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Financial Terms | |
pre-authorized direct deposit |
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Definition of pre-authorized direct depositpre-authorized direct depositA system where funds are electronically credited to your account by a financial institution or a payroll service.
Related Terms:Accelerated depreciationAny depreciation method that produces larger deductions for depreciation in the accelerated depreciation(1) The estimated useful life of the fixed asset being depreciated is Accelerated depreciationAny of several methods that recognize an increased amount Accumulated depreciationA 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. accumulated depreciationA contra, or offset, account that is coupled Accumulated depreciationThe sum total of all deprecation expense recognized to date Accumulated Other Comprehensive IncomeCumulative gains or losses reported in shareholders' ![]() Adjustable rate preferred stock (ARPS)Publicly traded issues that may be collateralized by mortgages and MBSs. Adjusted present value (APV)The net present value analysis of an asset if financed solely by equity American Depositary Receipts (ADRs)Certificates issued by a U.S. depositary bank, representing foreign Annual PremiumYearly amount payable by a client for a policy or component. AppreciationAn increase in the perceived or actual value of an asset. AppreciationIncrease in the value of a currency. Auction rate preferred stock (ARPS)Floating rate preferred stock, the dividend on which is adjusted every authorized share capitalMaximum number of shares that the company is permitted to issue, as specified in the firm’s articles of incorporation. Authorized sharesNumber of shares authorized for issuance by a firm's corporate charter. ![]() Authorized sharesThe number of shares of stock that the company is legally authorized to sell. Automatic Waiver of PremiumA benefit that automatically forfeits premium payments. Bull spreadA spread strategy in which an investor buys an out-of-the-money put option, financing it by Canadian Deposit Insurance CorporationBetter 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 CommitteeThe Association for Investment Management and Research (AIMR)'s Performance presentation Standards Implementation Comprehensive due diligence investigationThe investigation of a firm's business in conjunction with a control premiumthe additional value inherent in the control interest as contrasted to a minority interest, which reflects its power of control Conversion premiumThe percentage by which the conversion price in a convertible security exceeds the Convertible exchangeable preferred stockConvertible preferred stock that may be exchanged, at the ![]() Convertible preferred stockpreferred stock that can be converted into common stock at the option of the holder. Cost of Preferred StockThe rate of return required by the investors in the preferred stock of cost presentationthe approach to product costing that determines Credit spreadRelated:Quality spread Cumulative preferred stockpreferred stock whose dividends accrue, should the issuer not make timely Default premiumA differential in promised yield that compensates the investor for the risk inherent in default premiumDifference in promised yields between a default-free bond and a riskier bond. Demand DepositA bank deposit that can be withdrawn on demand, such as a deposit in a checking account. Demand depositsChecking accounts that pay no interest and can be withdrawn upon demand. Deposit CreationThe process whereby the banking system transforms a dollar of reserves into several dollars of money supply. Deposit SwitchingCentral 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 DepreciateTo allocate the purchase cost of an asset over its life. DepreciationA non-cash expense that provides a source of free cash flow. Amount allocated during the DepreciationA 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. DepreciationAn expense that spreads the cost of an asset over its useful life. depreciationRefers to the generally accepted accounting principle of allocating DepreciationReduction in value of fixed or tangible assets over some period DepreciationBoth the decline in value of an asset over time, as well as the gradual Depreciationa) Of capital stock: decline in the value of capital due to its wearing out or becoming obsolete. DepreciationThe systematic and rational allocation of the cost of property, plant, and equipment DepreciationAmortization of fixed assets, such as plant and equipment, so as to allocate the cost over their depreciable life. Depreciation AllowancesTax deductions that businesses can claim when they spend money on investment goods. Depreciation expenseAn expense account that represents the portion of the cost of an asset that is being charged to expense during the current period. Depreciation tax shieldThe value of the tax write-off on depreciation of plant and equipment. depreciation tax shieldReduction in taxes attributable to the depreciation allowance. DepressionA prolonged period of very low economic activity with large-scale unemployment. direct costa cost that is distinctly traceable to a particular cost object Direct costA cost that can be clearly associated with specific activities or products. direct costingsee variable costing Direct costingA costing methodology that only assigns direct labor and material costs Direct costsCosts that are readily traceable to particular products or services. Direct DepositThe direct transfer of payroll funds from the company bank account direct depositA 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 methodA method of cash budgeting based on detailed estimates of cash receipts and cash direct laborthe time spent by individuals who work specifically Direct laborLabor that is specifically incurred to create a product. Direct leaseLease in which the lessor purchases new equipment from the manufacturer and leases it to the direct materiala readily identifiable part of a product; the cost of such a part Direct materials costThe cost of all materials used in a cost object, such as finished goods. Direct materials mix varianceThe variance between the budgeted and actual mixes of Direct methodA method of preparing the operating section of the Statement of Cash Flows that uses the company’s actual cash inflows and cash outflows. direct methoda service department cost allocation approach Direct-Method FormatA format for the operating section of the cash-flow statement that reports actual cash receipts and cash disbursements from operating activities. Direct paperCommercial paper sold directly by the issuer to investors. Direct placementSelling a new issue not by offering it for sale publicly, but by placing it with one of several Direct quoteFor foreign exchange, the number of U.S. dollars needed to buy one unit of a foreign currency. Direct-Response AdvertisingAdvertising designed to elicit sales to customers who can be Direct search marketBuyers and sellers seek each other directly and transact directly. Direct stock-purchase programsThe purchase by investors of securities directly from the issuer. Direct write-off methodA method of adjusting accounts receivable to the amount that is expected to be collected by eliminating the account balances of specific nonpaying customers. DirectorA member of a company’s Board of directors. Double-declining-balance depreciationMethod 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 taxesThis measure is used principally by Effective spreadThe gross underwriting spread adjusted for the impact of the announcement of the common Electronic depository transfersThe transfer of funds between bank accounts through the Automated Eurocurrency depositA 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 experienceThe percentage of loans in a pool of mortgages outstanding at the origination Financial pressThat portion of the media devoted to reporting financial news. Floating-rate preferredpreferred 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 Forward premiumA currency trades at a forward premium when its forward price is higher than its spot price. Great DepressionThe period of very high unemployment during the early 1930s. Gross spreadThe fraction of the gross proceeds of an underwritten securities offering that is paid as Horizontal spreadThe simultaneous purchase and sale of two options that differ only in their exercise date. indirect costa cost that cannot be traced explicitly to a particular Indirect costA cost that is not directly associated with a single activity or event. Such Indirect costsCosts that are necessary to produce a product/service but are not readily traceable to particular products or services – see overhead. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |