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Financial Terms | |
Seykota, Ed |
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 Seykota, EdSeykota, Eded seykota is interviewed by Jack Schwager in Schwager's book, Market Wizards. seykota was
Related Terms:ABM (automated banking machine)A bank machine, sometimes referred to as an automated teller machine (ATM). Accelerated cost recovery system (ACRS)Schedule of depreciation rates allowed for tax purposes. Accelerated depreciationAny depreciation method that produces larger deductions for depreciation in the accelerated depreciation(1) The estimated useful life of the fixed asset being depreciated is Accelerated depreciationAny of several methods that recognize an increased amount accepted quality level (AQL)the maximum limit for the number of defects or errors in a process Accidental Dismemberment: (Credit Insurance)Provides additional financial security should an insured person be dismembered or lose the use of a limb as the result of an accident. ![]() 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- Accrued IncomeIncome that has been earned but not yet received. For instance, if you have a non-registered Guaranteed Investment Certificate (GIC), Mutual Fund or Segregated Equity Fund, growth accrues annually or semi-annually and is taxable annually even though the gain is only paid at maturity of your investment. Accrued interestThe accumulated coupon interest earned but not yet paid to the seller of a bond by the Accrued InterestThe amount of interest accumulated on a debt security between Accrued InterestThe amount of interest owing but not paid. Accumulated Benefit Obligation (ABO)An approximate measure of the liability of a plan in the event of a Accumulated depreciationA contra-fixed asset account representing the portion of the cost of a fixed asset that has been previously charged to expense. Each fixed asset account will have its own associated accumulated depreciation account. accumulated depreciationA contra, or offset, account that is coupled Accumulated depreciationThe sum total of all deprecation expense recognized to date Accumulated Other Comprehensive IncomeCumulative gains or losses reported in shareholders' Accumulated ValueAn amount of money invested plus the interest earned on that money. acid test ratio (also called the quick ratio)The sum of cash, accounts receivable, and short-term marketable Activity-based budgetingA method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing. activity-based budgeting (ABB)planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and Activity-based costingA method of costing that uses cost pools to accumulate the cost of significant business activities and then assigns the costs from the cost pools to products or services based on cost drivers. activity based costing (ABC)A relatively new method advocated for the 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-based management (ABM)a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received Additional hedgeA protection against borrower fallout risk in the mortgage pipeline. Adjustable rate preferred stock (ARPS)Publicly traded issues that may be collateralized by mortgages and MBSs. Adjusted Cash Flow Provided by Continuing OperationsCash flow provided by operating Adjusted EarningsNet income adjusted to exclude selected nonrecurring and noncash items of reserve, gain, expense, and loss. Adjusted EBITDAConventional earnings before interest, taxes, depreciation, and amortization (EBITDA) revised to exclude the effects of mainly nonrecurring items of revenue or gain and expense or loss. Adjusted Income from ContinuingOperations Reported income from continuing operations Adjusted present value (APV)The net present value analysis of an asset if financed solely by equity Aging scheduleA table of accounts receivable broken down into age categories (such as 0-30 days, 30-60 aging scheduleClassification of accounts receivable by time outstanding. Amortization (Credit Insurance)Refers to the reduction of debt by regular payments of interest and principal in order to pay off a loan by maturity. 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. Amortized CostCost of a security adjusted for the amortization of any purchase premium or Annualized gainIf stock X appreciates 1.5% in one month, the annualized gain for that sock over a twelve Annualized holding period returnThe annual rate of return that when compounded t times, would have 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 approximated net realizable value at split-off allocationa method of allocating joint cost to joint products using a Asset-Backed SecuritiesBond or note secured by assets of company. Asset-backed securityA security that is collateralized by loans, leases, receivables, or installment contracts Asset-based financingMethods of financing in which lenders and equity investors look principally to the Asset-Based FinancingLoans granted usually by a financial institution where the asset being financed constitutes the sole security given to the lender. attribute-based costing (ABC II)an extension of activitybased costing using cost-benefit analysis (based on increased customer utility) to choose the product attribute Auction rate preferred stock (ARPS)Floating rate preferred stock, the dividend on which is adjusted every authorized share capitalMaximum number of shares that the company is permitted to issue, as specified in the firm’s articles of incorporation. Authorized sharesNumber of shares authorized for issuance by a firm's corporate charter. Authorized sharesThe number of shares of stock that the company is legally authorized to sell. Automated Clearing House (ACH)A collection of 32 regional electronic interbank networks used to Automated Clearing House (ACH)A banking clearinghouse that processes direct Automated storage/retrieval systemA racking system using automated systems Balanced-Budget MultiplierThe multiplier associated with a change in government spending financed by an equal change in taxes. Balanced fundAn investment company that invests in stocks and bonds. The same as a balanced mutual fund. Balanced mutual fundThis is a fund that buys common stock, preferred stock and bonds. The same as a Balanced ScorecardA system of non-financial performance measurement that links innovation, customer and process measures to financial performance. balanced scorecard (BSC)an approach to performance Beneficiary (Credit Insurance)The person or party designated to receive proceeds entitled by a benefit. Payment of a benefit is triggered by an event. In the case of credit insurance, the beneficiary will always be the creditor. benefits-provided rankinga listing of service departments in an order that begins with the one providing the most service Best-interests-of-creditors testThe requirement that a claim holder voting against a plan of reorganization Biased expectations theoriesRelated: pure expectations theory. Bid-askedspread The difference between the bid and asked prices. Blocked currencyA currency that is not freely convertible to other currencies due to exchange controls. Borrower (Credit Insurance)A consumer who borrows money from a lender. Breeder bill of materialsA bill of material that accounts for the generation and Brokered marketA market where an intermediary offers search services to buyers and sellers. budgeted costa planned expenditure business-value-added activityan activity that is necessary for the operation of the business but for which a customer would not want to pay Busted convertibleRelated: Fixed-income equivalent. Capital employedThe total of debt and equity, i.e. the total funds in the business. CapitalizedRecorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures Capitalized Cost An expenditure or accrual that is reported as an asset to be amortized againstfuture-period revenue. Capitalized ExpendituresExpenditures that are accounted for as assets to be amortized Capitalized interestInterest that is not immediately expensed, but rather is considered as an asset and is then Capitalized InterestInterest incurred during the construction period on monies invested in Cash Flow Provided by Operating ActivitiesWith some exceptions, the cash effects of transactions Cash Flow Provided or Used from Financing ActivitiesCash receipts and payments involving Cash Flow Provided or Used from Investing ActivitiesCash receipts and payments involving Cash value added (CVA)A method of investment appraisal that calculates the ratio of the net present value of an CEDELA centralized clearing system for eurobonds. Certified Management Accountant (CMA)a professional designation in the area of management accounting that Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds Closed EconomyAn economy in which imports and exports are very small relative to GDP and so are ignored in macroeconomic analysis. Contrast with open economy. Closed-end fundAn investment company that sells shares like any other corporation and usually does not Closed-end mortgageMortgage against which no additional debt may be issued. Collateralized mortgage obligation (CMO)A security backed by a pool of pass-throughs , structured so that Commercial Business Loan (Credit Insurance)An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes. committed costa cost related either to the long-term investment common body of knowledge (CBK)the minimum set of knowledge needed by a person to function effectively in a particular field Comparative credit analysisA method of analysis in which a firm is compared to others that have a desired Completed-Contract MethodA contract accounting method that recognizes contract revenue computer-aided design (CAD)a system using computer graphics for product designs computer-aided manufacturing (CAM)the use of computers to control production processes through numerically computer integrated manufacturing (CIM)the integration of two or more flexible manufacturing systems through the use of a host computer and an information networking system Consigned stocksInventories owned by a company, but located on the premises Consolidated Omnibus Budget Reconciliation Act (COBRA)A federal Act Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |