FINANCIAL TERMS GLOSSARY PDF
Terms is just one of the achievements of EBS's partnership with NALA. Having launched it originally in we have now updated it with modern terminology to . either do not know the terms, or have heard of the terms but never understand financial terms, when put to use, may even enhance my popularity in the crowd. T he Bureau created a glossary translating common financial terms into Spanish in Use of the glossary of terms is not mandated, nor is it guidance or a.
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to terms relevant to trading and risk management in the capital and commodity markets. GLOSSARY OF. FINANCIAL TERMS. This publication, A Glossary of Public Finance Terms for. County Officials, should become a resource for all county leaders. It is a comprehensive glossary of. Glossary of. Investment Terms glossary of terms online report consulting group the change in a financial instrument. The basis point is commonly used for.
Faculties are no longer set a contribution target; rather they are given a budget for revenues and a budget for expenses, and are expected to manage to each as described in the Financial Management Principles. Controlled Entities UNSW controls a number of wholly owned entities that support the aims and objectives of the University.
Each of the Controlled Entities produces financial accounts relative to their operation, and is subject to audit by the Auditor General of NSW. Credit 1. The amount of money you have available to spend i. In accounting terms a credit entry goes on the right hand side of the ledger.
Personal Finance Glossary
Represents either a liability or equity on the balance sheet or revenue in the profit and loss; 3. A credit could be viewed as providing a benefit to another party, either in the future in the case of a liability, or in the past or present in the case of revenue.
The opposite of a debit. Credit Limit The total amount of credit that can be advanced i. Some authorisations stipulate a maximum credit limit for particular customers and they are unable to download any more until the account has been paid or reduced. Attrition analysis Evaluation of the reduction in the amount of an asset or liability held. For example, an analysis of the reduction in savings account balances caused by withdrawals over time.
Audited statements The most reliable type of financial statements. The audit is based on information submitted by the client, and the CPA does not verify all of the information.
Limits on the scope of the audit and on the CPA's responsibility are described in the opinion letter that accompanies the audited statements. However, the value of an audited statement is that the independent CPA is responsible for testing and verifying any numbers that seem questionable or unusual as well as the most material financial information.
Glossary of Financial and Business Terms
For example, if a firm has a material amount of accounts receivable, the auditor will typically confirm at least a sample of those accounts.
If a firm has a material amount of inventory, the auditor will typically perform a physical verification of that inventory.
Authenticated security agreement A electronic security agreement between the debtor and the bank that is accepted by the borrower either by downloading the agreement into a personal database or by printing a copy. As an alternative to a security agreement physically signed by the debtor, the amendments to the UCC provide for an authenticated security agreement. Authority A government or public agency created to perform a single function or a restricted group of related activities.
Usually, such units are financed from service charges, fees, and tolls, but in some instances they also have taxing powers. An authority may be completely independent of or partially dependent upon other governments for its financing or the exercise of certain powers. Automated clearinghouse ACH The ACH network is a nationwide electronic funds transfer system for participating depository financial institutions. The ACH network serves 20, financial institutions, 3 million businesses, and million individuals.
The ACH Network is commonly used for direct deposit of payroll and government benefits such as Social Security, direct payment of consumer bills, business-to-business payments, federal tax payments, and, increasingly, e-commerce payments. In there were 6. Automatic stay An injunction that automatically becomes effective upon the filing of any bankruptcy proceeding. The stay precludes creditors from taking action against the debtor or the debtor's property.
In Chapter 12 or 13 bankruptcy proceedings, the automatic stay also applies to co-obligors and guarantors. Availability The condition in which deposited funds are available for use by the depositor.
The time lag between the date of a deposit and the date it is credited to the collected balance. Availability schedule A schedule that determines when each bank in the check-clearing process will receive credit and when the depositor of checks will be able to withdraw or invest the funds. The schedule sets a standard time period since each check cannot be individually traced through the check-clearing process.
(ZH) (EN) (PDF) Glossary for Financial Terms and Acronyms | Merrill Lynch
Every major bank publishes its availability schedule based on its location and on the location of the bank on which the check is drawn. Available balance The balance in an account that can be invested or withdrawn. Available balance refers to the bank ledger balances less checks in the process of collection. Also called collected balances, good funds, or usable funds.
Available-for-sale AFS One of three defined categories established in FAS for the classification of financial instruments held as assets on the books of an investor.
Available-for-sale, or AFS, securities are securities that the investor is unable or unwilling to commit to hold to maturity. Designation of a security as AFS does not mean that the investor plans to sell it prior to maturity.
FAS requires investors to report unrealized gains or losses in AFS securities as changes in reported equity. The flow of money coming into and out of the business. Account, Department, Fund and Project. The two additional ChartField fields of Class and Program are not used at present.
The total of all ChartFields is referred to as the Chart of Accounts. It is a PeopleSoft term. Competitive Neutrality and Pricing Basically it relates to the fact that the University must add a percentage to allow for overhead costs for some research grants.
For full details see the Competitive Neutrality and Pricing Policy. Compliance Meeting the requirements established by law or an organizations internal regulations and rules. Consolidated Financial Statements An amalgamation of accounts from several reporting entities into one set of statements e.
Profit and Loss Account, Balance Sheet.
Consulting Services Consulting services provided by an external company with a registered business.The two additional ChartField fields of Class and Program are not used at present. One of the parties, the assignor, transfers its rights or obligations to another party, the assignee. Your A to Z of investment terms Glossary.
Credit Risk A formal identification or checking process to ascertain the possibility that a debtor may or may not have the ability pay the money they owe or will owe e.
Assets repriced before liabilities A measure of the gap between the quantity of assets repricing and the quantity of liabilities repricing within a given period of time. This occurs when either the timing or the amount of the rate changes for liabilities causes interest expense to change by more than the change in interest income. Asymmetric behavior Unbalanced behavior exhibited by financial instruments, the rates or values of which do not change in proportion to changes in market rates.
See account reconciliation services Arrears Unpaid dividends or bond interest that a corporation owes its stockholders or bond holders after the payable or due date on which the dividends or interest should have been paid.