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Definition of Seykota, Ed
ed seykota is interviewed by Jack Schwager in Schwager's book, Market Wizards. seykota was
A bank machine, sometimes referred to as an automated teller machine (ATM).
Schedule of depreciation rates allowed for tax purposes.
Any depreciation method that produces larger deductions for depreciation in the
(1) The estimated useful life of the fixed asset being depreciated is
Any of several methods that recognize an increased amount
the maximum limit for the number of defects or errors in a process
Provides additional financial security should an insured person be dismembered or lose the use of a limb as the result of an accident.
Expenses 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.
The account that records the short-term, noninterest-
Income 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.
The accumulated coupon interest earned but not yet paid to the seller of a bond by the
The amount of interest accumulated on a debt security between
The amount of interest owing but not paid.
An approximate measure of the liability of a plan in the event of a
A 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.
A contra, or offset, account that is coupled
The sum total of all deprecation expense recognized to date
Accumulated Other Comprehensive Income
Cumulative gains or losses reported in shareholders'
An 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
A 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
A 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
A 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 Operations
Cash flow provided by operating
Net income adjusted to exclude selected nonrecurring and noncash items of reserve, gain, expense, and loss.
Conventional 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 Continuing
Operations Reported income from continuing operations
Adjusted present value (APV)
The net present value analysis of an asset if financed solely by equity
A table of accounts receivable broken down into age categories (such as 0-30 days, 30-60
Classification 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.
A 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.
Cost of a security adjusted for the amortization of any purchase premium or
If stock X appreciates 1.5% in one month, the annualized gain for that sock over a twelve
Annualized holding period return
The annual rate of return that when compounded t times, would have
the 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 allocation
a method of allocating joint cost to joint products using a
Bond or note secured by assets of company.
A security that is collateralized by loans, leases, receivables, or installment contracts
Methods of financing in which lenders and equity investors look principally to the
Loans 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 capital
Maximum number of shares that the company is permitted to issue, as specified in the firm’s articles of incorporation.
Number of shares authorized for issuance by a firm's corporate charter.
The 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 system
A racking system using automated systems
The multiplier associated with a change in government spending financed by an equal change in taxes.
An investment company that invests in stocks and bonds. The same as a balanced mutual fund.
Balanced mutual fund
This is a fund that buys common stock, preferred stock and bonds. The same as a
A 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.
a listing of service departments in an order that begins with the one providing the most service
The requirement that a claim holder voting against a plan of reorganization
Biased expectations theories
Related: pure expectations theory.
spread The difference between the bid and asked prices.
A 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 materials
A bill of material that accounts for the generation and
A market where an intermediary offers search services to buyers and sellers.
a planned expenditure
an activity that is necessary for the operation of the business but for which a customer would not want to pay
Related: Fixed-income equivalent.
The total of debt and equity, i.e. the total funds in the business.
Recorded 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 against
Expenditures that are accounted for as assets to be amortized
Interest that is not immediately expensed, but rather is considered as an asset and is then
Interest incurred during the construction period on monies invested in
Cash Flow Provided by Operating Activities
With some exceptions, the cash effects of transactions
Cash Flow Provided or Used from Financing Activities
Cash receipts and payments involving
Cash Flow Provided or Used from Investing Activities
Cash receipts and payments involving
Cash value added (CVA)
A method of investment appraisal that calculates the ratio of the net present value of an
A 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
An economy in which imports and exports are very small relative to GDP and so are ignored in macroeconomic analysis. Contrast with open economy.
An investment company that sells shares like any other corporation and usually does not
Mortgage 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.
a 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 analysis
A method of analysis in which a firm is compared to others that have a desired
A 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
Inventories owned by a company, but located on the premises
Consolidated Omnibus Budget Reconciliation Act (COBRA)
A federal Act
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