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Definition of service time
the actual time consumed performing the functions
Related: Premium payback period.
Line depicting the operating activities and cash flows for a firm over a particular period.
Movement of cash from different lockbox locations into a single concentration
Interest payment plus repayments of principal to creditors, that is, retirement of debt.
An analysis wherein the alternatives under consideration will provide the firm
Earnings before interest and income taxes plus one-third rental charges, divided
Also called rental lease. Lease in which the lessor promises to maintain and insure the
Organizations that furnish investment and other types of information, such as
Systems that schedule materials/inventory to arrive exactly as they are
A money manager who assumes he or she can forecast when the stock market will go up and down.
Include such things as freight, insurance, passenger services, and travel.
A real time stock or bond quote is one that states a security's most recent offer to sell or bid (buy).
services that assist firms in making short-term investments.
Interest-bearing deposit at a savings institution that has a specific maturity.
Demand for payment at a stated future date.
Also called time value, the amount by which the option price exceeds its intrinsic value. The
Time until expiration
The time remaining until a financial contract expires. Also called time to maturity.
Time to maturity
The time remaining until a financial contract expires. Also called time until expiration.
Time value of an option
The portion of an option's premium that is based on the amount of time remaining
Time value of money
The idea that a dollar today is worth more than a dollar in the future, because the dollar
Time-weighted rate of return
Related: Geometric mean return.
Earnings before interest and tax, divided by interest payments.
time available or needed to effect a turnaround.
See sales mix.
times interest earned
A ratio that tests the ability of a business to make
Times Interest Earned Ratio
A measure of how well a company is able to meet its interest
the time between the placement of an order to
employee time sheet
a source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time
grade (of product or service)
the addition or removal of product
the amount of time spent in storing inventory or
the time taken to perform quality control activities
a philosophy about when to do something;
just-in-time manufacturing system
a production system that attempts to acquire components and produce inventory only as needed, to minimize product defects, and to
a system that maps the skill sets employees
see cycle time
the actual time consumed performing the
an individual or firm engaged in a high or moderate degree of conversion that results in service output
an organizational unit that provides one or more specific functional tasks for other internal units
representation of the amounts and timing of all
the time consumed by moving products or
The term for several manufacturing innovations that
See term deposit.
Internal Revenue Service
A federal agency empowered by Congress to interpret and enforce tax-related laws.
McNamara-O'Hara Service Contract Act of 1965
A federal Act requiring federal contractors to pay those employees working on a federal contract at
A pay premium of 50 percent of the regular rate of pay that is earned
A document or electronic record on which an employee records his or
A device used to stamp an employeeâ€™s incoming or outgoing time
Uniformed Services Employment and Reemployment Rights Act of 1994
A federal act that minimizes the impact on people serving in the Armed Forces
Revenue recognized from the provision of services as opposed to the sale of
A cluster of manufacturing, design, and delivery practices designed to
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.
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
The average time intervening between the acquisition of materials or services and the final
Buying or selling goods or services now with the intention of payment following at some time in
The 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.
A list of all the labour or machining processes and times required to convert raw materials into finished goods or to deliver a service.
an 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
the time spent by individuals who work specifically
flexible manufacturing system (FMS)
a production system in which a single factory manufactures numerous variations
non-value-added (NVA) activity
an activity that increases the time spent on a product or service but that does not increase its worth or value to the customer
operations flow document
a document listing all operations
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
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.
Costs related to such onetime activities as opening a new facility, introducing
In 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.
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