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Financial Terms | |
Yard |
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Definition of YardYardSlang for one billion dollars. Used particularly in currency trading, e.g. for Japanese yen since on
Related Terms:10-KAnnual report required by the SEC each year. Provides a comprehensive overview of a company's state Abusive Earnings ManagementThe USe of varioUS forms of gimmickry to distort a company's true financial performance in order to achieve a desired result. Abusive Earnings ManagementA characterization USed by the Securities and Exchange Acceleration ClauseClaUSe caUSing repayment of a debt, if specified events occur or are not met. Adjustable rate preferred stock (ARPS)Publicly traded issues that may be collateralized by mortgages and MBSs. Adjusted Cash Flow Provided by Continuing OperationsCash flow provided by operating Adjusted EarningsNet income adjUSted to exclude selected nonrecurring and noncash items of reserve, gain, expense, and loss. ![]() Adjusted EBITDAConventional earnings before interest, taxes, depreciation, and amortization (EBITDA) revised to exclude the effects of mainly nonrecurring items of revenue or gain and expense or loss. Adjusted Income from ContinuingOperations Reported income from continuing operations Adjusted present value (APV)The net present value analysis of an asset if financed solely by equity Adjusting entriesThe entries needed at the end of an accounting period to properly state certain account balances. All or noneRequirement that none of an order be executed unless all of it can be executed at the specified price. All-or-none underwritingAn arrangement whereby a security issue is canceled if the underwriter is unable Asian currency units (ACUs)Dollar deposits held in Singapore or other Asian centers. At-the-moneyAn option is at-the-money if the strike price of the option is equal to the market price of the Automated Clearing House (ACH)A collection of 32 regional electronic interbank networks USed to ![]() Automated Clearing House (ACH)A banking clearinghoUSe that processes direct Autonomous ExpenditureElements of spending that do not vary systematically with variables such as GDP that are explained by the theory. See also exogenoUS expenditure. Back flushThe subsequent subtraction from inventory records of those parts USed backflush costinga streamlined cost accounting method that speeds up, simplifies, and reduces accounting effort in an environment that minimizes inventory balances, requires Basic business strategiesKey strategies a firm intends to pursue in carrying out its bUSiness plan. Block houseBrokerage firms that help to find potential buyers or sellers of large block trades. Blocked currencyA currency that is not freely convertible to other currencies due to exchange controls. British clearersThe large clearing banks that dominate deposit taking and short-term lending in the domestic Business cycleRepetitive cycles of economic expansion and recession. Business CycleFluctuations of GDP around its long-run trend, consisting of recession, trough, expansion, and peak. Business Expansion InvestmentThe USe of capital to create more money through the addition of fixed assets or through income producing vehicles. Business failureA bUSiness that has terminated with a loss to creditors. business intelligence (BI) systema formal process for gathering and analyzing information and producing intelligence to meet decision making needs; requires information about business process reengineering (BPR)the process of combining information technology to create new and more effective Business riskThe risk that the cash flow of an issuer will be impaired becaUSe of adverse economic business-value-added activityan activity that is necessary for the operation of the bUSiness but for which a cUStomer would not want to pay Busted convertibleRelated: Fixed-income equivalent. Call money rateAlso called the broker loan rate , the interest rate that banks charge brokers to finance Capital surplusAmounts of directly contributed equity capital in excess of the par value. Cash Flow Provided or Used from Financing ActivitiesCash receipts and payments involving Cash Flow Provided or Used from Investing ActivitiesCash receipts and payments involving Ceteris ParibusHolding other things constant. Circus swapA fixed rate currency swap against floating U.S. dollar LIBOR payments. Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds Clearing house / ClearinghouseAn adjunct to a futures exchange through which transactions executed its floor are settled by a Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value Cluster analysisA statistical technique that identifies clUSters of stocks whose returns are highly correlated Collateral trust bondsA bond in which the issuer (often a holding company) grants investors a lien on Commercial Business Loan (Credit Insurance)An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for bUSiness purposes. Commission houseA firm which buys and sells future contracts for cUStomer accounts. Related: futures ComponentRaw materials or subassemblies USed to make either finished goods Conditional Buyerone of two parties to a conditional sale agreement, the other being the conditional seller. Consensus forecastThe mean of all financial analysts' forecasts for a company. Consolidated Omnibus Budget Reconciliation Act (COBRA)A federal Act Constant dollarsSee real dollars. continuous budgetinga process in which there is a rolling Continuous compoundingThe process of accumulating the time value of money forward in time on a Continuous CompoundingThe process of continuoUSly adding interest to a principal plUS Continuous DiscountingThe process of calculating the present value of a stream of future continuous improvementan ongoing process of enhancing employee task performance, level of product quality, and level of company service through eliminating nonvalue-added activities to reduce lead time, making products continuous lossany reduction in units that occurs uniformly Continuous random variableA random value that can take any fractional value within specified ranges, as cost consciousnessa company-wide attitude about the topics cost-plus contracta contract in which the cUStomer agrees Cost Plus Estimated Earnings in Excess of BillingsRevenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts Cost-plus pricingA method of pricing in which a mark-up is added to the total product/service cost. Cost-Push InflationInflation whose initial caUSe is cost increases rather than excess demand. See also demand-pull inflation. Cumulative-Effect AdjustmentThe cumulative, after-tax, prior-year effect of a change in accounting Cumulative Translation Adjustment (CTA) accountAn entry in a translated balance sheet in which gains CurrencyMoney. Currency arbitrageTaking advantage of divergences in exchange rates in different money markets by Currency basketThe value of a portfolio of specific amounts of individual currencies, USed as the basis for Currency futureA financial future contract for the delivery of a specified foreign currency. Currency optionAn option to buy or sell a foreign currency. Currency riskRelated: Exchange rate risk Currency risk sharingAn agreement by the parties to a transaction to share the currency risk associated with Currency selectionAsset allocation in which the investor chooses among investments denominated in Currency swapAn agreement to swap a series of specified payment obligations denominated in one currency Current DollarsA variable like GDP is measured in current dollars if each year's value is measured in prices prevailing during that year. In contrast, when measured in real or constant dollars, each year's value is measured in a base year's prices. Cushion bondsHigh-coupon bonds that sell at only at a moderate premium becaUSe they are callable at a Custodial fees Feescharged by an institution that holds securities in safekeeping for an investor. Customary payout ratiosA range of payout ratios that is typical based on an analysis of comparable firms. Customized benchmarksA benchmark that is designed to meet a client's requirements and long-term Customs unionAn agreement by two or more countries to erect a common external tariff and to abolish Day tradingRefers to establishing and liquidating the same position or positions within one day's trading. Deed of trustIndenture. Delivery versus paymentA transaction in which the buyer's payment for securities is due at the time of Depository Trust Company (DTC)DTC is a USer-owned securities depository which accepts deposits of Devaluation A decrease in the spot price of the currency
Diffusion processA conception of the way a stock's price changes that assumes that the price takes on all Dow Jones industrial averageThis is the best known U.S.index of stocks. It contains 30 stocks that trade on Dow Jones Industrial AverageIndex of the investment performance of a portfolio of 30 “blue-chip” stocks. Dual-currency issuesEurobonds that pay coupon interest in one currency but pay the principal in a different economic components modelAbrams’ model for calculating DLOM based on the interaction of discounts from four economic components. Economic surplusFor any entity, the difference between the market value of all its assets and the market EndogenousDetermined from within the system. Opposite of exogenoUS. Endogenous variableA value determined within the context of a model. Equipment trust certificatesCertificates issued by a trUSt that was formed to purchase an asset and lease it Eurocurrency depositA short-term fixed rate time deposit denominated in a currency other than the local Eurocurrency marketThe money market for borrowing and lending currencies that are held in the form of eurodollarsdollars held on deposit in a bank outside the United States. EurodollarsDeposits denominated in U.S. dollars but held in banks located outside the United States, such as in Canada or France. European Currency Unit (ECU)An index of foreign exchange consisting of about 10 European currencies, European Monetary System (EMS)An exchange arrangement formed in 1979 that involves the currencies Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |