Over 10,000 financial glossary terms...
Random Glossary Terms
Basic business strategies: Key strategies a firm intends to pursue in carrying out its business plan.
Interest rate on debt: The firm's cost of debt capital.
Consumer credit: Credit a firm grants to consumers for the purchase of goods or services. Also called retail credit.
Advance dividend: A payment made to an uninsured depositor after a bank or thrift failure. The amount of the advance dividend represents the FDIC's conservative estimate of the ultimate value of the receivership. Cash dividends equivalent to the board-approved advance dividend percentage (of total outstanding deposit claims) are paid to uninsured depositors, thereby giving them an immediate return of a portion of their uninsured deposit. Sometimes when it is projected that all depositor claims will be paid in full an advance dividend will be provided to unsecured creditors.
Engineering risk: The risk associated with the impact on a project's cash flows from deficiencies in design or engineering. Also known as design risk.