... rate of return for the fund
x = rate of return for the S&P 500 Index
where: n = # of observations (36 months)
[(n) (sum of (xx)) ]-[ (sum of x) (sum of x)]
[(n) (sum of (xy)) ]-[ (sum of ... people.
Asymmetry A lack of equivalence between two thin
g
s, such as the unequal tax treatment of interest expense and
dividend payments.
9
Dictionary ofFinantialandBusiness Terms
Lico Reis ... operating and maintenance costs and its debt service requirements.
44
Dictionary ofFinantialandBusiness Terms
Lico Reis - Consultoria & L?nguas
licoreis@terra.com.br
Economic rents Profits...
... people.
Asymmetry A lack of equivalence between two thin
g
s, such as the unequal tax treatment of interest expense and
dividend payments.
9
Dictionary ofFinantialandBusiness Terms
Lico Reis ... alone. Related: excess returns.
Abandonment option::The option of terminatin
g
an investment earlier than ori
g
inall
y
planned.
3
Dictionary ofFinantialandBusiness Terms
Lico Reis - Consultoria ... shares of stock; also called the offer price.
8
Dictionary ofFinantialandBusiness Terms
Lico Reis - Consultoria & L?nguas
licoreis@terra.com.br
BANKING AND
FI N A N CI A L T E R M S
/
LFR...
...
Dictionary ofFinantialandBusiness Terms
Lico Reis - Consultoria & L?nguas
licoreis@terra.com.br
y = rate of return for the fund
x = rate of return for the S&P 500 Index
where: n = # of ...
where: n = # of observations (36 months)
[(n) (sum of (xx)) ]-[ (sum of x) (sum of x)]
[(n) (sum of (xy)) ]-[ (sum of x) (sum of y)]
The beta of a fund is determined as follows:
Beta equation ... the International Monetary Fund (IMF) and the post-World War II international monetary system of
fixed exchange rates.
17
Dictionary ofFinantialandBusiness Terms
Lico Reis - Consultoria...
... participating banks, and is one of the clearing
companies within the structure of the Association for Payment Clearing Services (APACS).
24
Dictionary ofFinantialandBusiness Terms
Lico ... areas of specialty.
Convex Bowed, as in the shape of a curve. Usuall
y
referrin
g
to the price/required
y
ield relationship for
option-free bonds.
30
Dictionary ofFinantialandBusiness ...
division of a company that generates a steady and significant amount of free cash flow.
Cash conversion cycle The len
g
th of time between a firm's purchase of inventor
y
and the receipt of...
... usin
g
options with continuous ad
j
ustment of the number of options used,
as a function of the delta of the option.
38
Dictionary ofFinantialandBusiness Terms
Lico Reis - Consultoria & ... balance of payments accounting and refer to
adjustments in reserves owing to monetization or demonetization of gold, allocation or cancellation of SDRs, and
revaluation of the various components of ... holder's demand.
Demand line of credit A bank line of credit that enables a customer to borrow on a daily or on-demand basis.
Demand deposits Checking accounts that pay no interest and can be...
...
Dupont system of financial control Hi
g
hli
g
hts the fact that return on assets (ROA) can be expressed in terms of the
profit margin and asset turnover.
43
Dictionary ofFinantialandBusiness ... of modern portfolio theor
y
, which maintains that an
y
risk-
averse investor will search for the highest expected return for any level of portfolio risk.
45
Dictionary ofFinantialandBusiness ... (DDM) A model for valuin
g
the common stock of a compan
y
, based on the
present value of the expected cash flows.
41
Dictionary ofFinantialandBusiness Terms
Lico Reis - Consultoria &...
... shares that are held b
y
officers and
major stakeholders that have agreements not to sell until someone else is offered the stock.
57
Dictionary ofFinantialandBusiness Terms
Lico Reis ... pro
j
ectin
g
the consequences of these decisions for the firm in the form
of a financial plan, and then comparing future performance against that plan.
55
Dictionary ofFinantialandBusiness Terms
Lico ... Such costs include time, effort,
money, and associated tax effects of gathering information and making a transaction.
60
Dictionary ofFinantialandBusiness Terms
Lico Reis - Consultoria...
... (sum of x) (sum of y)]
[(n) (sum of (xx)) ]-[ (sum of x) (sum of x)]
where: n = # of observations (36 months)
x = rate of return for the S&P 500 Index
y = rate of return for the fund
Dictionary ... investment.
Exante return
The expected return of a portfolio based on the expected returns of its component assets and
their weights.
Dictionary ofFinantialandBusiness Terms
Lico Reis – Consultoria ... movement of capital,
labor, all goods and services, and involves the harmonization and unification of social, fiscal, and monetary
policies.
Economies of scale
The decrease in the marginal cost of...
... beta of a stock is determined as follows:
[(n) (sum of (xy)) ]-[(sum of x) (sum of y)]
[(n) (sum of (xx)) ]-[(sum of x) (sum of x)]
where: n = # of observations (24-60 months)
x = rate of return ... (sum of x) (sum of y)]
[(n) (sum of (xx)) ]-[ (sum of x) (sum of x)]
where: n = # of observations (36 months)
x = rate of return for the S&P 500 Index
y = rate of return for the fund
Dictionary ... investment.
Exante return
The expected return of a portfolio based on the expected returns of its component assets and
their weights.
Dictionary ofFinantialandBusiness Terms
Lico Reis – Consultoria...
... strategy using options with continuous adjustment of the number of options used,
as a function of the delta of the option.
38
Dictionary ofFinantialandBusiness Terms
Lico Reis - Consultoria & ... people.
Asymmetry A lack of equivalence between two things, such as the unequal tax treatment of interest expense and
dividend payments.
9
Dictionary ofFinantialandBusiness Terms
Lico Reis ... S&P 500 Index
where: n = # of observations (24-60 months)
[(n) (sum of (xx)) ]-[(sum of x) (sum of x)]
[(n) (sum of (xy)) ]-[(sum of x) (sum of y)]
The beta of a stock is determined as follows:...
... beta of a stock is determined as follows:
[(n) (sum of (xy)) ]-[(sum of x) (sum of y)]
[(n) (sum of (xx)) ]-[(sum of x) (sum of x)]
where: n = # of observations (24-60 months)
x = rate of return ... normally based on
profitability and is taxable as income. A cash distribution may include capital gains and return of capital in
addition to the dividend.
Dictionary ofFinantialandBusiness Terms
Lico ... annuities offer deferral of taxes with the
option of withdrawing one's funds in the form of life annuity.
Deficit
An excess of liabilities over assets, of losses over profits, or of expenditure...