Corporate processing float
The time that elapses between receipt of payment from a customer and the depositing of the customer's check in the firm's bank account; the time required to process customer payments. |
Similar financial terms
Corporate sectorSecurities issued by U.S. corporations and non-U.S. corporations in the United States. Includes bonds, MTNs, structured notes and commercial paper. The corporate sector is divided into investment grade and non-investment grade sectors by rating agencies such as Moody’s and S&P.
Corporate acquisition
The acquisition of one firm by anther firm.
Corporate bonds
Debt obligations issued by corporations.
Corporate charter
A legal document creating a corporation.
Corporate finance
One of the three areas of the discipline of finance. It deals with the operation of the firm (both the investment decision and the financing decision) from that firm's point of view.
Corporate financial management
The application of financial principals within a corporation to create and maintain value through decision making and proper resource management.
Corporate financial planning
Financial planning conducted by a firm that encompasses preparation of both long- and short-term financial plans.
Corporate tax view
The argument that double (corporate and individual) taxation of equity returns makes debt a cheaper financing method.
Corporate taxable equivalent
Rate of return required on a par bond to produce the same after-tax yield to maturity that the premium or discount bond quoted would.
Corporate Social Responsibility
CSR stands for corporate social responsibility. Some companies defines corporate social responsibility as open and transparent business practices based on ethical values and respect for its stakeholders.
Automatic Data Processing (ADP)
A private company that acts as an intermediary to perform proxy services for several banks and brokers. Distributes proxy material to beneficial owners, tabulates the returned proxies, and provides the Corporation or its tabulator compiled reports of the tabulation results. ADP also distributes quarterly reports and other corporate information to the beneficial owners.
Inverse floaters
Bonds whose coupon rate moves in the opposite direction from the change in interest rates.
Floater
Floating rate bond
Payment float
Company-written checks that have not yet cleared.
Net float
Sum of disbursement float and collection float.
Managed float
Also known as "dirty" float, this is a system of floating exchange rates with central bank intervention to reduce currency fluctuations.
Mail float
Refers to the part of the collection and disbursement process where checks are trapped in the postal system.
Collection float
The negative float that is created between the time when you deposit a check in your account and the time when funds are made available.
