Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: inventory control, credit, tax advisor, investment, financial advisor, money, stock trading, inventory,
Definition of Invoice billing
billing system in which the invoices are sent off at the time of customer orders are all separate
Bill written by a seller of goods or services and submitted to the purchaser.
Usually the date when goods are shipped. Payment dates are set relative to the invoice date.
The price that the buyer of a futures contract must pay the seller when a Treasury Bond is delivered.
billing method in which the sales for a period such as a month (for which a customer also
An inventory valuation method in which a company values the items in its ending inventory based
A document submitted to a customer, identifying a transaction for which the
Revenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts
date on which particular news concerning a given company is announced to the public.
A date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond
date dividend checks are mailed.
date on which holders of record in a firm's stock ledger are designated as the recipients of
Treating cash flows as being received on exact dates - date 0, date 1, and so forth - as
The date on which a firm's directors meet and announce the date and amount of the next
In an interest rate swap, the date the swap begins accruing interest.
The last day (in the case of American-style) or the only day (in the case of European-style)
The day on which the first option either expires or is extended.
The first day of trading when the seller, rather than the buyer, of a stock will be entitled to
The date on which a share of common stock begins trading ex-rights.
In the Euromarket the standard periods for which Euros are traded (1 month out to a year out) are
The date on which holders of record in a firm's stock ledger are designated as the
The day the option is either exercised or expires.
The date on which each shareholder of record will be sent a check for the declared dividend.
Projected maturity date
With CMOs, final payment at the end of the estimated cash flow window.
1) date by which a shareholder must officially own shares in order to be entitled to a dividend.
The date on which payment is made to settle a trade. For stocks traded on US exchanges,
In an interest rate swap, the date that the counterparties commit to the swap. Also, the date on
In the market for Eurodollar deposits and foreign exchange, value date refers to the delivery date
The date on which the board of directors has declared a dividend.
The date established for the payment of a declared dividend.
The date used to decide which shareholders will receive the dividend. The owners of the shares at the end of this day are entitled to the dividend.
The dates when the coupons are paid. Typically a bond pays
The date a security is first offered for sale. That date usually
The date when the issuer returns the final face value of a bond
The date when money first changes hands; i.e., when a buyer
date that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend.
Consolidated Omnibus Budget Reconciliation Act (COBRA)
A federal Act
date on which a debt is due for payment.
date on which a policy is approved.
date on which the insurance company assumes responsibilities for the obligations outlined in a policy.
date on which valuation occurs.
PV (present value of cash flows)
the value in today’s dollars of cash flows that occur in different time periods.
Accumulated Benefit Obligation (ABO)
An approximate measure of the liability of a plan in the event of a
An option that may be exercised at any time up to and including the expiration date.
An option contract that can be exercised at any time between the date of purchase and
Arrangements whereby customers who pay before the final date may be entitled to deduct a
The fee paid on the extension date if the buyer wishes to continue the option.
The requirement that a claim holder voting against a plan of reorganization
An option contract that gives its holder the right (but not the obligation) to purchase a specified
The price, specified at issuance, at which the issuer of a bond may retire part of the bond at a
Cash-flow break-even point
The point below which the firm will need either to obtain additional financing
Certificate of deposit (CD)
Also called a time deposit, this is a certificate issued by a bank or thrift that
Cheapest to deliver issue
The acceptable Treasury security with the highest implied repo rate; the rate that a
Committee, AIMR Performance Presentation Standards Implementation Committee
The Association for Investment Management and Research (AIMR)'s Performance Presentation Standards Implementation
An undertaking either (1) to complete a project such that it meets certain specified
he written statement that follows any "trade" in the securities markets. Confirmation is issued
A system of voting for directors of a corporation in which shareholder's total number of
A provision that prohibits the company from calling the bond before a certain date. During this
Defined contribution plan
A pension plan in which the sponsor is responsible only for making specified
The written notice given by the seller of his intention to make delivery against an open, short
Present value of $1 received at a stated future date.
Similar to the reverse repurchase agreement - a simultaneous agreement to sell a security held in a
An unconventional order in writing - signed by a person, usually the exporter, and addressed to the
With the dollar roll transaction the difference between the sale price of a mortgage-backed passthrough,
Effective call price
The strike price in an optional redemption provision plus the accrued interest to the
Treating cash flows as if they occur at the end of a year as opposed to the date
Option that may be exercised only at the expiration date. Related: american option.
An option contract that can only be exercised on the expiration date.
An expiration cycle relates to the dates on which options on a particular security expire. A
Voluntary arrangements to restructure a firm's debt, under which the payment date is postponed.
A trade is said to fail if on settlement date either the seller fails to deliver securities in proper form or the
A contract entered into now that provides for the delivery of a specified asset in exchange
Foreign currency translation
The process of restating foreign currency accounts of subsidiaries into the
Foreign exchange swap
An agreement to exchange stipulated amounts of one currency for another currency
The requirement that all pool information, as specified under the PSA Uniform Practices, in a
A cash market transaction in which delivery of the commodity is deferred until after the
A transaction in which the settlement will occur on a specified date in the future at a price
Forward exchange rate
Exchange rate fixed today for exchanging currency at some future date.
Forward interest rate
Interest rate fixed today on a loan to be made at some future date.
Forward rate agreement (FRA)
Agreement to borrow or lend at a specified future date at an interest rate
A transaction in which the settlement will occur on a specified date in the future at a price
The amount of cash at a specified date in the future that is equivalent in value to a specified
The price at which the parties to a futures contract agree to transact on the settlement date.
A reverse repurchase agreement between mortgage firms and securities dealers. Under the
Guaranteed investment contract (GIC)
A pure investment product in which a life company agrees, for a
The simultaneous purchase and sale of two options that differ only in their exercise date.
Implied repo rate
The rate that a seller of a futures contract can earn by buying an issue and then delivering
The expected volatility in a stock's return derived from its option price, maturity date,
After a stock split, the number of shares distributed for each share held and the date of the
Limitation on merger, consolidation, or sale
A bond covenant that restricts in some way a firm's ability to
The rights of a firm's securityholders in the event the firm liquidates.
An obligation having a maturity of more than one year from the date it was issued. Also
The period between the 2 latest highs or lows of the S&P 500, showing net performance of a
For a bond, the date on which the principal is required to be repaid. In an interest rate swap, the
The portfolio of risky assets with lowest variance.
Such a clause on a Euro loan permits the borrower to switch from one currency to
Nearby futures contract
When several futures contracts are considered, the contract with the closest
The period of time between the end of the discount period and the date payment is due.
The total number of derivative contracts traded that not yet been liquidated either by an
Optimal redemption provision
Provision of a bond indenture that governs the issuer's ability to call the
Gives the buyer the right, but not the obligation, to buy or sell an asset at a set price on or before a
A contract that, in exchange for the option price, gives the option buyer the right, but not
Original face value
The principal amount of the mortgage as of its issue date.
The tendency of a pool of MBSs to reflect an especially high rate or prepayments the first time
A prepayment model based on an assumed rate of prepayment each month of the then unpaid principal
A buy-back to offset and effectively liquidate a prior sale of securities.
Also called the maturity value or face value, the amount that the issuer agrees to pay at the maturity date.
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.