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Financial Terms | |
Net Pay |
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Definition of Net PayNet PayThe amount of an employee’s wages payable after all tax and other deductions have been removed.
Related Terms:Payments nettingReducing fund transfers between affiliates to only a netted amount. netting can be done on PaycardA credit card into which a company directly deposits an employee's net pay. Unclaimed Paynet pay not collected by an employee, which is typically transferred Accounts payableMoney owed to suppliers. ACCOUNTS PAYABLEAmounts a company owes to creditors. Accounts payableAmounts owed by the company for goods and services that have been received, but have not yet been paid for. Usually Accounts payable involves the receipt of an invoice from the company providing the services or goods. accounts payableShort-term, non-interest-bearing liabilities of a business ![]() Accounts payableAcurrent liability on the balance sheet, representing short-term obligations Accounts PayableAmounts due to vendors for purchases on open account, that is, not evidenced Accounts Payable Days (A/P Days)The number of days it would take to pay the ending balance Accrued expenses payableExpenses that have to be recorded in order for the financial statements to be accurate. Accrued expenses usually do not involve the receipt of an invoice from the company providing the goods or services. accrued expenses payableThe account that records the short-term, noninterest- approximated net realizable value at split-off allocationa method of allocating joint cost to joint products using a Automatic Benefits PaymentAutomatic payment of moneys derived from a benefit. Balance of paymentsA statistical compilation formulated by a sovereign nation of all economic transactions Balance of PaymentsThe difference between the demand for and supply of a country's currency on the foreign exchange market. ![]() Balance of Payments AccountsA statement of a country's transactions with other countries. Bonds payableAmounts owed by the company that have been formalized by a legal document called a bond. Break-even lease paymentThe lease payment at which a party to a prospective lease is indifferent between Break-even payment rateThe prepayment rate of a MBS coupon that will produce the same CFY as that of Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value contingent paycompensation that is dependent on the Coupon paymentsA bond's interest payments. Current Tax Payment Act of 1943A federal Act requiring employers to withhold income taxes from employee pay. Customary payout ratiosA range of payout ratios that is typical based on an analysis of comparable firms. Date of paymentDate dividend checks are mailed. Delivery versus paymentA transaction in which the buyer's payment for securities is due at the time of Discounted payback period ruleAn investment decision rule in which the cash flows are discounted at an Dividend payout ratioPercentage of earnings paid out as dividends. dividend payout ratioComputed by dividing cash dividends for the year dividend payout ratioPercentage of earnings paid out as dividends. Electronic Federal Tax Payment Systems (EFTPS)An electronic funds transfer system used by businesses to remit taxes to the government. Equal Pay Act of 1963A federal Act requiring that both sexes receive equal pay European Monetary System (EMS)An exchange arrangement formed in 1979 that involves the currencies Exposure nettingOffsetting exposures in one currency with exposures in the same or another currency, Feasible target payout ratiospayout ratios that are consistent with the availability of excess funds to make FHA prepayment experienceThe percentage of loans in a pool of mortgages outstanding at the origination Firm's net value of debtTotal firm value minus total firm debt. Fixed-rate payerIn an interest rate swap the counterparty who pays a fixed rate, usually in exchange for a Floating-rate payerIn an interest rate swap, the counterparty who pays a rate based on a reference rate, Full-payout leaseSee: financial lease. Graduated-payment mortgages (GPMs)A type of stepped-payment loan in which the borrower's payments Gross PayThe amount of earnings due to an employee prior to tax and other deductions. Interac® Direct PaymentInstead of paying with cash or a credit card, Interac Direct payment allows you to pay for your purchase with a debit card, such as your bank card. The amount of the purchase is electronically debited, or withdrawn, from your bank account (see debit card). Interest payableThe amount of interest that is owed but has not been paid at the end of a period. Interest paymentsContractual debt payments based on the coupon rate of interest and the principal amount. International Monetary FundAn organization founded in 1944 to oversee exchange arrangements of International Monetary Fund (IMF)Organization originally established to manage the postwar fixed exchange rate system. International Monetary Market (IMM)A division of the CME established in 1972 for trading financial Internet business modela model that involves intraneta mechanism for sharing information and delivering data from corporate databases to the local-area network (LAN) desktops Lag response of prepaymentsThere is typically a lag of about three months between the time the weighted Lease PaymentThe consideration paid by the lessee to the lessor in exchange for the use of the leased equipment/property. payments are usually made at fixed intervals. Level payThe characteristic of the scheduled principal and interest payments due under a mortgage such that Loans payableAmounts that have been loaned to the company and that it still owes. merit paya pay increment earned by achieving a specific MonetarismSchool of economic thought stressing the importance of the money supply in the economy. Adherents believe that the economy is inherently stable, so that policy is best undertaken through adoption of a policy rule. Monetarist RuleProposal that the money supply be increased at a steady rate equal approximately to the real rate of growth of the economy. Contrast with discretionary policy. Monetary AggregateAny measure of the economy's money supply. Monetary BaseSee money base. Monetary goldGold held by governmental authorities as a financial asset. Monetary / non-monetary methodUnder this translation method, monetary items (e.g. cash, accounts Monetary policyActions taken by the Board of Governors of the Federal Reserve System to influence the Monetary PolicyActions taken by the central bank to change the supply of money and the interest rate and thereby affect economic activity. Monetizing the DebtSee printing money. Net adjusted present valueThe adjusted present value minus the initial cost of an investment. Net advantage of refundingThe net present value of the savings from a refunding. Net advantage to leasingThe net present value of entering into a lease financing arrangement rather than Net advantage to mergingThe difference in total post- and pre-merger market value minus the cost of the merger. net asset valueThe value of all the holdings of a mutual fund, less the fund's liabilities. Net asset value (NAV)The value of a fund's investments. For a mutual fund, the net asset value per share Net assetsThe difference between total assets on the one hand and current liabilities and noncapitalized longterm Net benefit to leverage factorA linear approximation of a factor, T*, that enables one to operationalize the Net book valueThe current book value of an asset or liability; that is, its original book value net of any Net Cash after OperationsCash flow available for debt service—the payment of interest and principal on loans. Generally calculated as cash provided by operating activities before interest Net cash balanceBeginning cash balance plus cash receipts minus cash disbursements. Net changeThis is the difference between a day's last trade and the previous day's last trade. net cost of normal spoilagethe cost of spoiled work less the estimated disposal value of that work Net Domestic ProductGDP minus depreciation. Net errors and omissionsIn balance of payments accounting, net errors and omissions record the statistical Net ExportsExports minus imports. Net financing costAlso called the cost of carry or, simply, carry, the difference between the cost of financing Net floatSum of disbursement float and collection float. net floatDifference between payment float and availability float. Net incomeThe company's total earnings, reflecting revenues adjusted for costs of doing business, NET INCOMEThe profit a company makes after cost of goods sold, expenses, and taxes are subtracted from net sales. Net incomeThe last line of the Income Statement; it represents the amount that the company earned during a specified period. Net incomeThe excess of revenues over expenses, including the impact of income taxes. net income (also called the bottom line, earnings, net earnings, and netoperating earnings) Net inventoryThe current inventory balance, less allocated or reserved items. Net investmentGross, or total, investment minus depreciation. Net InvestmentInvestment spending minus depreciation. Net leaseA lease arrangement under which the lessee is responsible for all property taxes, maintenance Net National ProductGNP minus depreciation. Net operating lossesLosses that a firm can take advantage of to reduce taxes. Net operating marginThe ratio of net operating income to net sales. Net periodThe period of time between the end of the discount period and the date payment is due. Net present valueA discounted cash flow methodology that uses a required rate of Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |