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Definition of Office supplies
The cost of the supplies used in running an office.
Brokerage house clerical operations that support, but do not include, the trading of stocks and
The amount of expense incurred for the general operation of an office.
officer who oversees the treasurer and controller and sets overall financial strategy.
General supplies used throughout a company and expensed at the time
For investment companies, the management fee and "other expenses,"
A security that is collateralized by loans, leases, receivables, or installment contracts
The fee paid on the extension date if the buyer wishes to continue the option.
An intercompany loan channeled through a bank.
A loan in which two companies in separate countries borrow each other's currency for a
1) When bond yields and prices fall, the market is said to back-up.
A market condition in which futures prices are lower in the distant delivery months than in
Another term for a repo.
An investment decision rule in which the cash flows are discounted at an
With respect to a project financing, an arrangement under which the sponsors of a project
The percentage of the assets that were spent to run a mutual fund (as of the last annual
Charged to an expense account, fully reducing reported profit of that year, as is appropriate for
Limitation on sale-and-leaseback
A bond covenant that restricts in some way a firm's ability to enter into
An option that allows the buyer to choose as the option strike price any price of the
Mortgage-Backed Securities Clearing Corporation
A wholly owned subsidiary of the Midwest Stock
Securities backed by a pool of mortgage loans.
Normal backwardation theory
Holds that the futures price will be bid down to a level below the expected
The length of time it takes to recover the initial cost of a project, without regard to the time value of money.
Related: retention rate.
Sale and lease-back
Sale of an existing asset to a financial institution that then leases it back to the user.
Stripped mortgage-backed securities (SMBSs)
Securities that redistribute the cash flows from the
The sale of an interest rate swap by one counterparty to the other, effectively ending the swap.
Tax clawback agreement
An agreement to contribute as equity to a project the value of all previously
What was spent to run the non-sales and non-manufacturing part of a company, such as office salaries and interest paid on loans.
The total amount that was spent to run a company this year.
What was spent to run the sales part of a company, such as sales salaries, travel, meals, and lodging for salespeople, and advertising.
Those that vary with the amount of goods you produce or sell. These may include utility bills, labor, etc.
The costs incurred in buying, making or producing goods and services.
The retrospective process of measuring performance, comparing it with plan and taking corrective action.
A method of investment appraisal that calculates the number of years taken for the cash flows from an investment to cover the initial capital outlay.
Accrued expenses payable
expenses 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.
An expense account that represents the portion of the cost of an asset that is being charged to expense during the current period.
Costs involved in running the company.
The amount paid to employees for services rendered; synonymous with salary expense and wage expense.
Payroll tax expense
The amount of tax associated with salaries that an employer pays to governments (federal, state, and local).
expenses that have been paid for but have not yet been used up; examples are prepaid insurance and prepaid rent.
The amount of expense paid for the use of property.
The amount paid to employees for services rendered; synonymous with payroll expense and wage expense.
The amount paid to employees for services rendered; synonymous with salary expense and payroll expense.
accrued expenses payable
The account that records the short-term, noninterest-
fixed expenses (costs)
expenses or costs that remain the same in amount,
Operating expenses that vary in proportion to
expenses that vary in close proportion to changes
expenses that change with changes in either sales volume
The number of years necessary for the net cash flows of an
a streamlined cost accounting method that speeds up, simplifies, and reduces accounting effort in an environment that minimizes inventory balances, requires
a system using transfer prices; see transfer
the time it takes an investor to recoup an
The reduction in value of an asset as it is used for current company operations.
The offsetting of a current year loss against the reported taxable
Any expense associated with the general, sales, and administrative
A capital budgeting analysis method that calculates the amount of
An expenditure that is paid for in one accounting period, but which
Time until cash flows recover the initial investment of the project.
Fraction of earnings retained by the firm.
Current Income Tax Expense
That portion of the total income tax provision that is based on
Deferred Income Tax Expense
That portion of the total income tax provision that is the result
Income Tax Expense
See income tax provision.
The subsequent subtraction from inventory records of those parts used
A procedure for making the effective date of a policy earlier than the application date. backdating is often used to make the age of the consumer at policy issue lower than it actually was in order to get a lower premium.
Back To Back Annuity
This term refers to the simultaneous issue of a life annuity with a non-guaranteed period and a guaranteed life insurance policy [usually whole life or term to 100]. The face value of the life insurance would be the same amount that was used to purchase the annuity. This combination of life annuity providing the highest payout of all types of annuities, along with a guaranteed life insurance policy allowed an uninsurable person to convert his/her RRSP into the best choice of annuity and guarantee that upon his/her death, the full value of the annuity would be paid tax free through the life insurance policy to his family members. However, in the early 1990's, the Federal tax authorities put a stop to the issuing of standard life rates to rated or uninsurable applicants. Insuring a life annuity in this manner is still an excellent way to provide guaranteed tax free funds to family members but the application for the annuity and the application for the life insurance are separate transactions and today, most likely conducted through two different insurance companies so that there is no suspicion of preferential treatment given to the life insurance application.
Bond or note secured by assets of company.
Refers to the investors percentage ownership of a company that can be re-acquired by the company, usually at a pre-determined amount.
Cost of doing business which does not change with the volume of business. Examples might be rent for business premises, insurance payments, heat and light.
The length of time required for the net revenues of an investment for the net revenues of an investment to return the cost of the investment.
Sale and Leaseback
An agreement in which the owner of a property sells that property to a person or institution and then leases it back again for an agreed period and rental.
management expense ratio (MER)
The total expenses expressed as an annualized percentage of daily average net assets. MER does not include brokerage fees and commissions, which are also payable by the Fund.
The amount of money the company must spend on overhead, distribution, taxes, underwriting the risk and servicing the policy. It is a factor in calculating premium rates.
This term has two quite different meanings. First, it may
cash flow from operating activities, or cash flow from profit
This equals the cash inflow from sales during the period minus the cash
Refers to the generally accepted accounting principle of allocating
Reported net income with selected nonrecurring items of revenue or gain
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