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Financial Terms | |
Participating fees |
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Definition of Participating feesParticipating feesThe portion of total fees in a syndicated credit that go to the participating banks.
Related Terms:12B-1 feesThe percent of a mutual fund's assets used to defray marketing and distribution expenses. The Custodial fees Feescharged by an institution that holds securities in safekeeping for an investor. Front End Feesfees paid when for example a financial instrument such as a loan is arranged. Non-participating PolicyA type of insurance policy or annuity in which the owner does not receive dividends. Participating GICA guaranteed investment contract where the policyholder is not guaranteed a crediting Participating PolicyA policy offers the potential of sharing in the success of an insurance company through the receipt of dividends. 12b-1 fundsMutual funds that do not charge an upfront or back-end commission, but instead take out up to ![]() Annual fund operating expensesFor investment companies, the management fee and "other expenses," 12b-1 fundsmutual funds that do not charge an upfront or back-end commission, but instead take out up to Abnormal returnsPart of the return that is not due to systematic influences (market wide influences). In Accidental Dismemberment: (Credit Insurance)Provides additional financial SECurity should an insured person be dismembered or lose the use of a limb as the result of an accident. Accrued expenses payableexpenses that have to be recorded in order for the financial statements to be accurate. Accrued expenses usually do not involve the receipt of an invoice from the company providing the goods or services. accrued expenses payableThe account that records the short-term, noninterest- Acquisition of assetsA merger or consolidation in which an acquirer purchases the selling firm's assets. algorithma logical step-by-step problem-solving technique Amortization (Credit Insurance)Refers to the reduction of debt by regular payments of interest and principal in order to pay off a loan by maturity. ![]() Annual fund operating expensesFor investment companies, the management fee and "other expenses," Annual percentage rate (APR)The periodic rate times the number of periods in a year. For example, a 5% annual percentage rate (APR)Interest rate that is annualized using simple interest. Annual percentage yield (APY)The effective, or true, annual rate of return. The APY is the rate actually Asset-Backed SecuritiesBond or note SECured by assets of company. Asset-backed securityA SECurity that is collateralized by loans, leases, receivables, or installment contracts AssetsA firm's productive resources. ASSETSAnything of value that a company owns. AssetsThings that the business owns. AssetsItems owned by the company or expenses that have been paid for but have not been used up. Assets requirementsA common element of a financial plan that describes projected capital spending and the ![]() Available-for-Sale SecurityA debt or equity SECurity not classified as a held-to-maturity SECurity or a trading SECurity. Can be classified as a current or noncurrent investment depending on the intended holding period. Back feeThe fee paid on the extension date if the buyer wishes to continue the option. Balanced fundAn investment company that invests in stocks and bonds. The same as a balanced mutual fund. Balanced mutual fundThis is a fund that buys common stock, preferred stock and bonds. The same as a Bargain-purchase-price optionGives the lessee the option to purchase the asset at a price below fair market 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. Best-interests-of-creditors testThe requirement that a claim holder voting against a plan of reorganization Beta equation (Mutual Funds)The beta of a fund is determined as follows: Beta (Mutual Funds)The measure of a fund's or stocks risk in relation to the market. A beta of 0.7 means Book-entry securitiesThe Treasury and federal agencies are moving to a book-entry system in which SECurities are not represented by engraved pieces of paper but are maintained in computerized records at the Borrower (Credit Insurance)A consumer who borrows money from a lender. CAPITAL IN EXCESS OF PAR VALUEWhat a company collected when it sold stock for more than the par value per share. Capital in excess paramounts in excess of the par value or stated value that have been paid by the public to acquire stock in the company; synonymous with additional paid-in capital. 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 Provided or Used from Financing ActivitiesCash receipts and payments involving Cash Flow Provided or Used from Investing ActivitiesCash receipts and payments involving charge-back systema system using transfer prices; see transfer Chicago Mercantile Exchange (CME)A not-for-profit corporation owned by its members. Its primary Closed-end fundAn investment company that sells shares like any other corporation and usually does not Closing purchaseA transaction in which the purchaser's intention is to reduce or eliminate a short position in Commercial Business Loan (Credit Insurance)An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes. Commitment feeA fee paid to a commercial bank in return for its legal commitment to lend funds that have Comparative credit analysisA method of analysis in which a firm is compared to others that have a desired Conditional sales contractsSimilar to equipment trust certificates except that the lender is either the ConsignorA party shipping goods to a consignee. The consignee then makes an effort to sell Consortium banksA merchant banking subsidiary set up by several banks that may or may not be of the Consumer creditcredit granted by a firm to consumers for the purchase of goods or services. Also called Consumer Credit Protection ActA federal Act specifying the proportion of ContangoA market condition in which futures prices are higher in the distant delivery months. Contingent deferred sales charge (CDSC)The formal name for the load of a back-end load fund. Convertible securityA SECurity that can be converted into common stock at the option of the SECurity holder, Cost of fundsInterest rate associated with borrowing money. 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 Cost of salesThe manufacture or purchase price of goods sold in a period or the cost of providing a service. 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 CreditMoney loaned. CreditBuying or selling goods or services now with the intention of payment following at some time in CreditOne side of a journal entry, usually depicted as the right side. CreditA rating of a company's credit (ability to payback debt), usually by a third party credit agency. creditOn your bank statement, 'credit' represents funds that you have deposited into your account. The opposite of a credit is a debit. Credit analysisThe process of analyzing information on companies and bond issues in order to estimate the credit analysisProcedure to determine the likelihood a customer will pay its bills. credit bureauAn organization that provides financial institutions with credit information concerning existing or potential customers who are looking to obtain credit services. credit cardA revolving source of credit with a pre-established limit. You have to pay interest on a credit card if you have an outstanding balance. Credit CrunchA decline in the ability or willingness of banks to lend. Credit enhancementPurchase of the financial guarantee of a large insurance company to raise funds. Credit LossA loan receivable that has proven uncollectible and is written off. credit memoA record of the funds which have been credited to your account. Credit periodThe length of time for which the customer is granted credit. credit policyStandards set to determine the amount and nature of credit to extend to customers. Credit RationingRestriction of loans by lenders so that not all borrowers willing to pay the current interest rate are able to obtain loans. Credit riskThe risk that an issuer of debt SECurities or a borrower may default on his obligations, or that the Credit RiskFinancial and moral risk that an obligation will not be paid and a loss will result. Credit scoringA statistical technique wherein several financial characteristics are combined to form a single Credit spreadRelated:Quality spread Credit TermsConditions under which credit is extended by a lender to a borrower. Credit Unioncredit unions are community based financial co-operatives and most offer a full range of services. All are owned and controlled by members who are also shareholders. credit unions are regulated provincially and insured by a stabilization fund, deposit insurance or guarantee corporation. Crediting rateThe interest rate offered on an investment type insurance policy. CreditorLender of money. CreditorPerson or business that is owed money. Creditor (Credit Insurance)A lender or lending institution that offers financing and loans to a borrower, for the purpose of acquiring a commodity. Creditor Proof ProtectionThe creditor proof status of such things as life insurance, non-registered life insurance investments, life insurance RRSPs and life insurance RRIFs make these attractive products for high net worth individuals, professionals and business owners who may have creditor concerns. Under most circumstances the creditor proof rules of the different provincial insurance acts take priority over the federal bankruptcy rules. CreditorsPurchases of goods or services from suppliers on credit to whom the debt is not yet paid. Or a Critical Illness Insurance (Credit Insurance)Coverage that provides a lump-sum payment should you become seriously ill with a specified illness. The payment is made to your creditors to pay off your debt owing. Cross-sectional approachA statistical methodology applied to a set of firms at a particular point in time. Cumulative abnormal return (CAR)Sum of the differences between the expected return on a stock and the Cumulative probability distributionA function that shows the probability that the random variable will Current assetsValue of cash, accounts receivable, inventories, marketable SECurities and other assets that Current assetsCash, things that will be converted into cash within a year (such as accounts receivable), and inventory. Current assetsamounts receivable by the business within a period of 12 months, including bank, debtors, inventory and prepayments. current assetsCurrent refers to cash and those assets that will be turned Current AssetsCash and other company assets that can be readily turned into cash within one year. Days' sales in inventory ratioThe average number of days' worth of sales that is held in inventory. Days' sales outstandingAverage collection period. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |