![]() |
|
Financial Terms | |
S&P |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: inventory control, inventory, money, payroll, finance, investment, credit, accounting, |
Definition of S&PS&PAbbreviation for Standard & Poor’s stockmarket index.
Related Terms:Accounts payableMoney owed to suppliers. ACCOUNTS PAYABLEAmounts a company owes to creditors. Accounts payableAmounts owed by the company for goods and services that have been received, but have not yet been paid for. Usually Accounts payable involves the receipt of an invoice from the company providing the services or goods. accounts payableShort-term, non-interest-bearing liabilities of a business Accounts payableAcurrent liability on the balance sheet, representing short-term obligations Accounts PayableAmounts due to vendors for purchases on open account, that is, not evidenced Accounts Payable Days (A/P Days)The number of days it would take to pay the ending balance ![]() Accrued expenses payableExpenses that have to be recorded in order for the financial statements to be accurate. Accrued expenses usually do not involve the receipt of an invoice from the company providing the goods or services. accrued expenses payableThe account that records the short-term, noninterest- Automatic Benefits PaymentAutomatic payment of moneys derived from a benefit. BARRA's performance analysis (PERFAN)A method developed by BARRA, a consulting firm in basic earnings per share (EPS)This important ratio equals the net Basic Earnings Power RatioPercentage of earnings relative to total assets; indication of how Basis pointIn the bond market, the smallest measure used for quoting yields is a basis point. Each percentage Basis PointOne one-hundredth of one percent Basis pointOne hundredth of one percentage point, or 0.0001. ![]() Basis PointOne one-hundredth of a percentage point, used to express variations in yields. For example, the difference between 5.36 percent and 5.38 percent is 2 basis points. Basis pricePrice expressed in terms of yield to maturity or annual rate of return. benefits-provided rankinga listing of service departments in an order that begins with the one providing the most service Bonds payableAmounts owed by the company that have been formalized by a legal document called a bond. business process reengineering (BPR)the process of combining information technology to create new and more effective Capital in excess parAmounts in excess of the par value or stated value that have been paid by the public to acquire stock in the company; synonymous with additional paid-in capital. Ceteris ParibusHolding other things constant. Cost-plus pricingA method of pricing in which a mark-up is added to the total product/service cost. Delivery versus paymentA transaction in which the buyer's payment for securities is due at the time of Difference from S&PA mutual fund's return minus the change in the Standard & Poors 500 Index for the diluted earnings per share (EPS)This measure of earnings per share Dividends per shareAmount of cash paid to shareholders expressed as dollars per share. Dividends per shareDividends paid for the past 12 months divided by the number of common shares Earnings per ShareA measure of the earnings generated by a company on a per Earnings per share (EPS)EPS, as it is called, is a company's profit divided by its number of outstanding earnings per share (EPS)See basic earnings per share and diluted earnings per share. Earnings per share of common stockHow much profit a company made on each share of common stock this year. Fully diluted earnings per sharesEarnings per share expressed as if all outstanding convertible securities Futures priceThe price at which the parties to a futures contract agree to transact on the settlement date. gross margin, or gross profitThis first-line measure of profit Gross PayThe amount of earnings due to an employee prior to tax and other deductions. GROSS PROFITThe profit a company makes before expenses and taxes are taken away. Gross profitThe difference between the price at which goods or services are sold and the cost of sales. Gross profitThe result of subtracting cost of goods sold from sales. Synonymous with gross margin. Gross ProfitRevenue less cost of goods sold. Gross profit marginGross profit divided by sales, which is equal to each sales dollar left over after paying Gross Profit MarginGross profit divided by revenue. Incomes PolicyA policy designed to lower inflation without reducing aggregate demand. Wage/price controls are an example. Loans payableAmounts that have been loaned to the company and that it still owes. Material requirements planningA computerized system used to calculate material Material requirements planning (MRP)A computer-driven production methodology Materials price varianceThe difference between the actual and budgeted cost to materials requirements planning (MRP)a computerbased information system that simulates the ordering and MM's proposition I (debt irrelevance proposition)The value of a firm is unaffected by its capital structure. MM's proposition IIThe required rate of return on equity increases as the firm’s debt-equity ratio increases. Notes payableAmounts owed by the company that have been formalized by a legal document called a note. P&S (P and S)Purchase and sale statement. A statement provided by the broker showing change in the customer's net Payments patternescribes the lagged collection pattern of receivables, for instance the probability that a Payroll taxes payableThe amount of payroll taxes owed to the various governments at the end of a period. Policy-Ineffectiveness PropositionTheory that anticipated policy has no effect on output. Preauthorized checks (PACs)hecks that are authorized by the payer in advance and are written either by Preauthorized electronic debits (PADs)Debits to its bank account in advance by the payer. The payer's present value of growth opportunities (PVGO)Net present value of a firm’s future investments. price-earnings (P/E) multiple (ratio)Ratio of stock price to earnings per share. Price / Earnings (P/E) RatioThe ratio of price to earnings. Faster growing or less-risky firms typically have higher P/E ratios than either slower-growing or more risky firms. Price value of a basis point (PVBP)Also called the dollar value of a basis point, a measure of the change in process productivitythe total units produced during a period Profit before interest and taxes (PBIT)See EBIT. Progress PaymentsPeriodic payments to a supplier, contractor or subcontractor for work satisfactorily performed to date. Project notes (PNs)Project notes are issued by municipalities to finance federally sponsored programs in Registered Retirement Savings Plan (Canada)Commonly referred to as an RRSP, this is a tax sheltered and tax deferred savings plan recognized by the Federal and Provincial tax authorities, whereby deposits are fully tax deductable in the year of deposit and fully taxable in the year of receipt. The ability to defer taxes on RRSP earnings allows one to save much faster than is ordinarily possible. The new rules which apply to RRSP's are that the holder of such a plan must convert it into income by the end of the year in which the holder turns age 69. The choices for conversion are to simply cash it in an pay full tax in the year of receipt, convert it to a RRIF and take a varying stream of income, paying tax on the amount received annually until the income is exhausted, or converting it into an annuity with guaranteed payments for a chosen number of years, again paying tax each year on moneys received. Rho - The rate of change in a derivative’s price relative to the underlyingsecurity’s risk-free interest rate. RRSP (Registered Retirement Savings Plan) (Canada)A savings plan registered with Revenue Canada, which allows you to set aside a portion of your earned income now for use in the future. When you contribute to your RRSP, you are eligible to claim a tax deduction. However, cashing RRSPs at a later date will result in the payment of tax. Salaries payableSalaries that are owed but have not been paid at the end of a period. Set of contracts perspectiveView of corporation as a set of contracting relationships, among individuals Spot futures parity theoremDescribes the theoretically correct relationship between spot and futures prices. Spousal Registered Retirement Savings PlanThis is an RRSP owned by the spouse of the person contributing to it. The contributor can direct up to 100% of eligible RRSP deposits into a spousal RRSP each and every year. Contributing to a spouses RRSP reduces the amount one can contribute to one's own RRSP, however, if the spouse is a lower income earner, it is an excellent way in which to split income for lower taxation in retirement years. Stockless purchasingThe purchase of material for direct delivery to the production Tax-Related Incomes Policy (TIP)Tax incentives for labor and business to induce them to conform to wage/price guidelines. Theoretical futures priceAlso called the fair price, the equilibrium futures price. 12B-1 feesThe percent of a mutual fund's assets used to defray marketing and distribution expenses. The accelerated depreciation(1) The estimated useful life of the fixed asset being depreciated is AccountabilityThe process of satisfying stakeholders in the organization that managers have acted in the best interests of the stakeholders, a result of the stewardship function of managers, which takes place through accounting. Accounting equationThe representation of the double-entry system of accounting such that assets are equal to liabilities plus capital. 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 accrual-basis accountingWell, frankly, accrual is not a good descriptive Accrual bondA bond on which interest accrues, but is not paid to the investor during the time of accrual. Accumulated Benefit Obligation (ABO)An approximate measure of the liability of a plan in the event of a activity-based costing (ABC)a process using multiple cost drivers to predict and allocate costs to products and services; Activity-based costing (ABC)A cost allocation system that compiles costs and assigns activity centera segment of the production or service Adjusted present value (APV)The net present value analysis of an asset if financed solely by equity Advance commitmentA promise to sell an asset before the seller has lined up purchase of the asset. This AgencyA grouping of sales producers according to region. Compare with Branch. Aggressive Cost CapitalizationCost capitalization that stretches the flexibility within generally AlphaA measure of selection risk (also known as residual risk) of a mutual fund in relation to the market. A Amortization ScheduleA schedule that shows precisely how a loan will be repaid. The schedule gives the required payment on each specific date and shows how much of it constitutes interest and how much constitutes repayments of principal. AngelsIndividuals providing venture capital. annual returnThe 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. AnnuitantThis is the person during whose life an annuity is payable. Antidilutive effectResult of a transaction that increases earnings per common share (e.g. by decreasing the ApplicationA signed statement of facts made by a person applying for life insurance and then used by the insurance company to decide whether or not to issue a policy. The application becomes part of the insurance contract when the policy is issued. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |