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Financial Terms | |
multiprocess handling |
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Definition of multiprocess handlingmultiprocess handlingthe ability of a worker to monitor
Related Terms:AccountabilityThe process of satisfying stakeholders in the organization that managers have acted in the best interests of the stakeholders, a result of the stewardship function of managers, which takes place through accounting. acid test ratio (also called the quick ratio)The sum of cash, accounts receivable, and short-term marketable All equity rateThe discount rate that reflects only the business risks of a project and abstracts from the All-in costTotal costs, explicit and implicit. All or noneRequirement that none of an order be executed unless all of it can be executed at the specified price. All-or-none underwritingAn arrangement whereby a security issue is canceled if the underwriter is unable allocateassign based on the use of a cost driver, a cost predictor, ![]() allocationthe systematic assignment of an amount to a recipient AllocationThe process of storing costs in one account and shifting them to other Allocation base A measure of activity or volume such as labourhours, machine hours or volume of production Allowance for bad debtsAn offset to the accounts receivable balance, against which Allowance for doubtful accountsA contra account related to accounts receivable that represents the amounts that the company expects will not be collected. Allowance for Doubtful AccountsAn estimate of the uncollectible portion of accounts receivable Allowance methodA method of adjusting accounts receivable to the amount that is expected to be collected based on company experience. approximated net realizable value at split-off allocationa method of allocating joint cost to joint products using a Asset allocation decisionThe decision regarding how an institution's funds should be distributed among the ![]() Asset/liability managementAlso called surplus management, the task of managing funds of a financial Asset-specific RiskThe amount of total risk that can be eliminated by diversification by Availability floatChecks deposited by a company that have not yet been cleared. availability floatChecks already deposited that have not yet been cleared. Balloon maturityAny large principal payment due at maturity for a bond or loan with or without a a sinking BARRA's performance analysis (PERFAN)A method developed by BARRA, a consulting firm in Base probability of lossThe probability of not achieving a portfolio expected return. Borrower falloutIn the mortgage pipeline, the risk that prospective borrowers of loans committed to be CallAn option that gives the right to buy the underlying futures contract. Call a. An option to buy a certain quantity of a stock or commodity for a Call an optionTo exercise a call option. ![]() Call dateA date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond Call money rateAlso called the broker loan rate , the interest rate that banks charge brokers to finance Call optionAn option contract that gives its holder the right (but not the obligation) to purchase a specified Call OptionA contract that gives the holder the right to buy an asset for a call optionRight to buy an asset at a specified exercise price on or before the exercise date. Call priceThe price, specified at issuance, at which the issuer of a bond may retire part of the bond at a Call priceThe price for which a bond can be repaid before maturity under a call provision. Call protectionA feature of some callable bonds that establishes an initial period when the bonds may not be Call provisionAn embedded option granting a bond issuer the right to buy back all or part of the issue prior Call riskThe combination of cash flow uncertainty and reinvestment risk introduced by a call provision. Call swaptionA swaption in which the buyer has the right to enter into a swap as a fixed-rate payer. The CallableA financial security such as a bond with a call option attached to it, i.e., the issuer has the right to Callable bondA bond that allows the issuer to buy back the bond at a callable bondBond that may be repurchased by the issuer before maturity at specified call price. Capital allocationdecision allocation of invested funds between risk-free assets versus the risky portfolio. Capital Consumption AllowanceSee depreciation. Capital Cost Allowance (CCA)The annual depreciation expense allowed by the Canadian Income Tax Act. Chinese wallCommunication barrier between financiers (investment bankers) and traders. This barrier is Committee, AIMR Performance Presentation Standards Implementation CommitteeThe Association for Investment Management and Research (AIMR)'s performance Presentation Standards Implementation Company-specific riskRelated: Unsystematic risk Companyspecific RiskSee asset-specific risk 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 Contingent LiabilityAn obligation that is dependent on the occurrence or nonoccurrence of Contingent pension liabilityUnder ERISA, the firm is liable to the plan participants for up to 39% of the net cost allocationthe assignment, using some reasonable basis, Covered callA short call option position in which the writer owns the number of shares of the underlying Covered call writing strategyA strategy that involves writing a call option on securities that the investor Cumulative probability distributionA function that shows the probability that the random variable will Current liabilityThis is typically the accounts payable, short-term notes payable, and Deferred callA provision that prohibits the company from calling the bond before a certain date. During this Deferred Tax LiabilityFuture tax obligation that results from the origination of a temporary Depreciation AllowancesTax deductions that businesses can claim when they spend money on investment goods. design for manufacturability (DFM)a process that is part of the project management of a new product; concerned with finding optimal solutions to minimizing product failures DisabilityInability to work due to injury or sickness. Disability InsuranceInsurance that pays you an ongoing income if you become disabled and are unable to pursue employment or business activities. There are limits to how much you can receive based on your pre-disability earnings. Rates will vary based on occupational duties and length of time in a particular industry. This kind of coverage has a waiting period before you can begin collecting benefits, usually 30, 60 or 90 days. The benefit paying period also varies from 2 years to age 65. A short waiting period will cost more that a longer waiting period. As well, a long benefit paying period will cost more than a short benefit paying period. Disability Insurance (Credit Insurance)Group Insurance designed to cover monthly obligations due to a borrower being unable to work due to sickness or injury. Discouraged WorkerAn unemployed person who gives up looking for work and so is no longer counted as in the labor force. DLOM (discount for lack of marketability)an amount or percentage deducted from an equity interest to reflect lack of marketability. Dynamic asset allocationAn asset allocation strategy in which the asset mix is mechanistically shifted in economically reworkedwhen the incremental revenue from the sale of reworked defective units is greater than Effective call priceThe strike price in an optional redemption provision plus the accrued interest to the Emerging Issues Task Force (EITF)A special committee of the Financial Accounting Standards Board established to reach consensus of how to account for new and unusual financial transactions that have the potential for creating differing financial reporting practices. Emerging Issues Task Force (EITF)A separate committee within the Financial Accounting Standards Board composed of 13 members representing CPA firms and preparers of financial statements Evidence of InsurabilityEvidence submitted to Canada Life that is used to determine whether an individual is eligible for the insurance coverage the individual has applied for. Fallacy of CompositionThe incorrect conclusion that something that is true for an individual is necessarily true for the economy as a whole. Fallout riskA type of mortgage pipeline risk that is generally created when the terms of the loan to be Federally related institutionsArms of the federal government that are exempt from SEC registration and Firm-specific riskSee:diversifiable risk or unsystematic risk. First-callWith CMOs, the start of the cash flow cycle for the cash flow window. flexible manufacturing system (FMS)a production system in which a single factory manufactures numerous variations Generally Accepted Accounting Principals (GAAP)A technical accounting term that encompasses the Generally accepted accounting principlesThe rules that accountants follow when processing accounting transactions and creating financial reports. The rules are primarily generally accepted accounting principles (GAAP)This important term generally accepted accounting principles (GAAP)Procedures for preparing financial statements. Generally Accepted Accounting Principles (GAAP)A common set of standards and procedures Generally Accepted Accounting Principles (GAAP)GAAP is the term used to describe the underlying rules basis on which financial statements are normally prepared. This is codified in the Handbook of The Canadian Institute of Chartered Accountants. Glass-Steagall ActA 1933 act in which Congress forbade commercial banks to own, underwrite, or deal in Health Insurance Portability and Accountability Act of 1996 (HIPAA)A federal Act expanding upon many of the insurance reforms created by High-Risk Small BusinessFirm viewed as being particularly subject to risk from an investors perspective. Implied callThe right of the homeowner to prepay, or call, the mortgage at any time. Installment saleThe sale of an asset in exchange for a specified series of payments (the installments). Institutionally Induced UnemploymentUnemployment due to institutional phenomena such as the degree of labor force unionization, the level of discrimination, and government policies such as unemployment insurance programs, minimum wages, or regulations on business. Internally efficient marketOperationally efficient market. internally generated fundsCash reinvested in the firm; depreciation plus earnings not paid out as dividends. Investor falloutIn the mortgage pipeline, risk that occurs when the originator commits loan terms to the Irrational call optionThe implied call imbedded in the MBS. Identified as irrational because the call is 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 LiabilityA financial obligation, or the cash outlay that must be made at a specific time to satisfy the LiabilityA dollar amount of obligation payable to another entity. LiabilityA probable future sacrifice of economic benefits arising from present obligations of Liability funding strategiesInvestment strategies that select assets so that cash flows will equal or exceed Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |