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Definition of red-line system
an inventory ordering system in which a red
A line representing equilibrium in the goods and services market, on a diagram with aggregate demand on the vertical axis and aggregate supply on the horizontal axis.
Schedule of depreciation rates allowed for tax purposes.
Provides additional financial security should an insured person be dismembered or lose the use of a limb as the result of an accident.
A set of accounts that summarize the transactions of a business that have been recorded on source documents.
a valuation method that uses actual direct
Publicly traded issues that may be collateralized by mortgages and MBSs.
Refers to the reduction of debt by regular payments of interest and principal in order to pay off a loan by maturity.
Floating rate preferred stock, the dividend on which is adjusted every
A racking system using automated systems
line of credit granted by a bank to a customer.
The person or party designated to receive proceeds entitled by a benefit. Payment of a benefit is triggered by an event. In the case of credit insurance, the beneficiary will always be the creditor.
The requirement that a claim holder voting against a plan of reorganization
A consumer who borrows money from a lender.
A commonly used term that refers to the net income (profit)
A market where an intermediary offers search services to buyers and sellers.
business intelligence (BI) system
a formal process for gathering and analyzing information and producing intelligence to meet decision making needs; requires information about
Capital market line (CML)
The line defined by every combination of the risk-free asset and the market portfolio.
Cash flow time-line
line depicting the operating activities and cash flows for a firm over a particular period.
The market model applied to a single security. The slope of the line is a security's beta.
a system using transfer prices; see transfer
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
Commercial Business Loan (Credit Insurance)
An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes.
Comparative credit analysis
A method of analysis in which a firm is compared to others that have a desired
Credit granted by a firm to consumers for the purchase of goods or services. Also called
Consumer Credit Protection Act
A federal Act specifying the proportion of
Contingent deferred sales charge (CDSC)
The formal name for the load of a back-end load fund.
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 control system
a logical structure of formal and/or informal
cost management system (CMS)
a set of formal methods
cost of goods manufactured (CGM)
the total cost of the
Cost of Preferred Stock
The rate of return required by the investors in the preferred stock of
the practice of lowering current costs, especially
A short call option position in which the writer owns the number of shares of the underlying
Covered call writing strategy
A strategy that involves writing a call option on securities that the investor
Covered interest arbitrage
A portfolio manager invests dollars in an instrument denominated in a foreign
Covered or hedge option strategies
Strategies that involve a position in an option as well as a position in the
A put option position in which the option writer also is short the corresponding stock or has
A signal that provides accurate information; a signal that can be distinguish among senders.
Buying or selling goods or services now with the intention of payment following at some time in
One side of a journal entry, usually depicted as the right side.
A rating of a company's credit (ability to payback debt), usually by a third party credit agency.
On your bank statement, 'credit' represents funds that you have deposited into your account. The opposite of a credit is a debit.
The process of analyzing information on companies and bond issues in order to estimate the
Procedure to determine the likelihood a customer will pay its bills.
An organization that provides financial institutions with credit information concerning existing or potential customers who are looking to obtain credit services.
A revolving source of credit with a pre-established limit. You have to pay interest on a credit card if you have an outstanding balance.
A decline in the ability or willingness of banks to lend.
Purchase of the financial guarantee of a large insurance company to raise funds.
A loan receivable that has proven uncollectible and is written off.
A record of the funds which have been credited to your account.
The length of time for which the customer is granted credit.
Standards set to determine the amount and nature of credit to extend to customers.
Restriction of loans by lenders so that not all borrowers willing to pay the current interest rate are able to obtain loans.
The risk that an issuer of debt securities or a borrower may default on his obligations, or that the
Financial and moral risk that an obligation will not be paid and a loss will result.
A statistical technique wherein several financial characteristics are combined to form a single
Conditions under which credit is extended by a lender to a borrower.
Credit unions are community based financial co-operatives and most offer a full range of services. All are owned and controlled by members who are also shareholders. Credit unions are regulated provincially and insured by a stabilization fund, deposit insurance or guarantee corporation.
The interest rate offered on an investment type insurance policy.
Lender of money.
Person or business that is owed money.
Creditor (Credit Insurance)
A lender or lending institution that offers financing and loans to a borrower, for the purpose of acquiring a commodity.
Creditor Proof Protection
The creditor proof status of such things as life insurance, non-registered life insurance investments, life insurance RRSPs and life insurance RRIFs make these attractive products for high net worth individuals, professionals and business owners who may have creditor concerns. Under most circumstances the creditor proof rules of the different provincial insurance acts take priority over the federal bankruptcy rules.
Purchases of goods or services from suppliers on credit to whom the debt is not yet paid. Or a
Critical Illness Insurance (Credit Insurance)
Coverage that provides a lump-sum payment should you become seriously ill with a specified illness. The payment is made to your creditors to pay off your debt owing.
Cumulative preferred stock
Preferred stock whose dividends accrue, should the issuer not make timely
Debt (Credit Insurance)
Money, goods or services that someone is obligated to pay someone else in accordance with an expressed or implied agreement. Debt may or may not be secured.
Tax-advantaged life insurance product. Deferred annuities offer deferral of taxes with the
An annuity providing for income payments to commence at a specified future time.
A provision that prohibits the company from calling the bond before a certain date. During this
pay related to current performance
A common term for convertible bonds because of their equity component and the
The most distant months of a futures contract. A bond that sells at a discount and does not
Deferred Income Tax Expense
That portion of the total income tax provision that is the result
Deferred nominal life annuity
A monthly fixed-dollar payment beginning at retirement age. It is nominal
Deferred Tax Asset
Future tax benefit that results from (1) the origination of a temporary difference
Deferred Tax Liability
Future tax obligation that results from the origination of a temporary
A non-cash expense that provides a source of free cash flow. Amount allocated during the
Demand line of credit
A bank line of credit that enables a customer to borrow on a daily or on-demand basis.
Disability Insurance (Credit Insurance)
Group Insurance designed to cover monthly obligations due to a borrower being unable to work due to sickness or injury.
Du Pont system
A breakdown of ROE and ROA into component ratios.
Dupont system of financial control
Highlights the fact that return on assets (ROA) can be expressed in terms
EBDDT - Earnings before depreciation and deferred taxes
This measure is used principally by
Electronic Federal Tax Payment Systems (EFTPS)
An electronic funds transfer system used by businesses to remit taxes to the government.
a cost that has been found to bear an observable
enterprise resource planning (ERP) system
a packaged software program that allows a company to
Enterprise resource planning system
A computer system used to manage all company
lines of credit granted by banks (foreign or foreign branches of U.S. banks) for Eurocurrencies.
Intermediate-term loans of Eurocurrencies made by banking syndicates to corporate and
European Monetary System (EMS)
An exchange arrangement formed in 1979 that involves the currencies
Revolving credit without maturity.
an expense or a loss
Export Credit Insurance
The granting of insurance to cover the commercial and political risks of selling in foreign markets.
Federal credit agencies
Agencies of the federal government set up to supply credit to various classes of
Federal Reserve System
The central bank of the U.S., established in 1913, and governed by the Federal
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