|pre-authorized direct deposit|
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Definition of pre-authorized direct deposit
pre-authorized direct deposit
A system where funds are electronically credited to your account by a financial institution or a payroll service.
Any depreciation method that produces larger deductions for depreciation in the
(1) The estimated useful life of the fixed asset being depreciated is
Any of several methods that recognize an increased amount
A contra-fixed asset account representing the portion of the cost of a fixed asset that has been previously charged to expense. Each fixed asset account will have its own associated accumulated depreciation account.
A contra, or offset, account that is coupled
The sum total of all deprecation expense recognized to date
Cumulative gains or losses reported in shareholders'
Publicly traded issues that may be collateralized by mortgages and MBSs.
The net present value analysis of an asset if financed solely by equity
Certificates issued by a U.S. depositary bank, representing foreign
Yearly amount payable by a client for a policy or component.
An increase in the perceived or actual value of an asset.
Increase in the value of a currency.
Floating rate preferred stock, the dividend on which is adjusted every
Maximum number of shares that the company is permitted to issue, as specified in the firm’s articles of incorporation.
Number of shares authorized for issuance by a firm's corporate charter.
The number of shares of stock that the company is legally authorized to sell.
Automatic Waiver of Premium
A benefit that automatically forfeits premium payments.
A spread strategy in which an investor buys an out-of-the-money put option, financing it by
Canadian Deposit Insurance Corporation
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.
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A bank deposit that cannot be withdrawn for a specified period of time.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.
Committee, AIMR Performance Presentation Standards Implementation Committee
The Association for Investment Management and Research (AIMR)'s Performance presentation Standards Implementation
Comprehensive due diligence investigation
The investigation of a firm's business in conjunction with a
the additional value inherent in the control interest as contrasted to a minority interest, which reflects its power of control
The percentage by which the conversion price in a convertible security exceeds the
Convertible exchangeable preferred stock
Convertible preferred stock that may be exchanged, at the
Convertible preferred stock
preferred stock that can be converted into common stock at the option of the holder.
Cost of Preferred Stock
The rate of return required by the investors in the preferred stock of
the approach to product costing that determines
Cumulative preferred stock
preferred stock whose dividends accrue, should the issuer not make timely
A differential in promised yield that compensates the investor for the risk inherent in
Difference in promised yields between a default-free bond and a riskier bond.
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
To allocate the purchase cost of an asset over its life.
A non-cash expense that provides a source of free cash flow. Amount allocated during the
A technique by which a company recovers the high cost of its plant-and-equipment assets gradually during the number of years they’ll be used in the business. Depreciation can be physical, technological, or both.
An expense that spreads the cost of an asset over its useful life.
Refers to the generally accepted accounting principle of allocating
Reduction in value of fixed or tangible assets over some period
Both the decline in value of an asset over time, as well as the gradual
a) Of capital stock: decline in the value of capital due to its wearing out or becoming obsolete.
The systematic and rational allocation of the cost of property, plant, and equipment
Amortization of fixed assets, such as plant and equipment, so as to allocate the cost over their depreciable life.
Tax deductions that businesses can claim when they spend money on investment goods.
An expense account that represents the portion of the cost of an asset that is being charged to expense during the current period.
Depreciation tax shield
The value of the tax write-off on depreciation of plant and equipment.
depreciation tax shield
Reduction in taxes attributable to the depreciation allowance.
A prolonged period of very low economic activity with large-scale unemployment.
a cost that is distinctly traceable to a particular cost object
A cost that can be clearly associated with specific activities or products.
see variable costing
A costing methodology that only assigns direct labor and material costs
Costs that are readily traceable to particular products or services.
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.
Direct estimate method
A method of cash budgeting based on detailed estimates of cash receipts and cash
the time spent by individuals who work specifically
Labor that is specifically incurred to create a product.
Lease in which the lessor purchases new equipment from the manufacturer and leases it to the
a readily identifiable part of a product; the cost of such a part
Direct materials cost
The cost of all materials used in a cost object, such as finished goods.
Direct materials mix variance
The variance between the budgeted and actual mixes of
A method of preparing the operating section of the Statement of Cash Flows that uses the company’s actual cash inflows and cash outflows.
a service department cost allocation approach
A format for the operating section of the cash-flow statement that reports actual cash receipts and cash disbursements from operating activities.
Commercial paper sold directly by the issuer to investors.
Selling a new issue not by offering it for sale publicly, but by placing it with one of several
For foreign exchange, the number of U.S. dollars needed to buy one unit of a foreign currency.
Advertising designed to elicit sales to customers who can be
Direct search market
Buyers and sellers seek each other directly and transact directly.
Direct stock-purchase programs
The purchase by investors of securities directly from the issuer.
Direct write-off method
A method of adjusting accounts receivable to the amount that is expected to be collected by eliminating the account balances of specific nonpaying customers.
A member of a company’s Board of directors.
Method of accelerated depreciation.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
The operating profit before deducting interest, tax, depreciation and amortization.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)
An earningsbased measure that, for many, serves as a surrogate for cash flow. Actually consists of working
EBDDT - Earnings before depreciation and deferred taxes
This measure is used principally by
The gross underwriting spread adjusted for the impact of the announcement of the common
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
Federal Deposit Insurance Corporation (FDIC)
A federal institution that insures bank deposits.
FHA prepayment experience
The percentage of loans in a pool of mortgages outstanding at the origination
That portion of the media devoted to reporting financial news.
preferred stock paying dividends that vary with short-term interest rates.
Foreign direct investment (FDI)
The acquisition abroad of physical assets such as plant and equipment, with
A currency trades at a forward premium when its forward price is higher than its spot price.
The period of very high unemployment during the early 1930s.
The fraction of the gross proceeds of an underwritten securities offering that is paid as
The simultaneous purchase and sale of two options that differ only in their exercise date.
a cost that cannot be traced explicitly to a particular
A cost that is not directly associated with a single activity or event. Such
Costs that are necessary to produce a product/service but are not readily traceable to particular products or services – see overhead.
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