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Definition of order point
the level of inventory that triggers the placement
The point in the production process when a product is
an inventory ordering system in which a red
In the bond market, the smallest measure used for quoting yields is a basis point. Each percentage
One one-hundredth of one percent
One hundredth of one percentage point, or 0.0001.
One one-hundredth of a percentage point, used to express variations in yields. For example, the difference between 5.36 percent and 5.38 percent is 2 basis points.
A conventional unit of measure for bond prices set at $10 and equivalent to 1% of the $100 face
the level of activity, in units or dollars, at which total revenues equal total costs
The point at which total costs equal total revenue, i.e. where there is neither a profit nor a loss.
The annual sales volume level at which total contribution
The sales level at which a company, division, or product line makes a
A conditional trading order that indicates a security may be purchased only at the designated
The point below which the firm will need either to obtain additional financing
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.
Those points designated by futures exchanges at which the financial instrument or
Discrete order picking
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
Fill or kill order
A trading order that is canceled unless executed within a designated time period.
Free-on-Board (FOB) Shipping Point
A shipping arrangement agreed to between buyer and
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
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.
Negotiable order of withdrawal (NOW)
Demand deposits that pay interest.
Open (good-til-cancelled) order
An individual investor can place an order to buy or sell a security. That
open purchase ordering
a process by which a single purchase
The process of moving items from stock for shipment to customers.
the variable cost associated with preparing,
Outbound stock point
A designated inventory location on the shop floor between
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
The smallest unit of price change quoted or, one one-hundredth of a percent. Related: minimum price
Point and figure chart
A price-only chart that takes into account only whole integer changes in price, i.e., a
Point and figure chart
A financial chart usually used to plot asset price data.
point of sale (POS)
The terminal at which a customer uses his/her debit card to make a direct payment transaction. See also Interac Direct Payment.
A delivery of stock to a location in or near the shop floor
The storage of stock in a location in or near the shop floor
Price value of a basis point (PVBP)
Also called the dollar value of a basis point, a measure of the change in
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
the point at which the outputs of a joint process are first identifiable or can be separated as individual products
The point in a production process when clearly identifiable joint costs
An inventory storage area used for short-term inventory staging.
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
The trough or peak of a business cycle.
This is the person who benefits from the terms of a trust, a will, an RRSP, a RRIF, a LIF, an annuity or a life insurance policy. In relation to RRSP's, RRIF's, LIF's, Annuities and of course life insurance, if the beneficiary is a spouse, parent, offspring or grand-child, they are considered to be a preferred beneficiary. If the insured has named a preferred beneficiary, the death benefit is invariably protected from creditors. There have been some court challenges of this right of protection but so far they have been unsuccessful. See "Creditor Protection" below. A beneficiary under the age of 18 must be represented by an individual guardian over the age of 18 or a public official who represents minors generally. A policy owner may, in the designation of a beneficiary, appoint someone to act as trustee for a minor. Death benefits are not subject to income taxes. If you make your beneficiary your estate, the death benefit will be included in your assets for probate. Probate filing fees are currently $14 per thousand of estate value in British Columbia and $15 per thousand of estate value in Ontario.
Insured Retirement Plan
This is a recently coined phrase describing the concept of using Universal Life Insurance to tax shelter earnings which can be used to generate tax-free income in retirement. The concept has been described by some as "the most effective tax-neutralization strategy that exists in Canada today."
Threshold for refinancing
The point when the WAC of an MBS is at a level to induce homeowners to
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