|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.
Beta (Mutual Funds)
The measure of a fund's or stocks risk in relation to the market. A beta of 0.7 means
Beta equation (Mutual Funds)
The beta of a fund is determined as follows:
Cost of funds
Interest rate associated with borrowing money.
Depository transfer check (DTC)
Check made out directly by a local bank to a particular firm or person.
Dividend yield (Funds)
Indicated yield represents return on a share of a mutual fund held over the past 12
Electronic data interchange (EDI)
The exchange of information electronically, directly from one firm's
Electronic depository transfers
The transfer of funds between bank accounts through the Automated
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
Federal funds market
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
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
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
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.
The price at which one unit of a firm sells goods or services to another unit of the same firm.
Transferable put right
An option issued by the firm to its shareholders to sell the firm one share of its
Mutual funds that do not charge an upfront or back-end commission, but instead take out up to
Items in the current account of the balance of payments of a country's accounting books
The capital invested in a business by the shareholders, including retained profits.
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.
e-commerce (electronic commerce)
any business activity that uses the Internet and World Wide Web to engage in financial transactions
electronic data interchange (EDI)
the computer-to-computer transfer of information in virtual real time using standardized formats developed by the American National Standards Institute
negotiated transfer price
an intracompany charge for goods
an internal charge established for the exchange
the time consumed by moving products or
The price at which one part of a company sells a product or service to
The cost that a product accumulates during its tenure in another
internally generated funds
Cash reinvested in the firm; depreciation plus earnings not paid out as dividends.
Federal Funds Rate
The interest rate at which banks lend deposits at the Federal Reserve to one another overnight.
A grant or gift that is not payment for services rendered.
Electronic Federal Tax Payment Systems (EFTPS)
An electronic funds transfer system used by businesses to remit taxes to the government.
A transaction to move inventory from one storage bin to another.
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.
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.
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.
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.
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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