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Financial Terms | |
Packing slip |
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Definition of Packing slipPacking slipA document attached to a customer shipment, describing the contents
Related Terms:SlippageThe difference between estimated transaction costs and actual transaction costs. The difference is Trading costsCosts of buying and selling marketable securities and borrowing. Trading costs include Actual costThe actual expenditure made to acquire an asset, which includes the supplierinvoiced actual cost systema valuation method that uses actual direct ActualsThe physical commodity underlying a futures contract. Cash commodity, physical. administrative departmentan organizational unit that performs management activities benefiting the entire organization; Agency costsThe incremental costs of having an agent make decisions for a principal. ![]() Arm's length priceThe price at which a willing buyer and a willing unrelated seller would freely agree to Ask priceA dealer's price to sell a security; also called the offer price. Avoidable costscosts that are identifiable with and able to be influenced by decisions made at the business Bargain-purchase-price optionGives the lessee the option to purchase the asset at a price below fair market Basis priceprice expressed in terms of yield to maturity or annual rate of return. Bid priceThis is the quoted bid, or the highest price an investor is willing to pay to buy a security. Practically Bull spreadA spread strategy in which an investor buys an out-of-the-money put option, financing it by Call priceThe price, specified at issuance, at which the issuer of a bond may retire part of the bond at a Call priceThe price for which a bond can be repaid before maturity under a call provision. ![]() capitalization of costsWhen a cost is recorded originally as an increase Carring costscosts that increase with increases in the level of investment in current assets. carrying costscosts of maintaining current assets, including opportunity cost of capital. Cash-equivalent itemsTemporary investments of currently excess cash in short-term, high-quality Cash transactionA transaction where exchange is immediate, as contrasted to a forward contract, which Clean priceBond price excluding accrued interest. Collection DepartmentAn internal department within a company staffed by specialists in collecting past due accounts or accounts receivable. CommissionThe fee paid to a broker to execute a trade, based on number of shares, bonds, options, and/or Commission brokerA broker on the floor of an exchange acts as agent for a particular brokerage house and Commission houseA firm which buys and sells future contracts for customer accounts. Related: futures Conflict between bondholders and stockholdersThese two groups may have interests in a corporation that ![]() Consumer Price Index (CPI)The CPI, as it is called, measures the prices of consumer goods and services and is a Consumer Price Index (CPI)An index calculated by tracking the cost of a typical bundle of consumer goods and services over time. It is commonly used to measure inflation. Conversion parity priceRelated:Market conversion price Convertible priceThe contractually specified price per share at which a convertible security can be Cost of limited partner capitalThe discount rate that equates the after-tax inflows with outflows for capital Cost Plus Estimated Earnings in Excess of BillingsRevenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts Costs Capitalized in StealthA particularly egregious form of aggressive cost capitalization costs of financial distresscosts arising from bankruptcy or distorted business decisions before bankruptcy. Counterpart itemsIn the balance of payments, counterpart items are analogous to unrequited transfers in the CounterpartiesThe parties to an interest rate swap. Counterparty Partyon the other side of a trade or transaction. Counterparty riskThe risk that the other party to an agreement will default. In an options contract, the risk Credit spreadRelated:Quality spread Delivery priceThe price fixed by the Clearing house at which deliveries on futures are in invoiced; also the Departmental stocksThe informal and frequently unauthorized retention of excess inventory on the shop floor, which is used as buffer safety stock. Devaluation A decrease in the spot price of the currency
Difference from S&PA mutual fund's return minus the change in the Standard & Poors 500 Index for the Direct costscosts that are readily traceable to particular products or services. Dirty priceBond price including accrued interest, i.e., the price paid by the bond buyer. Documented discount notesCommercial paper backed by normal bank lines plus a letter of credit from a Dollar price of a bondPercentage of face value at which a bond is quoted. 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 Effective call priceThe strike price in an optional redemption provision plus the accrued interest to the Effective spreadThe gross underwriting spread adjusted for the impact of the announcement of the common Equilibrium market price of riskThe slope of the capital market line (CML). Since the CML represents the Escalating Price OptionA nonqualified stock option that uses a sliding scale for Execution costsThe difference between the execution price of a security and the price that would have Exercise priceThe price at which the underlying future or options contract may be bought or sold. Exercise priceThe price set for buying an asset (call) or selling an asset (put). Fair market priceAmount at which an asset would change hands between two parties, both having Fair priceThe equilibrium price for futures contracts. Also called the theoretical futures price, which equals Fair price provisionSee:appraisal rights. Federal Employer Identification NumberA unique identification number issued Financial distress costsLegal and administrative costs of liquidation or reorganization. Also includes Financial Numbers GameThe use of creative accounting practices to alter a financial statement Fixed costscosts that do not change with increases or decreases in the volume of goods or services fixed costscosts that do not depend on the level of output. fixed expenses (costs)Expenses or costs that remain the same in amount, Fixed price basisAn offering of securities at a fixed price. Fixed-price tender offerA one-time offer to purchase a stated number of shares at a stated fixed price, Flat price (also clean price)The quoted newspaper price of a bond that does not include accrued interest. Flat price riskTaking a position either long or short that does not involve spreading. Friction costscosts, both implied and direct, associated with a transaction. Such costs include time, effort, Full priceAlso called dirty price, the price of a bond including accrued interest. Related: flat price. Funding CostsThe price of obtaining capital, either borrowed or equity, with intent to carry on business operations. Futures commission merchantA firm or person engaged in soliciting or accepting and handling orders for Futures priceThe price at which the parties to a futures contract agree to transact on the settlement date. General partnerA partner who has unlimited liability for the obligations of the partnership. General partnershipA partnership in which all partners are general partners. Going-private transactionsPublicly owned stock in a firm is replaced with complete equity ownership by a Gross spreadThe fraction of the gross proceeds of an underwritten securities offering that is paid as High priceThe highest (intraday) price of a stock over the past 52 weeks, adjusted for any stock splits. Highly leveraged transaction (HLT)Bank loan to a highly leveraged firm. Horizontal spreadThe simultaneous purchase and sale of two options that differ only in their exercise date. Incremental costs and benefitscosts and benefits that would occur if a particular course of action were Indifference curveThe graphical expression of a utility function, where the horizontal axis measures risk and Indirect costscosts that are necessary to produce a product/service but are not readily traceable to particular products or services – see overhead. Information coststransaction costs that include the assessment of the investment merits of a financial asset. Intercompany transactiontransaction carried out between two units of the same corporation. Intermarket spread swapsAn exchange of one bond for another based on the manager's projection of a Intramarket sector spreadThe spread between two issues of the same maturity within a market sector. For Invoice priceThe price that the buyer of a futures contract must pay the seller when a Treasury Bond is delivered. Item numberA number uniquely identifying a product or component. Law of large numbersThe mean of a random sample approaches the mean (expected value) of the Law of one priceAn economic rule stating that a given security must have the same price regardless of the law of one priceTheory that prices of goods in all countries should be equal when translated to a common currency. Limit priceMaximum price fluctuation Limit priceMaximum price fluctuation limited liability partnershipan organizational form that is a hybrid of the corporate and partnership organizational Limited partnerA partner who has limited legal liability for the obligations of the partnership. Limited partnershipA partnership that includes one or more partners who have limited liability. Limited partnershipA partnership that includes one or more partners who have limited liability. Low priceThis is the day's lowest price of a security that has changed hands between a buyer and a seller. 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