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Financial Terms | |
Kit |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: accounting, inventory control, inventory, investment, credit, payroll, financial advisor, stock trading, |
Definition of KitKitA group of components needed to assemble a finished product that has been
Related Terms:Aggregate Production FunctionAn equation determining aggregate output as a function of aggregate inputs such as labor and capital. Bargain-purchase-price optionGives the lessee the option to purchase the asset at a price below fair market by-productan incidental output of a joint process; it is salable, By-productA product that is an ancillary part of the primary production process, having By-productA material created incidental to a production process, which can be Cash deliveryThe provision of some futures contracts that requires not delivery of underlying assets but Closing purchaseA transaction in which the purchaser's intention is to reduce or eliminate a short position in ![]() cost of production reporta process costing document that DeliveryThe tender and receipt of an actual commodity or financial instrument in settlement of a futures contract. Delivery noticeThe written notice given by the seller of his intention to make delivery against an open, short Delivery optionsThe options available to the seller of an interest rate futures contract, including the quality Delivery pointsThose points designated by futures exchanges at which the financial instrument or Delivery policyA company’s stated goal for how soon a customer order will be Delivery priceThe price fixed by the Clearing house at which deliveries on futures are in invoiced; also the Delivery versus paymentA transaction in which the buyer's payment for securities is due at the time of Direct stock-purchase programsThe purchase by investors of securities directly from the issuer. ![]() economic components modelAbrams’ model for calculating DLOM based on the interaction of discounts from four economic components. economic production run (EPR)an estimate of the number Equity floorAn agreement in which one party agrees to pay the other at specific time periods if a specific equivalent units of production (EUP)an approximation of the number of whole units of output that could have been Factor of ProductionA resource used to produce a good or service. The main macroeconomic factors of production are capital and labor. Finished goods inventoryGoods that have been completed by the manufacturing Finished goods inventoryCompleted inventory items ready for shipment to FloorInterest-rate option that guarantees that the rate on a floating-rate Floor brokerA member who is paid a fee for executing orders for clearing members or their customers. A Floor planningArrangement used to finance inventory. A finance company buys the inventory, which is then Floor stocksLow-cost, high-usage inventory items stored near the shop floor, ![]() Floor traderA member who generally trades only for his own account, for an account controlled by him or Forward deliveryA transaction in which the settlement will occur on a specified date in the future at a price Good deliveryA delivery in which everything - endorsement, any necessary attached legal papers, etc. - is in Good delivery and settlement proceduresRefers to PSA Uniform Practices such as cutoff times on delivery grade (of product or service)the addition or removal of product Gross Domestic ProductTotal output of final goods and services produced within a country during a year. Gross domestic product (GDP)The market value of goods and services produced over time including the Gross National ProductTotal output of final goods and services produced by a country's citizens during a year. Gross national product (GNP)Measures and economy's total income. It is equal to GDP plus the income Group Life InsuranceThis is a very common form of life insurance which is found in employee benefit plans and bank mortgage insurance. In employee benefit plans the form of this insurance is usually one year renewable term insurance. The cost of this coverage is based on the average age of everyone in the group. Therefore a group of young people would have inexpensive rates and an older group would have more expensive rates. Group of five (G5/G-5) The five leading countries (France, Germany, Japan, United Kingdom, and the U.S.) that Group of seven (G7/G-7)The G-5 countries plus Canada and Italy. Group rotation managerA top-down manager who infers the phases of the business cycle and allocates Growth phaseA phase of development in which a company experiences rapid earnings growth as it produces Interest rate floorAn interest rate agreement in which payments are made when the reference rate falls Investment product line (IPML)The line of required returns for investment projects as a function of beta Joint productA product that has the highest sales value from among a group of products Lean productionThe technique of stripping all non-value-added activities from Making deliveryRefers to the seller's actually turning over to the buyer the asset agreed upon in a forward contract. Maturity phaseA phase of company development in which earnings continue to grow at the rate of the Minimum purchasesFor mutual funds, the amount required to open a new account (Minimum Initial Money purchase planA defined benefit contribution plan in which the participant contributes some part and National Income and Product AccountsThe national accounting system that records economic activity such as GDP and related measures. Net Domestic ProductGDP minus depreciation. Net National ProductGNP minus depreciation. Non-production overheadA general term referring to period costs, such as selling, administration and financial expenses. Open-market purchase operationA systematic program of repurchasing shares of stock in market open purchase orderinga process by which a single purchase Opening purchaseA transaction in which the purchaser's intention is to create or increase a long position in Opinion shoppingA practice prohibited by the SEC which involves attempts by a corporation to obtain Overnight delivery riskA risk brought about because differences in time zones between settlement centers Point-of-use deliveryA delivery of stock to a location in or near the shop floor Preferred Stock Stock that has a claim on assets and dividends of a corporation that are priorto that of common stock. Preferred stock typically does not carry the right to vote. Process flow productionA production configuration in which products are continually process productivitythe total units produced during a period ProductAny item intended for sale. product complexityan assessment about the number of components in a product product contribution marginthe difference between selling price and variable cost of goods sold Product costThe cost of goods or services produced. product costThis is a key factor in the profit model of a business. product product costa cost associated with making or acquiring inventory Product costThe total of all costs assigned to a product, typically including direct Product cycleThe time it takes to bring new and/or improved products to market. product life cyclea model depicting the stages through product line marginsee segment margin Product marketA business’s investment in technology, people and materials in order to make, buy and sell products or services to customers. product- (or process-) level costa cost that is caused by the development, production, or acquisition of specific products or services Product riskA type of mortgage-pipeline risk that occurs when a lender has an unusual loan in production or Product/service mixSee sales mix. product varietythe number of different types of products Production-flow commitmentAn agreement by the loan purchaser to allow the monthly loan quota to be Production overheadA general term referring to indirect costs. Production payment financingA method of nonrecourse asset-based financing in which a specified Production yield varianceThe difference between the actual and budgeted proportions productive capacitythe number of total units that could be ProductivityOutput per unit of input, usually measured as output per hour of labor. PurchaseTo buy, to be long, to have an ownership position. Purchase accountingMethod of accounting for a merger in which the acquirer is treated as having purchased Purchase agreementAs used in connection with project financing, an agreement to purchase a specific Purchase AgreementThis legal document records the final understanding of the parties with respect to the proposed transaction. Purchase and saleA method of securities distribution in which the securities firm purchases the securities Purchase discountsA contra account that reduces purchases by the amount of the discounts taken for early payment. Purchase fundResembles a sinking fund except that money is used only to purchase bonds if they are selling Purchase methodAccounting for an acquisition using market value for the consolidation of the two entities' Purchase methodAn accounting method used to combine the financial statements of Purchase pricePrice actually paid for a security. Typically the purchase Purchase returnsA contra account that reduces purchases by the amount of items purchased that were subsequently returned. Purchased In-Process Research and DevelopmentUnfinished research and development that is acquired from another firm. PurchasesItems purchased by the company for the purpose of resale. Purchases journalA journal used to record the transactions that result in a credit to accounts payable. purchasing costthe quoted price of inventory minus any Purchasing power parityThe notion that the ratio between domestic and foreign price levels should equal Purchasing Power ParityTheory that says that over the long run exchange rate changes offset any difference between foreign and domestic inflation. This result assumes that the real exchange rate remains constant, something that is not true even in the long run. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |