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Definition of intranet
a mechanism for sharing information and delivering data from corporate databases to the local-area network (LAN) desktops
A retirement pLAN set up by an employer, into which employees can
A retirement pLAN similar to a 401k pLAN, except that it is designed
A budgeting process using summary-level information to
information that is known to some people but not to other people.
A pLAN by U.S. Treasury Secretary James Baker under which 15 principal middle-income debtor
The difference between exports and imports of goods.
A statistical compilation formulated by a sovereign nation of all economic transactions
The difference between the demand for and supply of a country's currency on the foreign exchange market.
A statement of a country's transactions with other countries.
Net flow of goods (exports minus imports) between countries.
See baLANce of merchandise trade.
Also called the statement of financial condition, it is a summary of the assets, liabilities, and
A “snapshot” statement that freezes a company on a particular day, like the last day of the year, and shows the baLANces in its asset, liability, and stockholders’ equity accounts. It’s governed by the formula:
A financial statement showing the financial position of a business – its assets, liabilities and
One of the basic financial statements; it lists the assets, liabilities, and equity accounts of the company. The BaLANce Sheet is prepared using the baLANces at the end of a specific day.
A term often used instead of the more formal and correct
A report that summarizes all assets, liabilities, and equity for a company
Financial statement that shows the value of the
A financial report showing the status of a company's assets, liabilities, and owners' equity on a given date.
Balance sheet exposure
Balance sheet identity
Total Assets = Total Liabilities + Total Stockholders' Equity
The multiplier associated with a change in government spending financed by an equal change in taxes.
An investment company that invests in stocks and bonds. The same as a baLANced mutual fund.
Balanced mutual fund
This is a fund that buys common stock, preferred stock and bonds. The same as a
A system of non-financial performance measurement that links innovation, customer and process measures to financial performance.
balanced scorecard (BSC)
an approach to performance
Variable that adjusts to maintain the consistency
In a baLANce of payments, the basic baLANce is the net baLANce of the combination of the current
Blanket inventory lien
A secured loan that gives the lender a lien against all the borrower's inventories.
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
A flexible benefits pLAN authorized under the Internal Revenue
cafeteria plan a “menu” of fringe benefit options that include
cash or nontaxable benefits
Canada Pension Plan (CPP)
A pLAN that provides retirement and long term disability income benefits to residents of Canadian provinces (excluding Quebec).
common-size balance sheet
BaLANce sheet that presents items as a percentage of total assets.
An excess baLANce that is left in a bank to provide indirect compensation for loans
The acquisition of one firm by anther firm.
Debt obligations issued by corporations.
A legal document creating a corporation.
One of the three areas of the discipline of finance. It deals with the operation of the firm
Corporate financial management
The application of financial principals within a corporation to create and
Corporate financial planning
Financial pLANning conducted by a firm that encompasses preparation of both
Corporate processing float
The time that elapses between receipt of payment from a customer and the
Corporate tax view
The argument that double (corporate and individual) taxation of equity returns makes
Corporate taxable equivalent
Rate of return required on a par bond to produce the same after-tax yield to
Currency risk sharing
An agreement by the parties to a transaction to share the currency risk associated with
bits of knowledge or facts that have not been summarized
a form of analysis in which statistical techniques
An accelerated depreciation method that calculates depreciation each year by applying a fixed rate to the asset’s book (cost–accumulated depreciation) value. Depreciation stops when the asset’s book value reaches its salvage value.
A method of depreciation.
Defined benefit plan
A pension pLAN in which the sponsor agrees to make specified dollar payments to
Defined Benefit Plan
A pension pLAN that pays out a predetermined dollar
Defined contribution plan
A pension pLAN in which the sponsor is responsible only for making specified
Defined Contribution Plan
A qualified retirement pLAN under which the employer
Dividend reinvestment plan (DRP)
Automatic reinvestment of shareholder dividends in more shares of a
Method of accelerated depreciation.
Educational Assistance Plan
A pLAN that an employer creates on behalf of its
Electronic data interchange (EDI)
The exchange of information electronically, directly from one firm's
electronic data interchange (EDI)
the computer-to-computer transfer of information in virtual real time using standardized formats developed by the American National Standards Institute
Employee stock ownership plan (ESOP)
A company contributes to a trust fund that buys stock on behalf of
Employee Stock Ownership Plan (ESOP)
a profit-sharing compensation program in which investments are made in
Employee Stock Ownership Plan (ESOP)
A fund containing company stock and owned by employees, paid for by ongoing contributions by the employer.
enterprise resource planning (ERP) system
a packaged software program that allows a company to
Enterprise resource planning system
A computer system used to manage all company
An insurance program designed to provide funds for insured's dependents upon death of the insured, and to also conserve, as much as possible, the personal assets that the insured wants to bequeath to heirs.
Exchange Rate Mechanism (ERM)
The methodology by which members of the EMS maintain their
Expected value of perfect information
The expected value if the future uncertain outcomes could be known
A financial blueprint for the financial future of a firm.
The process of evaluating the investing and financing options available to a firm. It
Arrangement used to finance inventory. A finance company buys the inventory, which is then
Future-Oriented Financial Information
information about prospective results of operations, financial position and/or changes in financial position, based on assumptions about future economic conditions and courses of action. Future-oriented financial information is presented as either a forecast or a projection.
Hourly Rate Plan
A method for calculating wages for hourly employees that involves
Index Portfolio Rebalancing Service (IPRS)
Index Portfolio RebaLANcing Service (IPRS) is a comprehensive investment service that can help increase potential returns while reducing volatility. Several portfolios are available, each with its own strategic baLANce of Index Funds. IPRS maintains your personal asset allocation by monitoring and rebaLANcing your portfolio semi-annually.
bits of knowledge or fact that have been carefully
A situation involving information that is known to some, but not all, participants.
Information Coefficient (IC)
The correlation between predicted and actual stock returns, sometimes used to
The rise in the stock price following the dividend signal.
information content of dividends
Dividend increases send good news about cash flow and earnings. Dividend cuts send bad news.
Transaction costs that include the assessment of the investment merits of a financial asset.
Trades in which an investor believes he or she possesses pertinent
Organizations that furnish investment and other types of information, such as
The speed and accuracy with which prices reflect new information.
Trades that are the result of either a reallocation of wealth or an implementation of an
Relevant information about a company that has not yet been made public. It is illegal for
Defined benefit pension pLANs that are guaranteed by life insurance products. Related: noninsured pLANs
Insured Retirement Plan
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 movement of inventory from one company location to
The cost of LANd owned by the company.
The cost of improvements to LANd owned by the company, such as fencing and outdoor lighting.
Making transactions to adjust (rebaLANce) a firm's leverage ratio back to its target.
Local expectations theory
A form of the pure expectations theory which suggests that the returns on bonds
Long-term financial plan
Financial pLAN covering two or more years of future operations.
management information system (MIS)
a structure of interrelated elements that collects, organizes, and communicates
Manufacturing resource planning
An integrated, computerized system for pLANning
manufacturing resource planning (MRP II)
a fully integrated materials requirement pLANning system that involves
Manufacturing resource planning (MRP II)
An expansion of the material requirements pLANning concept, with additional computer-based capabilities in the areas of
The system whereby using prices, the interaction of supply and demand allocates inputs and distributes outputs.
market-value balance sheet
Financial statement that uses the market value of all assets and liabilities.
Material requirements planning
A computerized system used to calculate material
Material requirements planning (MRP)
A computer-driven production methodology
Materials requirement planning
Computer-based systems that pLAN backward from the production schedule
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