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Definition of Labour oncost
The non-salary or wage costs that follow from the payment of salaries or wages, e.g. National
hours, machine hours or volume of production
Venture capital corporations established by labour unions. They function as other venture capital corporations but are subject to government regulation.
Ratios that measure how effectively the firm is managing its assets.
The decision regarding how an institution's funds should be distributed among the
Methods of financing in which lenders and equity investors look principally to the
An estimation of price that uses the average or representative price of a
Related: Benchmark interest rate.
The probability of not achieving a portfolio expected return.
The measure of a fund's or stocks risk in relation to the market. A beta of 0.7 means
The beta of a fund is determined as follows:
decision allocation of invested funds between risk-free assets versus the risky portfolio.
The representing of accounting information over multiple years as percentages
Interest rate associated with borrowing money.
Indicated yield represents return on a share of a mutual fund held over the past 12
An asset allocation strategy in which the asset mix is mechanistically shifted in
Investment funds established for the support of institutions such as colleges, private
Non-interest bearing deposits held in reserve for depository institutions at their district Federal
Federal funds market
The market where banks can borrow or lend reserves, allowing banks temporarily
Federal funds rate
This is the interest rate that banks with excess reserves at a Federal Reserve district bank
Forward Fed funds
Fed funds traded for future delivery.
Funds From Operations (FFO)
Used by real estate and other investment trusts to define the cash flow from
Government sponsored enterprises
Privately owned, publicly chartered entities, such as the Student Loan
Graham-Harvey Measure 1
Performance measure invented by John Graham and Campbell Harvey. The
Graham-Harvey Measure 2
Performance measure invented by John Graham and Campbell Harvey. The
The number of days that a firm can finance operations without additional cash income.
Errors in measuring an explanatory variable in a regression that leads to biases in
Composed of currency and coins outside the banking system plus liabilities to the deposit money banks.
The calculation of the return realized by a money manager over some time interval.
Policy asset allocation
A long-term asset allocation method, in which the investor seeks to assess an
A relationship espoused by some technical analysts that signals continuing rises
Cash flow available after payment of taxes in the project.
Tactical Asset Allocation (TAA)
An asset allocation strategy that allows active departures from the normal
Term Fed Funds
Fed funds sold for a period of time longer than overnight.
Mutual funds that do not charge an upfront or back-end commission, but instead take out up to
An investment in a start-up business that is perceived to have excellent growth prospects but
This is the daily number of shares of a security that change hands between a buyer and a seller.
A method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing.
A method of costing that uses cost pools to accumulate the cost of significant business activities and then assigns the costs from the cost pools to products or services based on cost drivers.
Cost–volume–profit analysis (CVP)
A method for understanding the relationship between revenue, cost and sales volume.
The process of spreading production overhead equitably over the volume of production of goods or services.
A budget that allocates funds in line with strategies.
The capital invested in a business by the shareholders, including retained profits.
A variety of approaches that emphasize increasing shareholder value as the primary goal of every business.
A method of budgeting that ignores historical budgetary allocations and identifies the costs that are necessary to implement agreed strategies.
activity based costing (ABC)
A relatively new method advocated for the
a repetitive action performed in fulfillment of business functions
the process of detailing the various repetitive actions that are performed in making a product or
activity-based budgeting (ABB)
planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and
activity-based costing (ABC)
a process using multiple cost drivers to predict and allocate costs to products and services;
activity-based management (ABM)
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
a segment of the production or service
a measure of the demands on activities and,
the systematic assignment of an amount to a recipient
approximated net realizable value at split-off allocation
a method of allocating joint cost to joint products using a
attribute-based costing (ABC II)
an extension of activitybased costing using cost-benefit analysis (based on increased customer utility) to choose the product attribute
an activity that is necessary for the operation of the business but for which a customer would not want to pay
the assignment, using some reasonable basis,
analysis a procedure that examines
fixed overhead volume variance
see volume variance
net realizable value at split-off allocation
a method of allocating joint cost to joint products that uses, as the proration base, sales value at split-off minus all costs necessary
non-value-added (NVA) activity
an activity that increases the time spent on a product or service but that does not increase its worth or value to the customer
physical measurement allocation
a method of allocating a joint cost to products that uses a common physical characteristic as the proration base
a visual representation of the amount
sales value at split-off allocation
a method of assigning joint cost to joint products that uses the relative sales values of the products at the split-off point as the proration basis; use of this method requires that all joint products
value-added (VA) activity
an activity that increases the worth of the product or service to the customer
a fixed overhead variance that represents
a comprehensive budgeting process
Activity-based costing (ABC)
A cost allocation system that compiles costs and assigns
The process of storing costs in one account and shifting them to other
internally generated funds
Cash reinvested in the firm; depreciation plus earnings not paid out as dividends.
Money invested to finance a new firm.
The reference year when constructing a price index. By tradition it is given the value 100.
Federal Funds Rate
The interest rate at which banks lend deposits at the Federal Reserve to one another overnight.
See money base.
Cash plus deposits of the commercial banks with the central bank.
Unit of measure (UOM, UofM)
The summarization unit by which an item is tracked, such as a
Loans granted usually by a financial institution where the asset being financed constitutes the sole security given to the lender.
Equity and loan capital provided for a new and/or existing business undertaking by persons other than the proprietors.
Entity investing in companies that have an element of risk but offer potentially above average returns.
EFT (electronic funds transfer)
funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g. a pre-authorized monthly bill payment, or a monthly loan or mortgage payment). A wire transfer is a form of EFT.
Mutual funds that seek long-term capital growth. This type of fund invests primarily in equity securities.
Mutual funds that seek regular income. This type of fund invests primarily in government, corporate and other types of bonds, debt securities, and other income producing securities and in certain circumstances can also hold common and preferred shares.
Mutual funds that aim to track the performance of a specific stock or bond index. This process is also referred to as indexing and passive management.
NSF (non-sufficient funds)
This appears on your statement if there are insufficient funds in your account to cover a cheque that you have written or a pre-authorized payment that you have already arranged. You will be charged a service fee for non-sufficient funds.
Mutual funds that seek to preserve capital. This type of fund invests primarily in short-term securities with an average term to maturity of one year or less, or in the case of money market funds, 90 days or less.
Life insurance or annuity product in which the cash value and benefit level fluctuate according to the performance of an equity portfolio.
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