Act of state doctrine
This doctrine says that a nation is sovereign within its own borders and its domestic actions may not be questioned in the courts of another nation. |
Similar financial terms
Cash flow statementAlternative name for the statement of cash flow.
Two-state option pricing model
An option pricing model in which the underlying asset can take on only two possible (discrete) values in the next time period for each value it can take on in the preceding time period. Also called the binomial option pricing model.
Steady state
As the MBS pool ages, or four to six months after it was passed at least once through the threshold for refinancing, the prepayment speed tends to stabilize within a fairly steady range.
Statement of Financial Accounting Standards No. 52
This is the currency translation standard currently used by U.S. firms. It mandates the use of the current rate method.
Statement of Financial Accounting Standards No. 8
This is a currency translation standard previously in use by U.S. accounting firms.
Statement-of-cash-flows method
A method of cash budgeting that is organized along the lines of the cash flow statement.
Statement of cash flows
A financial statement showing a firm's cash receipts and cash payments during a specified period.
Statement billing
Billing method in which the sales for a period such as a month (for which a customer also receives invoices) are collected into a single statement and the customer must pay all of the invoices represented on the statement.
Stated maturity
For the CMO tranche, the date the last payment would occur at zero CPR.
Stated conversion price
At the time of issuance of a convertible security, the price the issuer effectively grants the security holder to purchase the common stock, equal to the par value of the convertible security divided by the conversion ratio.
Stated annual interest rate
The interest rate expressed as a per annum percentage, by which interest payment is determined.
REMIC (real estate mortgage investment conduit)
A pass-through tax entity that can hold mortgages secured by any type of real property and issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. A financing vehicle created under the Tax Reform Act of 1986.
REIT (real estate investment trust)
Real estate investment trust, which is similar to a closed-end mutual fund. REITs invest in real estate or loans secured by real estate and issue shares in such investments.
Registration statement
A legal document that is filed with the SEC to register securities for public offering.
Pro forma financial statements
Financial statements as adjusted to reflect a projected or planned transaction.
Pro forma statement
A financial statement showing the forecast or projected operating results and balance sheet, as in pro forma income statements, balance sheets, and statements of cash flows.
Official statement
A statement published by an issuer of a new municipal security describing itself and the issue
Notes to the financial statements
A detailed set of notes immediately following the financial statements in an annual report that explain and expand on the information in the financial statements.
Income Statement
This is company's accounting statement that shows its Income, Expenses, and Profit (or Loss) over a period of time. It is a picture of the financial performance of a company. It is sometimes referred to as a Profit & Loss (P&L) Statement. It allows a compay (or others) to compare its performance to that of other similar businesses. It tells shareholders how well their company is doing with respect to generating profits and earnings per share.
Common size statement
A statement in which all items are expressed as a percentage of a base figure, useful for purposes of analyzing trends and the changing relationship between financial statement items. For example, all items in each year's income statement could be presented as a percentage of net sales.
Convention statement
An annual statement filed by a life insurance company in each state where it does business in compliance with that state's regulations. The statement and supporting documents show, among other things, the assets, liabilities, and surplus of the reporting company.
Nanny state
A description, coined by House Speaker Newt Gingrich, that describes excessive government involvement in social issues and problems.
Welfare state
A state whose government devotes a very large proportion of its activities and expenditures to the direct provision of personal benefits to be consumed by qualifying individuals or families (as contrasted with such more traditional and less individually divisible government activities as national defense, law enforcement, controlling the money supply, economic regulation, maintaining transportation and communications nets, administering the public lands, etc.).
