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Definition of Restructuring Charges
Costs associated with restructuring activities, including the consolidation and/or relocation of operations or the disposition or abandonment of operations or productive assets.
Process of changing the firm’s capital structure without changing its assets.
A special, nonrecurring charge taken in conjunction with a consolidation
Nonrecurring losses or expenses resulting from transactions or events which,
a system using transfer prices; see transfer
The formal name for the load of a back-end load fund.
A measure of a firm's ability to meet its fixed-charge obligations: the ratio of
A measure of how well a company is able to meet its fixed
charge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
A cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow.
The commission charged by a mutual fund when redeeming shares. For example, a 2%
The fee charged by a mutual fund when purchasing shares, usually payable as a commission to
Nonrecurring losses or expenses resulting from transactions or events which,
Expense charges applied when the owner of a policy surrenders a policy for its cash value.
The percent of a mutual fund's assets used to defray marketing and distribution expenses. The
Mutual funds that do not charge an upfront or back-end commission, but instead take out up to
A method of costing in which all fixed and variable production costs are charged to products or services using an allocation base.
A 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.
Activity-based costing (ABC)
A cost allocation system that compiles costs and assigns
actual cost system
a valuation method that uses actual direct
Allowance for bad debts
An offset to the accounts receivable balance, against which
The fund return, for any 12-month period, including changes in unit value and the reinvestment of distributions, but not taking into account sales, redemption, distribution or other optional charges or income taxes payable by any unitholder that would reduce returns.
Brokerage house clerical operations that support, but do not include, the trading of stocks and
Benefit Ratio Method
The proportion of unemployment benefits paid to a company’s
Benefit Wage Ratio Method
The proportion of total taxable wages for laid off
Call money rate
Also called the broker loan rate , the interest rate that banks charge brokers to finance
In Finance: to find the present value of a stream of cash flows.
In investments, it represents earnings before depreciation , amortization and non-cash charges.
In investments, NET INCOME plus DEPRECIATION and other noncash charges. In this sense, it is synonymous with CASH EARNINGS. Investors focus on cash flow from operations because of their concern with a firm's ability to pay dividends.
Clearing house / Clearinghouse
An adjunct to a futures exchange through which transactions executed its floor are settled by a
The fee paid to a broker to execute a trade, based on number of shares, bonds, options, and/or
Committee, AIMR Performance Presentation Standards Implementation Committee
The Association for Investment Management and Research (AIMR)'s Performance Presentation Standards Implementation
The percentage tax charged by a state to an employer to
Are debt instruments that are convertible into common or preferred shares, take secondary or no security against assets, have flexible terms of repayment and charge fixed or floating interest rates.
Cost company arrangement
Arrangement whereby the shareholders of a project receive output free of
Cost of Debt
The cost of debt (bonds, loans, etc.) that a company is charged for
Cost of goods sold
The charge to expense of the direct materials, direct labor, and
Ratios used to test the adequacy of cash flows generated through earnings for purposes of
Creative Acquisition Accounting
The allocation to expense of a greater portion of the price
Custodial fees Fees
charged by an institution that holds securities in safekeeping for an investor.
Debt-service coverage ratio
Earnings before interest and income taxes plus one-third rental charges, divided
An expense account that represents the portion of the cost of an asset that is being charged to expense during the current period.
a technique for avoiding competition by distinguishing a product or service from that of competitors through adding sufficient value (including quality and/or features) that customers are willing to pay
A costing methodology that only assigns direct labor and material costs
The interest rate that the Federal Reserve charges a bank to borrow funds when a bank is
Dividend reinvestment plan (DRP)
Automatic reinvestment of shareholder dividends in more shares of a
Dividend yield (Funds)
Indicated yield represents return on a share of a mutual fund held over the past 12
selling products abroad at lower prices than those
Earnings before interest and taxes. The measure often is used to gauge coverage of fixed charges.
Economic Value Added (EVA)
Operating profit, adjusted to remove distortions caused by certain accounting rules, less a charge
charged to an expense account, fully reducing reported profit of that year, as is appropriate for
Federal funds rate
This is the interest rate that banks with excess reserves at a Federal Reserve district bank
A charge for services.
A special, nonrecurring charge taken to write down an asset with an overstated
Canada's bank machine and electronic debit system. If you use your bank card at a bank machine which displays the Interac symbol (and that bank machine is not your bank's machine), you will be charged a fee.
A charge for the use of money supplied by a lender.
Rate charged or paid for the use of money, normally expressed as a percentage
The deposit of cash and permitted securities, as specified in the bond indenture, into an
Measures of the relative contribution of stockholders and creditors, and of the firm's ability
The London Interbank Offered Rate; the rate of interest that major international banks in London
A mutual fund with shares sold at a price including a large sales charge -- typically 4% to 8% of
Loads are sales fees (or commissions) that are charged when you buy a mutual fund.
An investment advisory fee charged by the financial advisor to a fund based on the fund's
or a seat on the exchange A limited number of exchange positions that enable the holder to
Mutual funds are pools of money that are managed by an investment company. They offer
negotiated transfer price
an intracompany charge for goods
Net asset value (NAV)
The value of a fund's investments. For a mutual fund, the net asset value per share
No load mutual fund
An open-end investment company, shares of which are sold without a sales charge.
The practice of making a charge in the income account equivalent to the tax savings
NSF (non-sufficient funds)
This appears on your statement if there are insufficient funds in your account to cover a cheque that you have written or a pre-authorized payment that you have already arranged. You will be charged a service fee for non-sufficient funds.
A relatively small percent increase or decrease in
Fee charged by a bank for taking part in providing a loan.
This calculation is used by states to determine the unemployment
In mutual funds, the ability to transfer shares between funds in the same family by
A bank machine network outside Canada, across the U.S. and internationally. Customers who use a bank machine with a 'PLUS' symbol may be charged a fee.
Administrative charge included in a Policy Premium.
Pooling of interests
An method for accounting for a business combination. When used, the expenses of the combination are charged against income at once, and the net
predetermined overhead rate
an estimated constant charge per unit of activity used to assign overhead cost to production or services of the period; it is calculated by dividing total budgeted annual overhead at a selected level of volume or activity by that selected measure of volume or activity; it is also the standard overhead application rate
Benchmark interest rate charged by banks.
The interest rate that is charged by the banks to their most credit worthy customers.
The rate of interest that Canadian financial institutions charge on Canadian dollar loans to certain customers. It is based on the rate established by the Bank of Canada. Typically, all financial institutions have the same prime rate.
the quoted price of inventory minus any
Refinancing (Credit Insurance)
Extending the maturity date or increasing the amount of existing debt or both. Also, revising a payment schedule, usually to reduce the monthly payments and often to modify interest charges.
Regulatory pricing risk
Risk that arises when regulators restrict the premium rates that insurance companies
This calculation is used by states to determine the unemployment contribution rate to charge employers. The ongoing balance of a firm’s unclaimed
the profit earned by a responsibility center that exceeds an amount "charged" for funds committed to that center
Are debt instruments that provide financing, take primary security against either specific or all assets of the borrower, have fixed terms of repayment and charge fixed or floating interest rates.
The value of research services that brokerage houses supply to investment managers "free of
Significant credits or charges resulting from transactions or events that, in the
special order decision
a situation in which management must determine a sales price to charge for manufacturing or service jobs outside the company’s normal production/service market
State Disability Tax
A tax charged by selected states to maintain a disability insurance
Debt instruments that provide financing for acquisitions, expansion and restructuring, take secondary security against assets, have fixed or flexible terms of repayment and charge fixed or floating interest rates.
Times Interest Earned Ratio
A measure of how well a company is able to meet its interest
an internal charge established for the exchange
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