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Definition of Warehousing
The interim holding period from the time of the closing of a loan to its subsequent marketing to
A secured short-term loan to purchase inventory. The three basic forms are a blanket
outsourcing of the moving and warehousing
A loan in which two companies in separate countries borrow each other's currency for a
A secured loan that gives the lender a lien against all the borrower's inventories.
Related: Call money rate.
A mortgage loan on newly developed property that the builder subsidizes during the
A bank term loan that calls for no amortization.
on the other side of a trade or transaction.
The risk that the other party to an agreement will default. In an options contract, the risk
The average number of days' worth of sales that is held in inventory.
Overnight, collateralized loan made to a dealer financing his position by borrowing from a
Given the after-tax stream associated with a lease, the maximum amount of conventional
The institutions that regulate and lend to savings and loan associations. The
A loan on which the rate paid by the borrower is fixed for the life of the loan.
A Congressionally chartered corporation that
loan made by one unit of a corporation to another unit of the same corporation.
For companies: Raw materials, items available for sale or in the process of being made ready for
The ratio of annual sales to average inventory which measures the speed that inventory
loans of $1 billion or more. Or, loans that exceed the statutory size limit eligible for purchase or
Just-in-time inventory systems
Systems that schedule materials/inventory to arrive exactly as they are
Loan amortization schedule
The schedule for repaying the interest and principal on a loan.
Group of banks sharing a loan. See: syndicate.
The amount a policyholder may borrow against a whole life insurance policy at the interest rate
Give the borrower the possibility of drawing a loan in different currencies.
loans usually represented by conventional mortgages on multi-family rental apartments.
A process whereby two companies in different countries borrow each other's currency for a
Project loan certificate (PLC)
A primary program of Ginnie Mae for securitizing FHA-insured and coinsured
Project loan securities
Securities backed by a variety of FHA-insured loan types - primarily multi-family
Usually FHA-insured and HUD-guaranteed mortgages on multiple-family housing complexes,
Savings and Loan association
National- or state-chartered institution that accepts savings deposits and
loan to finance current assets, The sale of the current assets provides the cash to repay
A bank loan, typically with a floating interest rate, for a specified amount that matures in between
Exchange-listed securities trading in the OTC market.
A loan extended by a bank for a specific purpose. In contrast, lines of credit and revolving
Variable rate loan
loan made at an interest rate that fluctuates based on a base interest rate such as the
The number of times a company sold out and replaced its average stock of goods in a year. The formula is:
The value of the products that a retailing or wholesaling company intends to resell for a profit.
Goods bought or manufactured for resale but as yet unsold, comprising raw materials, work-in-progress and finished goods.
The cost of the goods that a company has available for resale.
Amounts that have been loaned to the company and that it still owes.
Periodic inventory system
An inventory system in which the balance in the inventory account is adjusted for the units sold only at the end of the period.
Perpetual inventory system
An inventory system in which the balance in the inventory account is adjusted for the units sold each time a sale is made.
A term describing the loss of products from inventory
inventory turnover ratio
The cost-of-goods-sold expense for a given
Refers to making an entry, usually at the close of a
Inventory Turnover Ratio
Provides a measure of how often a company's inventory is sold or
dollar days (of inventory)
a measurement of the value of inventory for the time that inventory is held
a streamlined system of inventory
The beginning inventory for a period, plus the amount at the end of
The amount of money invested in inventory, as per a companyâ€™s
Finished goods inventory
Goods that have been completed by the manufacturing
Moving average inventory method
An inventory costing methodology that calls for the re-calculation of the average cost of all parts in stock after every purchase.
A system that continually tracks all additions to and deletions
Raw materials inventory
The total cost of all component parts currently in stock that
inventory that has been partially converted through the
Goods that a firm stores in anticipation of its later sale or use as an input.
Average-Cost Inventory Method
The inventory cost-flow assumption that assigns the average
First-In, First-Out (FIFO) Inventory Method
The inventory cost-flow assumption that
The cost of unsold goods that are held for sale in the ordinary course of business or
The number of days it would take to sell the ending balance in inventory at the
A shortfall between inventory based on actual physical counts and inventory
Last-In, First-Out (LIFO) Inventory Method
The inventory cost-flow assumption that assigns the most recent inventory acquisition costs to cost of goods sold. The earliest inventory
Express stipulations included in loan agreements that are designed to monitor
Negative Loan Covenants
loan covenants designed to limit a corporate borrower's behavior
Positive Loan Covenants
loan covenants expressing minimum and maximum financial measures
An entity whose management or operating policies can be controlled or significantly
ABC inventory classification
A method for dividing inventory into classifications,
inventory intended for shipment to customers, usually
The dollar value or unit total of goods on hand at the end of an
Finished goods inventory
Completed inventory items ready for shipment to
Excess inventory kept on hand to provide a buffer against
Excess inventories kept on hand as a buffer against contingent
Parts with no recent prior or forecasted usage.
inventory currently situated between its shipment and delivery
Those items included categorized as either raw materials, work-inprocess,
A transaction used to adjust the book balance of an inventory
The redirection of parts or finished goods away from their intended
A transaction used to record the reduction in inventory from a location,
The arrival of an inventory delivery from a supplier or other
inventory returned from a customer for any reason. This receipt
The number of times per year that an entire inventory or a
An inventory itemâ€™s budgeted maximum inventory level,
An inventory itemâ€™s budgeted minimum inventory level.
The current inventory balance, less allocated or reserved items.
Parts not used in any current end product.
A physical inventory count taken on a repetitive basis.
A manual or automated inventory tracking system in which
A manual count of the on-hand inventory.
The process of comparing book to actual inventory balances,
Very high inventory levels built up in anticipation of large
Parts for which the on-hand quantity exceeds forecasted
The direct management and ownership of selected
A short term loan to cover the immediate cash requirements until permanent financing is received.
A loan which must be repaid in full on demand.
Farm Improvement and Marketing Cooperatives Loans Act
Fixed Rate Loan
loan for a fixed period of time with a fixed interest rate for the life of the loan.
Ratio of annual sales to inventory, which shows how many times the inventory of a firm is sold and replaced during an accounting period.
Borrowed funds having a fixed interest rate.
A loan advanced under an operating line of credit.
A secured loan made to business concerns for a specific period (normally three to ten years). It is repaid with interest, usually with periodical payments.
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