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Financial Terms | |
service company |
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Definition of service companyservice companyan individual or firm engaged in a high or moderate degree of conversion that results in service output
Related Terms:Blue-chip companyLarge and creditworthy company. Company AcquisitionsAssets acquired to create money. May include plant, machinery and equipment, shares of another company etc. company cost of capitalExpected rate of return demanded by investors in a company, determined by the average risk of the company’s assets and operations. Company-specific riskRelated: Unsystematic risk Companyspecific RiskSee asset-specific risk Concentration servicesMovement of cash from different lockbox locations into a single concentration Cost company arrangementArrangement whereby the shareholders of a project receive output free of ![]() Debt serviceInterest payment plus repayments of principal to creditors, that is, retirement of debt. Debt-service coverage ratioEarnings before interest and income taxes plus one-third rental charges, divided Debt service parity approachAn analysis wherein the alternatives under consideration will provide the firm Depository Trust Company (DTC)DTC is a user-owned securities depository which accepts deposits of Finance Companycompany engaged in making loans to individuals or businesses. Unlike a bank, it does not receive deposits from the public. Full-service leaseAlso called rental lease. Lease in which the lessor promises to maintain and insure the grade (of product or service)the addition or removal of product Holding companyA corporation that owns enough voting stock in another firm to control management and Index Portfolio Rebalancing Service (IPRS)Index Portfolio Rebalancing service (IPRS) is a comprehensive investment service that can help increase potential returns while reducing volatility. Several portfolios are available, each with its own strategic balance of Index Funds. IPRS maintains your personal asset allocation by monitoring and rebalancing your portfolio semi-annually. ![]() Information servicesOrganizations that furnish investment and other types of information, such as Insurance CompanyA firm licensed to sell insurance to the public. Intercompany loanLoan made by one unit of a corporation to another unit of the same corporation. Intercompany transactionTransaction carried out between two units of the same corporation. Internal Revenue ServiceA federal agency empowered by Congress to interpret and enforce tax-related laws. limited liability companyan organizational form that is a hybrid of the corporate and partnership organizational McNamara-O'Hara Service Contract Act of 1965A federal Act requiring federal contractors to pay those employees working on a federal contract at Non-financial servicesInclude such things as freight, insurance, passenger services, and travel. Parent companyA company that retains control over one or more other companies. Product/service mixSee sales mix. service departmentan organizational unit that provides one or more specific functional tasks for other internal units ![]() Service RevenueRevenue recognized from the provision of services as opposed to the sale of service timethe actual time consumed performing the functions Short-term investment servicesservices that assist firms in making short-term investments. Subsidiary companyA company that is controlled by another company through ownership Trust CompanyOrganization usually combined with a commercial bank, which is engaged as a trustee for individuals or businesses in the administration of Trust funds, estates, custodial arrangements, stock transfer and registration, and other related services. Uniformed Services Employment and Reemployment Rights Act of 1994A federal act that minimizes the impact on people serving in the Armed Forces 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. 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. AdvanceA payment made by a customer to the company, or by the company to a continuous improvementan ongoing process of enhancing employee task performance, level of product quality, and level of company service through eliminating nonvalue-added activities to reduce lead time, making products FactoringType of financial service whereby a firm sells or transfers title to its accounts receivable to a factoring company, which then acts as principal, not as agent. Federal Employer Identification NumberA unique identification number issued flexible manufacturing system (FMS)a production system in which a single factory manufactures numerous variations Load fundA mutual fund with shares sold at a price including a large sales charge -- typically 4% to 8% of make-or-buy decisiona decision that compares the cost of negotiated transfer pricean intracompany charge for goods outsourcingthe use, by one company, of an external Payroll CycleThe period of service for which a company compensates its employees. PROPERTY AND EQUIPMENTAssets such as land, buildings, machinery, and equipment that the business will use for several RevenueAmounts earned by the company from the sale of merchandise or services; often used interchangeably with the term sales. RevenueAn inflow of cash, accounts receivable, or barter from a customer in exchange SalesAmounts earned by the company from the sale of merchandise or services; often used interchangeably with the term revenue. special order decisiona situation in which management must determine a sales price to charge for manufacturing or service jobs outside the company’s normal production/service market supply-chain managementthe cooperative strategic planning, transfer pricean internal charge established for the exchange Transfer priceThe price at which one part of a company sells a product or service to Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |