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Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
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Definition of Roll overRoll overReinvest funds received from a maturing security in a new issue of the same or a similar security.
Related Terms:RolloverMost term loans in the Euromarket are made on a rollover basis, which means that the loan is Rollover IRAAn IRA that an individual sets up for the express purpose of receiving acid test ratio (also called the quick ratio)The sum of cash, accounts receivable, and short-term marketable current liabilitiesCurrent means that these liabilities require payment in Payroll StabilizationThis calculation is used by states to determine the unemployment Accelerated cost recovery system (ACRS)Schedule of depreciation rates allowed for tax purposes. 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 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 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 Bank overdraftMoney owed to the bank in a cheque account where payments exceed receipts. capital recoveryRefers to recouping, or regaining, invested capital over ![]() Cash flow coverage ratioThe number of times that financial obligations (for interest, principal payments, Cash TurnoverThe number of cash cycles completed in one year. controllable costa cost over which a manager has the ability to authorize incurrence or directly influence magnitude Controllable profitThe profit made by a division after deducting only those expenses that can be controlled by the controllable variancethe budget variance of the two variance approach to analyzing overhead variances Controlled disbursementA service that provides for a single presentation of checks each day (typically in Controlled foreign corporation (CFC)A foreign corporation whose voting stock is more than 50% owned ControllerThe corporate manager responsible for the firm's accounting activities. controllerthe chief accountant (in a corporation) who is responsible controllerOfficer responsible for budgeting, accounting, and auditing. controllingthe process of exerting managerial influence on ![]() CoverThe purchase of a contract to offset a previously established short position. Coverage ratiosRatios used to test the adequacy of cash flows generated through earnings for purposes of Coverdell Education IRAA form of individual retirement account whose earnings Covered callA short call option position in which the writer owns the number of shares of the underlying Covered call writing strategyA strategy that involves writing a call option on securities that the investor Covered interest arbitrageA portfolio manager invests dollars in an instrument denominated in a foreign Covered or hedge option strategiesStrategies that involve a position in an option as well as a position in the Covered PutA put option position in which the option writer also is short the corresponding stock or has Crossover rateThe return at which two alternative projects have the same net present value. Debt-service coverage ratioEarnings before interest and income taxes plus one-third rental charges, divided Doctrine of sovereign immunityDoctrine that says a nation may not be tried in the courts of another country Dollar rollSimilar to the reverse repurchase agreement - a simultaneous agreement to sell a security held in a Factory overheadAll the costs incurred during the manufacturing process, minus the First To Die CoverageThis 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 ratioThe ratio of sales to fixed assets. Fixed Assets Turnover RatioA measure of the utilization of a company's fixed assets to Fixed-charge coverage ratioA measure of a firm's ability to meet its fixed-charge obligations: the ratio of Fixed Charge Coverage RatioA measure of how well a company is able to meet its fixed Fixed overheadThat portion of total overhead costs which remains constant in size fixed overhead spending variancethe difference between the total actual fixed overhead and budgeted fixed overhead; fixed overhead volume variancesee volume variance Forward coverPurchase or sale of forward foreign currency in order to offset a known future cash flow. Government bondSee: Government securities. Government National Mortgage Association (Ginnie Mae)A wholly owned U.S. government corporation Government securitiesNegotiable U.S. Treasury securities. Government sponsored enterprisesPrivately owned, publicly chartered entities, such as the Student Loan Interest coverage ratioThe ratio of the earnings before interest and taxes to the annual interest expense. This Interest coverage testA debt limitation that prohibits the issuance of additional long-term debt if the issuer's Inventory turnoverThe ratio of annual sales to average inventory which measures the speed that inventory INVENTORY TURNOVERThe number of times a company sold out and replaced its average stock of goods in a year. The formula is: Inventory turnoverThe number of times per year that an entire inventory or a Inventory TurnoverRatio of annual sales to inventory, which shows how many times the inventory of a firm is sold and replaced during an accounting period. inventory turnover ratioThe cost-of-goods-sold expense for a given Inventory Turnover RatioProvides a measure of how often a company's inventory is sold or Last To Die CoverageThis means that there are two or more life insured on the same policy but the death benefit is paid out on the last person to die. The cost of this type of coverage is much less than a first to die policy and it is generally used to protect estate value for children where there might be substantial capital gains taxes due upon the death of the last parent. This kind of policy is also valuable when one of two people covered has health problems which would prohibit obtaining individual coverage. MACRS (Modified Accelerated Cost Recovery System)A depreciation method created by the IRS under the Tax Reform Act of 1986. Companies must use it to depreciate all plant and equipment assets installed after December 31, 1986 (for tax purposes). Market overhangThe theory that in certain situations, institutions wish to sell their shares but postpone the Modified Accelerated Cost Recovery System (MACRS)Depreciation method that allows higher tax deductions in early years and lower deductions later. Non-production overheadA general term referring to period costs, such as selling, administration and financial expenses. noncontrollable variancethe fixed overhead volume variance; Over-the-counter market (OTC)A decentralized market (as opposed to an exchange market) where over-the-counter (OTC)Shares traded off an organized exchange. overapplied overheada credit balance in the overhead account Overbought/oversold indicatorAn indicator that attempts to define when prices have moved too far and too OverdraftThe amount by which a check or other payments exceeds the funds on deposits. Overdraft ProtectionIs an agreement with the Bank or Financial Institution to cover overdrafts. This service will typically involve a fee and be limited to a pre-set maximum amount. overdraft protectionA short-term source of credit which allows you to overdraw on your account up to a pre-established limit. For example, overdraft protection spares customers both the cost and the personal embarrassment of NSF cheques. overdraft protection is attached to your PCF Chequing Account. Overdraft SystemSystem whereby a depositor may write cheques in excess of the balance, with the bank automatically extending a loan to cover the shortage. Overfunded pension planA pension plan that has a positive surplus (i.e., assets exceed liabilities). OverheadAny cost other than a direct cost – may refer to an indirect production cost and/or to a non-production expense. overheadany factory or production cost that is indirect to Overhead allocationThe process of spreading production overhead equitably over the volume of production of goods or services. overhead application ratesee predetermined overhead rate overhead costsoverhead generally refers to indirect, in contrast to direct, overhead efficiency variancethe difference between total budgeted overhead at actual hours and total budgeted Overhead rateThe rate (often expressed per hour) applied to the time taken to produce a product/service, used to allocate production overheads to particular products/services based on the time taken. May be calculated on a business-wide or cost centre basis. overhead spending variancethe difference between total actual overhead and total budgeted overhead at actual Overlay strategyA strategy of using futures for asset allocation by pension sponsors to avoid disrupting the Overnight delivery riskA risk brought about because differences in time zones between settlement centers Overnight repoA repurchase agreement with a term of one day. OverperformWhen a security is expected to appreciate at a rate faster than the overall market. Overreaction hypothesisThe supposition that investors overreact to unanticipated news, resulting in OverrunA manufactured or received quantity exceeding the planned amount. OvershootingThe tendency of a pool of MBSs to reflect an especially high rate or prepayments the first time Oversubscribed issueInvestors are not able to buy all of the shares or bonds they want, so underwriters must Oversubscription privilegeIn a rights issue, arrangement by which shareholders are given the right to apply OvertimeA pay premium of 50 percent of the regular rate of pay that is earned Payroll CycleThe period of service for which a company compensates its employees. Payroll expenseThe amount paid to employees for services rendered; synonymous with salary expense and wage expense. Payroll journalA journal used to record the payroll of a company. Payroll RegisterA report on which is summarized the wage and deduction information Payroll tax expenseThe amount of tax associated with salaries that an employer pays to governments (federal, state, and local). 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