Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: investment, payroll, inventory, money, credit, financial, business, inventory control,
Also see related: buy home, financing, home insurance, home buyer, credit, first time homebuyer, home financing, property, home,
Definition of Insured plans
Defined benefit pension plans that are guaranteed by life insurance products. Related: noninsured plans
Defined benefit pension plans that are not guaranteed by life insurance products. Related:
This is the person covered by the life insurance policy. Upon this person's death, a tax free benefit will be paid to that person's estate or a named beneficiary.
Person whose life is protected under a specific policy.
A municipal bond backed both by the credit of the municipal issuer and by commercial
An insured mortgage protects only the mortgage lender in case you do not make your mortgage payments. This coverage is provided by CMHC [Canada Mortgage and Housing Corporation] and is required if a person has a high-ratio mortgage. [A mortgage is high-ratio if the amount borrowed is more than 75% of the purchase price or appraised value, whichever is less.]
This is a recently coined phrase describing the concept of using Universal Life Insurance to tax shelter earnings which can be used to generate tax-free income in retirement. The concept has been described by some as "the most effective tax-neutralization strategy that exists in Canada today."
The person who's life is protected by an individual policy.
Employer-sponsored and other plans that allow contributions and earnings to
Requirement that none of an order be executed unless all of it can be executed at the specified price.
An arrangement whereby a security issue is canceled if the underwriter is unable
Under this translation method, monetary items (e.g. cash, accounts
Preferred stock whose holders must forgo dividend payments when the
Include such things as freight, insurance, passenger services, and travel.
This is the maximum value of a policy that an insurance company will issue without the applicant taking a medical examination, although medical questions are invariably asked during the application process. When a non-medical issue is made through group insurance, in most cases, medical data is not requested at all.
a restriction in a linear programming
Non-parallel shift in the yield curve
A shift in the yield curve in which yields do not change by the same
A type of insurance policy or annuity in which the owner does not receive dividends.
A general term referring to period costs, such as selling, administration and financial expenses.
A tangible asset with unique physical properties, like a parcel of land, a mine, or a
In October 1996 it was announced in the international news that scientists had finally located the link between cigarette smoking and lung cancer. In the early 1980's, some Canadian Life Insurance Companies had already started recognizing that non-smokers had a better life expectancy than smokers so commenced offering premium discounts for life insurance to new applicants who have been non-smokers for at least 12 months before applying for coverage. Today, most life insurance companies offer these discounts.
Refer to goods and services produced and consumed domestically that are not close
non-value-added (NVA) activity
an activity that increases the time spent on a product or service but that does not increase its worth or value to the customer
A cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow.
In a Treasury auction, bidding for a specific amount of securities at the price, whatever it
Any inventory item that does not match its original design
the fixed overhead volume variance;
Nondiversifiability of human capital
The difficulty of diversifying one's human capital (the unique
Risk that cannot be eliminated by diversification.
A debt or equity security for which there is no posted price or bidand-
Claims that cannot be easily bought and sold in the financial markets, such as those of
Nonqualified Retirement Plan
A pension plan that does not follow ERISA and
Nonqualified Stock Option
A stock option not given any favorable tax treatment
Without recourse, as in a non-recourse lease.
Revenues or gains and expenses or losses that are not expected to recur
Not permitted, under the terms of indenture, to be redeemed.
Not permitted, under the terms of indenture, to be refundable.
Nonsignificant part number
An identifying number assigned to a part that conveys
nonmarket or firm-specific risk factors that can be eliminated by diversification. Also
NSF (non-sufficient funds)
This appears on your statement if there are insufficient funds in your account to cover a cheque that you have written or a pre-authorized payment that you have already arranged. You will be charged a service fee for non-sufficient funds.
A methodology under which all manufacturing costs are assigned
Short-term, non-interest-bearing liabilities of a business
Short-term, non-interest-bearing debts owed to a
accrued expenses payable
The account that records the short-term, noninterest-
Income that has been earned but not yet received. For instance, if you have a non-registered Guaranteed Investment Certificate (GIC), Mutual Fund or Segregated Equity Fund, growth accrues annually or semi-annually and is taxable annually even though the gain is only paid at maturity of your investment.
the process of detailing the various repetitive actions that are performed in making a product or
Additional paid-in capital
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 capital in excess of par.
Adjusted Cash Flow Provided by Continuing Operations
Cash flow provided by operating
Net income adjusted to exclude selected nonrecurring and noncash items of reserve, gain, expense, and loss.
Conventional earnings before interest, taxes, depreciation, and amortization (EBITDA) revised to exclude the effects of mainly nonrecurring items of revenue or gain and expense or loss.
Adjusted Income from Continuing
Operations Reported income from continuing operations
A debt or equity security not classified as a held-to-maturity security or a trading security. Can be classified as a current or noncurrent investment depending on the intended holding period.
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.
A system of non-financial performance measurement that links innovation, customer and process measures to financial performance.
A short-term credit investment created by a non-financial firm and guaranteed by a
basic earnings per share (EPS)
This important ratio equals the net
Benchmark interest rate
Also called the base interest rate, it is the minimum interest rate investors will
A non-parallel shift in the yield curve involving the height of the curve.
A financial analyst employed by a non-brokerage firm, typically one of the larger money
cafeteria plan a “menu” of fringe benefit options that include
cash or nontaxable benefits
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.
In investments, it represents earnings before depreciation , amortization and non-cash charges.
In investments, NET INCOME plus DEPRECIATION and other noncash charges. In this sense, it is synonymous with CASH EARNINGS. Investors focus on cash flow from operations because of their concern with a firm's ability to pay dividends.
cash flow from operating activities, or cash flow from profit
This equals the cash inflow from sales during the period minus the cash
Cash flow from operations
A firm's net cash inflow resulting directly from its regular operations
A member firm of a clearing house. Each clearing member must also be a member of the
An obligation that is dependent on the occurrence or nonoccurrence of
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
Term life insurance products are offered as non-convertible or convertible to a certain time in the future. The coversion right has a time limit, usually to the policy holder's age 60 or possibly even age 70. This right means that the policy holder has the right to convert their existing policy to another specific different plan of permanent insurance within the specified time period, without providing evidence of insurability. There is a slightly higher cost for a term policy with the conversion priviledge but it is a valuable feature should a policy holder's health change for the worst and continued insurance coverage becomes a necessity.
Creditor Proof Protection
The creditor proof status of such things as life insurance, non-registered life insurance investments, life insurance RRSPs and life insurance RRIFs make these attractive products for high net worth individuals, professionals and business owners who may have creditor concerns. Under most circumstances the creditor proof rules of the different provincial insurance acts take priority over the federal bankruptcy rules.
Cumulative preferred stock
Preferred stock whose dividends accrue, should the issuer not make timely
Current time to maturity on an outstanding debt instrument.
High-coupon bonds that sell at only at a moderate premium because they are callable at a
the time between the placement of an order to
Davis-Bacon Act of 1931
A federal Act providing wage protection to nongovernment
A non-cash expense that provides a source of free cash flow. Amount allocated during the
A non-cash expense that provides a source of free cash flow. Amount allocated during the
Direct write-off method
A method of adjusting accounts receivable to the amount that is expected to be collected by eliminating the account balances of specific nonpaying customers.
non-interest-bearing money market instruments that are issued at a discount and
Earnings before interest and taxes (EBIT)
A financial measure defined as revenues less cost of goods sold
EBBS - Earnings before the bad stuff
An acronym attributed to a member of the Securities and
Equivalent bond yield
Annual yield on a short-term, non-interest bearing security calculated so as to be
Escalating Price Option
A nonqualified stock option that uses a sliding scale for
Euro-medium term note (Euro-MTN)
A non-underwritten Euronote issued directly to the market. Euro-
Extraordinary Gain or Loss
Gains and losses that are judged to be both unusual and nonrecurring.
extraordinary gains and losses
No pun intended, but these types of gains
A statistical procedure that seeks to explain a certain phenomenon, such as the return on a
The discounting, or sale at a discount, of receivables on a nonrecourse, notification
The amount at which an asset could be purchased or sold or a liability incurred or
non-interest bearing deposits held in reserve for depository institutions at their district Federal
money nonconvertible paper money.
Revenue recognized on a nonexistent sale or service transaction.
Long-term, non-cancelable lease.
Lease in which the service provided by the lessor to the lessee is limited to financing equipment. All other responsibilities related to the possession of equipment, such as maintenance, insurance, and taxes, are borne by the lessee. A financial lease is usually noncancellable and is fully paid out amortized over its term.
Refers to an order to buy or sell that can be executed without confirmation for some fixed period. Also,
A nonnegotiable debt security that can be redeemed at some fixed price or according to
Foreign exchange controls
Various forms of controls imposed by a government on the purchase/sale of
The cost of a product/service that includes an allocation of all the (production and
A method of accounting for petroleum exploration and development expenditures
What was spent to run the non-sales and non-manufacturing part of a company, such as office salaries and interest paid on loans.
Gross national product (GNP)
Measures and economy's total income. It is equal to GDP plus the income
The result of subtracting cost of goods sold from sales. Synonymous with gross margin.
Heavenly Parachute Stock Option
A nonqualified stock option that allows a deceased option holder’s estate up to three years in which to exercise his or her
A special, nonrecurring charge taken to write down an asset with an overstated
A method of preparing the operating section of the Statement of Cash Flows that does not use the company’s actual cash inflows and cash outflows, but instead arrives at the net cash flow by taking net income and adjusting it for noncash expenses and the changes from last year in the current assets and current liabilities.
A format for the operating section of the cash-flow statement that
A nonphysical asset with a life greater than one year. Examples are
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.