|Eligible bankers' acceptances|
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Definition of Eligible bankers' acceptances
Eligible bankers' acceptances
In the BA market, an acceptance may be referred to as eligible because it is
A bill of exchange, or draft, drawn by the borrower for payment on a specified date, and accepted by a chartered bank. Upon acceptance, the bill becomes, in effect, a postdated certified cheque.
The option of terminating an investment earlier than originally planned.
A BAnk machine, sometimes referred to as an automated teller machine (ATM).
the maximum limit for the number of defects or errors in a process
In portfolio accounting, a straight-line accumulation of capital gains on discount
Well, frankly, accrual is not a good descriptive
A method of budgeting that develops budgets BAsed on expected activities and cost drivers – see also activity-BAsed costing.
planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and
A method of costing that uses cost pools to accumulate the cost of significant business activities and then assigns the costs from the cost pools to products or services BAsed on cost drivers.
A relatively new method advocated for the
a process using multiple cost drivers to predict and allocate costs to products and services;
A cost allocation system that compiles costs and assigns
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
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.
Adjustable rate preferred stock (ARPS)
Publicly traded issues that may be collateralized by mortgages and MBSs.
A form of organization commonly used by foreign BAnks to enter the U.S. market. An agency
A means of compensating the broker of a program trade solely on the BAsis of commission
Allocation base A measure of activity or volume such as labour
hours, machine hours or volume of production
Allowance for bad debts
An offset to the accounts receivable BAlance, against which
American Stock Exchange (AMEX)
The second-largest stock exchange in the United States. It trades
date on which particular news concerning a given company is announced to the public.
Result of a transaction that increases earnings per common share (e.g. by decreasing the
Bond or note secured by assets of company.
A security that is collateralized by loans, leases, receivables, or installment contracts
Methods of financing in which lenders and equity investors look principally to the
Loans granted usually by a financial institution where the asset being financed constitutes the sole security given to the lender.
A common element of a financial plan that describes projected capital spending and the
attribute-based costing (ABC II)
an extension of activityBAsed costing using cost-benefit analysis (BAsed on increased customer utility) to choose the product attribute
markets in which the prevailing price is determined through the free interaction of
Auction rate preferred stock (ARPS)
Floating rate preferred stock, the dividend on which is adjusted every
Automatic Benefits Payment
Automatic payment of moneys derived from a benefit.
The fee paid on the extension date if the buyer wishes to continue the option.
The subsequent subtraction from inventory records of those parts used
Brokerage house clerical operations that support, but do not include, the trading of stocks and
Back To Back Annuity
This term refers to the simultaneous issue of a life annuity with a non-guaranteed period and a guaranteed life insurance policy [usually whole life or term to 100]. The face value of the life insurance would be the same amount that was used to purchase the annuity. This combination of life annuity providing the highest payout of all types of annuities, along with a guaranteed life insurance policy allowed an uninsurable person to convert his/her RRSP into the best choice of annuity and guarantee that Upon his/her death, the full value of the annuity would be paid tax free through the life insurance policy to his family members. However, in the early 1990's, the Federal tax authorities put a stop to the issuing of standard life rates to rated or uninsurable applicants. Insuring a life annuity in this manner is still an excellent way to provide guaranteed tax free funds to family members but the application for the annuity and the application for the life insurance are separate transactions and today, most likely conducted through two different insurance companies so that there is no suspicion of preferential treatment given to the life insurance application.
An intercompany loan channeled through a BAnk.
A loan in which two companies in separate countries borrow each other's currency for a
1) When bond yields and prices fall, the market is said to BAck-up.
A procedure for making the effective date of a policy earlier than the application date. BAckdating is often used to make the age of the consumer at policy issue lower than it actually was in order to get a lower premium.
a streamlined cost accounting method that speeds up, simplifies, and reduces accounting effort in an environment that minimizes inventory BAlances, requires
A market condition in which futures prices are lower in the distant delivery months than in
An account receivable that cannot be collected.
The amount of accounts receivable that is not expected to be collected.
Refers to accounts receivable from credit sales to customers
A plan by U.S. Treasury Secretary James BAker under which 15 principal middle-income debtor
Balance of Merchandise Trade
The difference between exports and imports of goods.
Balance of payments
A statistical compilation formulated by a sovereign nation of all economic transactions
Balance of Payments
The difference between the demand for and supply of a country's currency on the foreign exchange market.
Balance of Payments Accounts
A statement of a country's transactions with other countries.
Balance of trade
Net flow of goods (exports minus imports) between countries.
Balance of Trade
See BAlance of merchandise trade.
Also called the statement of financial condition, it is a summary of the assets, liabilities, and
A “snapshot” statement that freezes a company on a particular day, like the last day of the year, and shows the BAlances in its asset, liability, and stockholders’ equity accounts. It’s governed by the formula:
A financial statement showing the financial position of a business – its assets, liabilities and
One of the BAsic financial statements; it lists the assets, liabilities, and equity accounts of the company. The BAlance Sheet is prepared using the BAlances at the end of a specific day.
A term often used instead of the more formal and correct
A report that summarizes all assets, liabilities, and equity for a company
Financial statement that shows the value of the
A financial report showing the status of a company's assets, liabilities, and owners' equity on a given date.
Balance sheet exposure
Balance sheet identity
Total Assets = Total Liabilities + Total Stockholders' Equity
The multiplier associated with a change in government spending financed by an equal change in taxes.
An investment company that invests in stocks and bonds. The same as a BAlanced mutual fund.
Balanced mutual fund
This is a fund that buys common stock, preferred stock and bonds. The same as a
A system of non-financial performance measurement that links innovation, customer and process measures to financial performance.
balanced scorecard (BSC)
an approach to performance
Variable that adjusts to maintain the consistency
Any large principal payment due at maturity for a bond or loan with or without a a sinking
BAN (Bank anticipation notes)
Notes issued by states and municipalities to obtain interim financing for
In the words of Warren Buffet, bill BAne Sr., is, "a great American and one of the last real traders
Money in a BAnk cheque account, the difference between receipts and payments.
Bank collection float
The time that elapses between when a check is deposited into a BAnk account and when the funds are available to the depositor, during which period the BAnk is collecting payment from the payer's BAnk.
Bank discount basis
A convention used for quoting bids and offers for treasury bills in terms of annualized
A draft addressed to a BAnk.
A guaranteed form of payment which is issued in amounts over $5,000.
Bank for International Settlements (BIS)
An international BAnk headquartered in BAsel, Switzerland, which
Line of credit granted by a BAnk to a customer.
Money owed to the BAnk in a cheque account where payments exceed receipts.
The process of taking the BAlances from the BAnk statement and the general ledger and making adjustments so that they agree.
A comparison between the cash position recorded on a company’s
A computer message system linking major BAnks. It is used not for effecting payments, but as a
A short-term credit investment created by a non-financial firm and guaranteed by a
State of being unable to pay debts. Thus, the ownership of the firm's assets is transferred from
The reorganization or liquidation of a firm that cannot pay its debts.
Bankruptcy cost view
The argument that expected indirect and direct BAnkruptcy costs offset the other
The risk that a firm will be unable to meet its debt obligations. Also referred to as default or insolvency risk.
The argument that expected BAnkruptcy costs preclude firms from being financed entirely
Slang for one million dollars.
a group of lines and spaces arranged in a special
Information encoded into a series of BAr and spaces of varying widths,
A strategy in which the maturities of the securities included in the portfolio are concentrated
Gives the lessee the option to purchase the asset at a price below fair market
BARRA's performance analysis (PERFAN)
A method developed by BARRA, a consulting firm in
Contracts with trigger points that, when crossed, automatically generate buying or selling of
A system of exchange in which one good is traded directly for another without the use of money.
Base interest rate
Related: Benchmark interest rate.
Base probability of loss
The proBAbility of not achieving a portfolio expected return.
The reference year when constructing a price index. By tradition it is given the value 100.
In a BAlance of payments, the BAsic BAlance is the net BAlance of the combination of the current
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