|point of sale (POS)|
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: accounting, stock trading, inventory, business, investment, tax advisor, credit, money,
Definition of point of sale (POS)
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.
The change in the value of a firm's foreign currency denominated accounts due to a
Certificates issued by a U.S. depositary bank, representing foreign
A 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.
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 method of securities distribution/ underwriting in which the securities firm agrees to sell
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
Better known as CDIC, this is an organization which insures qualifying deposits and GICs at savings institutions, mainly banks and trust companys, which belong to the CDIC for amounts up to $60,000 and for terms of up to five years. Many types of deposits are not insured, such as mortgage-backed deposits, annuities of duration of more than five years, and mutual funds.
Cash-flow break-even point
The point below which the firm will need either to obtain additional financing
Certificate of deposit (CD)
Also called a time deposit, this is a certificate issued by a bank or thrift that
Certificate of Deposit (CD)
A bank deposit that cannot be withdrawn for a specified period of time. See also term deposit.
Changes in Financial Position
Sources of funds internally provided from operations that alter a company's
Clear a position
To eliminate a long or short position, leaving no ownership or obligation.
A transaction in which the seller's intention is to reduce or eliminate a long position in a stock,
Voluntary arrangement to restructure a firm's debt, under which payment is reduced.
A type of agreement to sell whereby a seller retains title to goods sold and delivered to a purchaser until full payment has been made.
Conditional Sale Agreement
An agreement entered into between a conditional buyer and a conditional seller setting out the terms under which goods change hands.
Conditional sales contracts
Similar to equipment trust certificates except that the lender is either the
Contingent deferred sales charge (CDSC)
The formal name for the load of a back-end load fund.
Cost of sales
The manufacture or purchase price of goods sold in a period or the cost of providing a service.
Days' sales in inventory ratio
The average number of days' worth of sales that is held in inventory.
Days' sales outstanding
Average collection period.
Debtor in possession
A firm that is continuing to operate under Chapter 11 bankruptcy process.
New debt obtained by a firm during the Chapter 11 bankruptcy process.
Under certain circumstances, taxation rules assume that a transfer of property has occurred, even though there has not been an actual purchase or sale. This could happen upon death or transfer of ownership.
Those points designated by futures exchanges at which the financial instrument or
A bank deposit that can be withdrawn on demand, such as a deposit in a checking account.
Checking accounts that pay no interest and can be withdrawn upon demand.
The process whereby the banking system transforms a dollar of reserves into several dollars of money supply.
Central bank switching of government deposits between the central bank and commercial banks.
Depository transfer check (DTC)
Check made out directly by a local bank to a particular firm or person.
Depository Trust Company (DTC)
DTC is a user-owned securities depository which accepts deposits of
The direct transfer of payroll funds from the company bank account
A system where funds are electronically credited to your account by a financial institution or a payroll service. For example, you can arrange with your employer to have your pay cheques automatically deposited into your no fee bank account.
Income less income tax.
Domestic International Sales Corporation (DISC)
A U.S. corporation that receives a tax incentive for
The extent to which the value of the firm will change because of an exchange rate change.
Electronic depository transfers
The transfer of funds between bank accounts through the Automated
A short-term fixed rate time deposit denominated in a currency other than the local
Ex post return
Related: Holding period return
Offsetting exposures in one currency with exposures in the same or another currency,
Extraordinary positive value
A positive net present value.
Fallacy of Composition
The incorrect conclusion that something that is true for an individual is necessarily true for the economy as a whole.
Federal Deposit Insurance Corporation (FDIC)
A federal institution that insures bank deposits.
Status of a firm's assets, liabilities, and equity accounts as of a certain time, as shown in its financial statement.
Foreign Sales Corporation (FSC)
A special type of corporation created by the Tax Reform Act of 1984 that
A method for hedging price risk which involves an agreement between a lender and an investor
Free-on-Board (FOB) Shipping Point
A shipping arrangement agreed to between buyer and
Up-front gain recognized from the securitization and sale of a pool
The total sales recorded prior to sales discounts and returns.
a budget developed by top management
The sale of an asset in exchange for a specified series of payments (the installments).
International Depository Receipt (IDR)
A receipt issued by a bank as evidence of ownership of one or more
Limitation on asset dispositions
A bond covenant that restricts in some way a firm's ability to sell major assets.
Limitation on merger, consolidation, or sale
A bond covenant that restricts in some way a firm's ability to
Limitation on sale-and-leaseback
A bond covenant that restricts in some way a firm's ability to enter into
An options position where a person has executed one or more option trades where the net
Outright ownership of a security or financial instrument. The
Purchase of an investment.
A book-entry depository for GNMA securities. The depository was initially operated by
MM dividend-irrelevance proposition
Theory that under ideal conditions, the value of the firm is unaffected by dividend policy.
MM's proposition I (debt irrelevance proposition)
The value of a firm is unaffected by its capital structure.
MM's proposition II
The required rate of return on equity increases as the firm’s debt-equity ratio increases.
Modigliani and Miller Proposition I
A proposition by Modigliani and Miller which states that a firm cannot
Modigliani and Miller Proposition II
A proposition by Modigliani and Miller which states that the cost of
Multiple Deposit Creation
The process whereby the money multiplier operates.
Negotiated certificate of deposit
A large-denomination CD, generally $1MM or more, that can be sold but
Situation in which the terms of an offering are determined by negotiation between the issuer
Total revenue, less the cost of sales returns, allowances, and discounts.
NET SALES (revenue)
The amount sold after customers’ returns, sales discounts, and other allowances are taken away from
See term deposit.
NUMBER OF DAYS SALES IN RECEIVABLES
(also called average collection period). The number of days of net sales that are tied up in credit sales (accounts receivable) that haven’t been collected yet.
A net long or short position whose value will change with a change in prices.
A transaction in which the seller's intention is to create or increase a short position in a given
Degree to which exchange rate changes, in combination with price changes, will alter a
Order penetration point
The point in the production process when a product is
the level of inventory that triggers the placement
Outbound stock point
A designated inventory location on the shop floor between
percentage of sales models
Planning model in which sales forecasts are the driving variables and most other variables are
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.
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
Theory that anticipated policy has no effect on output.
A market commitment; the number of contracts bought or sold for which no offsetting transaction
Diagram showing the possible payoffs from a derivative investment.
Related:net financing cost
property of option-free bonds whereby the price appreciation for a large upward change
Positive covenant (of a bond)
A bond covenant that specifies certain actions the firm must take. Also called
Positive Loan Covenants
Loan covenants expressing minimum and maximum financial measures
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.