Category: Finance Dictionary

Accounting mistake on a balance sheet where an error in an entry causes a same-amount error in an entry in its balancing account.

Estate owner’s instructions on handling estate assets at the owner’s death, full disability, or legal incapacitation.

Generic name for the category of local area network (LAN) protocols and cabling schemes. Most popular LAN. A LAN connects computers, printers, modems, terminals and other peripherals. Can connect up to 1,024

International clearing house based in Brussels, Belgium for multicurrency cash clearing and settlement for internationally traded securities. Managed by Morgan Guaranty for owner banks. .

Known also as global depository receipt (GDR).

Using bad news, distressed situation, merger, recapitalization, or spinoff as a strategy taking advantage of price drops before or after these events occur.

Meaning that a shares buyer will have no rights to warrants associated with the purchase or the shares.

A yield based on Interest above the guaranteed rate amount. Increase the cash value of a policy.

An attempt to improve a country’s balance of payments position by a government-imposed constraining of conversion of its currency to another specific country’s currency.

Proof and facts must be proven solely by legal, moral methods. Rules of evidence. t

Cost of enjoying an excursion. Often discounted, with some restrictions, like limited services or meals.

Organizational cabinet of executives accountable for collective executive decisions and assignments. Titled roles are typically a chairperson, vice-chairperson, secretary, and treasurer. Accountable to the board of directors.

National Association of Realtors issues this monthly report tracking sales of existing homes. It is released around the 25th of each month. The comparisons can be month-to-month, or for a particular month

Latter-staged portion of a business cycle expansion experiencing a short run equilibrium real production being greater than the fullemployment real production. The equilibrium real production occurs in the shortrun aggregate market. Fullemployment

A formulated, predictive return on an investment to help make a worthwhile investment decision . It is generated by calculating a series of potential results, filtering out unwanted ones by specific conditions,

Expenses are covered by this amount and is typically added to the rate.

A person that had knowledge and skills learned over years of experience in a subject. Their opinion can be helpful in problem solving. Refer to expert evidence.

When materials used to make something are broked down to each component. Once used its off a materials list.

When the government offers help to exporters for service subsidy, cash rebate, or a cash drawback. It promotes fair competition.

The time frame the insured can make claims after the liability coverage is expired.