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Definition of Regulation D
Fed regulation currently that required member banks to hold reserves against their net
Schedule of depreciation rates allowed for tax purposes.
Coverage that provides a lump-sum payment to you or your survivors if an accident results in the loss of a limb, paralysis or your death.
Provides additional financial security should an insured person be dismembered or lose the use of a limb as the result of an accident.
The period of time for which financial statements are produced – see also financial year.
The number of days it would take to pay the ending balance
The number of days it would take to collect the ending
The ratio of net credit sales to average accounts receivable, a measure of how
A ratio computed by dividing annual
Cumulative gains or losses reported in shareholders'
The annual rate of return that when compounded t times, would have
The time between each payment under an annuity.
the 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
a method of allocating joint cost to joint products using a
Extent to which a company's net assets cover a particular debt obligation, class of preferred stock, or equity position.
A bond indenture restriction that permits additional borrowing on if the ratio of assets to
The ratio of net sales to total assets.
a ratio measuring asset productivity and showing the number of sales dollars generated by each dollar of assets
asset turnover ratio
A broad-gauge ratio computed by dividing annual
Average (across-day) measures
An estimation of price that uses the average or representative price of a
Average Amortization Period
The average useful life of a company's collective amortizable asset base.
Average Collection Period
Average number of days necessary to receive cash for the sale of
Average collection period, or days' receivables
The ratio of accounts receivables to sales, or the total
Money owed to the bank in a cheque account where payments exceed receipts.
Gives the lessee the option to purchase the asset at a price below fair market
Bill and Hold Practices
Products that have been sold with an explicit agreement that delivery
A passive investment strategy with no active buying and selling of stocks from the
Refers to recouping, or regaining, invested capital over
Capitalized Cost An expenditure or accrual that is reported as an asset to be amortized against
Cash flow coverage ratio
The number of times that financial obligations (for interest, principal payments,
The number of cash cycles completed in one year.
A member firm of a clearing house. Each clearing member must also be a member of the
A transaction in which the purchaser's intention is to reduce or eliminate a short position in
Common stock/other equity
Value of outstanding common shares at par, plus accumulated retained
The length of the time period (for example, a quarter in the case of quarterly
the time between each interest computation
Conflict between bondholders and stockholders
These two groups may have interests in a corporation that
A merchant banking subsidiary set up by several banks that may or may not be of the
Controlled foreign corporation (CFC)
A foreign corporation whose voting stock is more than 50% owned
Cookie Jar Reserves
An overly aggressive accrual of operating expenses and the creation of
The purchase of a contract to offset a previously established short position.
Ratios used to test the adequacy of cash flows generated through earnings for purposes of
Coverdell Education IRA
A form of individual retirement account whose earnings
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
The length of time for which the customer is granted credit.
Critical Growth Periods
Times in a company's history when growth is essential and without which survival of the business might be in jeopardy.
One corporation holds shares in another firm.
The return at which two alternative projects have the same net present value.
An order to buy or sell stock that automatically expires if it can't be executed on the day it is entered.
Refers to establishing and liquidating the same position or positions within one day's trading.
Days in receivables
Average collection period.
Days' sales in inventory ratio
The average number of days' worth of sales that is held in inventory.
Days' sales outstanding
Average collection period.
Measures the number days' worth of sales in accounts receivable (accounts receivable
Debt-service coverage ratio
Earnings before interest and income taxes plus one-third rental charges, divided
Direct stock-purchase programs
The purchase by investors of securities directly from the issuer.
The period during which a customer can deduct the discount from the net amount of the bill
Discounted payback period rule
An investment decision rule in which the cash flows are discounted at an
Doctrine of sovereign immunity
Doctrine that says a nation may not be tried in the courts of another country
Dollar Cost Averaging
A way of smoothing out your investment deposits by investing regularly. Instead of making one large deposit a year into your RRSP, you make smaller regular monthly deposits. If you are buying units in a mutual fund or segregated equity fund, you would end up buying more units in the month that values were low and less units in the month that values were higher. By spreading out your purchases, you don't have to worry about buying at the right time.
dollar days (of inventory)
a measurement of the value of inventory for the time that inventory is held
Electronic Federal Tax Payment Systems (EFTPS)
An electronic funds transfer system used by businesses to remit taxes to the government.
Those holding shares of the firm's equity.
European Monetary System (EMS)
An exchange arrangement formed in 1979 that involves the currencies
The time interval over which a money manager's performance is evaluated.
Any excess of actual reserves above required reserves.
reserves of commercial banks in excess of those they are legally required to hold.
Offsetting exposures in one currency with exposures in the same or another currency,
Extended Amortization Period
An amortization period that continues beyond a long-lived asset's economic useful life.
Extended Amortization Periods
Amortizing capitalized expenditures over estimated useful lives that are unduly optimistic.
All the costs incurred during the manufacturing process, minus the
See Federal Reserve System.
Federal agency securities
Securities issued by corporations and agencies created by the U.S. government,
Federal credit agencies
Agencies of the Federal government set up to supply credit to various classes of
Federal Deposit Insurance Corporation (FDIC)
A Federal institution that insures bank deposits.
Federal Employer Identification Number
A unique identification number issued
Federal Financing Bank
A Federal institution that lends to a wide array of Federal credit agencies funds it
Non-interest bearing deposits held in reserve for depository institutions at their district Federal
Federal funds market
The market where banks can borrow or lend reserves, allowing banks temporarily
Federal funds rate
This is the interest rate that banks with excess reserves at a Federal Reserve district bank
Federal Funds Rate
The interest rate at which banks lend deposits at the Federal Reserve to one another overnight.
Federal Home Loan Banks
The institutions that regulate and lend to savings and loan associations. The
Federal Insurance Contributions Act of 1935 (FICA)
A Federal Act authorizing the government to collect Social Security and Medicare payroll taxes.
Federal Open Market Committee (FOMC)
Fed committee that makes decisions about open-market operations.
Federal Reserve Banks
The twelve district banks in the Federal Reserve System.
Federal Reserve Board
Board of Governors of the Federal Reserve System.
Federal Reserve System
The central bank of the U.S., established in 1913, and governed by the Federal
Federal Reserve System
The central banking authority responsible for monetary policy in the United States.
Federal Reserve (the Fed)
The central bank in the United States, responsible for setting interest rates.
Federal Unemployment Tax Act (FUTA)
A Federal Act requiring employers to pay a tax on the wages paid to their employees, which is then used to create a
Federally related institutions
Arms of the Federal government that are exempt from SEC registration and
A wire transfer system for high-value payments operated by the Federal Reserve System.
Firm's net value of debt
Total firm value minus total firm debt.
First notice day
The first day, varying by contracts and exchanges, on which notices of intent to deliver
First To Die Coverage
This means that there are two or more life insured on the same policy but the death benefit is paid out on the first death only. If two or more persons at the same address are purchasing life insurance at the same time, it is wise to compare the cost of this kind of coverage with individual policies having a multiple policy discount.
Fixed asset turnover ratio
The ratio of sales to fixed assets.
Fixed Assets Turnover Ratio
A measure of the utilization of a company's fixed assets to
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