Category: Finance Dictionary

A trust that lets a parent transfer asstes to children to prevent a spouse from getting it.

The trading floor with heavy volume investments used to match risky ones.

A party who works for another party to get a standby to favor another party. Refer to third party letter of credit.

Debt of a company to another company the government guarantees.

An iron alloy with other elements and properties. It is added to make it more corrosive resistant, stronger, and heat resistant.

Lessons that a party brings to a situation.

State laws that let insurers to have new rates without approval.

Anything declared at the end of the financial year.

Loans or other financial instruments that a third party grants. It can also be subsidies, tax allowances, cost sharing arrangements as well.

When an investigator looks at documents and financial activity to see how a crime happened or if it even did happen. Many kinds of financial statements are needed for this. Sometimes ways

The market for stock, bonds, bills of exchange, commodities, futures, and options. They are exchanges for capital or fredit. Refer to capital market and money market.

A short version of statements showing important elements only.

A party that is able to pay their own resources for food, housing, and living expenses. Two of the three categories must be included.

A product that has its final value in the manufacturing process. It is being stored is awaiting sale and delivery or use to make a product.

Software in the read only memory used rarely but is saved when it is shut off. It is short for Basic Input Output System for a PC. It is part of the

1. inventory handled by the idea that they are sold in the same order they are bought. The first things bought are the first sold. It has a high value in high

A party that approves of changing the economy with taxes and government spending. It is the opposite of a menetarist.

An annuity with fixed payments up to a date for the life of the annuitant.

Money in prefered shares, certificates on deposit, and bonds that give a fixed income. If inflation is high than the value goes down making it a good idea when inflation is low.

The difference between the overhead and budgeted amount. They are multiplied by an overhead rate. It involves the units and the cost per unit to get the budget that is compared to