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Financial Terms | |
Time draft |
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 Time draftTime draftDemand for payment at a stated future date.
Related Terms:DraftAn unconventional order in writing - signed by a person, usually the exporter, and addressed to the Bank draftA draft addressed to a bank. bank draftA guaranteed form of payment which is issued in amounts over $5,000. Bank overdraftMoney owed to the bank in a cheque account where payments exceed receipts. Break-even timeRelated: Premium payback period. Cash flow time-lineLine depicting the operating activities and cash flows for a firm over a particular period. Commercial draftDemand for payment. ![]() cycle timethe time between the placement of an order to draftA guaranteed form of payment which is issued in amounts over $5,000 (also see bank draft). employee time sheeta source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time idle timethe amount of time spent in storing inventory or inspection timethe time taken to perform quality control activities Just-in-time inventory systemsSystems that schedule materials/inventory to arrive exactly as they are just-in-time (JIT)a philosophy about when to do something; Just-in-time (JIT)A cluster of manufacturing, design, and delivery practices designed to Just-in-time manufacturingThe term for several manufacturing innovations that ![]() just-in-time manufacturing systema production system that attempts to acquire components and produce inventory only as needed, to minimize product defects, and to just-in-time traininga system that maps the skill sets employees lead timesee cycle time Market timerA money manager who assumes he or she can forecast when the stock market will go up and down. OverdraftThe amount by which a check or other payments exceeds the funds on deposits. Overdraft ProtectionIs an agreement with the Bank or Financial Institution to cover overdrafts. This service will typically involve a fee and be limited to a pre-set maximum amount. overdraft protectionA short-term source of credit which allows you to overdraw on your account up to a pre-established limit. For example, overdraft protection spares customers both the cost and the personal embarrassment of NSF cheques. Overdraft protection is attached to your PCF Chequing Account. Overdraft SystemSystem whereby a depositor may write cheques in excess of the balance, with the bank automatically extending a loan to cover the shortage. OvertimeA pay premium of 50 percent of the regular rate of pay that is earned Payable through draftsA method of making payment that is used to maintain control over payments made Personal Overdraft FacilityA loan facility on a customers account at a financial institution allowing the customer to overdraw up to a certain agreed limit for an agreed period. ![]() processing timethe actual time consumed performing the Real timeA real time stock or bond quote is one that states a security's most recent offer to sell or bid (buy). service timethe actual time consumed performing the functions Sight draftDemand for immediate payment. Time ClockA device used to stamp an employee’s incoming or outgoing time Time decayRelated: theta. Time depositInterest-bearing deposit at a savings institution that has a specific maturity. Time DepositSee term deposit. Time premiumAlso called time value, the amount by which the option price exceeds its intrinsic value. The Time to maturityThe time remaining until a financial contract expires. Also called time until expiration. Time until expirationThe time remaining until a financial contract expires. Also called time to maturity. Time value of an optionThe portion of an option's premium that is based on the amount of time remaining Time value of moneyThe idea that a dollar today is worth more than a dollar in the future, because the dollar Time-weighted rate of returnRelated: Geometric mean return. TimecardA document or electronic record on which an employee records his or timelinerepresentation of the amounts and timing of all times interest earnedA ratio that tests the ability of a business to make Times-interest-earned ratioEarnings before interest and tax, divided by interest payments. Times Interest Earned RatioA measure of how well a company is able to meet its interest Trade draftA draft addressed to a commercial enterprise. See:draft. transfer timethe time consumed by moving products or Turnaround timetime available or needed to effect a turnaround. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |