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Financial Terms | |
Leakage |
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Definition of LeakageLeakageRelease of information to some persons before official public announcement.
Related Terms:shrinkagea decrease in units arising from an inherent characteristic inventory shrinkageA term describing the loss of products from inventory Inventory ShrinkageA shortfall between inventory based on actual physical counts and inventory Shrinkage factorThe expected loss of some proportion of an item during the Accounting and Auditing Enforcement Release (AAER)Administrative proceedings or litigation Releases that entail an accounting or auditing-related violation of the securities laws. Aggregate Production FunctionAn equation determining aggregate output as a function of aggregate inputs such as labor and capital. Announcement dateDate on which particular news concerning a given company is announced to the public. ![]() Asian currency units (ACUs)Dollar deposits held in Singapore or other Asian centers. Asymmetric informationinformation that is known to some people but not to other people. Before-tax profit marginThe ratio of net income before taxes to net sales. business process reengineering (BPR)the process of combining information technology to create new and more effective Characteristic lineThe market model applied to a single security. The slope of the line is a security's beta. Corporate processing floatThe time that elapses between receipt of payment from a customer and the cost-benefit analysis the analytical process of comparing therelative costs and benefits that result from a specific course cost of production reporta process costing document that Devaluation A decrease in the spot price of the currency
![]() Diffusion processA conception of the way a stock's price changes that assumes that the price takes on all earnings before interest and income tax (EBIT)A measure of profit that Earnings before interest and taxes (EBIT)A financial measure defined as revenues less cost of goods sold Earnings before interest and taxes (EBIT)The operating profit before deducting interest and tax. Earnings before interest, taxes, depreciation and amortization (EBITDA)The operating profit before deducting interest, tax, depreciation and amortization. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)An earningsbased measure that, for many, serves as a surrogate for cash flow. Actually consists of working EBBS - Earnings before the bad stuffAn acronym attributed to a member of the Securities and EBDDT - Earnings before depreciation and deferred taxesThis measure is used principally by economic production run (EPR)an estimate of the number equivalent units of production (EUP)an approximation of the number of whole units of output that could have been Expected value of perfect informationThe expected value if the future uncertain outcomes could be known ![]() Factor of ProductionA resource used to produce a good or service. The main macroeconomic factors of production are capital and labor. FIFO method (of process costing)the method of cost assignment that computes an average cost per equivalent Future-Oriented Financial Informationinformation about prospective results of operations, financial position and/or changes in financial position, based on assumptions about future economic conditions and courses of action. Future-oriented financial information is presented as either a forecast or a projection. Go publicThe process of offering a company’s shares for sale to the public through an In-house processing floatRefers to the time it takes the receiver of a check to process the payment and informationbits of knowledge or fact that have been carefully Information asymmetryA situation involving information that is known to some, but not all, participants. Information Coefficient (IC)The correlation between predicted and actual stock returns, sometimes used to Information-content effectThe rise in the stock price following the dividend signal. information content of dividendsDividend increases send good news about cash flow and earnings. Dividend cuts send bad news. Information costsTransaction costs that include the assessment of the investment merits of a financial asset. Information-motivated tradesTrades in which an investor believes he or she possesses pertinent Information servicesOrganizations that furnish investment and other types of information, such as Informational efficiencyThe speed and accuracy with which prices reflect new information. Informationless tradesTrades that are the result of either a reallocation of wealth or an implementation of an Initial Public OfferingA firms first offering of its shares to the investment public, after registration requirements of the various securities regulators have been met. Initial public offering (IPO)A company's first sale of stock to the public. Securities offered in an IPO are initial public offering (IPO)First offering of stock to the general public. Insider informationRelevant information about a company that has not yet been made public. It is illegal for Ito processStatistical assumptions about the behavior of security prices. For joint processa manufacturing process that simultaneously Lean productionThe technique of stripping all non-value-added activities from Litigation Releaseofficial SEC record of a settlement or a hearing scheduled before a civil management information system (MIS)a structure of interrelated elements that collects, organizes, and communicates Medical Information BureauThis organization was established in 1902. The Medical information Bureau (M.I.B.) is a non-profit association of life insurance companies. Its purpose is to detect and deter fraud by providing warnings called, alerts, to member companies. For example, if an insurance applicant advised one insurance company of a heart attack and then applied to another insurance company omitting this history, codes, reported by the first insurance company, indicating a heart attack would alert the second insurance company to the undisclosed history. It is a rarity, however, that the alert is the only notice of a specific medical impairement as most applicants completely disclose their history. modified FIFO method (of process costing)the method of cost assignment that uses FIFO to compute a cost per multiprocess handlingthe ability of a worker to monitor Non-production overheadA general term referring to period costs, such as selling, administration and financial expenses. Official reservesHoldings of gold and foreign currencies by official monetary institutions. Official Settlements AccountAn account within the balance of payments accounts showing the change in a country's official foreign exchange reserves. It is used to measure a balance of payments deficit or surplus. Official statementA statement published by an issuer of a new municipal security describing itself and the issue Official unrequited transfersInclude a variety of subsidies, military aid, voluntary cancellation of debt, Price discovery processThe process of determining the prices of the assets in the marketplace through the ProcessA series of linked activities that result in a specific objective. For example, the process benchmarkingbenchmarking that focuses on practices and how the best-in-class companies achieved their results process complexityan assessment about the number of processes through which a product flows Process costingA method of costing for continuous manufacture in which costs for an accounting compared are compared with production for the same period to determine a cost per unit produced. Process costingA costing methodology that arrives at an individual product cost through the calculation of average costs for large quantities of identical products. process costing systema method of accumulating and assigning costs to units of production in companies producing large quantities of homogeneous products; Process flow productionA production configuration in which products are continually process mapa flowchart or diagram indicating every step process productivitythe total units produced during a period process quality yieldthe proportion of good units that resulted from the activities expended processing timethe actual time consumed performing the product- (or process-) level costa cost that is caused by the development, production, or acquisition of specific products or services 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 Profit before interest and taxes (PBIT)See EBIT. Public DebtSee national debt. Public offeringThe sale of registered securities by the issuer (or the underwriters acting in the interests of the Public offeringThe sale of new securities to the investing public. Public Oversight BoardAn independent private-sector body that oversees the audit practices Public Securities Administration (PSA)The trade association for primary dealers in U.S. government Public warehouseWarehouse operated by an independent warehouse company on its own premises. Publicly Held National DebtSee national debt. Publicly traded assetsAssets that can be traded in a public market, such as the stock market. Purchased In-Process Research and DevelopmentUnfinished research and development that is acquired from another firm. Reprocessed materialMaterial that has been reworked and returned to stock. Security characteristic lineA plot of the excess return on a security over the risk-free rate as a function of statistical process control (SPC)the use of control techniques that are based on the theory that a process has natural variations in it over time, but uncommon variations strict FIFO method (of process costing)the method of cost assignment that uses FIFO to compute a cost per equivalent unit and, in transferring units from a department, keeps the total units to account forthe sum of the beginning inventory UNITS OF PRODUCTIONA depreciation method that relates a machine’s depreciation to the number of units it makes each units started and completedthe difference between the number of units completed for the period and the units in beginning inventory; it can also be computed as the number of units started during the period minus the units in ending inventory Walsh-Healey Public Contracts Act of 1936A federal Act that forces government contractors to comply with the government’s minimum wage and hour rules. weighted average method (of process costing)the method of cost assignment that computes an average cost per Work-in-processAny items being converted into finished goods or Released from Work-in-process inventoryInventory that has been partially converted through the Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |