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Financial Terms | |
Free-on-Board (FOB) Shipping Point |
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Definition of Free-on-Board (FOB) Shipping PointFree-on-Board (FOB) Shipping PointA shipping arrangement agreed to between buyer and
Related Terms:Arbitrage-free option-pricing modelsYield curve option-pricing models. Basis pointIn the bond market, the smallest measure used for quoting yields is a basis point. Each percentage Basis PointOne one-hundredth of one percent Basis pointOne hundredth of one percentage point, or 0.0001. Basis PointOne one-hundredth of a percentage point, used to express variations in yields. For example, the difference between 5.36 percent and 5.38 percent is 2 basis points. Big BoardA nickname for the New York Stock Exchange. Also known as The Exchange. More than 2,000 Bond pointsA conventional unit of measure for bond prices set at $10 and equivalent to 1% of the $100 face ![]() break-even point (BEP)the level of activity, in units or dollars, at which total revenues equal total costs Breakeven pointThe point at which total costs equal total revenue, i.e. where there is neither a profit nor a loss. breakeven pointThe annual sales volume level at which total contribution Breakeven pointThe sales level at which a company, division, or product line makes a Cash-flow break-even pointThe point below which the firm will need either to obtain additional financing Cost Accounting Standards Board (CASB)a body established by Congress in 1970 to promulgate cost accounting Delivery pointsThose points designated by futures exchanges at which the financial instrument or Federal Reserve Boardboard of Governors of the Federal Reserve System. free cash flowGenerally speaking, this term refers to cash flow from ![]() Free Cash FlowThe funds available for distribution to the capital providers of the Free cash flowsCash not required for operations or for reinvestment. Often defined as earnings before Free floatAn exchange rate system characterized by the absence of government intervention. Also known as Free on boardImplies that distributive services like transport and handling performed on goods up to the Free-on-Board (FOB) DestinationA shipping arrangement agreed to between buyer and Free reservesExcess reserves minus member bank borrowings at the Fed. Free riderA follower who avoids the cost and expense of finding the best course of action and by simply Free TradeThe absence of any government restrictions, such as tariffs or quotas, on imports or exports. Material review boardA company committee typically comprising members representing North American Free Trade Agreement (NAFTA)an agreement among Canada, Mexico, and the United States establishing the North American free Trade Zone, with a resulting reduction in trade barriers Order penetration pointThe point in the production process when a product is order pointthe level of inventory that triggers the placement Outbound stock pointA designated inventory location on the shop floor between PointThe smallest unit of price change quoted or, one one-hundredth of a percent. Related: minimum price Point and figure chartA price-only chart that takes into account only whole integer changes in price, i.e., a Point and figure chartA financial chart usually used to plot asset price data. point of sale (POS)The terminal at which a customer uses his/her debit card to make a direct payment transaction. See also Interac Direct Payment. Point-of-use deliveryA delivery of stock to a location in or near the shop floor Point-of-use storageThe storage of stock in a location in or near the shop floor Price value of a basis point (PVBP)Also called the dollar value of a basis point, a measure of the change in Public Oversight BoardAn independent private-sector body that oversees the audit practices Risk-free assetAn asset whose future return is known today with certainty. Risk-free rateThe rate earned on a riskless asset. Risk-free RateThe rate of return on an investment with known future benefits; a Risk-Free RateThe rate of return obtainable on government of Canada treasury bills. Riskless or risk-free assetAn asset whose future return is known today with certainty. The risk free asset is split-off pointthe point at which the outputs of a joint process are first identifiable or can be separated as individual products Split-off pointThe point in a production process when clearly identifiable joint costs StockpointAn inventory storage area used for short-term inventory staging. Tax free acquisitionA merger or consolidation in which 1) the acquirer's tax basis in each asset whose Turning PointThe trough or peak of a business cycle. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |