Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: finance, inventory, investment, financial advisor, business, financial, accounting, tax advisor,
Definition of Wave picking
The practice of grouping the priority of pick lists so that groups of
Selecting specific assets for sale so as to record desired gains or losses.
picking for several summarized orders at the same time, thereby
A picking method requiring the sequential completion of
The process of moving items from stock for shipment to customers.
A document listing items to be removed from stock, either for delivery to the shop floor for production purposes or for delivery to a customer.
Withdrawing parts or subassemblies from stock in order to
The practice of picking by area of the warehouse, rather than by
A group of similar products produced together.
a cost that is caused by a group of things
A cost that is incurred when a group of products or services are produced,
Rule in bankruptcy proceedings whereby senior creditors are required to be paid in full
total liabilities exceed total assets. A firm with a negative net worth is insolvent on
A merger or consolidation in which an acquirer purchases the selling firm's assets.
Any possession that has value in an exchange.
The ratio of total assets to stockholder equity.
Also called surplus management, the task of managing funds of a financial
Asset activity ratios
Ratios that measure how effectively the firm is managing its assets.
Asset allocation decision
The decision regarding how an institution's funds should be distributed among the
A security that is collateralized by loans, leases, receivables, or installment contracts
Methods of financing in which lenders and equity investors look principally to the
Categories of assets, such as stocks, bonds, real estate and foreign securities.
A bond indenture restriction that permits additional borrowing on if the ratio of assets to
Asset for asset swap
Creditors exchange the debt of one defaulting borrower for the debt of another
Asset pricing model
A model for determining the required rate of return on an asset.
A firm's investing in assets that are riskier than those that the debtholders expected.
Asset substitution problem
Arises when the stockholders substitute riskier assets for the firm's existing
An interest rate swap used to alter the cash flow characteristics of an institution's assets so as to
The ratio of net sales to total assets.
Asset pricing model
A model, such as the Capital Asset Pricing Model (CAPM), that determines the required
A firm's productive resources.
A common element of a financial plan that describes projected capital spending and the
Bank for International Settlements (BIS)
An international bank headquartered in Basel, Switzerland, which
A method of securities distribution/ underwriting in which the securities firm agrees to sell
Related: Premium payback period.
decision Allocation of invested funds between risk-free assets versus the risky portfolio.
Capital asset pricing model (CAPM)
An economic theory that describes the relationship between risk and
Capital gains yield
The price change portion of a stock's return.
Cash flow time-line
Line depicting the operating activities and cash flows for a firm over a particular period.
Cash settlement contracts
Futures contracts, such as stock index futures, that settle for cash, not involving
A transaction in which the seller's intention is to reduce or eliminate a long position in a stock,
Related: Unsystematic risk
The collection of money managers of similar investment style used for assessing
Conditional sales contracts
Similar to equipment trust certificates except that the lender is either the
A type of bond that has an infinite life but is not issued in the U.S. capital markets.
The combining of two or more firms to form an entirely new entity.
A merchant banking subsidiary set up by several banks that may or may not be of the
Contingent deferred sales charge (CDSC)
The formal name for the load of a back-end load fund.
The return at which two alternative projects have the same net present value.
Value of cash, accounts receivable, inventories, marketable securities and other assets that
Date of record
Date on which holders of record in a firm's stock ledger are designated as the recipients of
Days' sales in inventory ratio
The average number of days' worth of sales that is held in inventory.
Days' sales outstanding
Average collection period.
The use of general fact to provide accurate information about a specific situation.
Doctrine of sovereign immunity
Doctrine that says a nation may not be tried in the courts of another country
Domestic International Sales Corporation (DISC)
A U.S. corporation that receives a tax incentive for
Dynamic asset allocation
An asset allocation strategy in which the asset mix is mechanistically shifted in
Employee stock ownership plan (ESOP)
A company contributes to a trust fund that buys stock on behalf of
Exchange of assets
Acquisition of another company by purchase of its assets in exchange for cash or stock.
Feasible set of portfolios
The collection of all feasible portfolios.
Claims on real assets.
See:diversifiable risk or unsystematic risk.
Long-lived property owned by a firm that is used by a firm in the production of its income.
Fixed asset turnover ratio
The ratio of sales to fixed assets.
Flat price (also clean price)
The quoted newspaper price of a bond that does not include accrued interest.
Foreign Sales Corporation (FSC)
A special type of corporation created by the Tax Reform Act of 1984 that
A method for hedging price risk which involves an agreement between a lender and an investor
Good delivery and settlement procedures
Refers to PSA Uniform practices such as cutoff times on delivery
Government National Mortgage Association (Ginnie Mae)
A wholly owned U.S. government corporation
Government sponsored enterprises
Privately owned, publicly chartered entities, such as the Student Loan
The date on which holders of record in a firm's stock ledger are designated as the
Delivery and settlement of securities within five business days.
The attempt to use information about a specific situation to draw a conclusion.
The risk that a firm will be unable to satisfy its debts. Also known as bankruptcy risk.
A firm that is unable to pay debts (liabilities are greater than assets).
The sale of an asset in exchange for a specified series of payments (the installments).
A legal claim to some future benefit, typically a claim to future cash. Goodwill, intellectual
Just-in-time inventory systems
Systems that schedule materials/inventory to arrive exactly as they are
Law of large numbers
The mean of a random sample approaches the mean (expected value) of the
An entity that leases an asset to another entity.
Leveraged required return
The required return on an investment when the investment is financed partially by debt.
Limitation on merger, consolidation, or sale
A bond covenant that restricts in some way a firm's ability to
Limitation on sale-and-leaseback
A bond covenant that restricts in some way a firm's ability to enter into
Asset that is easily and cheaply turned into cash - notably cash itself and short-term securities.
Value of property, equipment and other capital assets minus the depreciation. This is an
An entity that leases an asset to another entity.
Limitation on asset dispositions
A bond covenant that restricts in some way a firm's ability to sell major assets.
A money manager who assumes he or she can forecast when the stock market will go up and down.
Markowitz efficient set of portfolios
The collection of all efficient portfolios, graphically referred to as the
A system, such as the arrangement between the CME and SIMEX, which allows trading
National Futures Association (NFA)
The futures industry self regulatory organization established in 1982.
Situation in which the terms of an offering are determined by negotiation between the issuer
Net asset value (NAV)
The value of a fund's investments. For a mutual fund, the net asset value per share
The difference between total assets on the one hand and current liabilities and noncapitalized longterm
Net operating losses
losses that a firm can take advantage of to reduce taxes.
A tangible asset with unique physical properties, like a parcel of land, a mine, or a
Elimination of a long or short position by making an opposite transaction. Related: liquidation.
A transaction in which the seller's intention is to create or increase a short position in a given
The possible expected return and standard deviation pairs of all portfolios that can be
Other current assets
Value of non-cash assets, including prepaid expenses and accounts receivable, due
Amount of funds generated during the period from operations by sources other than
An indicator that attempts to define when prices have moved too far and too
Organizations that have established a pension plan.
Personal tax view (of capital structure)
The argument that the difference in personal tax rates between
An interest in an asset held by a trustee for the benefit of another person.
The gain in yield that occurs when a block of bonds is swapped for another block of higher-coupon bonds.
The entities that establish pension plans, including private business entities acting for their
Anit-takeover device that gives a prospective acquiree's shareholders the right to buy shares of the
A covenant allowing the bondholder to demand repayment in the event of a hostile merger.
Policy asset allocation
A long-term asset allocation method, in which the investor seeks to assess an
Portfolio opportunity set
The expected return/standard deviation pairs of all portfolios that can be
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.