Over 10,000 financial glossary terms...
Random Glossary Terms
Excess reserves: Amount of reserves held by an institution in excess of its reserve requirement and required clearing balance. Also see reserves.
Guarantee letter: A commercial bank's letter assuring payment of the exercise price of a client's put option.
Flexible budget: A budget that shows how costs vary with different rates of output or at different levels of sales volume and projects revenue based on these different output levels.
Education IRA: A type of individual retirement account enabling the contribution of up to $500 per year tax free for each child up to the age of 18 by the parents in the family.
Free Carrier (FCA): An Incoterm meaning that the cost, risk and responsibility shift from the seller to the buyer when the goods are turned over to a carrier at a designated place.