Time draft
Demand for payment at a stated future date. |
Similar financial terms
Turnaround timeTime available or needed to effect a turnaround.
Times-interest-earned ratio
Earnings before interest and tax, divided by interest payments.
Time value of money
The idea that a dollar today is worth more than a dollar in the future, because the dollar received today can earn interest up until the time the future dollar is received.
Time value of an option
The portion of an option's premium that is based on the amount of time remaining until the expiration date of the option contract, and that the underlying components that determine the value of the option may change during that time. Time value is generally equal to the difference between the premium and the intrinsic value.
Time to maturity
The time remaining until a financial contract expires. Also called time until expiration.
Time until expiration
The time remaining until a financial contract expires. Also called time to maturity.
Time premium
Also called time value, the amount by which the option price exceeds its intrinsic value. The value of an option beyond its current exercise value representing the optionholder's control until expiration, the risk of the underlying asset, and the riskless return.
Time deposit
Interest-bearing deposit at a savings institution that has a specific maturity.
Real time
A real time stock or bond quote is one that states a security's most recent offer to sell or bid (buy). A delayed quote shows the same bid and ask prices 15 minutes and sometimes 20 minutes after a trade takes place.
Market timer
A money manager who assumes he or she can forecast when the stock market will go up and down.
Cash flow time-line
Line depicting the operating activities and cash flows for a firm over a particular period.
Just-in-time
Just-in-time production is a system in which materials, parts and finished products are delivered at the precise time they are needed. This encourages lower stock holdings, shorter lead times, quicker supply chains, better customer contact and relations, greater efficiency and a more profit-focused organisation.
Trade draft
A draft addressed to a commercial enterprise.
Sight draft
Demand for immediate payment.
Payable through drafts
A method of making payment that is used to maintain control over payments made on behalf of the firm by personnel in noncentral locations. The payer's bank delivers the payable through draft to the payer, which must approve it and return it to the bank before payment can be received.
Bank draft
A draft addressed to a bank.
Commercial draft
Demand for payment.
