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Definition of Point-of-use delivery
A delivery of stock to a location in or near the shop floor
A collection of 32 regional electronic interbank networks used to
In the bond market, the smallest measure used for quoting yields is a basis point. Each percentage
Brokerage firms that help to find potential buyers or sellers of large block trades.
A conventional unit of measure for bond prices set at $10 and equivalent to 1% of the $100 face
The provision of some futures contracts that requires not delivery of underlying assets but
The point below which the firm will need either to obtain additional financing
A computerized clearing system for sterling funds
An international wire transfer system for high-value
An adjunct to a futures exchange through which transactions executed its floor are settled by a
A firm which buys and sells future contracts for customer accounts. Related: futures
The tender and receipt of an actual commodity or financial instrument in settlement of a futures contract.
The written notice given by the seller of his intention to make delivery against an open, short
The options available to the seller of an interest rate futures contract, including the quality
Those points designated by futures exchanges at which the financial instrument or
The price fixed by the Clearing house at which deliveries on futures are in invoiced; also the
Delivery versus payment
A transaction in which the buyer's payment for securities is due at the time of
Warehouse rented by a warehouse company on another firm's premises.
A transaction in which the settlement will occur on a specified date in the future at a price
A delivery in which everything - endorsement, any necessary attached legal papers, etc. - is in
Good delivery and settlement procedures
Refers to PSA Uniform Practices such as cutoff times on delivery
A clause in a contract providing for increases or decreases in inflation based on
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
Refers to the seller's actually turning over to the buyer the asset agreed upon in a forward contract.
Such a clause on a Euro loan permits the borrower to switch from one currency to
Negative pledge clause
A bond covenant that requires the borrower to grant lenders a lien equivalent to any
Overnight delivery risk
A risk brought about because differences in time zones between settlement centers
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
Price value of a basis point (PVBP)
Also called the dollar value of a basis point, a measure of the change in
Warehouse operated by an independent warehouse company on its own premises.
A provision in a bond indenture that restricts the issuer's future borrowing by
Refers to the buyer's actually assuming possession from the seller of the asset agreed upon
A firm which deals in actual commodities.
Evidence that a firm owns goods stored in a warehouse.
A firm operating a private wire to its own branch offices or to other firms, commission houses or
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
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
the level of inventory that triggers the placement
the point at which the outputs of a joint process are first identifiable or can be separated as individual products
One hundredth of one percentage point, or 0.0001.
Point and figure chart
A financial chart usually used to plot asset price data.
The sales level at which a company, division, or product line makes a
The point in a production process when clearly identifiable joint costs
The estimated life span of a fixed asset, during which it can be expected to
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.
The trough or peak of a business cycle.
User Cost of Capital
The implicit annual cost of investing in physical capital, determined by things such as the interest rate, the rate of depreciation of the asset, and tax regulations. What would be paid to rent this capital if a rental market existed for it.
Automated Clearing House (ACH)
A banking clearinghouse that processes direct
Cash Flow Provided or Used from Financing Activities
Cash receipts and payments involving
Cash Flow Provided or Used from Investing Activities
Cash receipts and payments involving
Free-on-Board (FOB) Shipping Point
A shipping arrangement agreed to between buyer and
A company’s stated goal for how soon a customer order will be
A warehouse into which service parts and finished goods are
Order penetration point
The point in the production process when a product is
Outbound stock point
A designated inventory location on the shop floor between
The storage of stock in a location in or near the shop floor
The practice of ordering large quantities on a single purchase order,
An inventory storage area used for short-term inventory staging.
The demand for a part by an outlying warehouse.
A report listing every product whose bill of material calls for
This clause in regular life insurance policy provides for voiding the contract of insurance for up to two years from the date of issue of the coverage if the life insured has failed to disclose important information or if there has been a misrepresentation of a material fact which would have prevented the coverage from being issued in the first place. After the end of two years from issue, a misrepresentation of smoking habits or age can still void or change the policy.
Generally, a suicide clause in a regular life insurance policy provides for voiding the contract of insurance if the life insured commits suicide within two years of the date of issue of the coverage.
Clause causing repayment of a debt, if specified events occur or are not met.
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.
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