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Financial Terms | |
Open (good-til-cancelled) order |
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Definition of Open (good-til-cancelled) orderOpen (good-til-cancelled) orderAn individual investor can place an order to buy or sell a security. That
Related Terms:Average Propensity to ConsumeRatio of consumption to disposable income. See also marginal propensity to consume. Average Propensity to SaveRatio of saving to disposable income. See also marginal propensity to save. Buy limit orderA conditional trading order that indicates a security may be purchased only at the designated Buy on openingTo buy at the beginning of a trading session at a price within the opening range. Capacity utilizationThe proportion of capacity that is able to be utilized to fulfil customer demand for products Chicago Mercantile Exchange (CME)A not-for-profit corporation owned by its members. Its primary cost of goods manufactured (CGM)the total cost of the ![]() Cost of goods soldThe cost of merchandise that a company sold this year. For manufacturing companies, the cost of raw Cost of goods soldSee cost of sales. Cost of goods soldThe cost of the items that were sold during the current period. Cost of goods soldThe accumulated total of all costs used to create a product or service, Cost of goods soldThe charge to expense of the direct materials, direct labor, and Cross-border riskRefers to the volatility of returns on international investments caused by events associated Day orderAn order to buy or sell stock that automatically expires if it can't be executed on the day it is entered. Discrete order pickingA picking method requiring the sequential completion of economic order quantityorder size that minimizes total inventory costs. ![]() Economic order quantity (EOQ)The order quantity that minimizes total inventory costs. economic order quantity (EOQ)an estimate of the number engineering change order (ECO)a business mandate that changes the way in which a product is manufactured or a Federal Open Market Committee (FOMC)Fed committee that makes decisions about open-market operations. Fill or kill orderA trading order that is canceled unless executed within a designated time period. Finished goods inventorygoods that have been completed by the manufacturing Finished goods inventoryCompleted inventory items ready for shipment to Good deliveryA delivery in which everything - endorsement, any necessary attached legal papers, etc. - is in Good delivery and settlement proceduresRefers to PSA Uniform Practices such as cutoff times on delivery Good 'til canceledSometimes simply called "GTC", it means an order to buy or sell stock that is good until Goodhart's LawWhatever measure of the money supply is chosen for application of the monetarist rule will soon begin to misbehave. GoodwillExcess of the purchase price over the fair market value of the net assets acquired under purchase GoodwillThe excess of the price paid to buy another company over the book value of GoodwillIntangible assets of a firm established by the excess of the price paid for the going concern over the value of its assets. Implied volatilityThe expected volatility in a stock's return derived from its option price, maturity date, Implied volatilityFor an option, the variance that makes a call option price Intermediate GoodA good used in producing another good. job order cost sheeta source document that provides virtually job order costing systema system of product costing used Limit orderAn order to buy a stock at or below a specified price or to sell a stock at or above a specified Limit order bookA record of unexecuted limit orders that is maintained by the specialist. These orders are Make-to-orderA production scheduling system under which products are only Marginal Propensity to ConsumeFraction of an increase in disposable income that is spent on consumption. Marginal Propensity to ImportFraction of an increase in disposable income that is spent on imports. Marginal Propensity to SaveFraction of an increase in disposable income that is saved. Market orderThis is an order to immediately buy or sell a security at the current trading price. money orderA guaranteed form of payment in amounts up to and including $5,000. You might request a money order in order to pay for tuition fees at a university or a college, or for a magazine subscription. Multilevel bill of materialAn itemization of all bill of material components, including Negative goodwillA term used to describe a situation in which a business combination Negotiable order of withdrawal (NOW)Demand deposits that pay interest. Open accountArrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, open accountAgreement whereby sales are made with no formal debt contract. Open bookSee: unmatched book. open-book managementa philosophy about increasing a firm’s performance by involving all workers and by ensuring Open contractsContracts which have been bought or sold without the transaction having been completed by Open EconomyAn economy which engages in a significant amount of trade. Contrast with closed economy. Open-end fundAlso called a mutual fund, an investment company that stands ready to sell new shares to the Open-end mortgageMortgage against which additional debts may be issued. Related: closed-end mortgage. Open interestThe total number of derivative contracts traded that not yet been liquidated either by an Open-market operationPurchase or sale of government securities by the monetary authorities to increase or Open-Market OperationsBuying or selling of bonds by the central bank. Open-market purchase operationA systematic program of repurchasing shares of stock in market Open-outcryThe method of trading used at futures exchanges, typically involving calling out the specific Open positionA net long or short position whose value will change with a change in prices. open purchase orderinga process by which a single purchase Open repoA repo with no definite term. The agreement is made on a day-to-day basis and either the Opening priceThe range of prices at which the first bids and offers were made or first transactions were Opening purchaseA transaction in which the purchaser's intention is to create or increase a long position in Opening saleA transaction in which the seller's intention is to create or increase a short position in a given Opening, theThe period at the beginning of the trading session officially designated by the exchange during Order penetration pointThe point in the production process when a product is Order pickingThe process of moving items from stock for shipment to customers. order pointthe level of inventory that triggers the placement ordering costthe variable cost associated with preparing, pecking order theoryFirms prefer to issue debt rather than equity if internal finance is insufficient. Pecking-order view (of capital structure)The argument that external financing transaction costs, especially Preopening CostsA form of start-up cost incurred in preparing for the opening of a new store or facility. Realizable Revenue A revenue transaction where assets received in exchange for goods andservices are readily convertible into known amounts of cash or claims to cash. Reopen an issueThe Treasury, when it wants to sell additional securities, will occasionally sell more of an Reward-to-volatility ratioRatio of excess return to portfolio standard deviation. Sell limit orderConditional trading order that indicates that a, security may be sold at the designated price or special order decisiona situation in which management must determine a sales price to charge for manufacturing or service jobs outside the company’s normal production/service market Standstill agreementsContracts where the bidding firm in a takeover attempt agrees to limit its holdings Stop-limit orderA stop order that designates a price limit. In contrast to the stop order, which becomes a Stop-loss orderAn order to sell a stock when the price falls to a specified level. Stop order (or stop)An order to buy or sell at the market when a definite price is reached, either above (on a substitute goodan item that can replace another item to satisfy the same wants or needs Tilted portfolioAn indexing strategy that is linked to active management through the emphasis of a Time until expirationThe time remaining until a financial contract expires. Also called time to maturity. UtilityThe measure of the welfare or satisfaction of an investor or person. Utility functionA mathematical expression that assigns a value to all possible choices. In portfolio theory the Utility valueThe welfare a given investor assigns to an investment with a particular return and risk. VolatilityA measure of risk based on the standard deviation of investment fund performance over 3 years. VolatilityThe probability of change Volatilitya. Another general term for sensitivity. b. The standard deviation volatilityA measure of the amount of change in the daily price of a security over a specified period of time. It is Uusually given as the standard deviation of the daily price changes of that security on an annual basis. Volatility riskThe risk in the value of options portfolios due to the unpredictable changes in the volatility of Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |