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A-Share
In a family of multi-class mutual funds, this is the class that is characterized by a front load structure. Not all fund companies follow this class structure; however it is the prominent method of distinction. Class A Mutual Fund units Will commonly have...
Posted by  Informa Group PLC View details
 
AAA
The highest rating given on bonds by Bond rating agencies. AAA bonds are supposed to have virtually no Risk of Default. Moody's and Standard & Poor's are the most widely used rating agencies. A Credit Rating assesses the credit worthiness of an individual,...
Posted by  IMCA View details
 
Abandonment
It can be the act of surrendering a claim to, or Interest in, a particular asset or the permitted withdrawal from a Forward contract that is made for the purchase of deliverable securities ort he act of allowing an Option to expire unexercised. Corporations...
Posted by  Information Management Network LLC. View details
 
Abandonment Option
A clause written in a contract, granting parties the Option of withdrawing from the contract before the fulfillment or completion of all the contractual duties. This clause adds value by giving the parties the ability to end the obligation if it is unprofitable. ...
Posted by  IMCA View details
 
Abandonment Value
The value of a project or asset if it were immediately liquidated. Also known as the liquidation value. The Abandonment value is generally a Cash value, or equivalent, associated with an asset. This value is important for companies when analyzing the...
Posted by  IMCA View details
 
Abatement
In general, a decrease in the amount of taxation faced by an individual or company. A Tax decrease, a reduction in penalties, or a rebate are examples of an abatement. Abatement of debts and legacies is a common law doctrine of wills that holds that when...
Posted by  IMCA View details
 
Abatement Cost
A cost paid by many businesses for the removal and/or reduction of an undesirable item that they have created. Abatement costs are generally incurred when corporations are required to reduce possible nuisances or negative byproducts created during production....
Posted by  Privatebanking.com View details
 
ABC Agreement
An agreement made between a purchasing member of a seat on the NYSE and the firm in which he/she works. With the approval of the NYSE, this agreement stipulates that the employee of the firm may: a) transfer the seat to another employee of the firm, b)...
Posted by  IMCA View details
 
Absolute Advantage
The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service. Entities with absolute advantages can produce something using a smaller...
Posted by  Opal Financial Group View details
 
Academic Consultants
An advisory group initiated by the Board in the 1960s to provide a forum for the Exchange of views between the Board and members of the academic community in Economics and banking.
Posted by  Institute for International Research View details
 
Accelerated Cost Recovery System - ACRS
A system of Depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS Depreciation is based on recovery periods instead of useful life. These periods were predetermined by the IRS. The modified accelerated cost recovery system (MACRS) replaced...
Posted by  Brazilian-American Chamber of Commerce Inc. View details
 
Accelerated Death Benefit
It is a life insurance policy with an optional provision which allows a specified percentage of the death benefit to be paid prior to the insured's death, if a doctor certifies that the insured's life expectancy is limited (usually 12 months or less). ...
Posted by  Institute for International Research View details
 
Accountable Plan
A plan for reimbursing employees for business expenses. Under this plan, the reimbursement that the employee receives for the expenses is not included in his/her income. Employees are required to account adequately for expenses with records and return...
Posted by  IQPC Ltd View details
 
Accredited Investor
A term used by the SEC under Regulation D to define investors that are financially sophisticated and have no need for the protection provided by certain government filings. Also known as a qualified purchaser. Accredited investor is defined as various...
Posted by  marcus evans limited View details
 
Accumulated Earnings Tax
A Tax imposed by the federal government upon companies with retained Earnings deemed to be unreasonable and in excess of what is considered ordinary. It is a Tax imposed by the federal government upon companies with retained Earnings deemed to be unreasonable...
Posted by  marcus evans (Europe) Ltd View details
 
Acquirer
In electronic money system, the entity or entities (typically banks) that hold Deposit accounts for merchants and to which transaction data are transmitted. The firm which is purchasing a company in an Acquisition. The acquirer is also known as a bidder. ...
Posted by  IMCA View details
 
Acquisition
The process of buying or acquiring some asset. The term can refer to the purchase of a block of stock or more often, to the acquisition of an entire company. A corporate action in which a company buys most, if not all, of the target company's ownership...
Posted by  IMCA View details
 
Act of God Bond
A Bond issued by an insurance company, linking principal and Interest to the company's losses due to natural disasters. Such bonds create flexibility for insurance companies if an unforeseen natural disaster occurs. Because principal and Interest depend...
Posted by  Privatebanking.com View details
 
Active Bond
A term used to describe fixed-income securities that trade frequently on the floor of the NYSE. Generally, most-active stocks are those with the most shares traded over one day. Usually, stocks experience higher-than-normal trading Volume due to significantly...
Posted by  Financial Research Associates, LLC View details
 
Active Management
The use of a human element, such as a single manager, co-managers or a team of managers, to actively manage a fund's Portfolio. Active managers rely on analytical research, forecasts, and their own judgment and experience in making investment decisions...
Posted by  IMCA View details
 
Ad Valorem Tax
A Tax based on the assessed value of Real Estate or personal property. In other words ad valorem taxes can be property Tax or even duty on imported items. Property ad valorem taxes are the major source of revenues for state and municipal governments. ...
Posted by  IMCA View details
 
Adjustable Rate Mortgage (ARM)
A loan in which the Interest rate is periodically adjusted, moving higher or lower in the same ratio as a pre-selected index such as Treasury Bill rates. An adjustable rate mortgage (ARM) is a mortgage loan where the Interest rate on the note is periodically...
Posted by  Henley & Partners Group Holdings Ltd View details
 
Adjusted Cost Base - ACB
An income Tax term that refers to the change in an asset's Book Value resulting from improvements, new purchases, sales, payouts, or other factors. An adjusted cost base can be calculated on a single or a per unit Basis. The Book Value can be adjusted...
Posted by  IMCA View details
 
Adjusted gross income
An interim calculation in the computation of income Tax liability. It is .computed by subtracting certain allowable adjustments from gross income. In the US, a person's income on which federal income Tax is calculated.This is gross income less adjustments...
Posted by  IQPC Worldwide Pte View details
 
Adoption Credit
A per-child Tax credit for adopting a child under 18. The Limit is higher if it's determined that the adopted child has special needs. The credit is nonrefundable, thus, it can only decrease a taxpayers Tax liability to zero. However, if the credit amount...
Posted by  Worldwide Business Research View details
 
ADRs (American Depositary Receipts)
ADRs (American Depositary Receipts) are tradable certificates in registered form, issued in the U.S. by a U.S. bank, which certifies that a specific number of foreign shares have been deposited with an overseas branch of the bank - or another financial Institution...
Posted by  Institute for International Research View details
 
Affluenza
A social condition arising from the desire to be more wealthy or successful. Affluenza is a term used by critics of consumerism. Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements. People said to be...
Posted by  Convention of Independent Financial Advisors CIFA View details
 
Agent
An authorized representative of an insurance company who solicits and services insurance contracts. Also known as an Associate. An individual or firm authorized to act on behalf of another (called the principal), such as by executing a transaction or selling...
Posted by  Tre C S.r.l.u.s. Servizi Finanziari View details
 
Aggressive Investment Strategy
A method of Portfolio management and Asset allocation that attempts to achieve maximum return. Because their aim is capital growth, aggressive investors place a higher percentage of their assets in equities rather than in safer Debt securities. As such,...
Posted by  Informa Group PLC View details
 
Aging
A method used by accountants and investors to evaluate and identify any irregularities within a company's account receivables. Aging is achieved by sorting and inspecting the accounts according to their length outstanding. By aging a company's accounts...
Posted by  Informa Group PLC View details
 
Agreement Corporation
An Agreement Corporation is a federally or state-chartered Corporation that has entered into an agreement or understanding with the Board that it Will not Exercise any power that is impermissible for an Edge Corporation. Corporation is a legal entity that...
Posted by  Informa Group PLC View details
 
Agricultural Prices
An index prices that the farmers get in the market. The statistics is expressed as a percentage change from the previous month. It is a useful predictor of price changes on the grocery shelf, which are reflected in the consumer price index. A consumer...
Posted by  Informa Group PLC View details
 
Alan Greenspan
The former chairman of the Board of Governors of the Federal Reserve System as well as the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. His tenure at the helm of the Fed lasted 18 years from 1987 until early 2006,...
Posted by  IQPC Ltd View details
 
Algorithmic trading
In electronic financial markets, algorithmic trading, also known as algo, automated, black-Box, or robo trading, is the use of computer programs for entering trading orders with the computer algorithm deciding on certain aspects of the order such as the timing,...
Posted by  PrĂ©vis AG View details
 
Alimony
Money paid to a divorced or separated spouse pursuant to a divorce order. For the receiver, payments are considered taxable income; for the payer, they are a deductible Expense.
Posted by  Henley & Partners Group Holdings Ltd View details
 
Allonge
A sheet of paper attached to a bill of Exchange for the purpose of documenting endorsements. Allonge is a slip of paper affixed to a negotiable instrument, as a bill of Exchange, for the purpose of receiving additional endorsements for which there may...
Posted by  Informa Group PLC View details
 
Alpha
Extra return on an asset compared with its required rate of return. Investment managers often explain what they do with the help of two Greek letters, Alpha and Beta. These are used to describe the two main risks inherent in investing in stocks. Alpha...
Posted by  Informa Group PLC View details
 
Alternate account
Account which multiple individuals can draw against without permission from each other.
Posted by  Informa Group PLC View details
 
Alternative Investments
Refers to investment in Hedge funds and other non-traditional investment types such as private Equity and Venture capital. An alternative investment is regarded as an investment product other than traditional investments such as stocks, bonds, money markets...
Posted by  Informa Group PLC View details
 
Alternative Minimum Tax
Alternative Minimum Tax (AMT) is part of the Federal income Tax system of the United States. There is an AMT for those who owe personal income Tax, and another for corporations owing corporate income Tax. A method of calculating income Tax that disallows...
Posted by  marcus evans (Europe) Ltd View details
 
Amalgamation
A combination under a single entity of all or part of the assets and liabilities of two or more business units by either merger (where one company absorbs another) or consolidation (where the original companies form a new one) is called amalgamation. Amalgamation...
Posted by  Catalyst Financial Partners LLC View details
 
American National Standards Institute (ANSI)
A non-profit organization that sponsors industry standards for information management and financial communication. The American Bankers Association has responsibility for the ANSI financial industry standards committee (ANSI X9). The American National...
Posted by  Opal Financial Group View details
 
Amortization
The gradual and systematic reduction of Debt by equal periodic payments. Amortization is an accounting practice that companies use to write off intangible rights or assets - such as Goodwill or copyrights. Where the assets being written off are fixed assets,...
Posted by  Henley & Partners Group Holdings Ltd View details
 
Analyst
A financial analyst (or securities analyst, research analyst, Equity analyst, investment analyst) is a person who works with financial analysis. An analyst Will write reports on the companies they are supposed to cover, trying to describe the businesses...
Posted by  Informa Group PLC View details
 
Announcement Date
The date at which a company Will announce the details regarding an issue of Debt or Equity or the day that coincides with the release of new financial news, such as Interest rate changes or Earnings reports. The announcement date is the first day the public...
Posted by  Informa Group PLC View details
 
Annual Percentage Rate (APR)
The cost of your credit as a yearly rate. It takes into account Interest, points, loan Origination Fee, etc. It is a good Basis for comparing the cost of various loan programs, since all lenders are required to use the same guidelines in determining APR....
Posted by  Information Management Network LLC. View details
 
Annual Report
Yearly record of a public limited company's financial condition. It describes the firm's operations, its Balance Sheet, and its income Statement. According to he Securities & Exchange Commission (SEC) rules, the annual report is distributed to all shareholders....
Posted by  Convention of Independent Financial Advisors CIFA View details
 
Appraisal
A professional opinion of the Market value of a property. A property's value assessment is based on information from recent sales of similar properties. An estimate of the value of property, made by a qualified licensed professional called an "appraiser." ...
Posted by  Henley & Partners Group Holdings Ltd View details
 
Approved List
A list of pre-selected securities that are deemed fit for purchase by a Mutual Fund or the clients of a brokerage firm. The intention is to Limit the account managers' or brokers' array of choices to investments available on the brokerage's approved list....
Posted by  Informa Group PLC View details
 
Arbitrage
Arbitrage means dealing simultaneously in the same product in two markets to take advantage of temporary price distortions at minimal Risk. For example, a share with a Bid-Offer price of 100 - 101 in New York, and a Bid-Offer price of 102 - 103 in London,...
Posted by  Informa Group PLC View details
 
Associate
An associate is a company over which a parent company has a significant influence. An associate company is also called associated undertaking or Equity affiliate. Associate company is a company in which another company owns a significant portion of...
Posted by  Opal Financial Group View details
 
Attribute Bias
The tendency of stocks selected by a quantitative technique or model to have similar fundamental characteristics, such as High yields and Low Earnings valuations. Most investing models that provide investment choices as an output Will have to establish...
Posted by  Informa Group PLC View details
 
Auction
A system where potential buyers place competitive bids on assets and services. An auction is a process of buying and selling goods or services by offering them up for Bid, taking bids, and then selling the item to the winning bidder. In economic theory,...
Posted by  Tre C S.r.l.u.s. Servizi Finanziari View details
 
Auction Rate
The Interest rate that Will be paid on a specific Security as determined by the Dutch Auction process. The auctions take place at periodic intervals, and the Interest rate is fixed until the next Auction is held. This process is commonly used to determine...
Posted by  Informa Group PLC View details
 
Audit
The examination of the accounting and financial documents of a firm by an objective professional. The audit is done to determine the records' accuracy, consistency, and conformity to legal and accounting principles. Traditionally audits were mainly...
Posted by  Informa Group PLC View details
 
Authorized Signer
A person appointed by the owner of an account to draw, sign and deliver checks, drafts, bills of Exchange or other orders for the payment of money, including checks payable to the authorized signers order and to endorse checks, drafts or other instrument. ...
Posted by  ebs Finanzakademie GmbH View details
 
Automated teller machine (ATM)
A device for conducting business at your credit union or other financial Institution without a teller's help even when it's closed. With an ATM card, you can typically withdraw Cash, transfer money between two accounts, or check your account balances. ...
Posted by  Informa Group PLC View details
 
Automatic Funds Transfer
Transactions which occur through computer networks and which do not require direct management. A depositors Savings Account from which funds may be transferred automatically to the same depositors checking account to cover a check written or to maintain...
Posted by  Informa Group PLC View details
 
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