Over 10,000 financial glossary terms...
Random Glossary Terms
Cut Off Date: The date prescribed in the unclaimed property law in most states for determining the items of property that must be turned over to the state. See: Escheat.
Payments netting: Reducing fund transfers between affiliates to only a netted amount. Netting can occur on a bilateral basis (between pairs of affiliates), or on a multi-lateral basis (taking all affiliates together).
Time until expiration: The time remaining until a financial contract expires. Also called time to maturity.
Federal funds: Noninterest-bearing deposits held in reserve for depository institutions at their district Federal Reserve Bank. Also, excess reserves lent by banks to each other.
Regression: A mathematical technique used to explain and/or predict. The general form is Y = a + bX + u, where Y is the variable that we are trying to predict; X is the variable that we are using to predict Y, a is the intercept; b is the slope, and u is the regression residual. The a and b are chosen in a way to minimize the squared sum of the residuals. The ability to fit or explain is measured by the R-square.