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Financial Terms | |
Pay-up |
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Definition of Pay-upPay-upThe loss of cash resulting from a swap into higher price bonds or the need/willingness of a bank or
Related Terms:Coupon paymentsA bond's interest payments. Accounts payableMoney owed to suppliers. ACCOUNTS PAYABLEAmounts a company owes to creditors. Accounts payableAmounts owed by the company for goods and services that have been received, but have not yet been paid for. Usually Accounts payable involves the receipt of an invoice from the company providing the services or goods. accounts payableShort-term, non-interest-bearing liabilities of a business Accounts payableAcurrent liability on the balance sheet, representing short-term obligations Accounts PayableAmounts due to vendors for purchases on open account, that is, not evidenced ![]() Accounts Payable Days (A/P Days)The number of days it would take to pay the ending balance 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- Aggregate SupplyTotal quantity of goods and services supplied. Aggregate Supply CurveCombinations of price level and income for which the labor market is in equilibrium. The short-run aggregate supply curve incorporates information and price/wage inflexibilities in the labor market, whereas the long-run aggregate supply curve does not. Automatic Benefits PaymentAutomatic payment of moneys derived from a benefit. Back-up1) When bond yields and prices fall, the market is said to back-up. Balance of paymentsA statistical compilation formulated by a sovereign nation of all economic transactions Balance of PaymentsThe difference between the demand for and supply of a country's currency on the foreign exchange market. ![]() Balance of Payments AccountsA statement of a country's transactions with other countries. BankruptcyState of being unable to pay debts. Thus, the ownership of the firm's assets is transferred from bankruptcyThe reorganization or liquidation of a firm that cannot pay its debts. Bankruptcy cost viewThe argument that expected indirect and direct bankruptcy costs offset the other Bankruptcy riskThe risk that a firm will be unable to meet its debt obligations. Also referred to as default or insolvency risk. Bankruptcy viewThe argument that expected bankruptcy costs preclude firms from being financed entirely Bonds payableAmounts owed by the company that have been formalized by a legal document called a bond. Bottom-up equity management styleA management style that de-emphasizes the significance of economic Break-even lease paymentThe lease payment at which a party to a prospective lease is indifferent between Break-even payment rateThe prepayment rate of a MBS coupon that will produce the same CFY as that of Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds ![]() Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value contingent paycompensation that is dependent on the CouponThe periodic interest payment made to the bondholders during the life of the bond. CouponDetachable certificate attached to a bond that shows the amount of couponThe interest payments paid to the bondholder. CouponThe annual interest payment associated with a bond. Coupon BondAny bond with a coupon. Contrast with discount bond. Coupon / CouponsThe periodic interest payment(s) made by the issuer of a bond Coupon datesThe dates when the coupons are paid. Typically a bond pays Coupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. Coupon rateIn bonds, notes or other fixed income securities, the stated percentage rate of interest, usually Coupon RateThe rate of interest paid on a debt security. Generally stated on an Coupon rateThe nominal interest rate that the issuer promises to pay the coupon rateAnnual interest payment as a percentage of face value. Current couponA bond selling at or close to par, that is, a bond with a coupon close to the yields currently Current-coupon issuesRelated: Benchmark issues Current Tax Payment Act of 1943A federal Act requiring employers to withhold income taxes from employee pay. Customary payout ratiosA range of payout ratios that is typical based on an analysis of comparable firms. Date of paymentDate dividend checks are mailed. Delivery versus paymentA transaction in which the buyer's payment for securities is due at the time of Discounted payback period ruleAn investment decision rule in which the cash flows are discounted at an Dividend payout ratioPercentage of earnings paid out as dividends. dividend payout ratioComputed by dividing cash dividends for the year dividend payout ratioPercentage of earnings paid out as dividends. Dupont system of financial controlHighlights the fact that return on assets (ROA) can be expressed in terms Electronic Federal Tax Payment Systems (EFTPS)An electronic funds transfer system used by businesses to remit taxes to the government. Equal Pay Act of 1963A federal Act requiring that both sexes receive equal pay equivalent units of production (EUP)an approximation of the number of whole units of output that could have been Evening upBuying or selling to offset an existing market position. Excess SupplyA situation in which supply exceeds demand. Feasible target payout ratiospayout ratios that are consistent with the availability of excess funds to make FHA prepayment experienceThe percentage of loans in a pool of mortgages outstanding at the origination Fixed-rate payerIn an interest rate swap the counterparty who pays a fixed rate, usually in exchange for a Floating-rate payerIn an interest rate swap, the counterparty who pays a rate based on a reference rate, Floating supplyThe amount of securities believed to be available for immediate purchase, that is, in the Foreign Corrupt Practices Act (FCPA)a law passed by U.S. Congress in 1977 that makes it illegal for a U.S. company to engage in various “questionable” foreign payments and Full coupon bondA bond with a coupon equal to the going market rate, thereby, the bond is selling at par. Full-payout leaseSee: financial lease. Give upThe loss in yield that occurs when a block of bonds is swapped for another block of lower-coupon Graduated-payment mortgages (GPMs)A type of stepped-payment loan in which the borrower's payments Gross PayThe amount of earnings due to an employee prior to tax and other deductions. Group Life InsuranceThis is a very common form of life insurance which is found in employee benefit plans and bank mortgage insurance. In employee benefit plans the form of this insurance is usually one year renewable term insurance. The cost of this coverage is based on the average age of everyone in the group. Therefore a group of young people would have inexpensive rates and an older group would have more expensive rates. Group of five (G5/G-5) The five leading countries (France, Germany, Japan, United Kingdom, and the U.S.) that Group of seven (G7/G-7)The G-5 countries plus Canada and Italy. Group rotation managerA top-down manager who infers the phases of the business cycle and allocates High-coupon bond refundingRefunding of a high-coupon bond with a new, lower coupon bond. Interac® Direct PaymentInstead of paying with cash or a credit card, Interac Direct payment allows you to pay for your purchase with a debit card, such as your bank card. The amount of the purchase is electronically debited, or withdrawn, from your bank account (see debit card). Interest payableThe amount of interest that is owed but has not been paid at the end of a period. Interest paymentsContractual debt payments based on the coupon rate of interest and the principal amount. Lag response of prepaymentsThere is typically a lag of about three months between the time the weighted Lease PaymentThe consideration paid by the lessee to the lessor in exchange for the use of the leased equipment/property. payments are usually made at fixed intervals. Legal bankruptcyA legal proceeding for liquidating or reorganizing a business. Level-coupon bondBond with a stream of coupon payments that are the same throughout the life of the bond. Level payThe characteristic of the scheduled principal and interest payments due under a mortgage such that Loans payableAmounts that have been loaned to the company and that it still owes. Lock-up CDsCDs that are issued with the tacit understanding that the buyer will not trade the certificate. Long coupons1) Bonds or notes with a long current maturity. Long coupons1) Bonds or notes with a long current maturity. Low-coupon bond refundingRefunding of a low coupon bond with a new, higher coupon bond. Mark-upThe amount added to a lower figure to reach a higher figure, expressed as a percentage of the markupthe period after an announcement of a takeover bid in which stock prices typically rise until a merger or acquisition is made (or until it falls through). MarkupAn increase in the cost of a product to arrive at its selling price. merit paya pay increment earned by achieving a specific Money supplyM1-A: Currency plus demand deposits Net PayThe amount of an employee’s wages payable after all tax and other deductions have been removed. Notes payableAmounts owed by the company that have been formalized by a legal document called a note. Office suppliesThe cost of the supplies used in running an office. online bill paymentThe electronic payment of a bill via the Internet. The specified amount of the bill is electronically debited from your account. Paid-Up AdditionsA type of insurance policy or annuity in which the owner receives dividends, typically increases the death. Paid-up CapitalThat part of the issued capital of a company that has been paid up by the shareholders. Pass-through coupon rateThe interest rate paid on a securitized pool of assets, which is less than the rate Payable through draftsA method of making payment that is used to maintain control over payments made Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |