|Export-Import Bank (Ex-Im Bank)|
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Definition of Export-Import Bank (Ex-Im Bank)
Export-Import Bank (Ex-Im Bank)
The U.S. federal government agency that extends trade credits to U.S.
A bank machine, sometimes referred to as an automated teller machine (ATM).
The change in the value of a firm's foreign currency denominated accounts due to a
expenses that have to be recorded in order for the financial statements to be accurate. Accrued expenses usually do not involve the receipt of an invoice from the company providing the goods or services.
The account that records the short-term, noninterest-
A form of organization commonly used by foreign banks to enter the U.S. market. An agency
Aggregate demand for goods and services drawn as a function of the level of national income.
The second-largest stock exchange in the United States. It trades
For investment companies, the management fee and "other expenses,"
a method of allocating joint cost to joint products using a
Also known as a trading index (TRIN)= (number of advancing issues)/ (number of declining
Elements of spending that do not vary systematically with variables such as GDP that are explained by the theory. See also exogenous expenditure.
Notes issued by states and municipalities to obtain interim financing for
Money in a bank cheque account, the difference between receipts and payments.
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
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.
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
Biased expectations theories
Related: pure expectations theory.
Bill of exchange
General term for a document demanding payment.
Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit Committees
A committee formed in response to SEC chairman Arthur Levitt's initiative to improve the financial
Designing a portfolio so that its performance will match the performance of some bond index.
Related: Premium payback period.
Business Expansion Investment
The use of capital to create more money through the addition of fixed assets or through income producing vehicles.
Buy limit order
A conditional trading order that indicates a security may be purchased only at the designated
Buying the index
Purchasing the stocks in the S&P 500 in the same proportion as the index to achieve the
Amount used during a particular period to acquire or improve long-term assets such as
Refers to investments by a business in long-term
CAPITAL IN EXCESS OF PAR VALUE
What a company collected when it sold stock for more than the par value per share.
Capital in excess par
Amounts in excess of the par value or stated value that have been paid by the public to acquire stock in the company; synonymous with additional paid-in capital.
Capital market imperfections view
The view that issuing debt is generally valuable but that the firm's
Capitalized Cost An expenditure or accrual that is reported as an asset to be amortized against
expenditures that are accounted for as assets to be amortized
Cash flow time-line
Line depicting the operating activities and cash flows for a firm over a particular period.
A public agency responsible for regulating and controlling an economy's monetary and financial institutions. It is the sole money-issuing authority.
Change in Accounting Estimate
A change in accounting that occurs as the result of new information
Change in Accounting Estimate
A change in the implementation of an existing accounting
Chicago Mercantile Exchange (CME)
A not-for-profit corporation owned by its members. Its primary
Request for payment of benefits under the terms of an insurance policy.
A reduction in the likelihood one or more of the firm's claimants will be fully repaid,
A party to an explicit or implicit contract.
Person or party making request for payment of benefits under the terms of an insurance policy.
Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value
A privately owned, profit-seeking firm that accepts deposits and makes loans.
Committee, AIMR Performance Presentation Standards Implementation Committee
The Association for Investment Management and Research (AimR)'s Performance Presentation Standards implementation
Commodities Exchange Center (CEC)
The location of five New York futures exchanges: Commodity
computer integrated manufacturing (CIM)
the integration of two or more flexible manufacturing systems through the use of a host computer and an information networking system
System whereby customers make payments to a regional collection center which transfers funds to
A merchant banking subsidiary set up by several banks that may or may not be of the
Consumer Price Index (CPI)
The CPI, as it is called, measures the prices of consumer goods and services and is a
Consumer Price Index (CPI)
An index calculated by tracking the cost of a typical bundle of consumer goods and services over time. It is commonly used to measure inflation.
A claim that can be made only if one or more specified outcomes occur.
An arrangement in which the money manager pursues an active bond portfolio
an ongoing process of enhancing employee task performance, level of product quality, and level of company service through eliminating nonvalue-added activities to reduce lead time, making products
Convertible exchangeable preferred stock
Convertible preferred stock that may be exchanged, at the
Bowed, as in the shape of a curve. Usually referring to the price/required yield relationship for
A measure of the rate of change in duration; measured in time.
Cost of limited partner capital
The discount rate that equates the after-tax inflows with outflows for capital
Cost Plus Estimated Earnings in Excess of Billings
Revenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts
Current Income Tax Expense
That portion of the total income tax provision that is based on
the time between the placement of an order to
A bond covenant that restricts in some way the firm's ability to incur additional indebtedness.
Deferred Income Tax Expense
That portion of the total income tax provision that is the result
An expense account that represents the portion of the cost of an asset that is being charged to expense during the current period.
Direct estimate method
A method of cash budgeting based on detailed estimates of cash receipts and cash
Disclaimer of opinion
An auditor's statement disclaiming any opinion regarding the company's financial
A statistical process that links the probability of default to a specified set of financial ratios.
A bond covenant that restricts in some way the firm's ability to pay cash dividends.
Doctrine of sovereign immunity
Doctrine that says a nation may not be tried in the courts of another country
The European, Australian, and Far East stock index, computed by Morgan Stanley.
The extent to which the value of the firm will change because of an exchange rate change.
The convexity of a bond calculated with cash flows that change with yields.
Effective Exchange Rate
The weighted average of several exchange rates, where the weights are determined by the extent of our trade done with each country.
Eligible bankers' acceptances
In the BA market, an acceptance may be referred to as eligible because it is
employee time sheet
a source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time
Also called indexing plus, an indexing strategy whose objective is to exceed or replicate
Equation of Exchange
The quantity theory equation Mv = PQ.
Also called a residual claim, a claim to a share of earnings after debt obligation have been
A bank that regularly accepts foreign currency denominated deposits and makes foreign currency loans.
This literally means "without dividend." The buyer of shares when they are quoted ex-dividend
The first day of trading when the seller, rather than the buyer, of a stock will be entitled to
Date that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend.
Ex post return
Related: Holding period return
In connection with a rights offering, shares of stock that are trading without the rights attached.
The date on which a share of common stock begins trading ex-rights.
A bond portfolio management strategy that involves finding the lowest cost portfolio
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