Surplus funds
cash flow available after payment of taxes in the project. |
Similar financial terms
Statutory surplusThe surplus of an insurance company determined by the accounting treatment of both assets and liabilities as established by state statutes.
Regulatory surplus
The surplus as measured using regulatory accounting principles (RAP) which may allow the non-market valuation of assets or liabilities and which may be materially different from economic surplus.
Capital surplus
Amounts of directly contributed equity capital in excess of the par value.
Target surplus (or Tied Surplus)
The capital that must remain in a life company in order to support the business already on the books. Target surplus is an amount held over and above the reserves and is needed due to the uncertain nature of the level and timing of future insurance claims. This capital may not be used for dividend payouts to shareholders.
Federal funds rate
The rate charged by the Federal Reserve to member banks when excess reserve loans are made from one bank to another.
Term Fed Funds
Federal funds sold for a period of time longer than overnight.
Objective (mutual funds)
The fund's investment strategy category as stated in the prospectus. There are more than 20 standardized categories.
Cost of funds
Interest rate associated with borrowing money.
Segregated Funds
These funds guarantee that, regardless how the fund performs, at least a minimum percentage (usually 75 per cent or more) of the investor's payments into the fund will be returned when the fund matures.
