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Definition of Time draft
Demand for payment at a stated future date.
An unconventional order in writing - signed by a person, usually the exporter, and addressed to the
A draft addressed to a bank.
A guaranteed form of payment which is issued in amounts over $5,000.
Money owed to the bank in a cheque account where payments exceed receipts.
Related: Premium payback period.
Line depicting the operating activities and cash flows for a firm over a particular period.
Demand for payment.
the time between the placement of an order to
A guaranteed form of payment which is issued in amounts over $5,000 (also see bank draft).
a source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time
the amount of time spent in storing inventory or
the time taken to perform quality control activities
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.
The amount by which a check or other payments exceeds the funds on deposits.
Is 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.
A 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.
System whereby a depositor may write cheques in excess of the balance, with the bank automatically extending a loan to cover the shortage.
A pay premium of 50 percent of the regular rate of pay that is earned
Payable through drafts
A method of making payment that is used to maintain control over payments made
Personal Overdraft Facility
A 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.
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).
the actual time consumed performing the functions
Demand for immediate payment.
A device used to stamp an employee’s incoming or outgoing time
Interest-bearing deposit at a savings institution that has a specific maturity.
See term deposit.
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
A draft addressed to a commercial enterprise. See:draft.
the time consumed by moving products or
time available or needed to effect a turnaround.
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