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Definition of Part
A specific component of a larger assembly.
an organizational unit that performs management activities benefiting the entire organization;
An internal department within a company staffed by specialists in collecting past due accounts or accounts receivable.
The discount rate that equates the after-tax inflows with outflows for capital
In the balance of payments, counterpart items are analogous to unrequited transfers in the
The parties to an interest rate swap.
on the other side of a trade or transaction.
The risk that the other party to an agreement will default. In an options contract, the risk
The informal and frequently unauthorized retention of excess inventory on the shop floor, which is used as buffer safety stock.
A partner who has unlimited liability for the obligations of the partnership.
A partnership in which all partners are general partners.
an organizational form that is a hybrid of the corporate and partnership organizational
A partner who has limited legal liability for the obligations of the partnership.
A partnership that includes one or more partners who have limited liability.
A partnership that includes one or more partners who have limited liability.
A publicly traded limited partnership.
A type of insurance policy or annuity in which the owner does not receive dividends.
Nonsignificant part number
An identifying number assigned to a part that conveys
A number uniquely identifying a product or component.
The planned reduction of similar parts through the standardization
The portion of total fees in a syndicated credit that go to the participating banks.
A guaranteed investment contract where the policyholder is not guaranteed a crediting
A policy offers the potential of sharing in the success of an insurance company through the receipt of dividends.
Fee charged by a bank for taking part in providing a loan.
Fraction of the noninstitutionalized population 16 years of age and over that is in the labor force.
a budget that has been developed
Shared ownership among two or more individuals, some of whom may, but do not necessarily,
A form of business organization in which owners have unlimited personal
Business owned by two or more persons who are personally responsible for all its liabilities.
Non-incorporated business venture of two or more individuals or companies. Profits or losses flow, directly and equally, to the partners.
An authorization to move a specific quantity of an item from
An entity whose management or operating policies can be controlled or significantly
parts that have been reconstructed to render them capable
parts requiring some modification before being substituted
an organizational unit that provides one or more specific functional tasks for other internal units
Significant part number
An identifying number assigned to an item that conveys
Strip mortgage participation certificate (strip PC)
Ownership interests in specified mortgages purchased
Special category of foreign-source "unearned" income that is currently taxed by the IRS whether
outsourcing of the moving and warehousing
part of the return that is not due to systematic influences (market wide influences). In
‘Buckets’ within the ledger, part of the accounting system. Each account contains similar transactions (line items) that are used for the production of financial statements. Or commonly used as an abbreviation for financial statements.
A situation in which market participation is a negative signal.
A forceful and intentional choice and application of accounting principles
a process of service department cost allocation
Date on which particular news concerning a given company is announced to the public.
A clause in a shareholders agreement preventing a company from issuing additional shares, without allowing the current shareholders the opportunity to participate in the offering to avoid dilution of their percentage ownership.
The party applying for an insurance policy.
A signed statement of facts made by a person applying for life insurance and then used by the insurance company to decide whether or not to issue a policy. The application becomes part of the insurance contract when the policy is issued.
Methods of financing in which lenders and equity investors look principally to the
Extent to which a company's net assets cover a particular debt obligation, class of preferred stock, or equity position.
Asset pricing model
A model, such as the Capital Asset Pricing Model (CAPM), that determines the required
A situation wherein participants in a transaction have different net tax rates.
The tendency of stocks preferred by the dividend discount model to share certain equity
The subsequent subtraction from inventory records of those parts used
Refers to accounts receivable from credit sales to customers
A “snapshot” statement that freezes a company on a particular day, like the last day of the year, and shows the balances in its asset, liability, and stockholders’ equity accounts. It’s governed by the formula:
Financial statement that shows the value of the
An international trade policy of competitive devaluations and increased protective
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.
Beneficiary (Credit Insurance)
The person or party designated to receive proceeds entitled by a benefit. Payment of a benefit is triggered by an event. In the case of credit insurance, the beneficiary will always be the creditor.
a listing of service departments in an order that begins with the one providing the most service
A wholesale write-down of assets and accrual of liabilities in an effort to make the
Bill of materials
An itemization of the parts and subassemblies required to create a
Bill of materials (BOM)
A listing of all parts and subassemblies required to produce one
With respect to convertible bonds, the value the security would have if it were not convertible
The expansionary part of a business cycle in which GDP is growing rapidly.
Break-even lease payment
The lease payment at which a party to a prospective lease is indifferent between
Break-even tax rate
The tax rate at which a party to a prospective transaction is indifferent between entering
the difference between total actual overhead
Mortgages in which monthly payments consist of principal and interest, with portions of these
A product that is an ancillary part of the primary production process, having
A date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond
The price, specified at issuance, at which the issuer of a bond may retire part of the bond at a
An embedded option granting a bond issuer the right to buy back all or part of the issue prior
Expenditures Purchases of productive long-lived assets, in particular, items of property,
That part of the balance of payments accounts that records demands for and supplies of a currency arising from purchases or sales of assets.
Amount used during a particular period to acquire or improve long-term assets such as
Placing one or more limits on the amount of new investment undertaken by a firm, either
capital structure, or capitalization
Terms that refer to the combination of
capitalization of costs
When a cost is recorded originally as an increase
CARs (cumulative abnormal returns)
a measure used in academic finance articles to measure the excess returns an investor would have received over a particular time period if he or she were invested in a particular stock.
Cash flow time-line
Line depicting the operating activities and cash flows for a firm over a particular period.
A party to an explicit or implicit contract.
Person or party making request for payment of benefits under the terms of an insurance policy.
Clearing House Automated Payments System (CHAPS)
A computerized clearing system for sterling funds
The grouping of investors who have a preference that the firm follow a particular financing
A broker on the floor of an exchange acts as agent for a particular brokerage house and
common body of knowledge (CBK)
the minimum set of knowledge needed by a person to function effectively in a particular field
That part of the capital stock of a corporation that carries voting rights and represents
One of two parties to a conditional sale agreement, the other being the conditional seller.
One of two parties to a conditional sale agreement, the other being the conditional buyer.
A legal document whereby the one party, usually the prospective investor, pledges to keep strictly confidential, and return on request, any and all information provided by the entrepreneur seeking funding.
A shipment of goods to a party who agrees to try to sell them to third parties. A
A party shipping goods to a consignee. The consignee then makes an effort to sell
Consolidated Omnibus Budget Reconciliation Act (COBRA)
A federal Act
Consumer Price Index (CPI)
The CPI, as it is called, measures the prices of consumer goods and services and is a
This is the person designated to receive the death benefit of a life insurance policy if the primary beneficiary dies before the life insured. This is a consideration when husband and wife make each other the beneficiary of their coverage. Should they both die in the same car accident or plane crash, the death benefits would go to each others estate and creditor claims could be made against them. particularly if minor children could be survivors, then a trustee contingent beneficiary should be named.
Contingent pension liability
Under ERISA, the firm is liable to the plan participants for up to 39% of the net
A formal written statement of the rights and obligations of each party to a transaction.
an external party that has been granted an outsourcing contract to produce a part or component for an entity
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