NON-OPERATING EXPENSE
Activities such as the insurance and maintenance of assets that are not directly involved in the operation of the business, but result in an additional expense for the firm.
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Activities such as the insurance and maintenance of assets that are not directly involved in the operation of the business, but result in an additional expense for the firm.
Time that is not spent on the execution of a task or on manufacturing operations.
Refuseal by the insurer or the insured to renew the coverage on an insurance plan. Usually done on the policy’s expiration date or its anniversary.
A ticket that prohibits the transfer of tickets between two passengers.
The North Atlantic treaty of 1949 led to the formation of this military alliance between the 26 member countries with the intention of combating the spread of communism. It now makes a
A document which has been authenticated by the signature of the relevant individual and the signature of the notary public who acts as a witness to the signature. This document is then
The period within which the delivery of the contract has to be accepted by the contract owner. This period usually lasts between three and six weeks before the expiration of the contract.
The average number of days that an item spends as a part of an inventory, expressed as a ratio. It is used to determine the quality of inventory control and thus is
Narcotic substance inhalation or ingestion produces this specific type of stupor, arrested activity, even unconsciousness.
A US organization responsible for creating investment rules.
A salesperson’s sales technique using probing questions and careful listening to identify a prospect’s stated, expressed needs and unstated, tacit expectations. Those product aspects that satisfy the prospect’s needs become the salesperson’s
Interest-incurring liabilities exceed interest generating assets in interest rate sensitivity analysis. A negative gap in a declining interest rate environment improves net interest income because falling interest rates reprice more liabilities than
An order signed by an endorser to pay the holder without conditions.
At the financial market’s close the mutual fund’s share or unit’s daily computed value. Also known as bid price, NAV per share, or NAV per unit. Calculated as: (each security’s market value
For a point in time on a balance sheet, this is the fixed assets’ value. Calculate as: (all fixed assets’ purchase price plus leasehold improvements) minus (Accumulated depreciation plus Total liabilities).
Lease arrangement by a tenant, the lessee, to pay rent plus associated general expenses. A capital lease is a net lease but an operating lease is not. The lessee may pay for
In general, any premium with a commission, or expenses, or dividends, or loss coverage subtracted. It is a general term that can have many different meanings. In particular, it is the premium
On-hand stock subtracted from gross requirements.
Total revenue from all products made from crude oil minus total cost bringing crude oil to market. Only applies to oil suppliers.
The current liquid asset in a corporation minus liabilities.