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Financial Terms | |
Raw material supply agreement |
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Definition of Raw material supply agreementRaw material supply agreementAs used in connection with project financing, an agreement to furnish a
Related Terms:Advance material requestVery early orders for materials before the completion Aggregate SupplyTotal quantity of goods and services supplied. Aggregate Supply CurveCombinations of price level and income for which the labor market is in equilibrium. The short-run aggregate supply curve incorporates information and price/wage inflexibilities in the labor market, whereas the long-run aggregate supply curve does not. Bill of materialsA listing of all the materials and quantities that go to make up a completed product. bill of materialsa document that contains information about Bill of materialsAn itemization of the parts and subassemblies required to create a Bill of materials (BOM)A listing of all parts and subassemblies required to produce one ![]() Bond agreementA contract for privately placed debt. Breeder bill of materialsA bill of material that accounts for the generation and Bretton Woods AgreementAn agreement signed by the original United Nations members in 1944 that 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. Cash deficiency agreementAn agreement to invest cash in a project to the extent required to cover any cash Concession agreementAn understanding between a company and the host government that specifies the Conditional Sale AgreementAn agreement entered into between a conditional buyer and a conditional seller setting out the terms under which goods change hands. Confidentiality AgreementA legal document whereby the one party, usually the prospective investor, pledges to keep strictly confidential, and return on request, any and all information provided by the entrepreneur seeking funding. Crawling pegAn automatic system for revising the exchange rate. It involves establishing a par value around 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 Double-tax agreementagreement between two countries that taxes paid abroad can be offset against Earmarked materialInventory that has been physically marked as being for a Equity contribution agreementAn agreement to contribute equity to a project under certain specified Excess SupplyA situation in which supply exceeds demand. Fiscal agency agreementAn alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as an Floating supplyThe amount of securities believed to be available for immediate purchase, that is, in the Forward rate agreement (FRA)agreement to borrow or lend at a specified future date at an interest rate General Agreementon Tariffs and Trade (GATT) a treaty Indented bill of materialA bill of material reporting format under which successively Interest rate agreementAn agreement whereby one party, for an upfront premium, agrees to compensate the material mix variance(actual mix X actual quantity X standard price) - (standard mix X actual quantity X standardprice); material price variancetotal actual cost of material purchased material quantity variance(actual quantity X standard price) - (standard quantity allowed standard price); Material requirements planningA computerized system used to calculate material Material requirements planning (MRP)A computer-driven production methodology material requisition forma source document that indicates Material review boardA company committee typically comprising members representing material yield variance(standard mix X actual quantity X standard price) - (standard mix X standard quantity X standard price); MaterialityThe proportional size of a financial misstatement. It can be construed as MaterialityA characterization of the magnitude of a financial statement item's effect on a Materials price varianceThe difference between the actual and budgeted cost to Materials quantity varianceThe difference between the actual and budgeted quantities Materials requirement planningComputer-based systems that plan backward from the production schedule materials requirements planning (MRP)a computerbased information system that simulates the ordering and Materials requisitionA document listing the quantities of specific parts to be withdrawn Matrix bill of materialA bill of materials chart listing the bills for similar products, Modular bill of materialA bill of material format in which components and subassemblies Money supplyM1-A: Currency plus demand deposits Multilevel bill of materialAn itemization of all bill of material components, including Negotiable order of withdrawal (NOW)Demand deposits that pay interest. Nonconforming materialAny inventory item that does not match its original design North American Free Trade Agreement (NAFTA)an agreement among Canada, Mexico, and the United States establishing the North American Free Trade Zone, with a resulting reduction in trade barriers Note agreementA contract for privately placed debt. Offal materialThe waste materials resulting from a production process. Phantom bill of materialA bill of materials for a subassembly that is not normally Preferred stock agreementA contract for preferred stock. Purchase agreementAs used in connection with project financing, an agreement to purchase a specific Purchase AgreementThis legal document records the final understanding of the parties with respect to the proposed transaction. Raw materialBase-level items used by the manufacturing process to create either Raw materialsUnprocessed goods bought for manufacture, part of inventory. Raw materials inventoryThe total cost of all component parts currently in stock that Real Money SupplyMoney supply expressed in base-year dollars, calculated by dividing the money supply by a price index. Repair bill of materialA special bill itemizing changes needed to refurbish an Reprocessed materialmaterial that has been reworked and returned to stock. Repurchase agreementAn agreement with a commitment by the seller (dealer) to buy a security back from Reserved materialmaterial that has been reserved for a specific purpose. Revolving credit agreementA legal commitment wherein a bank promises to lend a customer up to a Single-level bill of materialA list of all components used in a parent item. Smithsonian agreementA revision to the Bretton Woods international monetary system which was signed at Special drawing rights (SDR)A form of international reserve assets, created by the IMF in 1967, whose Standby agreementIn a rights issue, agreement that the underwriter will purchase any stock not purchased by investors. Standstill agreementsContracts where the bidding firm in a takeover attempt agrees to limit its holdings Summarized bill of materialsA bill of materials format showing the grand total SupplyAn amount made available for sale, always associated with a given price. supply-chain managementthe cooperative strategic planning, Supply shockn event that influences production capacity and costs in an economy. Supply-Side EconomicsView that incentives to work, save, and invest play an important role in determining economic activity by affecting the supply side of the economy. systematic withdrawal planPlans offered by mutual fund companies that allow unitholders to receive payment from their investment at regular intervals. Tax clawback agreementAn agreement to contribute as equity to a project the value of all previously Throughput agreementAn agreement to put a specified amount of product per period through a particular Tolling agreementAn agreement to put a specified amount of raw material per period through a particular Totalization AgreementAn agreement between countries whereby an employee only has to pay Social Security taxes to the country in which he or she is working Visible supplyNew muni bond issues scheduled to come to market within the next 30 days. WithdrawalThe release of items from storage. Withdrawal planThe ability to establish automatic periodic mutual fund redemptions and have proceeds Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |