Flexible employee benefit plan in which every employee receives a certain number of credits. He or she can 'spend' these credits on one or more benefit-options chosen from a 'menu' of benefits, such as life dental care, insurance, medical plan, or take cash in lieu.
That becomes payable when the lender demands its payment. Most loan agreements include the call provision which lenders exercise when they become uncomfortable with the borrower's financial position.
Higher than normal pay for the workers who have been called back to work, or have been given assurance of work for a certain period. Also called call-in pay.
Probability of loss due to redemption of a bond or other debt security (bond, preferred stock or preference shares) by its issuer before its maturity date.
Detailed cost estimate for a project, computed by estimating the cost of every activity in a work breakdown structure, summing these estimates, and adding appropriate overheads. Also called bottom up cost estimate.
Method where (in contrast to top-down budgeting) budgets prepared by the managers of all departments are combined to compute the resource needs of the entire firm.
Growth in the net income of a company. It is often more useful while performing a financial analysis of a company as not only the increase in revenues but all changes in expenses have also been accounted for
The amount of money available for a company to borrow, based on the company's current financial state. A lender may also consider available collateral in determining borrowing capacity.
