
A grant or gift that is not payment for services rendered.
The price at which one unit of a firm sells goods or services to another unit of the same firm.
The price at which goods or services are bought and sold within divisions of the same organization, as opposed to an arm’s-length price at which sales may be made to an external customer.
an internal charge established for the exchange
The price at which one part of a company sells a product or service to
the time consumed by moving products or
Transferable put right
An option issued by the firm to its shareholders to sell the firm one share of its
The cost that a product accumulates during its tenure in another
Items in the current account of the balance of payments of a country's accounting books
An electronic transmission of money from one place to another. For example, you might request that your bank transfer money from your bank account in Vancouver to the account of a relative in Quebec City. To do this, you would provide the relative’s name and account number, as well as the address of the bank in Quebec City. Your bank would then "wire" the funds, which would usually arrive within a couple of days.
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