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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "T"

Displaying next 180 results of 491
Term Certificate
Definition: A certificate of deposit with a longer time to maturity.
Term Fed Funds
Definition: Fed funds sold for a period of time longer than overnight.
Term Insurance
Definition: Provides a death benefit only, no build up of cash value.
Term Life Insurance
Definition: A contract that provides a death benefit but no cash build up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term.
Term Loan
Definition: A bank loan, typically with a floating interest rate, for a specified amount that matures in between one and ten years, and requires a specified repayment schedule.
Term Premiums
Definition: Excess of the yields to maturity on long-term bonds over those of short-term bonds.
Term Repo
Definition: A repurchase agreement with a term of more than one day.
Term Structure Of Interest Rates
Definition: Relationship between interest rates on bonds of different maturities, usually depicted in the form of a graph often called a yield curve. Harvey shows that inverted term structures (long rates below short rates) have preceded every recession over the past 30 years.
Term To Maturity
Definition: The time remaining on a bond's life, or the date on which the debt will cease to exist and the borrower will have completely paid off the amount borrowed. See: Maturity.
Term Trust
Definition: A closed-end fund that has a fixed termination or maturity date.
Terminal Elevator
Definition: An elevator located at a point of greatest accumulation in the movement of agricultural products that stores the commodity or moves it to processors.
Terminal Market
Definition: Usually synonymous with commodity exchange or futures market, specifically in the United Kingdom.
Terminal Value
Definition: The value of a bond at maturity, typically its par value, or the value of an asset (or an entire firm) on some specified future valuation date. Usually, a perpetuity formula is used. For example, suppose we forecast cash flows through year 10. We make an assumption that year 11 and beyond will be no growth (except for inflation). If the cash flow forecast for year 11 is 100, the firm's discount rate is 12%, and inflation is expected to be 2%, we use the formula V10 = CF11/(disc rate-inflation). Hence, the value is 100/(0.12 - 0.02) that is 1,000. This cash flow needs to be brought back to present value using the formula 1000/(1.12)10, which is 321.97. Note the importance of the inflation assumption.
Terms
Definition: Conditions and arrangements specified in the mortgage contract, such as interest rate, required payments, etc.
Terms Of Delivery
Definition: The part of a sales contract that indicates the point at which title and risk of loss of merchandise pass from the seller to the buyer. See: Incoterms.
Terms Of Sale
Definition: Conditions under which a firm proposes to sell its goods or services for cash or credit.
Terms Of Trade
Definition: The weighted average of a nation's export prices relative to its import prices.
Territorial Tax System
Definition: A tax system that taxes domestic income but not foreign income. Territorial tax regimes are found in Hong Kong, France, Belgium, and the Netherlands.
Test
Definition: The event of a price movement that approaches a support level or a resistance level established earlier by the market. A test is passed if prices do not go below the support or resistance level, and the test is failed if prices go on to new lows or highs.
Testamentary Trust
Definition: A trust created by a will, that is scheduled to occur after the maker's death.
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