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Financial Terms | |
service time |
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Definition of service timeservice timethe actual time consumed performing the functions
Related Terms:Break-even timeRelated: Premium payback period. Cash flow time-lineLine depicting the operating activities and cash flows for a firm over a particular period. Concentration servicesMovement of cash from different lockbox locations into a single concentration cycle timethe time between the placement of an order to 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 ![]() employee time sheeta source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time 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 idle timethe amount of time spent in storing inventory or 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 inspection timethe time taken to perform quality control activities Internal Revenue ServiceA federal agency empowered by Congress to interpret and enforce tax-related laws. Just-in-time inventory systemsSystems that schedule materials/inventory to arrive exactly as they are ![]() just-in-time (JIT)a philosophy about when to do something; Just-in-time (JIT)A cluster of manufacturing, design, and delivery practices designed to Just-in-time manufacturingThe term for several manufacturing innovations that just-in-time manufacturing systema production system that attempts to acquire components and produce inventory only as needed, to minimize product defects, and to just-in-time traininga system that maps the skill sets employees lead timesee cycle time Market timerA money manager who assumes he or she can forecast when the stock market will go up and down. 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. OvertimeA pay premium of 50 percent of the regular rate of pay that is earned processing timethe actual time consumed performing the ![]() Product/service mixSee sales mix. Real timeA real time stock or bond quote is one that states a security's most recent offer to sell or bid (buy). service companyan individual or firm engaged in a high or moderate degree of conversion that results in service output 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 Short-term investment servicesservices that assist firms in making short-term investments. Time ClockA device used to stamp an employee’s incoming or outgoing time Time decayRelated: theta. Time depositInterest-bearing deposit at a savings institution that has a specific maturity. Time DepositSee term deposit. Time draftDemand for payment at a stated future date. Time premiumAlso called time value, the amount by which the option price exceeds its intrinsic value. The Time to maturityThe time remaining until a financial contract expires. Also called time until expiration. Time until expirationThe time remaining until a financial contract expires. Also called time to maturity. Time value of an optionThe portion of an option's premium that is based on the amount of time remaining Time value of moneyThe idea that a dollar today is worth more than a dollar in the future, because the dollar Time-weighted rate of returnRelated: Geometric mean return. TimecardA document or electronic record on which an employee records his or timelinerepresentation of the amounts and timing of all times interest earnedA ratio that tests the ability of a business to make Times-interest-earned ratioEarnings before interest and tax, divided by interest payments. Times Interest Earned RatioA measure of how well a company is able to meet its interest transfer timethe time consumed by moving products or Turnaround timetime available or needed to effect a turnaround. Uniformed Services Employment and Reemployment Rights Act of 1994A federal act that minimizes the impact on people serving in the Armed Forces Co-insuranceIn medical insurance, the insured person and the insurer sometimes share the cost of services under a policy in a specified ratio, for example 80% by the insurer and 20% by the insured. By this means, the cost of coverage to the insured is reduced. Consumer Price Index (CPI)An index calculated by tracking the cost of a typical bundle of consumer goods and services over time. It is commonly used to measure inflation. 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 CreditBuying or selling goods or services now with the intention of payment following at some time in direct laborthe time spent by individuals who work specifically flexible manufacturing system (FMS)a production system in which a single factory manufactures numerous variations Government National Mortgage Association (Ginnie Mae)A wholly owned U.S. government corporation Gross domestic product (GDP)The market value of goods and services produced over time including the non-value-added (NVA) activityan activity that increases the time spent on a product or service but that does not increase its worth or value to the customer Operating cycleThe average time intervening between the acquisition of materials or services and the final operations flow documenta document listing all operations 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. RoutingA list of all the labour or machining processes and times required to convert raw materials into finished goods or to deliver a service. Start-up CostsCosts related to such onetime activities as opening a new facility, introducing statistical process control (SPC)the use of control techniques that are based on the theory that a process has natural variations in it over time, but uncommon variations Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |