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Financial Terms | |
just-in-time (JIT) |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
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Definition of just-in-time (JIT)just-in-time (JIT)a philosophy about when to do something; Just-in-time (JIT)A cluster of manufacturing, design, and delivery practices designed to
Related Terms:Adjustable rate preferred stock (ARPS)Publicly traded issues that may be collateralized by mortgages and MBSs. Adjusted Cash Flow Provided by Continuing OperationsCash flow provided by operating Adjusted EarningsNet income adjusted to exclude selected nonrecurring and noncash items of reserve, gain, expense, and loss. Adjusted EBITDAConventional 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 ContinuingOperations Reported income from continuing operations Adjusted present value (APV)The net present value analysis of an asset if financed solely by equity ![]() Adjusting entriesThe entries needed at the end of an accounting period to properly state certain account balances. Break-even timeRelated: Premium payback period. Cash flow time-lineLine depicting the operating activities and cash flows for a firm over a particular period. Cumulative-Effect AdjustmentThe cumulative, after-tax, prior-year effect of a change in accounting Cumulative Translation Adjustment (CTA) accountAn entry in a translated balance sheet in which gains cycle timethe time between the placement of an order to employee time sheeta source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time idle timethe amount of time spent in storing inventory or inspection timethe time taken to perform quality control activities Inventory adjustmentA transaction used to adjust the book balance of an inventory JITsee just-in-time judgmental method (of risk adjustment)an informal method of adjusting for risk that allows the decision maker Just-in-time inventory systemsSystems that schedule materials/inventory to arrive exactly as they are Just-in-time manufacturingThe term for several manufacturing innovations that just-in-time manufacturing systema production system that attempts to acquire components and produce inventory only as needed, to minimize product defects, and to just-in-time traininga system that maps the skill sets employees lead timesee cycle time Market timerA money manager who assumes he or she can forecast when the stock market will go up and down. Net adjusted present valueThe adjusted present value minus the initial cost of an investment. Option-adjusted spread (OAS)1) The spread over an issuer's spot rate curve, developed as a measure of OvertimeA pay premium of 50 percent of the regular rate of pay that is earned Price AdjusterA firm that reacts to excess supply or excess demand by adjusting price rather than quantity. Contrast with quantity adjuster. processing timethe actual time consumed performing the Quantity AdjusterA firm that reacts to excess supply or excess demand by adjusting quantity rather than price. Contrast with price adjuster. Real timeA real time stock or bond quote is one that states a security's most recent offer to sell or bid (buy). Risk-adjustedreturn Return earned on an asset normalized for the amount of risk associated with that asset. risk-adjusted discount rate methoda formal method of adjusting for risk in which the decision maker increases the rate used for discounting the future cash flows to compensate for increased risk Risk-adjusted profitabilityA probability used to determine a "sure" expected value (sometimes called a Seasonal AdjustmentAdjustment to correct measures for changes that happen for seasonal reasons. service timethe actual time consumed performing the functions Time ClockA device used to stamp an employee’s incoming or outgoing time Time decayRelated: theta. Time depositInterest-bearing deposit at a savings institution that has a specific maturity. Time DepositSee term deposit. Time draftDemand for payment at a stated future date. Time premiumAlso called time value, the amount by which the option price exceeds its intrinsic value. The Time to maturityThe time remaining until a financial contract expires. Also called time until expiration. Time until expirationThe time remaining until a financial contract expires. Also called time to maturity. Time value of an optionThe portion of an option's premium that is based on the amount of time remaining Time value of moneyThe idea that a dollar today is worth more than a dollar in the future, because the dollar Time-weighted rate of returnRelated: Geometric mean return. TimecardA document or electronic record on which an employee records his or timelinerepresentation of the amounts and timing of all times interest earnedA ratio that tests the ability of a business to make Times-interest-earned ratioEarnings before interest and tax, divided by interest payments. Times Interest Earned RatioA measure of how well a company is able to meet its interest transfer timethe time consumed by moving products or Turnaround timetime available or needed to effect a turnaround. Material requirements planning (MRP)A computer-driven production methodology Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |