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Financial Terms | |
TBA (to be announced) |
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Definition of TBA (to be announced)TBA (to be announced)A contract for the purchase or sale of a MBS to be delivered at an agreed-upon
Related Terms:Announcement datedate on which particular news concerning a given company is announced to the public. Available-for-Sale SecurityA debt or equity security not classified as a held-to-maturity security or a trading security. Can be classified as a current or noncurrent investment depending on the intended holding period. Bargain-purchase-price optionGives the lessee the option to purchase the asset at a price below fair market Best-efforts saleA method of securities distribution/ underwriting in which the securities firm agrees to sell Bullet contractA guaranteed investment contract purchased with a single (one-shot) premium. Related: cafeteria plan a “menu” of fringe benefit options that includecash or nontaxable benefits Call dateA date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond ![]() Cash settlement contractsfutures contracts, such as stock index futures, that settle for cash, not involving Closing purchaseA transaction in which the purchaser's intention is to reduce or eliminate a short position in Closing saleA transaction in which the seller's intention is to reduce or eliminate a long position in a stock, Completed-Contract MethodA contract accounting method that recognizes contract revenue Conditional SaleA type of agreement to sell whereby a seller retains title to goods sold and delivered to a purchaser until full payment has been made. Conditional Sale AgreementAn agreement entered into between a conditional buyer and a conditional seller setting out the terms under which goods change hands. Conditional sales contractsSimilar to equipment trust certificates except that the lender is either the Consolidated Omnibus Budget Reconciliation Act (COBRA)A federal Act Contingent deferred sales charge (CDSC)The formal name for the load of a back-end load fund. ![]() ContractA term of reference describing a unit of trading for a financial or commodity future. Also, the actual ContractA formal written statement of the rights and obligations of each party to a transaction. Contract AccountingMethod of accounting for sales or service agreements where completion contract manufactureran external party that has been granted an outsourcing contract to produce a part or component for an entity Contract monthThe month in which futures contracts may be satisfied by making or accepting a delivery. contract vendoran external party that has been granted an Contract Work Hours and Safety Standards ActA federal Act requiring federal contractors to pay overtime for hours worked exceeding 40 per week. Cost of salesThe manufacture or purchase price of goods sold in a period or the cost of providing a service. cost-plus contracta contract in which the customer agrees Cost poolThe costs of (cross-functional) business processes, irrespective of the organizational structure of the business. cost poola collection of monetary amounts incurred either ![]() Cost poolA cluster of cost items. CouponThe periodic interest payment made to the bondholders during the life of the bond. CouponDetachable certificate attached to a bond that shows the amount of couponThe interest payments paid to the bondholder. CouponThe annual interest payment associated with a bond. Coupon BondAny bond with a coupon. Contrast with discount bond. Coupon / CouponsThe periodic interest payment(s) made by the issuer of a bond Coupon datesThe dates when the coupons are paid. Typically a bond pays Coupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. Coupon paymentsA bond's interest payments. Coupon rateIn bonds, notes or other fixed income securities, the stated percentage rate of interest, usually Coupon RateThe rate of interest paid on a debt security. Generally stated on an Coupon rateThe nominal interest rate that the issuer promises to pay the coupon rateAnnual interest payment as a percentage of face value. Currency futureA financial future contract for the delivery of a specified foreign currency. Current couponA bond selling at or close to par, that is, a bond with a coupon close to the yields currently Current-coupon issuesRelated: Benchmark issues Date of paymentdate dividend checks are mailed. Date of recorddate on which holders of record in a firm's stock ledger are designated as the recipients of Dates conventionTreating cash flows as being received on exact dates - date 0, date 1, and so forth - as Days' sales in inventory ratioThe average number of days' worth of sales that is held in inventory. Days' sales outstandingAverage collection period. Declaration dateThe date on which a firm's directors meet and announce the date and amount of the next Declaration dateThe date on which the board of directors has declared a dividend. Deferred futuresThe most distant months of a futures contract. A bond that sells at a discount and does not Direct stock-purchase programsThe purchase by investors of securities directly from the issuer. Domestic International Sales Corporation (DISC)A U.S. corporation that receives a tax incentive for Dupont system of financial controlHighlights the fact that return on assets (ROA) can be expressed in terms Effective dateIn an interest rate swap, the date the swap begins accruing interest. Ex-dividend dateThe first day of trading when the seller, rather than the buyer, of a stock will be entitled to ex-dividend datedate that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend. Ex-rights dateThe date on which a share of common stock begins trading ex-rights. Expected future cash flowsProjected future cash flows associated with an asset of decision. Expected future returnThe return that is expected to be earned on an asset in the future. Also called the Expiration dateThe last day (in the case of American-style) or the only day (in the case of European-style) Extension dateThe day on which the first option either expires or is extended. Federal Employer Identification NumberA unique identification number issued Financial futureA contract entered into now that provides for the delivery of a specified asset in exchange Financial Numbers GameThe use of creative accounting practices to alter a financial statement Fixed-datesIn the Euromarket the standard periods for which Euros are traded (1 month out to a year out) are Floating-rate contractA guaranteed investment contract where the credit rating is tied to some variable Foreign Sales Corporation (FSC)A special type of corporation created by the Tax Reform Act of 1984 that Forward contractA cash market transaction in which delivery of the commodity is deferred until after the forward contractAgreement to buy or sell an asset in the future at an agreed price. Forward forward contractIn Eurocurrencies, a contract under which a deposit of fixed maturity is agreed to Forward saleA method for hedging price risk which involves an agreement between a lender and an investor Full coupon bondA bond with a coupon equal to the going market rate, thereby, the bond is selling at par. FutureA term used to designate all contracts covering the sale of financial instruments or physical Future investment opportunitiesThe options to identify additional, more valuable investment opportunities Future-Oriented Financial InformationInformation about prospective results of operations, financial position and/or changes in financial position, based on assumptions about future economic conditions and courses of action. future-oriented financial information is presented as either a forecast or a projection. Future valueThe amount of cash at a specified date in the future that is equivalent in value to a specified Future ValueThe amount a given payment, or series of payments, will be worth future valuethe amount to which one or more sums of Future valueThe value that a sum of money (the present value) earning future valueamount to which an investment will grow after earning interest. Future ValueThe amount to which a payment or series of payments will grow by a given future date when compounded by a given interest rate. FVIF future value interest factor. FuturesA term used to designate all contracts covering the sale of financial instruments or physical Futures commission merchantA firm or person engaged in soliciting or accepting and handling orders for Futures contractAgreement to buy or sell a set number of shares of a specific stock in a designated future futures contractExchange-traded promise to buy or sell an asset in the future at a prespecified price. Futures ContractA contract in which the seller agrees to provide something to a buyer at a specified future date at an agreed price. Futures contract multipleA constant, set by an exchange, which when multiplied by the futures price gives Futures marketA market in which contracts for future delivery of a commodity or a security are bought or sold. Futures optionAn option on a futures contract. Related: options on physicals. Futures priceThe price at which the parties to a futures contract agree to transact on the settlement date. Gain-on-Sale AccountingUp-front gain recognized from the securitization and sale of a pool Gross salesThe total sales recorded prior to sales discounts and returns. Guaranteed insurance contractA contract promising a stated nominal interest rate over some specific time Guaranteed investment contract (GIC)A pure investment product in which a life company agrees, for a Hell-or-high-water contractA contract that obligates a purchaser of a project's output to make cash High-coupon bond refundingRefunding of a high-coupon bond with a new, lower coupon bond. Holder-of-record dateThe date on which holders of record in a firm's stock ledger are designated as the Implicit ContractAn unwritten understanding between two groups, such as an understanding between an employer and employees that employees will receive a stable wage despite business cycle activity. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |