|point of sale (POS)
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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
In the bond market, the smallest measure used for quoting yields is a basis point. Each percentage
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 point below which the firm will need either to obtain additional financing
Also called a time deposit, this is a certificate issued by a bank or thrift that
Sources of funds internally provided from operations that alter a company's
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.
Similar to equipment trust certificates except that the lender is either the
The formal name for the load of a back-end load fund.
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.
Those points designated by futures exchanges at which the financial instrument or
Checking accounts that pay no interest and can be withdrawn upon demand.
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
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.
Federal Deposit Insurance Corporation (FDIC)
A federal institution that insures bank deposits.
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
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 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
Limitation on asset dispositions
A bond covenant that restricts in some way a firm's ability to sell major assets.
A book-entry depository for GNMA securities. The depository was initially operated by
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
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
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
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
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
A type of corporation permitted under the U.S. tax code whereby a branch operation
Particular place on the floor of an exchange where transactions in stocks listed on the exchange occur.
A set of procedures for evaluating a capital budgeting decision after the fact.
The option of postponing a project without eliminating the possibility of undertaking it.
Prices after the decision to trade.
Price/sales ratio (PS Ratio)
Determined by dividing current stock price by revenue per share (adjusted for stock splits).
Price value of a basis point (PVBP)
Also called the dollar value of a basis point, a measure of the change in
Purchase and sale
A method of securities distribution in which the securities firm purchases the securities
Sale and lease-back
sale of an existing asset to a financial institution that then leases it back to the user.
The fee charged by a mutual fund when purchasing shares, usually payable as a commission to
A key input to a firm's financial planning process. External sales forecasts are based on
An arrangement whereby a firm leases its own equipment, such as IBM leasing its own
Accounts that pay interest, typically at below-market interest rates, that do not have a
Security deposit (initial)
Synonymous with the term margin. A cash amount of funds that must be deposited
Security deposit (maintenance)
Related: Maintenance margin security market line (SML). A description of
Occurs when a person sells stocks he or she does not yet own. Shares must be borrowed,
Selling a security that the seller does not own but is committed to repurchasing eventually. It is
A method for hedging price risk that utilizes debt-market instruments, such as interest rate
Also called a swap assignment, a transaction that ends one counterparty's role in an interest rate
Take a position
To buy or sell short; that is, to have some amount that is owned or owed on an asset or
Terms of sale
Conditions on which a firm proposes to sell its goods services for cash or credit.
Interest-bearing deposit at a savings institution that has a specific maturity.
The posts on the floor of a stock exchange where the specialists stand and securities are traded.
Risk to a firm with known future cash flows in a foreign currency that arises from
Risk of adverse effects on a firm's financial statements that may arise from changes in exchange rates.
Wholesale mortgage banking
The purchasing of loans originated by others, with the servicing rights
NET SALES (revenue)
The amount sold after customersâ€™ returns, sales discounts, and other allowances are taken away from
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 havenâ€™t been collected yet.
RATIO OF NET INCOME TO NET SALES
A ratio that shows how much net income (profit) a company made on each dollar of net sales. Hereâ€™s the formula:
RATIO OF NET SALES TO NET INCOME
A ratio that shows how much a company had to collect in net sales to make a dollar of profit. Figure it this way:
The point at which total costs equal total revenue, i.e. where there is neither a profit nor a loss.
Cost of sales
The manufacture or purchase price of goods sold in a period or the cost of providing a service.
The mix of product/services offered by the business, each of which may be aimed at different customers, with each product/service having different prices and costs.
The process of taking journal entries and recording them in the general ledger.
Amounts earned by the company from the sale of merchandise or services; often used interchangeably with the term revenue.
A contra account that offsets revenue. It represents the amount of the discounts for early payment allowed on sales.
A journal used to record the transactions that result in a credit to sales.
A contra account that offsets revenue. It represents the amount of sales made that were later returned.
The annual sales volume level at which total contribution
return on sales
This ratio equals net income divided by sales revenue.
One one-hundredth of one percent
break-even point (BEP)
the level of activity, in units or dollars, at which total revenues equal total costs
a budget developed by top management
the level of inventory that triggers the placement
the process of gathering information
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