Exchange rate mechanism
Similar financial termsTerm to maturity
The term to maturity of a bond, commonly referred to as maturity or term, is the number of years over which the issuer has promised to meet the conditions of the obligation set out in the bond indenture. The maturity of a bond refers to the date that the debt will cease to exist, at which time the issuer will redeem the bond by paying the principal (or face value).
Bonds with a maturity of between one and five years.
Medium-term or intermediate-term bonds
Bonds with a maturity of between five and twelve years.
Bonds with a maturity of more than 12 years.
Short Term Gain
The profit realized from the sale of securities or other capital assets possessed for twelve months or less.
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Volatility term structure
The volatility term structure is the variation of implied volatility with time to maturity.
The value at maturity.
Term structure of interest rates
The relationship between interest rates and their maturities.
Current portion of long-term dept
Those liabilities that are payable within the next 12 months, including accounts and taxes payable, and the current portion (12 months' payments) of notes payable and current liabilities.
Terms of trade
The weighted average of a nation's export prices relative to its import prices.
Terms of sale
Conditions on which a firm proposes to sell its goods services for cash or credit.
A closed-end fund that has a fixed termination or maturity date.
Excess of the yields to maturity on long-term bonds over those of short-term bonds.
A repurchase agreement with a term of more than one day.
Provides a death benefit only, no build-up of cash value.
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.
Often referred to as bullet-maturity bonds or simply bullet bonds, bonds whose principal is payable at maturity.
Term life insurance
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 Fed Funds
Federal funds sold for a period of time longer than overnight.
Provision in a company's charter requiring a majority of, say, 80% of shareholders to approve certain changes, such as a merger.
Short-term tax exempts
Short-term securities issued by states, municipalities, local housing agencies, and urban renewal agencies.
Short-term solvency ratios
Ratios used to judge the adequacy of liquid assets for meeting short-term obligations as they come due, including (a) the current ratio, (b) the acid-test ratio, (c) the inventory turnover ratio, and (d) the accounts receivable turnover ratio.
Short-term investment services
Services that assist firms in making short-term investments.
Short-term financial plan
A financial plan that covers the coming fiscal year.
One who receives the principal of a trust when it is dissolved.
Other long term liabilities
Value of leases, future employee benefits, deferred taxes and other obligations not requiring interest payments that must be paid over a period of more than 1 year.
Medium-term note (MTN)
A corporate debt instrument that is continuously offered to investors over a period of time by an agent of the issuer. Investors can select from the following maturity bands: 9 months to 1 year, more than 1 year to 18 months, more than 18 months to 2 years, etc., up to 30 years.
Long-term debt to equity ratio
A capitalization ratio comparing long-term debt to shareholders' equity.
Amount owed for leases, bond repayment and other items due after 1 year.
Long-term financial plan
Financial plan covering two or more years of future operations.
Long-term debt ratio
The ratio of long-term debt to total capitalization.
Indicator of financial leverage. Shows long-term debt as a proportion of the capital available. Determined by dividing long-term debt by the sum of long-term debt, preferred stock and common stockholder equity.
An obligation having a maturity of more than one year from the date it was issued. Also called funded debt.
Value of property, equipment and other capital assets minus the depreciation. This is an entry in the bookkeeping records of a company, usually on a "cost" basis and thus does not necessarily reflect the market value of the assets.
In accounting information, one year or greater.
Liquidity theory of the term structure
A biased expectations theory that asserts that the implied forward rates will not be a pure estimate of the market's expectations of future interest rates because they embody a liquidity premium.
This is a document outlining the investment terms of a particular investment opportunity. It defines the terms and conditions of an investment, usually as dictated by an investor. It is the negotiating document that the parties must jointly agree to before a definitive investment agreement can be drafted.
Coefficient of determination
A measure of the goodness of fit of the relationship between the dependent and independent variables in a regression analysis; for instance, the percentage of variation in the return of an asset explained by the market portfolio return.
Institutions which channel funds from people and institutions wishing to lend to those wishing to borrow.
An elevator located at a point of greatest accumulation in the movement of agricultural products which stores the commodity or moves it to processors.
Usually synonymous with commodity exchange or futures market, specifically in the United Kingdom.