- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
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The change in the value of a firm's foreign currency-denominated accounts due to a change in exchange rates.
Industry:Financial services
A method for calculating interest in which the balance owed each day by a customer is divided by the number of days. See also: Adjusted balance method and previous balance method.
Industry:Financial services
Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books.
Industry:Financial services
Purchasers tender their competitive bids on a discount rate basis. The weighted, or adjusted, mean of all bids accepted in Treasury bill auctions.
Industry:Financial services
The ease and quickness with which assets can be converted to cash.
Industry:Financial services
A strategy used by investors to reduce the average cost of shares, in which the investor purchases more shares with a fixed amount of capital as the price of the shares decrease. The investor receives more shares per dollar and decreases the average price per share.
Industry:Financial services
A customer's average daily balance in a trading account at a brokerage firm.
Industry:Financial services
Also referred to as the weighted-average life (WAL). The average number of years that each dollar of unpaid principal due on the mortgage remains outstanding. Average life is computed as the weighted-average time to the receipt of all future cash flows, using as the weights the dollar amounts of the principal paydowns.
Industry:Financial services
A short-term financing method in which accounts receivable are collateral for cash advances. See: Factoring.
Industry:Financial services
The average time to maturity of securities held by a mutual fund. Changes in interest rates have greater impact on funds with longer average maturity.
Industry:Financial services
