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Definition of ISO 14000
a series of international standards that are designed
The collection of money managers of similar investment style used for assessing
a comprehensive series of international quality standards
Anit-takeover device that gives a prospective acquiree's shareholders the right to buy shares of the
Measure taken by a target firm to avoid acquisition;
A covenant allowing the bondholder to demand repayment in the event of a hostile merger.
the maximum limit for the number of defects or errors in a process
Cumulative gains or losses reported in shareholders'
A strategy that uses available information and forecasting techniques to seek a
Very early orders for materials before the completion
An equation determining aggregate output as a function of aggregate inputs such as labor and capital.
An option contract that can be exercised at any time between the date of purchase and
A common element of a financial plan that describes projected capital spending and the
An option is at-the-money if the strike price of the option is equal to the market price of the
Average number of days necessary to receive cash for the sale of
The ratio of accounts receivables to sales, or the total
Balance of Merchandise Trade
The difference between exports and imports of goods.
Balance of payments
A statistical compilation formulated by a sovereign nation of all economic transactions
Balance of Payments
The difference between the demand for and supply of a country's currency on the foreign exchange market.
Balance of Payments Accounts
A statement of a country's transactions with other countries.
Balance of trade
Net flow of goods (exports minus imports) between countries.
Balance of Trade
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
Bank collection float
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer's bank.
Bank for International Settlements (BIS)
An international bank headquartered in Basel, Switzerland, which
BARRA's performance analysis (PERFAN)
A method developed by BARRA, a consulting firm in
In a balance of payments, the basic balance is the net balance of the combination of the current
Bill of materials
A listing of all the materials and quantities that go to make up a completed product.
bill of materials
a document that contains information about
Bill of materials
An itemization of the parts and subassemblies required to create a
Bill of materials (BOM)
A listing of all parts and subassemblies required to produce one
Large and creditworthy company.
Bottom-up equity management style
A management style that de-emphasizes the significance of economic
Breeder bill of materials
A bill of material that accounts for the generation and
The process of ensuring that actual financial results are in line with targets – see variance
Business Expansion Investment
The use of capital to create more money through the addition of fixed assets or through income producing vehicles.
Call money rate
Also called the broker loan rate , the interest rate that banks charge brokers to finance
A feature of some callable bonds that establishes an initial period when the bonds may not be
capital investment analysis
Refers to various techniques and procedures
money used to purchase fixed assets for a business, such as land, buildings, or machinery. Also, money invested in a business on the understanding that it will be used to purchase permanent assets rather than to cover day-to-day operating expenses.
The provision of some futures contracts that requires not delivery of underlying assets but
Cash Flow Provided or Used from Financing Activities
Cash receipts and payments involving
Cash Flow Provided or Used from Investing Activities
Cash receipts and payments involving
An internal department within a company staffed by specialists in collecting past due accounts or accounts receivable.
The negative float that is created between the time when you deposit a check in your account
The percentage of a given month's sales collected during the month of sale and each
procedures followed by a firm in attempting to collect accounts receivables.
procedures to collect and monitor receivables.
Committee, AIMR Performance Presentation Standards Implementation Committee
The Association for investment Management and Research (AIMR)'s performance Presentation standards Implementation
common-size balance sheet
balance sheet that presents items as a percentage of total assets.
Assets acquired to create money. May include plant, machinery and equipment, shares of another company etc.
company cost of capital
Expected rate of return demanded by investors in a company, determined by the average risk of the company’s assets and operations.
Related: Unsystematic risk
See asset-specific risk
An excess balance that is left in a bank to provide indirect compensation for loans
The entire portfolio, including risky and risk-free assets.
Comprehensive due diligence investigation
The investigation of a firm's business in conjunction with a
computer-aided design (CAD)
a system using computer graphics for product designs
Movement of cash from different lockbox locations into a single concentration
Verifying that a delivered product matches authorizing
Consumer Credit Protection Act
A federal Act specifying the proportion of
Contract Work Hours and Safety Standards Act
A federal Act requiring federal contractors to pay overtime for hours worked exceeding 40 per week.
50% of the outstanding votes plus one vote.
An account maintained in the general ledger that holds the balance without the detail. The detail is maintained in a subsidiary ledger.
a graphical presentation of the results of a
the additional value inherent in the control interest as contrasted to a minority interest, which reflects its power of control
a cost over which a manager has the ability to authorize incurrence or directly influence magnitude
The profit made by a division after deducting only those expenses that can be controlled by the
the budget variance of the two variance approach to analyzing overhead variances
A service that provides for a single presentation of checks each day (typically in
Controlled foreign corporation (CFC)
A foreign corporation whose voting stock is more than 50% owned
The corporate manager responsible for the firm's accounting activities.
the chief accountant (in a corporation) who is responsible
Officer responsible for budgeting, accounting, and auditing.
the process of exerting managerial influence on
Cost Accounting Standards Board (CASB)
a body established by Congress in 1970 to promulgate cost accounting
Cost company arrangement
Arrangement whereby the shareholders of a project receive output free of
The process of either reducing costs while maintaining the same level of productivity or maintaining costs while increasing productivity.
cost control system
a logical structure of formal and/or informal
cost of production report
a process costing document that
Cost of quality
The difference between the actual costs of production, selling and service and the costs that would be incurred if there were no failures during production or usage of products or services.
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.
A procedure for ensuring that transaction processing is completed
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.
Dedicating a portfolio
Related: cash flow matching.
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
A measure of EBITDA that is outlined or defined in a debt or credit agreement.
The tender and receipt of an actual commodity or financial instrument in settlement of a futures contract.
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