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This glossary is a FREE SERVICE to assist the student and enthusiast alike to get a better understanding of financial terms, analyst industry jargon and monetary concepts. It is a free service to all internet users.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
  
Exact search         lion Contains the word      millions
Starts with word     lioness Ends with word          million
 
absorption costing Absorption costing is a method of product costing which allocates fixed costs of production to the cost of a product.

accident an unforeseen and unintended event or occurrence resulting in an undesired consequence such as loss, damage and liability.

accountable liable to being called to account; answerable.

activity (Net asset turnover, total capital turnover, efficiency ratio) Activity is the volume of sales generated on the net assets. It is the second value driver in the ValueDriver model. [Activity = Sales/Closing net assets]

advice Any recommendation, guidance or proposal of a financial nature furnished, by any means or medium, to any client or group of clients: - in respect of the purchase of any financial product or investment - on the conclusion of any other transaction, including a loan or cession, aimed at the incurring of any liability or the acquisition of any right or benefit - on the variation of any term or condition applying to a financial product

affordable growth (AG) Affordable growth is the maximum feasible growth rate in sales and net assets at any target leverage when all other value drivers remain constant. [AG = SG (1 – Closing debt/Capital )/( 1 – Target debt/Capital)]

amend to change

ascertain to make certain

assessment the act of appraisal; the valuation of property or damage to property

asset valuable item that is owned by an individual person or company. It can include personal possessions, stocks cash, fixed property, vehicles and investments.

average this is a principle of insurance that has the effect of reducing a claim payment where underinsurance has been shown.