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Definition of Time deposit
Interest-bearing deposit at a savings institution that has a specific maturity.
See term deposit.
Also called a time deposit, this is a certificate issued by a bank or thrift that
A short-term fixed rate time deposit denominated in a currency other than the local
M1-A: Currency plus demand deposits
Fed regulation imposing caps on the rates that banks may pay on savings and time deposits.
Certificates issued by a U.S. depositary bank, representing foreign
Related: Premium payback period.
Better known as CDIC, this is an organization which insures qualifying deposits and GICs at savings institutions, mainly banks and trust companys, which belong to the CDIC for amounts up to $60,000 and for terms of up to five years. Many types of deposits are not insured, such as mortgage-backed deposits, annuities of duration of more than five years, and mutual funds.
Line depicting the operating activities and cash flows for a firm over a particular period.
A bank deposit that cannot be withdrawn for a specified period of time. See also term deposit.
the time between the placement of an order to
A bank deposit that can be withdrawn on demand, such as a deposit in a checking account.
Checking accounts that pay no interest and can be withdrawn upon demand.
The process whereby the banking system transforms a dollar of reserves into several dollars of money supply.
Central bank switching of government deposits between the central bank and commercial banks.
Check made out directly by a local bank to a particular firm or person.
Depository Trust Company (DTC)
DTC is a user-owned securities depository which accepts deposits of
The direct transfer of payroll funds from the company bank account
A system where funds are electronically credited to your account by a financial institution or a payroll service. For example, you can arrange with your employer to have your pay cheques automatically deposited into your no fee bank account.
Electronic depository transfers
The transfer of funds between bank accounts through the Automated
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
Federal Deposit Insurance Corporation (FDIC)
A federal institution that insures bank deposits.
the amount of time spent in storing inventory or
the time taken to perform quality control activities
International Depository Receipt (IDR)
A receipt issued by a bank as evidence of ownership of one or more
Just-in-time inventory systems
Systems that schedule materials/inventory to arrive exactly as they are
a philosophy about when to do something;
A cluster of manufacturing, design, and delivery practices designed to
The term for several manufacturing innovations that
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
A money manager who assumes he or she can forecast when the stock market will go up and down.
A book-entry depository for GNMA securities. The depository was initially operated by
Multiple Deposit Creation
The process whereby the money multiplier operates.
Negotiated certificate of deposit
A large-denomination CD, generally $1MM or more, that can be sold but
See term deposit.
A pay premium of 50 percent of the regular rate of pay that is earned
pre-authorized direct deposit
A system where funds are electronically credited to your account by a financial institution or a payroll service.
the actual time consumed performing the
A real time stock or bond quote is one that states a security's most recent offer to sell or bid (buy).
Accounts that pay interest, typically at below-market interest rates, that do not have a
Security deposit (initial)
Synonymous with the term margin. A cash amount of funds that must be deposited
Security deposit (maintenance)
Related: Maintenance margin security market line (SML). A description of
the actual time consumed performing the functions
An interest-earning bank deposit that cannot be withdrawn without penalty until a specific time.
A device used to stamp an employee’s incoming or outgoing time
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 to maturity
The time remaining until a financial contract expires. Also called time until expiration.
Time until expiration
The time remaining until a financial contract expires. Also called time to maturity.
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.
A document or electronic record on which an employee records his or
representation of the amounts and timing of all
times interest earned
A ratio that tests the ability of a business to make
Earnings before interest and tax, divided by interest payments.
Times Interest Earned Ratio
A measure of how well a company is able to meet its interest
the time consumed by moving products or
time available or needed to effect a turnaround.
A series of payments or deposits of equal size spaced evenly over
Bank collection float
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer's bank.
The negative float that is created between the time when you deposit a check in your account
Corporate processing float
The time that elapses between receipt of payment from a customer and the
As the term dividend relates to a corporation's earnings, a dividend is an amount paid per share from a corporation's after tax profits. Depending on the type of share, it may or may not have the right to earn any dividends and corporations may reduce or even suspend dividend payments if they are not doing well. Some dividends are paid in the form of additional shares of the corporation. Dividends paid by Canadian corporations qualify for the dividend tax credit and are taxed at lower rates than other income.
Dollar Cost Averaging
A way of smoothing out your investment deposits by investing regularly. Instead of making one large deposit a year into your RRSP, you make smaller regular monthly deposits. If you are buying units in a mutual fund or segregated equity fund, you would end up buying more units in the month that values were low and less units in the month that values were higher. By spreading out your purchases, you don't have to worry about buying at the right time.
In-house processing float
Refers to the time it takes the receiver of a check to process the payment and
Maintenance margin requirement
A sum, usually smaller than -but part of the original margin, which must
Regular Investment Plan (RIP)
A plan under which you may make regular deposits of the same amount to your Mutual Funds account once a month, once every 2 weeks, or once a week. You can also make regular deposits up to four times a month on any dates you choose.
Sometimes called seg funds, segregated funds are the life insurance industry equivalent to a mutual fund with some differences.The term "Mutual Fund" is often used generically, to cover a wide variety of funds where the investment capital from a large number of investors is "pooled" together and invested into specific stocks, bonds, mortgages, etc.
Temporary Life Insurance
Temporary insurance coverage is available at time of application for a life insurance policy if certain conditions are met. Normally, temporary coverage relates to free coverage while the insurance company which is underwriting the risk, goes through the process of deciding whether or not they will grant a contract of coverage. The qualifications for temporary coverage vary from insurance company to insurance company but generally applicants will qualify if they are between the ages of 18 and 65, have no knowledge or suspicions of ill health, have not been absent from work for more than 7 days within the prior 6 months because of sickness or injury and total coverage applied for from all sources does not exceed $500,000. Normally a cheque covering a minimum of one months premium is required to complete the conditions for this kind of coverage. The insurance company applies this deposit towards the cost of a policy at its issue date, which may be several weeks in the future.
A guaranteed investment contract purchased with deposits over some future designated
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