Business — page 3 of 36

3,514 terms including subtopics (0 terms filed directly here)

Subtopics

Business terms

  1. Attestation Attestation means the H-1B employer's agreement to the labor condition statements, which are specifically identified in Form ETA 9035 as well as set forth…
  2. Attorney General Attorney General means the chief official of the U.S. Department of Justice or the Attorney General's designee.
  3. Auction market Auction market trading, sometimes known as open outcry, is the way the major exchanges, such as the New York Stock Exchange (NYSE) and the Chicago…
  4. Audit An audit is a professional, independent examination of a company's financial statements and accounting documents following generally accepted accounting…
  5. Audit committee The corporate audit committee is the liaison between the company's management, the board of directors, internal and external auditors, and any other…
  6. Authorization The issuance of approval, by a credit card issuer, merchant, or other affiliate, to complete a credit card transaction.
  7. Authorization to Proceed (ATP) A letter from LPC notifying an applicant that certain work types, such as the installation of air conditioners or replacement windows, conform with the…
  8. Authorized agent and authorized representative Authorized agent and authorized representative mean an official of the employer who has the legal authority to commit the employer to the statements in…
  9. Authorized charge An authorized charge is any charge that you or any authorized user makes on the account, and any fees and interest charges owing on the account.
  10. Authorized IRS e-file Provider A business authorized by the IRS to participate in the IRS e-file Program. The business may be a sole proprietorship, a partnership, a corporation, or an…
  11. Authorized user If you ask us to issue a credit card on this account to another person, he or she is an authorized user.
  12. Auto Replacement Coverage A supplemental auto insurance coverage that guarantees your car will be completely repaired or replaced, even if the costs exceed its depreciated value.
  13. Automated Clearing House (ACH) (ACH) A computerized facility used by member depository institutions to electronically combine, sort, and distribute inter-bank credits and debits.
  14. Automated Teller Machine (ATM) (ATM) A machine, activated by a magnetically encoded card or other medium, that can process a variety of banking transactions.
  15. Automated Underwriting An automated process performed by a technology application that streamlines the processing of loan applications and provides a recommendation to the…
  16. Automatic Bill Payment A checkless system for paying recurring bills with one authorization statement to a financial institution.
  17. Automatic enrollment Your employer has the right to sign you up for your company's 401(k) plan, in what's known as an automatic enrollment.
  18. Automatic exercise If you hold a call option, automatic exercise may occur if the contract is in-the-money by a certain amount.
  19. Automatic Premium Loan A provision in a life insurance policy that any premium not paid by the end of the grace period (usually 31 days) will be automatically paid by a policy…
  20. Automatically Protected As of May 1, 2011, up to two months of Federal benefits such as Social Security benefits, Supplemental Security Income benefits, Veteran’s benefits…
  21. Availability Date The date on which checks payable at local or non-local banks are considered to be collected and available for customers' withdrawal.
  22. Availability Policy Bank's policy as to when funds deposited into an account will be available for withdrawal.
  23. Available Balance The balance of an account less any hold, uncollected funds, and restrictions against the account.
  24. Available Credit The difference between the credit limit assigned to a cardholder account and the present balance of the account.
  25. Average A stock market average is a mathematical way of reporting the composite change in prices of the stocks that the average includes.
  26. Average annual yield Average annual yield is the average yearly income on an investment, expressed as a percentage.
  27. Average daily balance The average daily balance method is one of the ways that the finance charge on your credit card may be calculated.
  28. Average daily balance method with compounding According to this method, we calculate the interest charges for each balance by applying the “daily periodic rate” for that balance to the “average…
  29. Average daily balance method without compounding According to this method, we calculate the interest charges for each balance by applying the “daily periodic rate” for that balance to the “average…
  30. Average Final Compensation (AFC) Average final compensation (AFC) is the 12 highest consecutive quarters of a member’s earnable compensation divided by three.
  31. Average Price Determining the cost of a home by totaling the cost of all houses sold in one area and dividing by the number of homes sold.
  32. Awning A metal frame clad with fabric attached over a window, door, porch opening or storefront to provide protection from the weather.
  33. BA (Banker's Acceptance) A high-quality, short-term negotiable discount note, drawn on and accepted by banks that are obligated to pay the amount at maturity.
  34. Baby bond Bonds whose par values are less than $1,000 are often described as baby bonds, or, in the case of municipal bonds, as mini-munis.
  35. Baccalaureate bond Baccalaureate bonds are tax-free zero coupon bonds issued by certain states specifically to help families accumulate assets to meet college tuition costs.
  36. Back End Ratio (debt ratio) A ratio that compares the total of all monthly debt payments (mortgage, real estate taxes and insurance, car loans, and other consumer loans) to gross…
  37. Back to Back Escrow Arrangements that an owner makes to oversee the sale of one property and the purchase of another at the same time.
  38. Back-end load A sales charge levied when mutual fund units are redeemed.
  39. Back-up withholding Back-up withholding is triggered when a bank, brokerage firm, or other institution pays interest, dividends, or other income that must be reported on IRS…
  40. Balance We put each charge on your account, including interest or fees, into a balance category.
  41. Balance of payments Record of transactions between U.S. residents and foreign residents during a given time period.
  42. Balance of trade The difference between the value of a country's imports and exports during a specific period of time is called the balance of trade.
  43. Balance on current account Record of net receipts or payments on goods, services, income, and unilateral current transfers. Current transfers include U.S.
  44. Balance on current account, national income and product accounts Current receipts from the rest of the world less current payments to the rest of the world, formerly called "net foreign investment.
  45. Balance on goods Record of the difference between exports of goods and imports of goods. Related terms: Balance on current account, Balance on goods and services.
  46. Balance on goods and services Record of the difference between exports of goods and services and imports of goods and services.
  47. Balance Sheet A financial statement showing the nature and amount of a company's assets, liabilities and shareholders' equity.
  48. Balance transfer The process of moving an outstanding balance from one credit card to another. This is usually done to obtain a lower interest rate on the outstanding…
  49. Balance-transfer fee A fee charged when you make a balance transfer. It may be a flat fee or a percentage of the transfer.
  50. Balanced fund Balanced funds are mutual funds that invest in a portfolio of common stocks, preferred stocks, and bonds to meet their investment goal of seeking a strong…
  51. balanced funds A mutual fund that holds a mix of securities - usually money market, bonds and equities.
  52. Balloon Loan or Mortgage A mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due…
  53. Balloon Mortgage With a balloon mortgage, you make monthly payments over the mortgage term, which is typically five, seven, or ten years, and a final installment, or…
  54. Balloon note A loan calling for periodic payments which are insufficient to fully amortize the face amount of the note prior to maturity, so that a principal sum known…
  55. Balloon Payment A mortgage with periodic installments of principal and interest that do not fully amortize the loan.
  56. Baluster One of a series of short vertical posts, often ornamental, used to support a rail.
  57. Balustrade A railing composed of balusters and a top rail running along the edge of a porch, balcony, roof, or stoop.
  58. Bank America has a "dual banking system" which means that both states and the federal government issue bank charters for the need and convenience of their…
  59. bank and trust company Also known as commercial banks, bank and trust companies historically concentrated on short-term business loans that were funded with demand deposits.
  60. Bank Custodian A bank custodian is responsible for maintaining the safety of clients' assets held at one of the custodian's premises, a sub-custodian facility or an…
  61. Bank Examination Examination of a bank's assets, income, and expenses-as well as operations by representatives of Federal and State bank supervisory authority-to ensure…
  62. bank holding company A bank holding company controls, directly or indirectly, at least twenty-five percent of any class of voting securities of a bank and meets various other…
  63. Bank Reconciliation A formal comparison of the balance in the checking account as shown on the bank statement with the balance of the cash account in the general ledger, at a…
  64. Bank Statement Periodically the bank provides a statement of a customer's deposit account. It shows all deposits made, all checks paid, and other debits posted during…
  65. bankers' bank An institution owned exclusively by any combination of banks or credit unions and that is organized to do business solely with other banks or credit…
  66. Banker’s Acceptance (BA) (BA) A high-quality, short-term negotiable discount note, drawn on and accepted by banks that are obligated to pay the amount at maturity.
  67. Banking Day A business day during which an office of a bank is open to the public for substantially all of its banking functions.
  68. Banking Interior The area of the designated interior historically used for banking operations and any associated interior spaces including, without limitation, entrance…
  69. Bankrupt A bankrupt person, firm, or corporation has insufficient assets to cover their debts.
  70. Bankruptcy The legal proceedings by which the affairs of a bankrupt person are turned over to a trustee or receiver for administration under the bankruptcy laws.
  71. Barbell strategy When you use a barbell strategy you invest equivalent amounts in short-term and long-term bonds, creating the shape that gives the strategy its name.
  72. Bargaining representative Bargaining representative means an accredited, exclusive representative of a group of employees authorized by the National Labor Relations Act.
  73. Base Flood The flood having a 1% chance of being equaled or exceeded in any given year.
  74. Base Flood Elevation (BFE) (BFE) The elevation shown on the Flood Insurance Rate Map (FIRM) for Zones AE, AH, A1-A30, AR, AR/A, AR/AE, AR/A1-A30, AR/AH, AR/AO, V1-V30, and VE that…
  75. Base period The period from which the weights for a measurement series are derived. The national income and product accounts (NIPAs) currently use the year 2000 as…
  76. Base Price Base Price is the cost of a car without options, but includes standard equipment and factory warranty. It is also known as sticker price.
  77. Basement Any area of the building, including any sunken room or sunken portion of a room, having its floor below ground level (subgrade) on all sides.
  78. Basis Basis is the total cost of buying an investment or other asset, including the price, commissions, and other charges.
  79. Basis point Yields on bonds, notes, and other fixed-income investments fluctuate regularly, typically changing only a few hundredths of a percentage point.
  80. Basis Point (bp) (bp) The smallest measure used in quoting yields or returns. One basis point is 0.01% of yield, 100 basis points equals 1%. A yield that changed from 8.
  81. Basis price When you sell a security, such as a stock or bond, or real estate, the price you use to calculate your capital gains is known as your basis price.
  82. Bay A regularly repeating division of a façade, marked by fenestration.
  83. Bay Window A projecting form containing windows that rises from the ground or from some other support, such as a porch roof; see also oriel.
  84. Bear market A market in which prices are generally falling.
  85. Bear spread A bear spread is an options strategy that you use when you anticipate a decline in the price of the underlying instrument, such as a stock or an index.
  86. Bearer bond A bearer bond is a certificate that states the security's par value, the rate at which interest will be paid, and the name of the bond's owner.
  87. Bearer form When securities are issued as paper certificates and the issuing corporation has no record of the owner, the securities are in bearer form.
  88. Bearer Shares Many offshore financial secrecy jurisdictions permit the issuance of bearer shares by corporations chartered in their jurisdiction.
  89. Before-Tax Income Income before taxes are deducted. Also known as "gross income."
  90. Behavioral finance Behavioral finance combines psychology and economics to explain why and how investors act and to analyze how that behavior affects the market.
  91. Beige Book Beige book is the colloquial name for the Federal report that is formally titled Summary of Commentary on Current Economic Conditions by Federal Reserve…
  92. Bellwether A market bellwether is a security whose changing price is considered a signal that the market is changing direction.
  93. Benching Benching refers to workers who are in nonproductive status due to a decision by the employer, such as lack of work or a permit.
  94. Benchmark A standard unit used as the basis of comparison; a universal unit that is identified with sufficient detail so that other similar classifications can be…
  95. Benchmark I-O accounts See Benchmark input-output (I-O) accounts
  96. Benchmark input-output (I-O) accounts Statistical description-presented in a make table, use table, direct requirements table, and total requirements tables-of the production of goods and…
  97. Benchmark input-output accounts See Benchmark input-output (I-O) accounts
  98. Benchmark rate(s) The rates set annually by the Commissioner of Insurance that rate-regulated insurance companies use to reference their rates.
  99. Beneficial owner When your stocks are registered in street name, the brokerage firm has title to the stocks but you are the beneficial owner, or the person who actually…
  100. Beneficial Ownership This term refers to the true owner of an entity, asset, or transaction as opposed to any stated ownership provided in documents or oral representations.