- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
World's leading financial information-service, news, and media company.
A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S.-produced goods.
Industry:Financial services
Refers to PSA Uniform practises such as cutoff times on delivery of securities and notification, allocation, and proper endorsement.
Industry:Financial services
Used in the context of options to refer to the relative length of option contract maturities.
Industry:Financial services
Used in the context of commodities. Refers to the initial margin account deposit needed when buying or selling a futures contract; approximately 2%-10% of the contract value. Used in the context of securities to describe the deposit required by securities firms engaged in transactions on behalf of a new client. Also used to refer to the deposit with a municipal bond issuer by firms competing for the underwriting business.
Industry:Financial services
U.S. accounting standard that requires US firms to translate their foreign affiliates' accounts by the temporal method; that is reporting gains and losses from currency fluctuations in current income. It was in effect between 1975 and 1981 and became the most controversial accounting standard in the US It was replaced by FASB No. 52 in 1981.
Industry:Financial services
Notes sold between October 1984 and February 1986 to foreign institutions, foreign branches of US institutions, foreign central banks or monetary authorities, and to international organisations in which the United States held membership. Sold as companion issues, they could be converted to domestic (normal) Treasury notes with the same maturity and interest rates. Interest was paid annually.
Industry:Financial services
Federal funds that clear on the same day, unlike clearinghouse funds, which require three days to clear.
Industry:Financial services
The US accounting standard that replaced FASB No. 8. US companies are required to translate foreign accounts in terms of the current rate and report the changes from currency fluctuations in a cumulative translation adjustment account in the equity section of the balance sheet.
Industry:Financial services
Home country credit against domestic income tax. Received in return for foreign taxes paid on foreign derived earnings.
Industry:Financial services
An order to buy or sell securities that continues to be a valid order until the end of the current month.
Industry:Financial services
