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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 method for dividing inventory into classifications,
The inventory cost-flow assumption that assigns the average
The beginning inventory for a period, plus the amount at the end of
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.
The amount of money invested in inventory, as per a company’s
A short term loan to cover the immediate cash requirements until permanent financing is received.
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.
An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes.
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
Days' sales in inventory ratio
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
A loan which must be repaid in full on demand.
inventory intended for shipment to customers, usually
dollar days (of inventory)
a measurement of the value of inventory for the time that inventory is held
The dollar value or unit total of goods on hand at the end of an
Given the after-tax stream associated with a lease, the maximum amount of conventional
Farm Improvement and Marketing Cooperatives Loans Act
Federal Home Loan Banks
The institutions that regulate and lend to savings and loan associations. The
Finished goods inventory
Goods that have been completed by the manufacturing
Finished goods inventory
Completed inventory items ready for shipment to
First-In, First-Out (FIFO) Inventory Method
The inventory cost-flow assumption that
A loan on which the rate paid by the borrower is fixed for the life of the loan.
Fixed Rate Loan
loan for a fixed period of time with a fixed interest rate for the life of the loan.
Excess inventory kept on hand to provide a buffer against
Freddie Mac (Federal Home Loan Mortgage Corporation)
A Congressionally chartered corporation that
Excess inventories kept on hand as a buffer against contingent
inventory currently situated between its shipment and delivery
Parts with no recent prior or forecasted usage.
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
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.
Goods that a firm stores in anticipation of its later sale or use as an input.
The cost of unsold goods that are held for sale in the ordinary course of business or
Those items included categorized as either raw materials, work-inprocess,
A transaction used to adjust the book balance of an inventory
The number of days it would take to sell the ending balance in inventory at the
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
A term describing the loss of products from inventory
A shortfall between inventory based on actual physical counts and inventory
The ratio of annual sales to average inventory which measures the speed that inventory
The number of times a company sold out and replaced its average stock of goods in a year. The formula is:
The number of times per year that an entire inventory or a
Ratio of annual sales to inventory, which shows how many times the inventory of a firm is sold and replaced during an accounting period.
inventory turnover ratio
The cost-of-goods-sold expense for a given
Inventory Turnover Ratio
Provides a measure of how often a company's inventory is sold or
Refers to making an entry, usually at the close of a
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
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
Loan amortization schedule
The schedule for repaying the interest and principal on a loan.
Borrowed funds having a fixed interest rate.
Express stipulations included in loan agreements that are designed to monitor
Group of banks sharing a loan. See: syndicate.
The amount a policyholder may borrow against a whole life insurance policy at the interest rate
Amounts that have been loaned to the company and that it still owes.
An inventory item’s budgeted maximum inventory level,
The value of the products that a retailing or wholesaling company intends to resell for a profit.
An inventory item’s budgeted minimum inventory level.
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.
Give the borrower the possibility of drawing a loan in different currencies.
loans usually represented by conventional mortgages on multi-family rental apartments.
Negative Loan Covenants
loan covenants designed to limit a corporate borrower's behavior
The current inventory balance, less allocated or reserved items.
Parts not used in any current end product.
A loan advanced under an operating line of credit.
A process whereby two companies in different countries borrow each other's currency for a
A physical inventory count taken on a repetitive basis.
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.
A system that continually tracks all additions to and deletions
A manual or automated inventory tracking system in which
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 lump sum that you borrow from a financial institution for a specified period of time. To repay the loan, you pay interest on the entire lump sum, and make payments on a scheduled basis.
A manual count of the on-hand inventory.
Positive Loan Covenants
loan covenants expressing minimum and maximum financial measures
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,
Raw materials inventory
The total cost of all component parts currently in stock that
The process of comparing book to actual inventory balances,
An entity whose management or operating policies can be controlled or significantly
Savings and Loan association
National- or state-chartered institution that accepts savings deposits and
Very high inventory levels built up in anticipation of large
secured loan or line of credit
A lump sum of funds (loan), or a revolving source of credit with a pre-established limit (line of credit), for which the customer must provide collateral.
loan to finance current assets, The sale of the current assets provides the cash to repay
Parts for which the on-hand quantity exceeds forecasted
A bank loan, typically with a floating interest rate, for a specified amount that matures in between
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.
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
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