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Definition of transfer time

Transfer Time Image 1

transfer time

the time consumed by moving products or
components from one place to another



Related Terms:

Bin transfer

A transaction to move inventory from one storage bin to another.


Break-even time

Related: Premium payback period.


Cash flow time-line

Line depicting the operating activities and cash flows for a firm over a particular period.


cycle time

the time between the placement of an order to
the time the goods arrive for usage or are produced by
the company; it is equal to value-added time plus nonvalue-
added time


Depository transfer check (DTC)

Check made out directly by a local bank to a particular firm or person.



EFT (electronic funds transfer)

Funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g. a pre-authorized monthly bill payment, or a monthly loan or mortgage payment). A wire transfer is a form of EFT.


Electronic depository transfers

The transfer of funds between bank accounts through the Automated
Clearing House (ACH) system.


Transfer Time Image 2

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


idle time

the amount of time spent in storing inventory or
waiting at a production operation for processing


inspection time

the time taken to perform quality control activities


Interplant transfer

The movement of inventory from one company location to
another, usually requiring a transfer transaction.


Just-in-time inventory systems

Systems that schedule materials/inventory to arrive exactly as they are
needed in the production process.


just-in-time (JIT)

a philosophy about when to do something;
the when is “as needed” and the something is a production,
purchasing, or delivery activity


Just-in-time (JIT)

A cluster of manufacturing, design, and delivery practices designed to
continually reduce all types of waste, thereby improving production efficiency.


Just-in-time manufacturing

The term for several manufacturing innovations that
result in a “pull” method of production, in which each manufacturing workstation
creates just enough product for the immediate needs of the next workstation in the
production process.


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
reduce lead/setup times for acquisition and production


just-in-time training

a system that maps the skill sets employees
need and delivers the training they need just as they need it


lead time

see cycle time



Market timer

A money manager who assumes he or she can forecast when the stock market will go up and down.


negotiated transfer price

an intracompany charge for goods
or services set through a process of negotiation between
the selling and purchasing unit managers


Official unrequited transfers

Include a variety of subsidies, military aid, voluntary cancellation of debt,
contributions to international organizations, indemnities imposed under peace treaties, technical assistance,
taxes, fines, etc.


Overtime

A pay premium of 50 percent of the regular rate of pay that is earned
by employees on all hours worked beyond 40 hours in a standard work week


Private unrequited transfers

Refers to resident immigrant workers' remittances to their country of origin as
well as gifts, dowries, inheritances, prizes, charitable contributions, etc.


processing time

the actual time consumed performing the
functions necessary to manufacture a product


Real time

A real time stock or bond quote is one that states a security's most recent offer to sell or bid (buy).
A delayed quote shows the same bid and ask prices 15 minutes and sometimes 20 minutes after a trade takes place.


service time

the actual time consumed performing the functions
necessary to provide a service


Time Clock

A device used to stamp an employee’s incoming or outgoing time
on either a paper document or an electronic record.


Time decay

Related: theta.



Time deposit

Interest-bearing deposit at a savings institution that has a specific maturity.
Related: certificate of deposit.


Time Deposit

See term deposit.


Time draft

Demand for payment at a stated future date.


Time premium

Also called time value, the amount by which the option price exceeds its intrinsic value. The
value of an option beyond its current exercise value representing the optionholder's control until expiration,
the risk of the underlying asset, and the riskless return.


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
until the expiration date of the option contract, and that the underlying components that determine the value of
the option may change during that time. time value is generally equal to the difference between the premium
and the intrinsic value. Related: in-the-money.


Time value of money

The idea that a dollar today is worth more than a dollar in the future, because the dollar
received today can earn interest up until the time the future dollar is received.


Time-weighted rate of return

Related: Geometric mean return.


Timecard

A document or electronic record on which an employee records his or
her hours worked during a payroll period.


timeline

representation of the amounts and timing of all
cash inflows and outflows; it is used in analyzing cash flow
from a capital project


times interest earned

A ratio that tests the ability of a business to make
interest payments on its debt, which is calculated by dividing annual
earnings before interest and income tax by the interest expense for the
year. There is no particular rule for this ratio, such as 3 or 4 times, but
obviously the ratio should be higher than 1.


Times-interest-earned ratio

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
payments based on the cash generated by its operations. It is
calculated by dividing the earnings before interest and taxes by the
total interest charges incurred by the firm.


Transfer agent

ndividual or institution appointed by a company to look after the transfer of securities.


Transfer Payment

A grant or gift that is not payment for services rendered.


Transfer price

The price at which one unit of a firm sells goods or services to another unit of the same firm.


Transfer price

The price at which goods or services are bought and sold within divisions of the same organization, as opposed to an arm’s-length price at which sales may be made to an external customer.


transfer price

an internal charge established for the exchange
of goods or services between organizational units
of the same company


Transfer price

The price at which one part of a company sells a product or service to
another part of the same company.


Transferable put right

An option issued by the firm to its shareholders to sell the firm one share of its
common stock at a fixed price (the strike price) within a stated period (the time to maturity). The put right is
"transferable" because it can be traded in the capital markets.


Transferred-in cost

The cost that a product accumulates during its tenure in another
department that is earlier in the production process.


Turnaround time

time available or needed to effect a turnaround.


Unilateral transfers

Items in the current account of the balance of payments of a country's accounting books
that corresponds to gifts from foreigners or pension payments to foreign residents who once worked in the
country whose balance of payments is being considered.


wire transfer

An electronic transmission of money from one place to another. For example, you might request that your bank transfer money from your bank account in Vancouver to the account of a relative in Quebec City. To do this, you would provide the relative’s name and account number, as well as the address of the bank in Quebec City. Your bank would then "wire" the funds, which would usually arrive within a couple of days.


electronic data interchange (EDI)

the computer-to-computer transfer of information in virtual real time using standardized formats developed by the American National Standards Institute


Execution

The process of completing an order to buy or sell securities. Once a trade is executed, it is reported
by a Confirmation Report; settlement (payment and transfer of ownership) occurs in the U.S. between 1
(mutual funds) and 5 (stocks) days after an order is executed. Settlement times for exchange listed stocks are
in the process of being reduced to three days in the U. S.



 

 

 

 

 

 

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