|In the box|
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: accounting, tax advisor, finance, money, inventory, financial advisor, stock trading, business,
Also see related: financing, first time homebuyer, credit, buy home, homebuying, insurance, real estate, homes, home financing,
Definition of In the box
In the box
This means that a dealer has a wire receipt for securities indicating that effective delivery on them
Certificates issued by a U.S. depositary bank, representing foreign
A computer message system linking major banks. It is used not for effecting payments, but as a
Gives the lessee the option to purchase the asset at a price below fair market
The Treasury and federal agencies are moving to a book-entry system in which securities are not represented by engraved pieces of paper but are maintained in computerized records at the
The provision of some futures contracts that requires not delivery of underlying assets but
A transaction in which the purchaser's intention is to reduce or eliminate a short position in
An entity that stands ready and willing to buy a security for its own account (at its bid price) or sell
Overnight, collateralized loan made to a dealer financing his position by borrowing from a
A market where traders specializing in particular commodities buy and sell assets for their
Over-the-counter options, such as those offered by government and mortgage-backed
IOUs created through loan-type transactions - commercial paper, bank CDs, bills, bonds, and
The tender and receipt of an actual commodity or financial instrument in settlement of a futures contract.
The written notice given by the seller of his intention to make delivery against an open, short
The options available to the seller of an interest rate futures contract, including the quality
Those points designated by futures exchanges at which the financial instrument or
The price fixed by the Clearing house at which deliveries on futures are in invoiced; also the
Delivery versus payment
A transaction in which the buyer's payment for securities is due at the time of
Direct stock-purchase programs
The purchase by investors of securities directly from the issuer.
Non-interest-bearing money market instruments that are issued at a discount and
Effective annual interest rate
An annual measure of the time value of money that fully reflects the effects of
Effective annual yield
Annualized interest rate on a security computed using compound interest techniques.
Effective call price
The strike price in an optional redemption provision plus the accrued interest to the
The convexity of a bond calculated with cash flows that change with yields.
In an interest rate swap, the date the swap begins accruing interest.
The duration calculated using the approximate duration formula for a bond with an
Effective margin (EM)
Used with SAT performance measures, the amount equaling the net earned spread, or
A measure of the time value of money that fully reflects the effects of compounding.
The gross underwriting spread adjusted for the impact of the announcement of the common
Instruments exempt from the registration requirements of the securities Act of 1933 or the
Federal agency securities
securities issued by corporations and agencies created by the U.S. government,
A wire transfer system for high-value payments operated by the Federal Reserve System.
Foreign exchange dealer
A firm or individual that buys foreign exchange from one party and then sells it to
A transaction in which the settlement will occur on a specified date in the future at a price
A delivery in which everything - endorsement, any necessary attached legal papers, etc. - is in
Good delivery and settlement procedures
Refers to PSA Uniform Practices such as cutoff times on delivery
Negotiable U.S. Treasury securities.
A phase of development in which a company experiences rapid earnings growth as it produces
Sale of some shares of stock to get cash that would be similar to receiving a cash dividend.
Idea that as long as individuals borrow (or lend) on the same terms as the firm, they can
International Depository Receipt (IDR)
A receipt issued by a bank as evidence of ownership of one or more
Refers to the seller's actually turning over to the buyer the asset agreed upon in a forward contract.
Manufactured housing securities (MHSs)
Loans on manufactured homes - that is, factory-built or
An operations research technique that solves problems in which an optimal
A phase of company development in which earnings continue to grow at the rate of the
For mutual funds, the amount required to open a new account (Minimum Initial
Money purchase plan
A defined benefit contribution plan in which the participant contributes some part and
Mortgage-Backed Securities Clearing Corporation
A wholly owned subsidiary of the Midwest Stock
securities backed by a pool of mortgage loans.
Odd lot dealer
A broker who combines odd lots of securities from multiple buy or sell orders into round lots
Open-market purchase operation
A systematic program of repurchasing shares of stock in market
A transaction in which the purchaser's intention is to create or increase a long position in
Overnight delivery risk
A risk brought about because differences in time zones between settlement centers
A pool of fixed-income securities backed by a package of assets (i.e. mortgages)
Project loan securities
securities backed by a variety of FHA-insured loan types - primarily multi-family
Public Securities Administration (PSA)
The trade association for primary dealers in U.S. government
To buy, to be long, to have an ownership position.
Method of accounting for a merger in which the acquirer is treated as having purchased
As used in connection with project financing, an agreement to purchase a specific
Purchase and sale
A method of securities distribution in which the securities firm purchases the securities
Resembles a sinking fund except that money is used only to purchase bonds if they are selling
Accounting for an acquisition using market value for the consolidation of the two entities'
Purchasing power parity
The notion that the ratio between domestic and foreign price levels should equal
Related: inflation risk
Relative purchasing power parity (RPPP)
Idea that the rate of change in the price level of commodities in
An agreement with a commitment by the seller (dealer) to buy a security back from
Repurchase of stock
Device to pay cash to firm's shareholders that provides more preferable tax treatment
Securities & Exchange Commission
The SEC is a federal agency that regulates the U.S.financial markets.
Program by which a corporation buys back its own shares in the open market. It is usually
Liability-matching models that assume that the liability payments and the asset cash flows
A firm's repurchase of outstanding shares of its common stock.
Stripped mortgage-backed securities (SMBSs)
securities that redistribute the cash flows from the
Refers to the buyer's actually assuming possession from the seller of the asset agreed upon
The firm buys back its own stock from a potential bidder, usually at a substantial
A version of the dividend discount model which applies a different expected dividend
A phase of development in which the company's earnings begin to mature and decelerate to
securities issued by the U.S. Department of the Treasury.
receipt for goods that are to be held in trust for the lender.
Evidence that a firm owns goods stored in a warehouse.
A firm operating a private wire to its own branch offices or to other firms, commission houses or
Cash receipts journal
A journal used to record the transactions that result in a debit to cash.
A contra account that reduces purchases by the amount of the discounts taken for early payment.
A contra account that reduces purchases by the amount of items purchased that were subsequently returned.
Items purchased by the company for the purpose of resale.
A journal used to record the transactions that result in a credit to accounts payable.
Securities and Exchange Commission (SEC)
The federal agency that
Effective Annual Yield
Annualized rate of return on a security computed using compound
Effective Interest Rate
The rate of interest actually earned on an investment. It is
a measure of how well an organization’s goals
a variety of techniques used
open purchase ordering
a process by which a single purchase
the quoted price of inventory minus any
the point at which the learning curve becomes flat and only minimal improvements in performance are achieved
Price actually paid for a security. Typically the purchase
Involving or containing a random variable or variables; involving
An accounting method used to combine the financial statements of
effective annual interest rate
Interest rate that is annualized using compound interest.
purchasing power parity (PPP)
Theory that the cost of living in different countries is equal, and exchange rates adjust to offset inflation differentials across countries.
Securities and Exchange Commission (SEC)
Federal agency responsible for regulation of securities markets in the United
Firm buys back stock from its shareholders.
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.