![]() |
|
Financial Terms | |
Quotation |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: inventory control, credit, tax advisor, business, inventory, finance, money, payroll, |
Definition of QuotationQuotationThe bid and offered prices a dealer is willing to buy or sell at.
Related Terms:NASDAQNational Association of Securities Dealers Automatic quotation System. An electronic quotation NASDAQThe automatic quotation system of the National Association of Securities Dealers, providing brokers and dealers with price quotations for over-the-counter stocks. Nominal exchange rateThe actual foreign exchange quotation in contrast to the real exchange rate that has Nominal pricePrice quotations on futures for a period in which no actual trading took place. Nonmarketable SecurityA debt or equity security for which there is no posted price or bidand- Accelerated cost recovery system (ACRS)Schedule of depreciation rates allowed for tax purposes. Accounting systemA set of accounts that summarize the transactions of a business that have been recorded on source documents. ![]() Accounts receivable turnoverThe ratio of net credit sales to average accounts receivable, a measure of how accounts receivable turnover ratioA ratio computed by dividing annual Acquisition of stockA merger or consolidation in which an acquirer purchases the acquiree's stock. actual cost systema valuation method that uses actual direct Adjustable rate preferred stock (ARPS)Publicly traded issues that may be collateralized by mortgages and MBSs. American Stock Exchange (AMEX)The second-largest stock exchange in the United States. It trades applied overheadthe amount of overhead that has been assigned to Work in Process Inventory as a result of productive activity; credits for this amount are to an overhead account Arm's length priceThe price at which a willing buyer and a willing unrelated seller would freely agree to Ask priceA dealer's price to sell a security; also called the offer price. ![]() Asset-Backed SecuritiesBond or note secured by assets of company. Asset CoverageExtent to which a company's net assets cover a particular debt obligation, class of preferred stock, or equity position. Asset-coverage testA bond indenture restriction that permits additional borrowing on if the ratio of assets to Asset turnoverThe ratio of net sales to total assets. asset turnovera ratio measuring asset productivity and showing the number of sales dollars generated by each dollar of assets asset turnover ratioA broad-gauge ratio computed by dividing annual Auction marketsmarkets in which the prevailing price is determined through the free interaction of Auction rate preferred stock (ARPS)Floating rate preferred stock, the dividend on which is adjusted every Automated storage/retrieval systemA racking system using automated systems Automatic Benefits Paymentautomatic payment of moneys derived from a benefit. Automatic StabilizerAny feature built into the economy that automatically cushions fluctuations. ![]() Automatic stayThe restricting of liability holders from collection efforts of collateral seizure, which is Automatic Waiver of PremiumA benefit that automatically forfeits premium payments. Bank for International Settlements (BIS)An interNational bank headquartered in Basel, Switzerland, which Bank overdraftMoney owed to the bank in a cheque account where payments exceed receipts. Bargain-purchase-price optionGives the lessee the option to purchase the asset at a price below fair market Basis priceprice expressed in terms of yield to maturity or annual rate of return. Bear marketAny market in which prices are in a declining trend. bear marketA market in which stock or bond prices are generally Bear MarketA prolonged period of falling stock market prices. Bellwether issuesRelated:Benchmark issues. Benchmark issuesAlso called on-the-run or current coupon issues or bellwether issues. In the secondary Beta equation (Stocks)The beta of a stock is determined as follows: Bid-askedspread The difference between the bid and asked prices. Bid priceThis is the quoted bid, or the highest price an investor is willing to pay to buy a security. Practically BidderA firm or person that wants to buy a firm or security. Black marketAn illegal market. Book-entry securitiesThe Treasury and federal agencies are moving to a book-entry system in which Securities are not represented by engraved pieces of paper but are maintained in computerized records at the BOOK VALUE OF COMMON STOCKThe theoretical amount per share that each stockholder would receive if a company’s assets were sold on the balance sheet’s date. Book value equals: Brokered marketA market where an intermediary offers search services to buyers and sellers. Builder buydown loanA mortgage loan on newly developed property that the builder subsidizes during the Bull marketAny market in which prices are in an upward trend. bull marketA market in which stock or bond prices are generally rising. Bull MarketA prolonged period of rising stock market prices. Bulldog marketThe foreign market in the United Kingdom. business intelligence (BI) systema formal process for gathering and analyzing information and producing intelligence to meet decision making needs; requires information About BuyTo purchase an asset; taking a long position. Buy-and-hold strategyA passive investment strategy with no active buying and selling of stocks from the Buy-backAnother term for a repo. Buy inTo cover, offset or close out a short position. Related: evening up, liquidation. Buy limit orderA conditional trading order that indicates a security may be purchased only at the designated Buy on closeTo buy at the end of the trading session at a price within the closing range. Buy on marginA transaction in which an investor borrows to buy additional shares, using the shares Buy on openingTo buy at the beginning of a trading session at a price within the opening range. Buy/Sell AgreementThis is an agreement entered into by the owners of a business to define the conditions under which the interests of each shareholder will be bought and sold. The agreement sets the value of each shareholders interest and stipulates what happens when one of the owners wishes to dispose of his/her interest during his/her lifetime as well as disposal of interest upon death or disability. Life insurance, critical illness coverage and disability insurance are major considerations to help fund this type of agreement. Buy-side analystA financial analyst employed by a non-brokerage firm, typically one of the larger money BuydownsMortgages in which monthly payments consist of principal and interest, with portions of these Buying the indexPurchasing the stocks in the S&P 500 in the same proportion as the index to achieve the BuyoutPurchase of a controlling interest (or percent of shares) of a company's stock. A leveraged buy-out is Call priceThe price, specified at issuance, at which the issuer of a bond may retire part of the bond at a Call priceThe price for which a bond can be repaid before maturity under a call provision. Canadian Life and Health Insurance Association (CLHIA)An Association of most of the life and health insurance companies in Canada that conducts research and compiles information About the life and health insurance industry in Canada. Capital marketThe market for trading long-term debt instruments (those that mature in more than one year). Capital marketThe market in which investors buy and sell shares of companies, normally associated with a stock Exchange. Capital MarketA market that specializes in trading long-term, relatively high risk Capital MarketThe market in which savings are made available to those needing funds to undertake investment projects. A financial market in which longer-term (maturity greater than one year) bonds and stocks are traded. Capital market efficiencyReflects the relative amount of wealth wasted in making transactions. An efficient Capital market imperfections viewThe view that issuing debt is generally valuable but that the firm's Capital market line (CML)The line defined by every combination of the risk-free asset and the market portfolio. capital marketsmarkets for long-term financing. capital recoveryRefers to recouping, or regaining, invested capital over capital stockOwnership shares issued by a business corporation. A business Capital StockThe total amount of plant, equipment, and other physical capital. Cash flow coverage ratioThe number of times that financial obligations (for interest, principal payments, Cash flow per common shareCash flow from operations minus preferred stock dividends, divided by the Cash marketsAlso called spot markets, these are markets that involve the immediate delivery of a security Cash TurnoverThe number of cash cycles completed in one year. charge-back systema system using transfer prices; see transfer Clean priceBond price excluding accrued interest. Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds Clearing House Interbank Payments System (CHIPS)An interNational wire transfer system for high-value Common-base-year analysisThe representing of accounting information over multiple years as percentages common body of knowledge (CBK)the minimum set of knowledge needed by a person to function effectively in a particular field Common marketAn agreement between two or more countries that permits the free movement of capital Common SharesAre equity instruments that take no security against assets, have no fixed terms of repayment and pay no fixed dividends. common-size balance sheetBalance sheet that presents items as a percentage of total assets. common-size income statementIncome statement that presents items as a percentage of revenues. Common stockThese are Securities that represent equity ownership in a company. common shares let an Common stockShares of ownership sold to the public. Common StockA financial security that represents an ownership claim on the common stockOwnership shares in a publicly held corporation. Common StockThat part of the capital stock of a corporation that carries voting rights and represents Common stock equivalentA convertible security that is traded like an equity issue because the optioned Common stock marketThe market for trading equities, not including preferred stock. Common stock/other equityValue of outstanding common shares at par, plus accumulated retained Common stock ratiosRatios that are designed to measure the relative claims of stockholders to earnings Competitive biddingA Securities offering process in which Securities firms submit competing bids to the Complete capital marketA market in which there is a distinct marketable security for each and every Conditional BuyerOne of two parties to a conditional sale agreement, the other being the conditional seller. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |