- 行业: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Method of calculating finance charges that uses the account balance remaining after adjusting for all transactions posted during the given billing period as its basis. Related: Average daily balance method, previous balance method, past due balance method.
Industry:Financial services
Price from which to calculate and derive capital gains or losses upon sale of an asset. Account actions such as any stock splits that have occurred since the initial purchase must be accounted for.
Industry:Financial services
Term used in options on Ginnie Mae (Government National Mortgage Association) contracts. The final exercise price of the option accounts for the coupon rates carried on Ginnie Mae mortgages. For example, if the standard GNMA mortgage has an 9% yield, the price of GNMA pools with 13% mortgages in them is altered so that the investor receives the same yield.
Industry:Financial services
A bond issued in exchange for outstanding bonds when a corporation facing bankruptcy is recapitalized.
Industry:Financial services
IRS rules used to allocate income on export sales to a foreign sales corporation.
Industry:Financial services
Increase in the market price of stocks, bonds, commodities, or other assets.
Industry:Financial services
A promise to sell an asset before the seller has lined up purchase of the asset. This seller can offset risk by purchasing a futures contract to fix the sales price approximately.
Industry:Financial services
A pension plan in which funds are set aside in advance of the date of retirement.
Industry:Financial services
In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded). The refunding issue usually specifies a rate lower than the issue to be refunded, and the proceeds are invested, usually in government securities, until the higher-rate bonds become callable. See: Refunding escrow deposits.
Industry:Financial services
Money or property given to a person by the deceased before death and intended as an advance against the beneficiary's share in the will.
Industry:Financial services
