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Financial Terms | |
Traceability |
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Definition of TraceabilityTraceabilityThe ability to track the components used in production through their
Related Terms:AccountabilityThe process of satisfying stakeholders in the organization that managers have acted in the best interests of the stakeholders, a result of the stewardship function of managers, which takes place through accounting. Agency pass-throughsMortgage pass-through securities whose principal and interest payments are Aggregate Production FunctionAn equation determining aggregate output as a function of aggregate inputs such as labor and capital. Asset/liability managementAlso called surplus management, the task of managing funds of a financial Asset-specific RiskThe amount of total risk that can be eliminated by diversification by Availability floatChecks deposited by a company that have not yet been cleared. availability floatChecks already deposited that have not yet been cleared. ![]() Base probability of lossThe probability of not achieving a portfolio expected return. by-productan incidental output of a joint process; it is salable, By-productA product that is an ancillary part of the primary production process, having By-productA material created incidental to a production process, which can be Cash Flow Provided or Used from Financing ActivitiesCash receipts and payments involving Cash Flow Provided or Used from Investing ActivitiesCash receipts and payments involving Company-specific riskRelated: Unsystematic risk Companyspecific RiskSee asset-specific risk Contingent LiabilityAn obligation that is dependent on the occurrence or nonoccurrence of ![]() Contingent pension liabilityUnder ERISA, the firm is liable to the plan participants for up to 39% of the net Conventional pass-throughsAlso called private-label pass-throughs, any mortgage pass-through security not cost of production reporta process costing document that Cumulative probability distributionA function that shows the probability that the random variable will Current liabilityThis is typically the accounts payable, short-term notes payable, and Deferred Tax LiabilityFuture tax obligation that results from the origination of a temporary design for manufacturability (DFM)a process that is part of the project management of a new product; concerned with finding optimal solutions to minimizing product failures DisabilityInability to work due to injury or sickness. Disability InsuranceInsurance that pays you an ongoing income if you become disabled and are unable to pursue employment or business activities. there are limits to how much you can receive based on your pre-disability earnings. Rates will vary based on occupational duties and length of time in a particular industry. This kind of coverage has a waiting period before you can begin collecting benefits, usually 30, 60 or 90 days. The benefit paying period also varies from 2 years to age 65. A short waiting period will cost more that a longer waiting period. As well, a long benefit paying period will cost more than a short benefit paying period. Disability Insurance (Credit Insurance)Group Insurance designed to cover monthly obligations due to a borrower being unable to work due to sickness or injury. DLOM (discount for lack of marketability)an amount or percentage deducted from an equity interest to reflect lack of marketability. ![]() economic components modelAbrams’ model for calculating DLOM based on the interaction of discounts from four economic components. economic production run (EPR)an estimate of the number equivalent units of production (EUP)an approximation of the number of whole units of output that could have been Evidence of InsurabilityEvidence submitted to Canada Life that is used to determine whether an individual is eligible for the insurance coverage the individual has applied for. Factor of ProductionA resource used to produce a good or service. The main macroeconomic factors of production are capital and labor. Finished goods inventoryGoods that have been completed by the manufacturing Finished goods inventoryCompleted inventory items ready for shipment to Firm-specific riskSee:diversifiable risk or unsystematic risk. Flow-through basisAn account for the investment credit to show all income statement benefits of the credit Flow-through methodThe practice of reporting to shareholders using straight-line depreciation and Fully modified pass-throughsAgency pass-throughs that guarantee the timely payment of both interest and grade (of product or service)the addition or removal of product Gross Domestic ProductTotal output of final goods and services produced within a country during a year. Gross domestic product (GDP)The market value of goods and services produced over time including the Gross National ProductTotal output of final goods and services produced by a country's citizens during a year. Gross national product (GNP)Measures and economy's total income. It is equal to GDP plus the income Health Insurance Portability and Accountability Act of 1996 (HIPAA)A federal Act expanding upon many of the insurance reforms created by Investment product line (IPML)The line of required returns for investment projects as a function of beta Joint productA product that has the highest sales value from among a group of products Lean productionThe technique of stripping all non-value-added activities from LiabilityA financial obligation, or the cash outlay that must be made at a specific time to satisfy the LiabilityA dollar amount of obligation payable to another entity. LiabilityA probable future sacrifice of economic benefits arising from present obligations of Liability funding strategiesInvestment strategies that select assets so that cash flows will equal or exceed Liability swapAn interest rate swap used to alter the cash flow characteristics of an institution's liabilities so Limited liabilityLimitation of possible loss to what has already been invested. limited liabilityThe owners of the corporation are not personally responsible for its obligations. limited liability companyan organizational form that is a hybrid of the corporate and partnership organizational Limited-liability instrumentA security, such as a call option, in which the owner can only lose his initial Limited-liability instrumentA security, such as a call option, in which the owner can only lose his initial investment. limited liability partnershipan organizational form that is a hybrid of the corporate and partnership organizational MarketabilityA negotiable security is said to have good marketability if there is an active secondary market Modified pass-throughsAgency pass-throughs that guarantee (1) timely interest payments and (2) principal Mortgage pass-through securityAlso called a passthrough, a security created when one or more mortgage National Income and Product AccountsThe national accounting system that records economic activity such as GDP and related measures. Net Domestic ProductGDP minus depreciation. Net National ProductGNP minus depreciation. Non-production overheadA general term referring to period costs, such as selling, administration and financial expenses. Nondiversifiability of human capitalThe difficulty of diversifying one's human capital (the unique Normal probability distributionA probability distribution for a continuous random variable that is forms a Pass-through coupon rateThe interest rate paid on a securitized pool of assets, which is less than the rate Pass-through rateThe net interest rate passed through to investors after deducting servicing, management, Pass-through securitiesA pool of fixed-income securities backed by a package of assets (i.e. mortgages) Payable through draftsA method of making payment that is used to maintain control over payments made Private-label pass-throughsRelated: Conventional pass-throughs. ProbabilityThe relative likelihood of a particular outcome among all possible outcomes. Probability density functionThe probability function for a continuous random variable. Probability distributionAlso called a probability function, a function that describes all the values that the random variable can Probability DistributionA list of all possible outcomes and the chance of each outcome probability distributiona range of possible values for which each value has an assigned likelihood of occurrence Probability functionA function that assigns a probability to each and every possible outcome. Process flow productionA production configuration in which products are continually process productivitythe total units produced during a period ProductAny item intended for sale. product complexityan assessment about the number of components in a product product contribution marginthe difference between selling price and variable cost of goods sold Product costThe cost of goods or services produced. product costThis is a key factor in the profit model of a business. product product costa cost associated with making or acquiring inventory Product costThe total of all costs assigned to a product, typically including direct Product cycleThe time it takes to bring new and/or improved products to market. product life cyclea model depicting the stages through product line marginsee segment margin Product marketA business’s investment in technology, people and materials in order to make, buy and sell products or services to customers. product- (or process-) level costa cost that is caused by the development, production, or acquisition of specific products or services Product riskA type of mortgage-pipeline risk that occurs when a lender has an unusual loan in production or Product/service mixSee sales mix. product varietythe number of different types of products Production-flow commitmentAn agreement by the loan purchaser to allow the monthly loan quota to be Production overheadA general term referring to indirect costs. Production payment financingA method of nonrecourse asset-based financing in which a specified Production yield varianceThe difference between the actual and budgeted proportions productive capacitythe number of total units that could be Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |