|Open (good-til-cancelled) order|
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Definition of Open (good-til-cancelled) order
Open (good-til-cancelled) order
An individual investor can place an order to buy or sell a security. That
Ratio of consumption to disposable income. See also marginal propensity to consume.
Ratio of saving to disposable income. See also marginal propensity to save.
A conditional trading order that indicates a security may be purchased only at the designated
To buy at the beginning of a trading session at a price within the opening range.
The proportion of capacity that is able to be utilized to fulfil customer demand for products
A not-for-profit corporation owned by its members. Its primary
the total cost of the
The cost of merchandise that a company sold this year. For manufacturing companies, the cost of raw
See cost of sales.
The cost of the items that were sold during the current period.
The accumulated total of all costs used to create a product or service,
The charge to expense of the direct materials, direct labor, and
Refers to the volatility of returns on international investments caused by events associated
An order to buy or sell stock that automatically expires if it can't be executed on the day it is entered.
A picking method requiring the sequential completion of
economic order quantity
order 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 order
A trading order that is canceled unless executed within a designated time period.
Finished goods inventory
goods that have been completed by the manufacturing
Finished goods inventory
Completed inventory items ready for shipment to
A delivery in which everything - endorsement, any necessary attached legal papers, etc. - is in
Good delivery and settlement procedures
Refers to PSA Uniform Practices such as cutoff times on delivery
Good 'til canceled
Sometimes simply called "GTC", it means an order to buy or sell stock that is good until
Whatever measure of the money supply is chosen for application of the monetarist rule will soon begin to misbehave.
Excess of the purchase price over the fair market value of the net assets acquired under purchase
The excess of the price paid to buy another company over the book value of
Intangible assets of a firm established by the excess of the price paid for the going concern over the value of its assets.
The expected volatility in a stock's return derived from its option price, maturity date,
For an option, the variance that makes a call option price
A good used in producing another good.
job order cost sheet
a source document that provides virtually
job order costing system
a system of product costing used
An order to buy a stock at or below a specified price or to sell a stock at or above a specified
Limit order book
A record of unexecuted limit orders that is maintained by the specialist. These orders are
A production scheduling system under which products are only
Marginal Propensity to Consume
Fraction of an increase in disposable income that is spent on consumption.
Marginal Propensity to Import
Fraction of an increase in disposable income that is spent on imports.
Marginal Propensity to Save
Fraction of an increase in disposable income that is saved.
This is an order to immediately buy or sell a security at the current trading price.
A 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 material
An itemization of all bill of material components, including
A term used to describe a situation in which a business combination
Negotiable order of withdrawal (NOW)
Demand deposits that pay interest.
Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt,
Agreement whereby sales are made with no formal debt contract.
See: unmatched book.
a philosophy about increasing a firm’s performance by involving all workers and by ensuring
Contracts which have been bought or sold without the transaction having been completed by
An economy which engages in a significant amount of trade. Contrast with closed economy.
Also called a mutual fund, an investment company that stands ready to sell new shares to the
Mortgage against which additional debts may be issued. Related: closed-end mortgage.
The total number of derivative contracts traded that not yet been liquidated either by an
Purchase or sale of government securities by the monetary authorities to increase or
Buying or selling of bonds by the central bank.
Open-market purchase operation
A systematic program of repurchasing shares of stock in market
The method of trading used at futures exchanges, typically involving calling out the specific
A net long or short position whose value will change with a change in prices.
open purchase ordering
a process by which a single purchase
A repo with no definite term. The agreement is made on a day-to-day basis and either the
The range of prices at which the first bids and offers were made or first transactions were
A transaction in which the purchaser's intention is to create or increase a long position in
A transaction in which the seller's intention is to create or increase a short position in a given
The period at the beginning of the trading session officially designated by the exchange during
Order penetration point
The point in the production process when a product is
The process of moving items from stock for shipment to customers.
the level of inventory that triggers the placement
the variable cost associated with preparing,
pecking order theory
Firms 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
A 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 and
services are readily convertible into known amounts of cash or claims to cash.
Reopen an issue
The Treasury, when it wants to sell additional securities, will occasionally sell more of an
Ratio of excess return to portfolio standard deviation.
Sell limit order
Conditional trading order that indicates that a, security may be sold at the designated price or
special order decision
a situation in which management must determine a sales price to charge for manufacturing or service jobs outside the company’s normal production/service market
Contracts where the bidding firm in a takeover attempt agrees to limit its holdings
A stop order that designates a price limit. In contrast to the stop order, which becomes a
An 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
an item that can replace another item to satisfy the same wants or needs
An indexing strategy that is linked to active management through the emphasis of a
Time until expiration
The time remaining until a financial contract expires. Also called time to maturity.
The measure of the welfare or satisfaction of an investor or person.
A mathematical expression that assigns a value to all possible choices. In portfolio theory the
The welfare a given investor assigns to an investment with a particular return and risk.
A measure of risk based on the standard deviation of investment fund performance over 3 years.
The probability of change
a. Another general term for sensitivity. b. The standard deviation
A 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.
The risk in the value of options portfolios due to the unpredictable changes in the volatility of
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