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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "I"

Displaying next 300 results of 477
Internal Growth Rate
Definition: Maximum rate a firm can expand without outside sources of funding. Growth generated by cash flows retained by company.
Internal Market
Definition: The mechanisms for issuing and trading securities within a nation, including its domestic market and foreign market. Compare: External market.
Internal Measure
Definition: The number of days that a firm can finance operations without additional cash income.
Internal Rate Of Return (IRR)
Definition: Dollar-weighted rate of return. Discount rate at which net present value (NPV) investment is zero. The rate at which a bond's future cash flows, discounted back to today, equal its price.
Internal Revenue Code
Definition: The various statutes and regulations making up federal tax law.
Internal Revenue Service (IRS)
Definition: The federal agency responsible for the collection of federal taxes, including personal and corporate income taxes, Social Security taxes, and excise and gift taxes.
Internal Revenue Service Restructuring And Reform Act Of 1998
Definition: The legislation targeted at IRS reform, particularly related to the time period required for capital gains and taxpayer protection and rights.
International Arbitrage
Definition: Simultaneous buying and selling of foreign securities and ADRs to capture the profit potential created by time, currency, and settlement inconsistencies that vary across international borders.
International Asset Pricing Model (IAPM)
Definition: The international version of the CAPM assuming that investors in each country share the same consumption basket and purchasing power parity holds.
International Bank For Reconstruction And Development (IBRD)
Definition: IBRD or World Bank makes loans at nearly conventional terms to countries for projects of high economic priority.
International Banking Facility (IBF)
Definition: A branch that an American bank establishes in the United States to do Eurocurrency business.
International Bonds
Definition: A collective term that refers to global bonds, Eurobonds, and foreign bonds.
International Business Corporation (IBC)
Definition: The term international business corporation or IBC refers to a corporation formed in an offshore financial secrecy jurisdiction which is afforded certain tax advantages and protection as to the disclosure of its beneficial owner. Depending on the offshore financial secrecy jurisdiction, shareholders of the IBC may remain confidential through the use of bearer shares.Just as with U.S. corporations, the same person may act as a shareholder, director, president, agent, or as any other officer within the company. Generally, however, the beneficial owner(s) will appoint resident officers and directors for the IBC. Typically an IBC is authorized to do business anywhere in the world except in its home country where it was incorporated (i.e. an IBC formed in The Bahamas may do business anywhere in the world except The Bahamas). The IBC may purchase real estate, cars, businesses, etc. The beneficial owner may act as an agent of the IBC to purchase assets on its behalf. By this means, assets are held under a corporate name, thereby helping to protect the beneficial owner's privacy. It has been reported that there are over one million IBCs formed in offshore jurisdictions worldwide.
International Chamber Of Commerce (ICC)
Definition: A business organization with membership from over 80 countries. They work to harmonize trade practices worldwide by establishing agreed upon rules such as Incoterms and Uniform Customs and Procedures for Documentary Credits.
International Depository Receipt (IDR)
Definition: A receipt issued by a bank as evidence of ownership of one or more shares of the underlying stock of a foreign corporation that the bank holds in trust. The advantage of the IDR structure is that the corporation does not have to comply with all the issuing requirements of the foreign country where the stock is to be traded. The US version of the IDR is the American Depository Receipt (ADR).
International Development Association (IDA)
Definition: Association established to stimulate country development; it was especially suited for less prosperous nations, since it provided loans at low interest rates.
International Diversification
Definition: The attempt to reduce risk by investing in more than one nation. By diversifying across nations whose economic cycles are not perfectly correlated, investors can typically reduce the variability of their returns.
International Finance Corporation (IFC)
Definition: A corporation owned by the World Bank that produces a number of well-known stock indexes for emerging markets. Its major role is to provide financing for projects in less developed countries.
International Finance Subsidiary
Definition: A subsidiary incorporated in the US, usually in Delaware, whose sole purpose once was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to US withholding tax. Elimination of the corporate withholding tax has ended the need for this type of subsidiary.
International Fisher Effect
Definition: States that the interest rate differential between two countries should be an unbiased predictor of the future change in the spot rate.
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