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Definition of kanban
the Japanese word for card; it was the original name
Schedule of depreciation rates allowed for tax purposes.
Clause causing repayment of a debt, if specified events occur or are not met.
A set of accounts that summarize the transactions of a business that have been recorded on source documents.
a segment of the production or service
a valuation method that uses actual direct
A protection against borrower fallout risk in the mortgage pipeline.
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.
Any payment received from investors for stock that exceeds
Difference between issue price and par value of stock. Also called capital surplus.
A collection of 32 regional electronic interbank networks used to
A banking clearinghouse that processes direct
A racking system using automated systems
A system of non-financial performance measurement that links innovation, customer and process measures to financial performance.
an approach to performance
Brokerage firms that help to find potential buyers or sellers of large block trades.
business intelligence (BI) system
a formal process for gathering and analyzing information and producing intelligence to meet decision making needs; requires information about
business process reengineering (BPR)
the process of combining information technology to create new and more effective
Certificates of Amortized Revolving Debt. Pass-through securities backed by credit card receivables.
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
a system using transfer prices; see transfer
A credit card from which payments are deducted over subsequent time periods.
Clearing House Automated Payments System (CHAPS)
A computerized clearing system for sterling funds
Clearing house / Clearinghouse
An adjunct to a futures exchange through which transactions executed its floor are settled by a
Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value
A firm which buys and sells future contracts for customer accounts. Related: futures
Commodities Exchange Center (CEC)
The location of five New York futures exchanges: Commodity
computer-aided manufacturing (CAM)
the use of computers to control production processes through numerically
computer integrated manufacturing (CIM)
the integration of two or more flexible manufacturing systems through the use of a host computer and an information networking system
Contract Work Hours and Safety Standards Act
A federal Act requiring federal contractors to pay overtime for hours worked exceeding 40 per week.
Corporate processing float
The time that elapses between receipt of payment from a customer and the
cost-benefit analysis the analytical process of comparing the
relative costs and benefits that result from a specific course
a responsibility center in which the manager has
cost control system
a logical structure of formal and/or informal
cost management system (CMS)
a set of formal methods
A revolving source of credit with a pre-established limit. You have to pay interest on a credit card if you have an outstanding balance.
A card which enables you to directly access your bank account when paying for purchases. So instead of paying in cash or with a credit card, a debit card allows the specified amount of the purchase to be electronically debited, or withdrawn, from your bank account. See Interac Direct Payment for an explanation of the actual procedures that you follow at the point of sale (POS) terminal to use your debit card.
A conception of the way a stock's price changes that assumes that the price takes on all
An unemployed person who gives up looking for work and so is no longer counted as in the labor force.
A branch warehouse containing finished goods and service
Du Pont system
A breakdown of ROE and ROA into component ratios.
Dupont system of financial control
Highlights the fact that return on assets (ROA) can be expressed in terms
economic components model
Abrams’ model for calculating DLOM based on the interaction of discounts from four economic components.
when the incremental revenue from the sale of reworked defective units is greater than
Electronic Federal Tax Payment Systems (EFTPS)
An electronic funds transfer system used by businesses to remit taxes to the government.
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
European Monetary System (EMS)
An exchange arrangement formed in 1979 that involves the currencies
Federal Reserve System
The central bank of the U.S., established in 1913, and governed by the Federal
Federal Reserve System
The central banking authority responsible for monetary policy in the United States.
Warehouse rented by a warehouse company on another firm's premises.
A warehouse into which service parts and finished goods are
FIFO method (of process costing)
the method of cost assignment that computes an average cost per equivalent
flexible manufacturing system (FMS)
a production system in which a single factory manufactures numerous variations
The I-551 Permanent Resident card, held by a resident alien.
hybrid costing system
a costing system combining characteristics
Imputation tax system
Arrangement by which investors who receive a dividend also receive a tax credit for
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
This clause in regular life insurance policy provides for voiding the contract of insurance for up to two years from the date of issue of the coverage if the life insured has failed to disclose important information or if there has been a misrepresentation of a material fact which would have prevented the coverage from being issued in the first place. After the end of two years from issue, a misrepresentation of smoking habits or age can still void or change the policy.
Total amount of dividends that would be paid on a share of stock over the next 12 months
The yield, based on the most recent quarterly rate times four. To determine the yield, divide
A clause in a contract providing for increases or decreases in inflation based on
Canada's bank machine and electronic debit system. If you use your bank card at a bank machine which displays the Interac symbol (and that bank machine is not your bank's machine), you will be charged a fee.
a responsibility center in which the manager
Statistical assumptions about the behavior of security prices. For
job order costing system
a system of product costing used
a manufacturing process that simultaneously
Just-in-time inventory systems
systems that schedule materials/inventory to arrive exactly as they are
a philosophy about when to do something;
A cluster of manufacturing, design, and delivery practices designed to
The term for several manufacturing innovations that
just-in-time manufacturing system
a production system that attempts to acquire components and produce inventory only as needed, to minimize product defects, and to
system whereby customers send payments to a post office box and a local bank collects and processes checks.
MACRS (Modified Accelerated Cost Recovery System)
A depreciation method created by the IRS under the Tax Reform Act of 1986. Companies must use it to depreciate all plant and equipment assets installed after December 31, 1986 (for tax purposes).
A project, such as digging holes and filling them up again, that has no useful purpose other than to make work.
management control system (MCS)
an information system that helps managers gather information about actual organizational occurrences, make comparisons against plans,
management information system (MIS)
a structure of interrelated elements that collects, organizes, and communicates
a linear or U-shaped production grouping of workers or machines
manufacturing cycle efficiency (MCE)
a ratio resulting from dividing the actual production time by total lead time;
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
Modified Accelerated Cost Recovery System (MACRS)
Depreciation method that allows higher tax deductions in early years and lower deductions later.
modified FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per
Money center banks
Banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.
Such a clause on a Euro loan permits the borrower to switch from one currency to
the ability of a worker to monitor
A technical trading strategy that combines mechanical rules, such as the CRISMA
Negative pledge clause
A bond covenant that requires the borrower to grant lenders a lien equivalent to any
Net working capital
Current assets minus current liabilities. Often simply referred to as working capital.
net working capital
Current assets minus current liabilities.
a flexible organization structure that
Nonmarket or firm-specific risk factors that can be eliminated by diversification. Also
normal cost system
a valuation method that uses actual
Original face value
The principal amount of the mortgage as of its issue date.
Original issue discount debt (OID debt)
Debt that is initially offered at a price below par.
The margin needed to cover a specific new position. Related: Margin, security deposit (initial)
Maturity at issue. For example, a five year note has an original maturity of 5 years; one
system whereby a depositor may write cheques in excess of the balance, with the bank automatically extending a loan to cover the shortage.
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