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Financial Terms | |
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.
Related Terms:ABM (automated banking machine)A bank machine, sometimes referred to as an automated teller machine (ATM). Accounting exposureThe change in the value of a firm's foreign currency denominated accounts due to a Accrued expenses payableexpenses 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. accrued expenses payableThe account that records the short-term, noninterest- Agency bankA form of organization commonly used by foreign banks to enter the U.S. market. An agency Aggregate Expenditure CurveAggregate demand for goods and services drawn as a function of the level of national income. American Stock Exchange (AMEX)The second-largest stock exchange in the United States. It trades ![]() Annual fund operating expensesFor investment companies, the management fee and "other expenses," approximated net realizable value at split-off allocationa method of allocating joint cost to joint products using a Arms indexAlso known as a trading index (TRIN)= (number of advancing issues)/ (number of declining Autonomous ExpenditureElements of spending that do not vary systematically with variables such as GDP that are explained by the theory. See also exogenous expenditure. Balance sheet exposureSee:accounting exposure. BAN (Bank anticipation notes)Notes issued by states and municipalities to obtain interim financing for BankMoney in a bank cheque account, the difference between receipts and payments. Bank collection floatThe 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 basisA convention used for quoting bids and offers for treasury bills in terms of annualized ![]() Bank draftA draft addressed to a bank. bank draftA 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 Bank lineLine of credit granted by a bank to a customer. Bank overdraftMoney owed to the bank in a cheque account where payments exceed receipts. Bank reconciliationThe process of taking the balances from the bank statement and the general ledger and making adjustments so that they agree. Bank reconciliationA comparison between the cash position recorded on a company’s Bank wireA computer message system linking major banks. It is used not for effecting payments, but as a Banker's acceptanceA short-term credit investment created by a non-financial firm and guaranteed by a Bankers AcceptancesA 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. BankruptcyState of being unable to pay debts. Thus, the ownership of the firm's assets is transferred from ![]() bankruptcyThe reorganization or liquidation of a firm that cannot pay its debts. Bankruptcy cost viewThe argument that expected indirect and direct bankruptcy costs offset the other Bankruptcy riskThe risk that a firm will be unable to meet its debt obligations. Also referred to as default or insolvency risk. Bankruptcy viewThe argument that expected bankruptcy costs preclude firms from being financed entirely Biased expectations theoriesRelated: pure expectations theory. Bill of exchangeGeneral term for a document demanding payment. Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit CommitteesA committee formed in response to SEC chairman Arthur Levitt's initiative to improve the financial Bond indexingDesigning a portfolio so that its performance will match the performance of some bond index. Break-even timeRelated: Premium payback period. Business Expansion InvestmentThe use of capital to create more money through the addition of fixed assets or through income producing vehicles. Buy limit orderA conditional trading order that indicates a security may be purchased only at the designated Buying the indexPurchasing the stocks in the S&P 500 in the same proportion as the index to achieve the Capital expendituresAmount used during a particular period to acquire or improve long-term assets such as capital expendituresRefers to investments by a business in long-term CAPITAL IN EXCESS OF PAR VALUEWhat a company collected when it sold stock for more than the par value per share. Capital in excess parAmounts 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 viewThe 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 againstfuture-period revenue. Capitalized Expendituresexpenditures that are accounted for as assets to be amortized Cash flow time-lineLine depicting the operating activities and cash flows for a firm over a particular period. Central BankA public agency responsible for regulating and controlling an economy's monetary and financial institutions. It is the sole money-issuing authority. Change in Accounting EstimateA change in accounting that occurs as the result of new information Change in Accounting EstimateA change in the implementation of an existing accounting Chicago Mercantile Exchange (CME)A not-for-profit corporation owned by its members. Its primary ClaimRequest for payment of benefits under the terms of an insurance policy. Claim dilutionA reduction in the likelihood one or more of the firm's claimants will be fully repaid, ClaimantA party to an explicit or implicit contract. ClaimantPerson 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 Commercial BankA privately owned, profit-seeking firm that accepts deposits and makes loans. Committee, AIMR Performance Presentation Standards Implementation CommitteeThe 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 concentration bankingSystem whereby customers make payments to a regional collection center which transfers funds to Consortium banksA 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. Contingent claimA claim that can be made only if one or more specified outcomes occur. Contingent immunizationAn arrangement in which the money manager pursues an active bond portfolio continuous improvementan 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 stockConvertible preferred stock that may be exchanged, at the ConvexBowed, as in the shape of a curve. Usually referring to the price/required yield relationship for ConvexityA measure of the rate of change in duration; measured in time. Cost of limited partner capitalThe discount rate that equates the after-tax inflows with outflows for capital Cost Plus Estimated Earnings in Excess of BillingsRevenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts Current Income Tax ExpenseThat portion of the total income tax provision that is based on cycle timethe time between the placement of an order to Debt limitationA bond covenant that restricts in some way the firm's ability to incur additional indebtedness. Deferred Income Tax ExpenseThat portion of the total income tax provision that is the result Depreciation expenseAn expense account that represents the portion of the cost of an asset that is being charged to expense during the current period. Direct estimate methodA method of cash budgeting based on detailed estimates of cash receipts and cash Disclaimer of opinionAn auditor's statement disclaiming any opinion regarding the company's financial Discriminant analysisA statistical process that links the probability of default to a specified set of financial ratios. Dividend limitationA bond covenant that restricts in some way the firm's ability to pay cash dividends. Doctrine of sovereign immunityDoctrine that says a nation may not be tried in the courts of another country EAFE indexThe European, Australian, and Far East stock index, computed by Morgan Stanley. Economic exposureThe extent to which the value of the firm will change because of an exchange rate change. Effective convexityThe convexity of a bond calculated with cash flows that change with yields. Effective Exchange RateThe weighted average of several exchange rates, where the weights are determined by the extent of our trade done with each country. Eligible bankers' acceptancesIn the BA market, an acceptance may be referred to as eligible because it is employee time sheeta source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time Enhanced indexingAlso called indexing plus, an indexing strategy whose objective is to exceed or replicate Equation of ExchangeThe quantity theory equation Mv = PQ. Equity claimAlso called a residual claim, a claim to a share of earnings after debt obligation have been EurobankA bank that regularly accepts foreign currency denominated deposits and makes foreign currency loans. Ex-dividendThis literally means "without dividend." The buyer of shares when they are quoted ex-dividend Ex-dividend dateThe first day of trading when the seller, rather than the buyer, of a stock will be entitled to ex-dividend dateDate that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend. Ex post returnRelated: Holding period return Ex-rightsIn connection with a rights offering, shares of stock that are trading without the rights attached. Ex-rights dateThe date on which a share of common stock begins trading ex-rights. Exact matchingA bond portfolio management strategy that involves finding the lowest cost portfolio Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |